Common use of CHANGES IN LIABILITIES Clause in Contracts

CHANGES IN LIABILITIES. Each Guarantor assents to any indulgence or waiver which the Agent or any Lender might grant or give the Borrower and/or any other Person liable or obligated for or on the Liabilities. Each Guarantor authorizes the Agent and Lenders 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 for or on the Liabilities, without notice to, or consent from, such Guarantor or any other Guarantor. Each Guarantor authorizes the Agent and Lenders to complete this Guaranty and any instrument or other document which evidences or relates to the Liabilities, to the extent that this Guaranty or such instrument or other document, upon delivery to the Agent or any Lender, is incomplete in any respect. No compromise, settlement, or release by the Agent or any Lender of the Liabilities or of the obligations of any such other Person (whether or not jointly liable with any Guarantor) and no release of any collateral securing the Liabilities or securing the obligations of any such other Person shall affect the obligations of any Guarantor hereunder. No action by the Agent or any Lender which has been assented to herein shall affect the obligations of any Guarantor hereunder.

CHANGES IN LIABILITIES. Each Guarantor of the Facility Guarantors assents to any indulgence or waiver which the Agent or any Lender other Secured Party might grant or give the Borrower Borrower, any other Facility Guarantor and/or any other Person liable or obligated for or on the Liabilities. Each Guarantor of the Facility Guarantors authorizes the Agent and Lenders or any other Secured Party 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 for or on the Liabilities, without notice to, or consent from, such Guarantor or any other Guarantor. Each Guarantor authorizes of the Agent and Lenders to complete this Guaranty and any instrument or other document which evidences or relates to the Liabilities, to the extent that this Guaranty or such instrument or other document, upon delivery to the Agent or any Lender, is incomplete in any respectFacility Guarantors. No compromise, settlement, or release by the Agent or any Lender other Secured Party of the Liabilities or of the obligations of any such other Person (whether or not jointly liable with any Guarantorof the Facility Guarantors) and no release of any collateral securing the Liabilities or securing the obligations of any such other Person shall affect the obligations of any Guarantor of the Facility Guarantors hereunder. No action by the Agent or any Lender other Secured Party which has been assented to herein shall affect the obligations of any Guarantor of the Facility Guarantors hereunder.