Common use of Liability Not Affected Clause in Contracts

Liability Not Affected. The Guarantor's liability under this schedule is not affected by: (a) Granting of Time: the granting of time or any other indulgence to the Licensee; (b) Compounding etc of Rights: the compounding, compromise, re licence, abandonment, waiver, variation or renewal of any of the Licensor's rights against the Licensee; (c) Rights Not Enforced: the Licensor's failure to enforce the Licensor’s rights against the Licensee; (d) Assignment etc of Licence: any assignment or variation of this Licence; (e) Bankruptcy etc: the bankruptcy, death, or, as the case may be, by the receivership, liquidation, winding up, dissolution or voluntary administration of the Licensee; or (f) Any Other Thing: any other thing, which under the law on sureties would or might, if not for this schedule, wholly or partly re licence the Guarantor from the Guarantor's obligations under this schedule.