Common use of Rights of the Administrative Agent and the other Secured Parties Clause in Contracts

Rights of the Administrative Agent and the other Secured Parties. The Specified U.S. Guarantor consents and agrees that the Administrative Agent and the other Secured Parties may, at any time and from time to time, without notice or demand, and without affecting the enforceability or continuing effectiveness hereof: (a) amend, extend, renew, compromise, discharge, accelerate or otherwise change the time for payment or the terms of the Guaranteed Obligations or any part thereof; (b) take, hold, exchange, enforce, waive, release, fail to perfect, sell, or otherwise dispose of any security for the payment of this Guaranty or any Guaranteed Obligations; (c) apply such security to the Guaranteed Obligations and direct the order or manner of sale thereof as the Administrative Agent and the other Secured Parties in their sole discretion may determine; and (d) release or substitute one or more of any endorsers or other guarantors of any of the Guaranteed Obligations. Without limiting the generality of the foregoing, the Specified U.S. 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 the Specified U.S. Guarantor under this Guaranty or which, but for this provision, might operate as a discharge of the Specified U.S. Guarantor.

Rights of the Administrative Agent and the other Secured Parties. The Specified U.S. Guarantor consents and agrees that the Administrative Agent and the other Secured Parties may, at any time and from time to time, without notice or demand, and without affecting the enforceability or continuing effectiveness hereof: (a) amend, extend, renew, compromise, discharge, accelerate or otherwise change the time for payment or the terms of the Guaranteed Obligations or any part thereof; (b) take, hold, exchange, enforce, waive, release, fail to perfect, sell, or otherwise dispose of any security for the payment of this Guaranty or any Guaranteed Obligations; (c) apply such security to the Guaranteed Obligations and direct the order or manner of sale thereof as the Administrative Agent and the other Secured Parties in their sole discretion may determine; and (d) release or substitute one or more of any endorsers or other guarantors of any of the Guaranteed Obligations. Without limiting the generality of the foregoing, the Specified U.S. 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 the Specified U.S. Guarantor under this Guaranty or which, but for this provision, might operate as a discharge of the Specified U.S. Guarantor.

Rights of the Administrative Agent and the other Secured Parties. The Specified U.S. Guarantor consents and agrees that the Administrative Agent and the other Secured Parties may, at any time and from time to time, without notice or demand, and without affecting the enforceability or continuing effectiveness hereof: (a) amend, extend, renew, compromise, discharge, accelerate or otherwise change the time for payment or the terms of the Guaranteed Obligations or any part thereof; (b) take, hold, exchange, enforce, waive, release, fail to perfect, sell, or otherwise dispose of any security for the payment of this Guaranty or any Guaranteed Obligations; (c) apply such security to the Guaranteed Obligations and direct the order or manner of sale thereof as the Administrative Agent and the other Secured Parties in their sole discretion may determine; and (d) release or substitute one or more of any endorsers or other guarantors of any of the Guaranteed Obligations. Without limiting the generality of the foregoing, the Specified U.S. 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 the Specified U.S. Guarantor under this Guaranty or which, but for this provision, might operate as a discharge of the Specified U.S. Guarantor.

Rights of the Administrative Agent and the other Secured Parties. The Specified U.S. Foreign Guarantor consents and agrees that the Administrative Agent and the other Secured Parties may, at any time and from time to time, without notice or demand, and without affecting the enforceability or continuing effectiveness hereof: (a) amend, extend, renew, compromise, discharge, accelerate or otherwise change the time for payment or the terms of the Guaranteed Obligations or any part thereof; (b) take, hold, exchange, enforce, waive, release, fail to perfect, sell, or otherwise dispose of any security for the payment of this Guaranty or any Guaranteed Obligations; (c) apply such security to the Guaranteed Obligations and direct the order or manner of sale thereof as the Administrative Agent and the other Secured Parties in their sole discretion may determine; and (d) release or substitute one or more of any endorsers or other guarantors of any of the Guaranteed Obligations. Without limiting the generality of the foregoing, the Specified U.S. Foreign 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 the Specified U.S. Foreign Guarantor under this Guaranty or which, but for this provision, might operate as a discharge of the Specified U.S. Foreign Guarantor.