Common use of Rights of the Lender Clause in Contracts

Rights of the Lender. Lender may perform any or all of the following acts at any time, without notice to Guarantor and without affecting Guarantor's obligations under this guaranty: (a) amend or modify the terms of any Guaranteed Obligation, including renewing, compromising, extending or accelerating, or otherwise changing the time for payment of, or increasing or decreasing the rate of interest on, the Loan or any portion thereof; (b) take and hold security for the Guaranteed Obligations or this guaranty, accept additional or substituted security for either, and subordinate, exchange, enforce, waive, release, compromise, fail to perfect and sell or otherwise dispose of any such security; (c) direct the order and manner of any sale of all or any part of any security now or later to be held for the Secured Obligations or this guaranty, and the Lender may also bid at any such sale; (d) apply any payments or recoveries from Borrower, Guarantor or any other source, and any proceeds of any security, to the Guaranteed Obligations in such manner, order and priority as the Lender may elect, whether or not those obligations are guaranteed under this guaranty or secured at the time of the application; (e) release Borrower of its liability for the Loan or any portion thereof; (f) substitute, add or release any one or more guarantors or endorsers; and (g) extend other credit to Borrower, with or without taking or holding security for the credit so extended.

Rights of the Lender. Lender may perform any or all of the following acts at any time, without notice to Guarantor and without affecting Guarantor's obligations under this guaranty: (a) amend create new Guaranteed Obligations, or modify alter the terms of any Guaranteed Obligation, including renewing, compromising, extending or accelerating, or otherwise changing the time for payment or performance of, or increasing or decreasing the rate of interest on, the Loan or any portion thereof; (b) take and hold security for the payment and performance of the Guaranteed Obligations or this guaranty, accept additional or substituted security for either, and subordinate, exchange, enforce, waive, release, compromise, fail to perfect and sell or otherwise dispose of any such security; (c) direct the order and manner of any sale of all or any part of any security now or later to be held for the Secured Guaranteed Obligations or this guaranty, and the Lender may also bid at any such sale; (d) apply any payments or recoveries from Borrower, Guarantor or any other source, and any proceeds of any security, to the Guaranteed Obligations in such manner, order and priority as the Lender may elect, whether or not those obligations are guaranteed under this guaranty or secured at the time of the application; (e) otherwise exercise any right or remedy it may have against Borrower, Guarantor or any other guarantor of the Guaranteed Obligations or any security interest it might have, including the right to foreclose upon any such security by judicial or non-judicial foreclosure; (f) release Borrower of its liability for the Loan or any portion thereof; (f) substitute, add or release any one or more guarantors or endorsers; and (g) extend other credit to Borrower, with or without taking or holding security for the credit so extended.