Common use of Changes in Lease Clause in Contracts

Changes in Lease. Without notice to, or consent by, Guarantor, and in Landlord's sole and absolute discretion and without prejudice to Landlord or in any way limiting or reducing Guarantor's liability under this Guaranty, Landlord may: (a) grant extensions of time, renewals or other indulgences or modifications to Tenant; (b) change, amend or modify the Lease; and (c) accept or make compositions or other arrangements or file or refrain from filing a claim in any bankruptcy or similar proceeding, and otherwise deal with Tenant and any other party related to the Lease as Landlord may determine in its sole and absolute discretion. Without limiting the generality of the foregoing, Guarantor's liability under this Guaranty shall continue even if Landlord alters any obligations under the Lease in any respect or if Landlord's remedies or rights against Tenant are in any way impaired or suspended with or without Guarantor's consent. If Landlord performs any of the actions described in this paragraph, then Guarantor's liability shall continue in full force and effect. Guarantor acknowledges that Guarantor is and will be in a position to know about and control any of the actions described in this paragraph.

Changes in Lease. Without notice to, or consent by, Guarantor, and in Landlord's sole and absolute discretion and without prejudice to Landlord Lender or in any way limiting or reducing Guarantor's liability under this Guaranty, Landlord may: (a) grant extensions of time, renewals or other indulgences or modifications to Tenant; (b) change, amend or modify the Lease; and (c) accept or make compositions or other arrangements or file or refrain from filing a claim in any bankruptcy or similar proceeding, and otherwise deal with Tenant and any other party related to the Lease as Landlord may determine in its sole and absolute discretion. Without limiting the generality of the foregoing, Guarantor's liability under this Guaranty shall continue even if Landlord alters any obligations under the Lease in any respect or if Landlord's remedies or rights against Tenant are in any way impaired or suspended with or without Guarantor's consent. If Landlord performs any of the actions described in this paragraph, then Guarantor's liability shall continue in full force and effect. Guarantor acknowledges that Guarantor is and will be in a position to know about and control any of the actions described in this paragraph.