Common use of Rights of Lender Parties Clause in Contracts

Rights of Lender Parties. Each Subsidiary Guarantor consents and agrees that the Lender Parties may, at any time and from time to time, without notice or demand, and without affecting the enforceability or continuing effectiveness hereof: (i) amend, extend, renew, compromise, discharge, accelerate or otherwise change the time for payment or the terms of the Guaranteed Borrower Obligations or any part thereof; (ii) take, hold, exchange, enforce, waive, release, fail to perfect, sell, or otherwise dispose of any security for the payment of this Subsidiary Guaranty or any Guaranteed Borrower Obligations; (iii) apply such security and direct the order or manner of sale thereof as the Administrative Agent, the L/C Issuer and the Lenders in their sole discretion may determine; and (iv) release or substitute one or more of any endorsers or other guarantors of any of the Guaranteed Borrower Obligations. Without limiting the generality of the foregoing, each Subsidiary Guarantor consents to the taking of, or failure to take, any action which might in any manner or to any extent vary the risks of such Subsidiary Guarantor under this Subsidiary Guaranty or which, but for this provision, might operate as a discharge of such Subsidiary Guarantor.

Rights of Lender Parties. Each Subsidiary The Guarantor consents and agrees agrees, to the extent permitted by the other Loan Documents, that the Lender Parties may, at any time and from time to time, without notice or demand, and without affecting the enforceability or continuing effectiveness hereof: (ia) amend, extend, renew, compromise, discharge, accelerate or otherwise change the time for payment or the terms of the Guaranteed Borrower Obligations or any part thereof; (iib) take, hold, exchange, enforce, waive, release, fail to perfect, sell, or otherwise dispose of any security for the payment of this Subsidiary Guaranty or any Guaranteed Borrower Obligations; (iiic) apply such security and direct the order or manner of sale thereof as the Administrative Agent, the L/C Issuer and the Lenders Lender Parties in their sole discretion may determine; and (ivd) release or substitute one or more of any endorsers or other guarantors of any of the Guaranteed Borrower Obligations. Without limiting the generality of the foregoing, each Subsidiary the Guarantor consents to the taking of, or failure to take, any action by the Lender Parties (to the extent permitted by the other Loan Documents) which might in any manner or to any extent vary the risks of such Subsidiary the Guarantor under this Subsidiary Guaranty or which, but for this provision, might operate as a discharge of such Subsidiary the Guarantor.

Rights of Lender Parties. Each Subsidiary To the fullest extent not prohibited by applicable Law, each Guarantor consents and agrees that the Lender Parties may, at any time and from time to time, without CHAR1\1718846v5 notice or demand, and without affecting the enforceability or continuing effectiveness hereof: (ia) amend, extend, renew, compromise, discharge, accelerate or otherwise change the time for payment or the terms of the Guaranteed Borrower Obligations or any part thereof; , (iib) take, hold, exchange, enforce, waive, release, fail to perfect, sell, or otherwise dispose of any security for the payment of this Subsidiary Guaranty or any Guaranteed Borrower Obligations; , (iiic) apply such security and direct the order or manner of sale thereof as the Administrative Agent, the L/C Issuer and the Lenders Lender Parties in their sole discretion may determine; determine and (ivd) release or substitute one or more of any endorsers or other guarantors of any of the Guaranteed Borrower Obligations. Without limiting the generality of the foregoing, to the fullest extent not prohibited by applicable Law, each Subsidiary Guarantor consents to the taking of, or failure to take, any action which might in any manner or to any extent vary the risks of such Subsidiary Guarantor under this Subsidiary Guaranty or which, but for this provision, might operate as a discharge of such Subsidiary Guarantor.