Common use of Dealings with Parties Clause in Contracts

Dealings with Parties. The LHC shall have complete discretion, without giving notice to or obtaining the consent of the Guarantors, the Borrower and each other person or entity who now is or after the date hereof becomes liable in any manner for any of the Guaranteed Obligations, in such manner as the LHC shall decide, and accordingly each Guarantor grants to the LHC full authority, in its sole discretion, whether before or after termination of this Guaranty, to do any and all of the following, without limiting the generality of the foregoing: extend credit, make loans and afford such financial accommodation to the Borrower or any general partner/managing member at such times, in such amounts and on such terms as the LHC may approve; vary the terms or alter, compromise, accelerate and grant extensions or renewals of time or manner of payment of any present or future Guaranteed Obligations, assign or transfer this Guaranty or any other instrument evidencing or securing the Guaranteed Obligations in whole or in part; vary, exchange, release or discharge, wholly or partially, the Borrower or any general partner/managing member or any other guarantor or obligor of the Guaranteed Obligations, and compromise or make any settlement or other arrangement with the Borrower, any general partner/managing member and/or any other guarantor, and if the Guaranteed Obligations are now or hereafter secured, exchange, substitute or release in part or in full all of the security given for the payment and performance of any of the Guaranteed Obligations.

Dealings with Parties. The LHC shall have complete but reasonable discretion, without giving notice to or obtaining the consent of the Guarantors, the Borrower and each other person or entity who now is or after the date hereof becomes liable in any manner for any of the Guaranteed Obligationsguaranteed obligations, in such manner as the LHC shall reasonably decide, and accordingly each Guarantor grants to the LHC full authority, in its sole but reasonable discretion, whether before or after termination of this Guaranty, to do any and all of the following, without limiting the generality of the foregoing: extend credit, make loans and afford such financial accommodation to the Borrower or any general partner/managing member at such times, in such amounts and on such terms as the LHC may approve; vary the terms or alter, compromise, accelerate and grant extensions or renewals of time or manner of payment of any present or future Guaranteed Obligationsobligations under this Guaranty, assign or transfer this Guaranty or any other instrument evidencing or securing the Guaranteed Obligations obligations under this Guaranty in whole or in part; vary, exchange, release or discharge, wholly or partially, partially the Borrower or any general partner/managing member or any other guarantor or obligor of the Guaranteed Obligationsobligations under this Guaranty, and compromise or make any settlement or other arrangement with the Borrower, any general partner/partner and/or managing member and/or any other guarantor, and if the Guaranteed Obligations obligations under this Guaranty are now or hereafter secured, exchange, substitute or release in part or in full all of the security given for the payment and performance of any of the Guaranteed ObligationsGuarantors’ obligations under this Guaranty.

Dealings with Parties. The LHC OCD shall have complete discretion, without giving notice to or obtaining the consent of the Guarantors, the Borrower and each other person or entity who now is or after the date hereof becomes liable in any manner for any of the Guaranteed Obligationsguaranteed obligations, in such manner as the LHC OCD shall decide, and accordingly each Guarantor grants to the LHC OCD full authority, in its sole discretion, whether before or after termination of this Guaranty, to do any and all of the following, without limiting the generality of the foregoing: extend credit, make loans and afford such financial accommodation to the Borrower or any general partner/managing member partner at such times, in such amounts and on such terms as the LHC OCD may approve; vary the terms or alter, compromise, accelerate and grant extensions or renewals of time or manner of payment of any present or future Guaranteed Obligationsobligations under this Guaranty, assign or transfer this Guaranty or any other instrument evidencing or securing the Guaranteed Obligations obligations under this Guaranty in whole or in part; vary, exchange, release or discharge, wholly or partially, partially the Borrower or any general partner/managing member partner or any other guarantor or obligor of the Guaranteed Obligationsobligations under this Guaranty, and compromise or make any settlement or other arrangement with the Borrower, any general partner/partner and/or managing member and/or any other guarantor, and if the Guaranteed Obligations obligations under this Guaranty are now or hereafter secured, exchange, substitute or release in part or in full all of the security given for the payment and performance of any of the Guaranteed ObligationsGuarantors’ obligations under this Guaranty.

Dealings with Parties. The LHC shall have complete but reasonable discretion, without giving notice to or obtaining the consent of the Guarantors, the Borrower and each other person or entity who now is or after the date hereof becomes liable in any manner for any of the Guaranteed Obligationsguaranteed obligations, in such manner as the LHC shall reasonably decide, and accordingly each Guarantor grants to the LHC full authority, in its sole but reasonable discretion, whether before or after termination of this Guaranty, to do any and all of the following, without limiting the generality of the foregoing: extend credit, make loans and afford such financial accommodation to the Borrower or any general partner/managing member at such times, in such amounts and on such terms as the LHC may approve; vary the terms or alter, compromise, accelerate and grant extensions or renewals of time or manner of payment of any present or future Guaranteed Obligationsobligations under this Guaranty, assign or transfer this Guaranty or any other instrument evidencing or securing the Guaranteed Obligations obligations under this Guaranty in whole or in part; vary, exchange, release or discharge, wholly or partially, partially the Borrower or any general partner/managing member or any other guarantor or obligor of the Guaranteed Obligationsobligations under this Guaranty, and compromise or make any settlement or other arrangement with the Borrower, any general partner/partner and/or managing member and/or any other guarantor, and if the Guaranteed Obligations obligations under this Guaranty are now or hereafter secured, exchange, substitute or release in part or in full all of the security given for the payment and performance of any of the Guaranteed Obligations.Guarantors’ obligations under this Guaranty. DRAFT