Common use of Right to Deal With Lender Indebtedness and Security Clause in Contracts

Right to Deal With Lender Indebtedness and Security. The Guarantor authorizes the Administrative Agent, without notice or demand and without affecting the Guarantor's liability hereunder, from time to time to (i) increase, enlarge, renew, compromise, extend, accelerate or otherwise change the time for payment or the terms of the Lender Indebtedness or any part thereof, including an increase or decrease of the rate of interest thereon, and including, without limitation, increases, enlargements, renewals, compromises, extensions, accelerations and modifications made after any revocation of this Guaranty Agreement, (ii) deal with the Lender Indebtedness and any security therefor in any manner it may see fit, (iii) accept partial payments on account of the Lender Indebtedness and (iv) demand or receive additional security for the Lender Indebtedness. The Guarantor acknowledges that the Administrative Agent, for and on behalf of the Lenders and the Administrative Agent, has now and may have in the future certain security for, and other Guarantees of, all or any part of the Lender Indebtedness, but it is specifically understood and agreed by the Guarantor that neither the execution and delivery of this Guaranty Agreement nor the holding of any security or any other Guarantee shall at any time or in any respect operate to prevent or hinder the Administrative Agent and/or the Lenders from resorting first to such other security and/or other Guarantee, or first to this Guaranty Agreement, or first from time to time to both. In addition, the Administrative Agent and/or the Lenders may, from time to time as they see fit, resort to this Guaranty Agreement without resorting to any other security for and/or other Guarantee of the Lender Indebtedness, or to all or any part of any security and/or any other Guarantee securing the Lender Indebtedness, without resorting to this Guaranty Agreement, and such action on the Administrative Agent's and/or the Lenders' part shall not in any respect be considered as a waiver of any of the benefits or rights of the Administrative Agent or the Lenders relating to this Guaranty Agreement or such other security and/or other Guarantees.

Right to Deal With Lender Indebtedness and Security. The Guarantor authorizes the Administrative Agent, without notice or demand and without affecting the Guarantor's ’s liability hereunder, from time to time to (i) increase, enlarge, renew, compromise, extend, accelerate or otherwise change the time for payment or the terms of the Lender Indebtedness or any part thereof, including an increase or decrease of the rate of interest thereon, and including, without limitation, increases, enlargements, renewals, compromises, extensions, accelerations and modifications made after any revocation of this Guaranty Agreement, (ii) deal with the Lender Indebtedness and any security therefor in any manner it may see fit, (iii) accept partial payments on account of the Lender Indebtedness and (iv) demand or receive additional security for the Lender Indebtedness. The Guarantor acknowledges that the Administrative Agent, for and on behalf of the Lenders and the Administrative Agent, has now and may have in the future certain security for, and other Guarantees of, all or any part of the Lender Indebtedness, but it is specifically understood and agreed by the Guarantor that neither the execution and delivery of this Guaranty Agreement nor the holding of any security or any other Guarantee shall at any time or in any respect operate to prevent or hinder the Administrative Agent and/or the Lenders from resorting first to such other security and/or other Guarantee, or first to this Guaranty Agreement, or first from time to time to both. In addition, the Administrative Agent and/or the Lenders may, from time to time as they see fit, resort to this Guaranty Agreement without resorting to any other security for and/or other Guarantee of the Lender Indebtedness, or to all or any part of any security and/or any other Guarantee securing the Lender Indebtedness, without resorting to this Guaranty Agreement, and such action on the Administrative Agent's ’s and/or the Lenders' ’ part shall not in any respect be considered as a waiver of any of the benefits or rights of the Administrative Agent or the Lenders relating to this Guaranty Agreement or such other security and/or other Guarantees.