Undertakings Unaffected. The County’s undertakings herein shall not be affected or impaired by (a) any neglect or omission on the part of the Bank to preserve any collateral at any time securing payment of the Bank Note, or (b) any act on the part of the Bank in releasing, canceling, or surrendering all or part of such collateral, or in extending the time for payment with respect to all or any part of the Bank Note or such collateral, or in enforcing or realizing upon such collateral. No notice whatsoever need be given to the County at any time of any payments made under the Bank Note or with respect to any collateral securing the Bank Note. Notwithstanding anything to the contrary contained herein, Bank agrees that it will not (a) extend the maturity of the Bank Note, or (b) increase the amount of the Bank Loan without the prior written consent of the County.
Undertakings Unaffected. The County’s undertakings herein shall not be affected or impaired by (a) any neglect or omission on the part of the Credit Union to preserve any collateral at any time securing payment of the Credit Union Note, or (b) any act on the part of the Credit Union in releasing, canceling, or surrendering all or part of such collateral, or in extending the time for payment with respect to all or any part of the Credit Union Note or such collateral, or in enforcing or realizing upon such collateral. No notice whatsoever need be given to the County at any time of any payments made under the Credit Union Note or with respect to any collateral securing the Credit Union Note. Notwithstanding anything to the contrary contained herein, Credit Union agrees that it will not (a) extend the maturity of the Credit Union Note, or (b) increase the amount of the Credit Union Loan without the prior written consent of the County.
Undertakings Unaffected. Subordinated Creditor’s undertakings herein shall not be affected or impaired by (a) any neglect or omission on the part of Senior Lender to look to or to preserve any collateral at any time securing payment of the Senior Claim, or (b) any act on the part of Senior Lender in releasing, cancelling or surrendering all or part of such collateral, or in extending the time for payment with respect to all or any part of the Senior Claim or such collateral, or in enforcing or realizing upon such collateral. No notice whatsoever need be given to Subordinated Creditor at any time of the Senior Claim or the amount or amounts thereof, whether now existing or hereafter arising, or any increase or decrease therein, or any payments thereof, or with respect to any collateral, or in any other respect.
