Common use of Transactions with Others Clause in Contracts

Transactions with Others. After the occurrence and during the continuation of any Event of Default, the Collateral Agent may (i) extend the time for payment or other performance, (ii) grant a renewal or change in terms or conditions, or (iii) compromise, compound or release any obligation with an Account Obligor as the Collateral Agent deems advisable, without obtaining the prior written consent of the Debtors, and no such act or failure to act shall affect the Collateral Agent’s or Secured Parties’ rights against the Debtors or the Collateral.

Appears in 8 contracts

Samples: Security Agreement (Isco International Inc), Security Agreement (Isco International Inc), Security Agreement (Isco International Inc)

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Transactions with Others. After the occurrence and during the continuation of any Event of Default, the Collateral Agent may (i) extend the time for payment or other performance, (ii) grant a renewal or change in terms or conditions, or (iii) compromise, compound or release any obligation with an Account Obligor as the Collateral Agent deems advisableis commercially reasonable, without obtaining the prior written consent of the Debtors, and no such act or failure to act shall affect the Collateral Agent’s or Secured Parties’ Party’s rights against the Debtors or the Collateral.

Appears in 1 contract

Samples: Security Agreement (Star Scientific Inc)

Transactions with Others. After the occurrence and during the continuation of any Event of Default, the Collateral Agent may (i) extend the time for payment or other performance, (ii) grant a renewal or change in terms or conditions, or (iii) compromise, compound or release any obligation with an Account Obligor Debtor as the Collateral Agent deems advisable, without obtaining the prior written consent of the DebtorsDebtor, and no such act or failure to act shall affect the Collateral Agent’s 's or Secured Parties' rights against the Debtors Debtor or the Collateral.

Appears in 1 contract

Samples: Security Agreement (General Magic Inc)

Transactions with Others. After the occurrence and during the continuation of any Event of Default, the Collateral Agent may (i) extend the time for payment or other performance, (ii) grant a renewal or change in terms or conditions, or (iii) compromise, compound or release any obligation with an Account Obligor as the Collateral Agent deems advisable, without obtaining the prior written consent of the Debtors, and no such act or failure to act shall affect the Collateral Agent’s 's or Secured Parties' rights against the Debtors or the Collateral.

Appears in 1 contract

Samples: Security Agreement (Constellation 3d Inc)

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Transactions with Others. After the occurrence and during the continuation of any Event of Default, the The Collateral Agent may (i1) extend the time for payment or other performance, (ii2) grant a renewal or change in terms or conditions, or (iii3) compromise, compound or release any obligation obligation, with an Account Obligor any one or more Obligors, endorsers, or Guarantors of the Indebtedness as the Collateral Agent deems advisable, without obtaining the prior written consent of the DebtorsGrantor, and no such act or failure to act shall affect the Collateral Agent’s or Secured Parties’ rights against the Debtors Grantor or the Collateral.

Appears in 1 contract

Samples: Pledge Agreement (Westmoreland Coal Co)

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