Common use of With Respect to the Obligations Clause in Contracts

With Respect to the Obligations. The Guarantor shall remain obligated hereunder notwithstanding that, without any reservation of rights against Guarantor and without notice to or further assent by Guarantor, (a) any demand for payment or performance of any of the Obligations made by Landlord may be rescinded by Landlord and any of the other Obligations continue to be in effect; (b) the Obligations and any collateral security or guarantee therefor or right of offset with respect thereto, may be renewed, modified, accelerated, waived, or released by Landlord; and (c) the Lease or other guarantee or document executed and delivered in connection therewith may be modified or terminated, in accordance with its terms, as the parties thereto may deem advisable. Landlord shall not have any obligation to secure, perfect or insure any lien at any time held as security for the Obligations or for this Guaranty or any property subject thereto. For purposes hereof, "demand" shall include, without limitation, the commencement and continuance of any legal proceedings.