Common use of Borrower Bankruptcy Clause in Contracts

Borrower Bankruptcy. During the bankruptcy or winding up or other distribution of assets of Borrower or any other Guarantor, the rights of Administrative Agent and Lenders against Guarantor shall not be affected or impaired by the omission of any of Administrative Agent and Lenders to prove its claim, or to prove the full claim, as appropriate, and any of Administrative Agent or Lenders may prove such claims as it sees fit and may refrain from proving any claim and in its discretion may value as it sees fit or refrain from valuing any Collateral held by it or on its behalf without in any way releasing, reducing or otherwise affecting the liability of Guarantor to Administrative Agent and Lenders.