Common use of CHANGES IN LIABILITIES Clause in Contracts

CHANGES IN LIABILITIES. The Guarantors assent to any indulgence or waiver which the Lender might grant or give any Borrower and/or any other Person liable or obligated to the Lender for or on the Liabilities. The Guarantors authorize the Lender, subject to the terms and conditions of the Loan Documents, to alter, amend, cancel, waive, or modify any term or condition of the Liabilities and of the obligations of any other Person liable or obligated to the Lender for or on the Liabilities, without notice to, or consent from, the Guarantors. No compromise, settlement, or release by the Lender of the Liabilities or of the obligations of any such other Person (whether or not jointly liable with the Guarantors) and no release of any Collateral securing the Liabilities or securing the obligations of any such other Person shall affect the obligations of the Guarantors hereunder. No action by the Lender which has been assented to herein shall affect the obligations of the Guarantors to the Lender.

CHANGES IN LIABILITIES. The Guarantors assent Guarantor assents to any indulgence or waiver which the Lender might grant or give any the Borrower and/or any other Person liable or obligated to the Lender for or on the Liabilities. The Guarantors authorize Guarantor authorizes the Lender, subject to the terms and conditions of the Loan Documents, to alter, amend, cancel, waive, or modify any term or condition of the Liabilities and of the obligations of any other Person liable or obligated to the Lender for or on the Liabilities, without notice to, or consent from, the GuarantorsGuarantor. No compromise, settlement, or release by the Lender of the Liabilities or of the obligations of any such other Person (whether or not jointly liable with the GuarantorsGuarantor) and no release of any Collateral collateral securing the Liabilities or securing the obligations of any such other Person shall affect the obligations of the Guarantors Guarantor hereunder. No action by the Lender which has been assented to herein shall affect the obligations of the Guarantors Guarantor to the Lender.