Common use of Extensions, etc Clause in Contracts

Extensions, etc. Canadian Agent may grant extensions of time and other indulgences, take and give up security, accept compositions, compound, compromise, settle, grant releases and discharges and otherwise deal with Grantor, debtors of Grantor, any other Credit Party, sureties and others and with Collateral and other security as Canadian Agent may see fit without prejudice to the liability of Grantor or Canadian Agent's right to hold and realize the Security Interest. Furthermore, without limiting any other provision hereof, after and during the continuance of an Event of Default, Canadian Agent may demand, collect and sue on Collateral in either Grantor's or Canadian Agent's name, a▇ ▇anadian Agent's option, and may endorse Grantor's name on any and all cheques, commercial paper, and any other Instruments pertaining to or constituting Collateral. Nothing herein contained shall in any way obligate Canadian Agent to grant, continue, renew, extend time for payment of or accept anything which constitutes or would constitute Obligations.

Extensions, etc. Canadian Agent may grant extensions of time and other indulgences, take and give up security, accept compositions, compound, compromise, settle, grant releases and discharges and otherwise deal with Grantor, debtors of Grantor, any other Credit Party, sureties and others and with Collateral and other security as Canadian Agent may see fit without prejudice to the liability of Grantor or Canadian Agent's right to hold and realize the Security Interest. Furthermore, without limiting any other provision hereof, after and during the continuance of an Event of Default, Canadian Agent may demand, collect and sue on Collateral in either Grantor's or Canadian Agent's name, a▇ at ▇anadian ▇nadian Agent's option, and may endorse Grantor's name on any and all cheques, commercial paper, and any other Instruments pertaining to or constituting Collateral. Nothing herein contained shall in any way obligate Canadian Agent to grant, continue, renew, extend time for payment of or accept anything which constitutes or would constitute Obligations.

Extensions, etc. Canadian Agent may grant extensions of time and other indulgences, take and give up security, accept compositions, compound, compromise, settle, grant releases and discharges and otherwise deal with Grantor, debtors of Grantor, any other Credit Party, sureties and others and with Collateral and other security as Canadian Agent may see fit without prejudice to the liability of Grantor or Canadian Agent's right to hold and realize the Security Interest. Furthermore, without limiting any other provision hereof, after and during the continuance of an Event of Default, Canadian Agent may demand, collect and sue on Collateral in either Grantor's or Canadian Agent's name, a▇ at ▇anadian ▇▇adian Agent's option, and may endorse Grantor's name on any and all cheques, commercial paper, and any other Instruments pertaining to or constituting Collateral. Nothing herein contained shall in any way obligate Canadian Agent to grant, continue, renew, extend time for payment of or accept anything which constitutes or would constitute Obligations.