Common use of Silicon’s Rights Clause in Contracts

Silicon’s Rights. This is a continuing agreement of subordination and Silicon may continue, without notice to the Creditors, to extend credit or other accommodation or benefit and loan monies to or for the account of the Borrower in reliance hereon. Silicon may at any time, in its discretion, renew or extend the time of payment of all or any Senior Debt, modify the Senior Debt and any terms or provisions thereof or of any agreement relating thereto, waive or release any collateral which may be held therefor at any time, and make and enter into any such agreement or agreements as Silicon may deem proper or desirable relating to the Senior Debt, without notice to or further consent from the Creditors and without any manner impairing or affecting this Agreement or any of Silicon’s rights hereunder. The Creditors waive notice of acceptance hereof, notice of the creation of any Senior Debt, the giving or extension of any credit by Silicon to the Borrower, or the taking, waiving or releasing of any security therefor, or the making of any modifications, and the Creditors waive presentment, demand, protest, notice of protest, notice of default, and all other notices to which the Creditors might otherwise be entitled.

Silicon’s Rights. This is a continuing agreement of subordination and Silicon may continue, without notice to the CreditorsCreditor, to extend credit or other accommodation or benefit and loan monies to or for the account of the Borrower in reliance hereon. Silicon may at any time, in its discretion, renew or extend the time of payment of all or any Senior Debt, modify the Senior Debt and any terms or provisions thereof or of any agreement relating thereto, waive or release any collateral which may be held therefor at any time, and make and enter into any such agreement or agreements as Silicon may deem proper or desirable relating to the Senior Debt, without notice to or further consent from the Creditors Creditor and without any manner impairing or affecting this Agreement or any of Silicon’s 's rights hereunder. The Creditors waive Creditor waives notice of acceptance hereof, notice of the creation of any Senior Debt, the giving or extension of any credit by Silicon to the Borrower, or the taking, waiving or releasing of any security therefor, or the making of any modifications, and the Creditors waive Creditor waives presentment, demand, protest, notice of protest, notice of default, and all other notices to which the Creditors Creditor might otherwise be entitled.

Silicon’s Rights. This is a continuing agreement of subordination and Silicon may continue, without notice to the CreditorsCreditor, to extend credit or other accommodation or benefit and loan monies to or for the account of the Borrower Obligor in reliance hereon. Silicon may at any time, in its discretion, renew or extend the time of payment of all or any Senior Debt, modify the Senior Debt and any terms or provisions thereof or of any agreement relating thereto, waive or release any collateral which may be held therefor at any time, and make and enter into any such agreement or agreements as Silicon may deem proper or desirable relating to the Senior Debt, without notice to or further consent from the Creditors Creditor and without any manner impairing or affecting this Agreement or any of Silicon’s 's rights hereunder. The Creditors waive Creditor waives notice of acceptance hereof, notice of the creation of any Senior Debt, the giving or extension of any credit by Silicon to the BorrowerObligor, or the taking, waiving or releasing of any security therefor, or the making of any modifications, and the Creditors waive Creditor waives presentment, demand, protest, notice of protest, notice of default, and all other notices to which the Creditors Creditor might otherwise be entitled.

Silicon’s Rights. This is a continuing agreement of subordination and Silicon may continue, without notice to the CreditorsCreditor, to extend credit or other accommodation or benefit and loan monies to or for the account of the Borrower in reliance hereon. Silicon may at any time, in its discretion, renew or extend the time of payment of all or any Senior Debt, modify the Senior Debt and any terms or provisions thereof or of any agreement relating thereto, waive or release any collateral which may be held therefor at any time, and make and enter into any such agreement or agreements as Silicon may deem proper or desirable relating to the Senior Debt, without notice to or further consent from the Creditors Creditor and without any manner impairing or affecting this Agreement or any of Silicon’s rights hereunder. The Creditors waive Creditor waives notice of acceptance hereof, notice of the creation of any Senior Debt, the giving or extension of any credit by Silicon to the Borrower, or the taking, waiving or releasing of any security therefor, or the making of any modifications, and the Creditors waive Creditor waives presentment, demand, protest, notice of protest, notice of default, and all other notices to which the Creditors Creditor might otherwise be entitled.