Common use of Rights of Bank Clause in Contracts

Rights of Bank. Guarantor acknowledges, consents and agrees that the Bank may, subject to the terms of the relevant loan documents with the Borrower, without notice or demand to Guarantor and without affecting the Guarantor’s liability hereunder, from time to time to: (a) renew, compromise, extend, accelerate, or otherwise change the time for payment, or otherwise change the terms, of the Indebtedness or any part thereof, including increase or decrease of the rate of interest thereon, or otherwise change the terms of any Bank Agreements; (b) receive and hold security for the payment of this Guaranty or any Indebtedness and exchange, enforce, waive, release, fail to perfect, sell, or otherwise dispose of any such security; (c) apply such security and direct the order or manner of sale thereof as Bank in its discretion may determine; (d) release or substitute any Guarantor or any one or more of any endorsers or other guarantors of any of the Indebtedness; and (e) permit the Indebtedness to exceed Xxxxxxxxx's liability under this Guaranty, and Guarantor agrees that any amounts received by Bank from any source other than Guarantor shall be deemed to be applied first to any portion of the Indebtedness not guaranteed by Guarantor.

Rights of Bank. Guarantor acknowledges, consents and agrees that the Bank may, subject to the terms of the relevant loan documents with the Borrowerauthorizes Bank, without notice or demand to Guarantor and without affecting the Guarantor’s its liability hereunder, from time to time to: (a) renew, compromise, extend, accelerate, or otherwise change the time for payment, or otherwise change the terms, of the Indebtedness or any part thereof, including increase or decrease of Ref #: 1002474989: - Sundance Energy, LP. Continuing and Unconditional Guaranty the rate of interest thereoninterest, or otherwise change the terms of any Bank Agreements; (b) receive and hold security for the payment of this Guaranty or any Indebtedness indebtedness and exchange, enforce, waive, release, fail to perfect, sell, or otherwise dispose of any such security; (c) apply such security and direct the order or manner of sale thereof as Bank in its discretion may determine; (d) release or substitute any Guarantor or any one or more of any endorsers or other guarantors of any of the Indebtedness; and (e) permit the Indebtedness to exceed Xxxxxxxxx's Guarantor’s liability under this Guaranty, and Guarantor agrees that any amounts received by Bank from any source other than Guarantor shall be deemed to be applied first to any portion of the Indebtedness not guaranteed by Guarantor.

Rights of Bank. To the furthest extent permitted by law, Guarantor acknowledges, consents and agrees that the Bank may, subject to the terms of the relevant loan documents with the Borrowerauthorizes Bank, without notice or demand to Guarantor and without affecting the Guarantor’s its liability hereunder, from time to time to: (a) renew, compromise, extend, accelerate, or otherwise change the time for payment, or otherwise change the terms, of the Indebtedness or any part thereof, including increase or decrease of the rate of interest thereoninterest, or otherwise change the terms of any Bank Agreements; (b) receive and hold security for the payment of this Guaranty or any Indebtedness and exchange, enforce, waive, release, fail to perfect, sell, or otherwise dispose of any such security; (c) apply such security and direct the order or manner of sale thereof as Bank in its discretion may determine; (d) release or substitute any Guarantor or any one or more of any endorsers or other guarantors of any of the Indebtedness; and (e) permit the Indebtedness to exceed Xxxxxxxxx's Guarantor’s liability under this Guaranty, and Guarantor agrees that any amounts received by Bank from any source other than Guarantor shall be deemed to be applied first to any portion of the Indebtedness not guaranteed by Guarantor.

Rights of Bank. The Guarantor acknowledges, consents and agrees that the Bank may, subject at any time and from time to the terms of the relevant loan documents with the Borrowertime, without notice or demand to Guarantor demand, and without affecting the Guarantor’s liability hereunderenforceability or continuing effectiveness hereof, from time to time to: the extent it is able to do so under documents with any Obligor: (a) amend, extend, renew, compromise, extenddischarge, accelerate, accelerate or otherwise change the time for payment, payment or otherwise change the terms, terms of the Indebtedness Guaranteed Obligations or any part thereof, including increase or decrease of the rate of interest thereon, or otherwise change the terms of any Bank Agreements; ; (b) receive and hold security for the payment of this Guaranty or any Indebtedness and take, hold, exchange, enforce, waive, release, fail to perfect, sell, or otherwise dispose of any such security; security for the payment of this Guaranty or any Guaranteed Obligations; (c) apply such security and direct the order or manner of sale thereof as the Bank in its sole discretion may determine; ; and (d) release or substitute any Guarantor or any one or more of any endorsers or other guarantors of any of the Indebtedness; and (e) permit Guaranteed Obligations. Without limiting the Indebtedness generality of the foregoing, the Guarantor consents to exceed Xxxxxxxxx's liability the taking of, or failure to take, any action which might in any manner or to any extent vary the risks of the Guarantor under this GuarantyGuaranty or which, and Guarantor agrees that any amounts received by Bank from any source other than Guarantor shall be deemed to be applied first to any portion but for this provision, might operate as a discharge of the Indebtedness not guaranteed by Guarantor.