Common use of Waiver; Release Clause in Contracts

Waiver; Release. Guarantor waives and releases every claim or defense relating to, and this Guaranty shall be unaffected by: (i) any Noteholder's or Collateral Agent's delay or forbearance from exercising any right or remedy, including any delay or forbearance from the liquidation of any collateral for any obligation; (ii) the genuineness, validity, regularity, enforceability or any future amendment of, or change in this Guaranty, any other Transaction Document or any other agreement, document or instrument to which any Obligors are or may become a party; (iii) the existence, value or condition of, or failure to perfect any lien against any collateral for the Obligations or any action, or the absence of any action, by any Noteholders or Collateral Agent in respect thereof (including, without limitation, the release of any such collateral)