Common use of Modification of Obligations; Other Security Clause in Contracts

Modification of Obligations; Other Security. Pledgor waives: (a) any and all notice of acceptance, creation, modification, rearrangement, renewal or extension for any period of any instrument executed by the Pledgor, any Guarantor or any other Person in connection with the Obligations and (b) any defense of the Pledgor, any Guarantor or any such Person by reason of disability, lack of authorization, cessation of the liability of the Pledgor, any Guarantor or any such Person or for any other reason. Pledgor authorizes Secured Party, without notice or demand and without any reservation of rights against Pledgor and without affecting Pledgor's liability hereunder or on the Obligations, from time to time to (i) take and hold other property, other than the Collateral, as security for the Obligations, and exchange, enforce, waive and release any or all of the Collateral, (ii) apply the Collateral in the manner permitted by this Security Agreement and (iii) renew, extend for any period, accelerate, amend or modify, supplement, enforce, compromise, settle, waive or release the obligations of the Pledgor, any Guarantor or any other Person or any instrument or Agreement of such other Person with respect to any or all of the Obligations or Collateral.

Modification of Obligations; Other Security. Except as otherwise set forth in this Agreement, Pledgor waives: and Third Ave waive (a) any and all notice of acceptance, creation, modification, rearrangement, renewal or extension for any period of any instrument executed by the Pledgor, any Guarantor or any other Person Obligor in connection with the Obligations Loan Agreement and (b) any defense of the Pledgor, any Guarantor or any such Person Obligor by reason of disability, lack of authorization, cessation of the liability of the Pledgor, any Guarantor or any such Person Obligor or for any other reason. Upon the occurrence of and continuation of an Event of Default, Pledgor authorizes and Third Ave authorize Secured Party, without notice or demand and without any reservation of rights against such Pledgor or Third Ave and without affecting any Pledgor's ’s liability hereunder or on the Obligationshereunder, from time to time to (ix) take and hold other property, other than the Collateral, as security for the Obligations, and exchange, enforce, waive and release any or all of the Collateral, (iiy) apply the Collateral in the manner permitted by this Security Agreement and (iiiz) renew, extend for any period, accelerate, amend or modify, supplement, enforce, compromise, settle, waive or release the obligations of the Pledgor, any Guarantor or any other Person Obligor or any instrument or Agreement agreement of such other Person with respect to any or all of the Obligations or Collateral.

Modification of Obligations; Other Security. Except as otherwise set forth in this Agreement, Pledgor waives: and Aviation waive (a) any and all notice of acceptance, creation, modification, rearrangement, renewal or extension for any period of any instrument executed by the Pledgor, any Guarantor or any other Person Obligor in connection with the Obligations Loan Agreement and (b) any defense of the Pledgor, any Guarantor or any such Person Obligor by reason of disability, lack of authorization, cessation of the liability of the Pledgor, any Guarantor or any such Person Obligor or for any other reason. Upon the occurrence of and continuation of an Event of Default, Pledgor authorizes and Aviation authorize Secured Party, without notice or demand and without any reservation of rights against such Pledgor or Aviation and without affecting any Pledgor's ’s liability hereunder or on the Obligationshereunder, from time to time to (ix) take and hold other property, other than the Collateral, as security for the Obligations, and exchange, enforce, waive and release any or all of the Collateral, (iiy) apply the Collateral in the manner permitted by this Security Agreement and (iiiz) renew, extend for any period, accelerate, amend or modify, supplement, enforce, compromise, settle, waive or release the obligations of the Pledgor, any Guarantor or any other Person Obligor or any instrument or Agreement agreement of such other Person with respect to any or all of the Obligations or Collateral.

Modification of Obligations; Other Security. Except as otherwise set forth in this Agreement, Pledgor waives: and Alliance waive (a) any and all notice of acceptance, creation, modification, rearrangement, renewal or extension for any period of any instrument executed by the Pledgor, any Guarantor or any other Person Obligor in connection with the Obligations Loan Agreement and (b) any defense of the Pledgor, any Guarantor or any such Person Obligor by reason of disability, lack of authorization, cessation of the liability of the Pledgor, any Guarantor or any such Person Obligor or for any other reason. Upon the occurrence of and continuation of an Event of Default, Pledgor authorizes and Alliance authorize Secured Party, without notice or demand and without any reservation of rights against such Pledgor or Alliance and without affecting any Pledgor's ’s liability hereunder or on the Obligationshereunder, from time to time to (ix) take and hold other property, other than the Collateral, as security for the Obligations, and exchange, enforce, waive and release any or all of the Collateral, (iiy) apply the Collateral in the manner permitted by this Security Agreement and (iiiz) renew, extend for any period, accelerate, amend or modify, supplement, enforce, compromise, settle, waive or release the obligations of the Pledgor, any Guarantor or any other Person Obligor or any instrument or Agreement agreement of such other Person with respect to any or all of the Obligations or Collateral.

Modification of Obligations; Other Security. Except as otherwise set forth in this Agreement, each Pledgor waives: and the Issuers waive (a) any and all notice of acceptance, creation, modification, rearrangement, renewal or extension for any period of any instrument executed by the Pledgor, any Guarantor or any other Person Obligor in connection with the Obligations Loan Agreement and (b) any defense of the Pledgor, any Guarantor or any such Person Obligor by reason of disability, lack of authorization, cessation of the liability of the Pledgor, any Guarantor or any such Person Obligor or for any other reason. Upon the occurrence of and continuation of an Event of Default, each Pledgor authorizes and Circle 8 authorize Secured Party, without notice or demand and without any reservation of rights against such Pledgor or the Issuers and without affecting a Pledgor's ’s liability hereunder or on the Obligationshereunder, from time to time to (ix) take and hold other property, other than the Collateral, as security for the Obligations, and exchange, enforce, waive and release any or all of the Collateral, (iiy) apply the Collateral in the manner permitted by this Security Agreement and (iiiz) renew, extend for any period, accelerate, amend or modify, supplement, enforce, compromise, settle, waive or release the obligations of the Pledgor, any Guarantor or any other Person Obligor or any instrument or Agreement agreement of such other Person with respect to any or all of the Obligations or Collateral.