Common use of No Impairment of Guaranty Clause in Contracts

No Impairment of Guaranty. Agent, without authorization from or notice to the Guarantors and without impairing, modifying, changing, releasing, limiting or affecting the liability of the Guarantors hereunder, may from time to time at its discretion and with or without valuable consideration, alter, compromise, accelerate, renew, extend or change the time or manner for the payment of any or all of the Indebtedness, increase or reduce the rate of interest thereon, take and surrender security, exchange security by way of substitution, or in any way it deems necessary take, accept, withdraw, subordinate, alter, amend, modify or eliminate security, add or release or discharge endorsers, guarantors, or other ob1igors, make changes of any sort whatever in the Indebtedness or in the terms of payment or performance of the Indebtedness, or in the manner of doing business with Borrower, or settle or compromise with Borrower or any other person or persons liable on the Indebtedness on such terms as it may see fit, and may apply all moneys received from Borrower or others, or from any security held (whether held under a security instrument or not), in such manner upon the Guaranteed Obligations (whether then due or not) as it may determine to be in its best interest (subject to the requirements of the Loan Documents) , without in any way being required to marshal securities or assets or to apply all or any part of such moneys upon any particular part of the Guaranteed Obligations. It is specifically agreed that Agent and Lenders are not required to retain, hold, protect, exercise due care with respect thereto, perfect security interests in or otherwise assure or safeguard any security for the Guaranteed Obligations; no failure by Agent or Lenders to do any of the foregoing and no exercise or nonexercise by Agent or Lenders of any other right or remedy of Agent or Lenders shall in any way affect any of the Guarantors' obligations hereunder or any security furnished by Guarantors or give Guarantors any recourse against Agent or Lenders.

No Impairment of Guaranty. AgentLender, without authorization from or notice to the Guarantors Guarantor and without impairing, modifying, changing, releasing, limiting or affecting the liability of the Guarantors Guarantor hereunder, may from time to time at its discretion and with or without valuable consideration, alter, compromise, accelerate, renew, extend or change the time or manner for the payment of any or all of the IndebtednessLoan, increase or reduce the rate of interest thereon, take and surrender security, exchange security by way of substitution, or in any way it deems necessary take, accept, withdraw, subordinate, alter, amend, modify or eliminate security, add or release or discharge endorsers, guarantors, or other ob1igorsobligors, make changes of any sort whatever in the Indebtedness or in the terms of payment or performance of the IndebtednessLoan, in the Obligations or in the manner of doing business with Borrower, or settle or compromise with Borrower or any other person or persons liable on the Indebtedness Loan or the Obligations on such terms as it may see fit, and may apply all moneys received from the Borrower or others, or from any security held (whether held under a security instrument or not), in such manner upon the Guaranteed Obligations Loan (whether then due or not) as it may determine to be in its best interest (subject to the requirements of the Loan Documents) interest, without in any way being required to marshal securities or assets or to apply all or any part of such moneys upon any particular part of the Guaranteed ObligationsLoan. It is specifically agreed that Agent and Lenders are Lender is not required to retain, hold, protect, exercise due care with respect thereto, perfect security interests in or otherwise assure or safeguard any security for the Guaranteed ObligationsLoan; no failure by Agent or Lenders Lender to do any of the foregoing and no exercise or nonexercise by Agent or Lenders Lender of any other right or remedy of Agent or Lenders Lender shall in any way affect any of the Guarantors' Guarantor’s obligations hereunder or any security furnished by Guarantors Guarantor or give Guarantors Guarantor any recourse against Agent or LendersLender.

No Impairment of Guaranty. Agent, without authorization from or notice to the Guarantors and without impairing, modifying, changing, releasing, limiting or affecting the liability of the Guarantors hereunder, may from time to time at its discretion and with or without valuable consideration, alter, compromise, accelerate, renew, extend or change the time or manner for the payment of any or all of the Indebtedness, increase or reduce the rate of interest thereon, take and surrender security, exchange security by way of substitution, or in any way it deems necessary take, accept, withdraw, subordinate, alter, amend, modify or eliminate security, add or release or discharge endorsers, guarantors, or other ob1igorsobligors, make changes of any sort whatever in the Indebtedness or in the terms of payment or performance of the Indebtedness, or in the manner of doing business with Borrower, or settle or compromise with Borrower or any other person or persons liable on the Indebtedness on such terms as it may see fit, and may apply all moneys received from Borrower or others, or from any security held (whether held under a security instrument or not), in such manner upon the Guaranteed Obligations (whether then due or not) as it may determine to be in its best interest (subject to the requirements of the Loan Documents) ), without in any way being required to marshal securities or assets or to apply all or any part of such moneys upon any particular part of the Guaranteed Obligations. It is specifically agreed that Agent and Lenders are not required to retain, hold, protect, exercise due care with respect thereto, perfect security interests in or otherwise assure or safeguard any security for the Guaranteed Obligations; no failure by Agent or Lenders to do any of the foregoing and no exercise or nonexercise by Agent or Lenders of any other right or remedy of Agent or Lenders shall in any way affect any of the Guarantors' ’ obligations hereunder or any security furnished by Guarantors or give Guarantors any recourse against Agent or Lenders.

No Impairment of Guaranty. Agent, without authorization from or notice to the Guarantors Guarantor and without impairing, modifying, changing, releasing, limiting or affecting the liability of the Guarantors Guarantor hereunder, may from time to time at its discretion and with or without valuable consideration, alter, compromise, accelerate, renew, extend or change the time or manner for the payment of any or all of the Indebtedness, increase or reduce the rate of interest thereon, take and surrender security, exchange security by way of substitution, or in any way it deems necessary take, accept, withdraw, subordinate, alter, amend, modify or eliminate security, add or release or discharge endorsers, guarantors, or other ob1igorsobligors, make changes of any sort whatever in the Indebtedness or in the terms of payment or performance of the Indebtedness, in the Obligations or in the manner of doing business with Borrower, or settle or compromise with Borrower or any other person or persons liable on the Indebtedness or the Obligations on such terms as it may see fit, and may apply all moneys received from the Borrower or others, or from any security held (whether held under a security instrument or not), in such manner upon the Guaranteed Obligations Indebtedness (whether then due or not) as it may determine to be in its best interest (subject to the requirements of the Loan Documents) interest, without in any way being required to marshal securities or assets or to apply all or any part of such moneys upon any particular part of the Guaranteed ObligationsIndebtedness. It is specifically agreed that Agent and Lenders Bank Parties are not required to retain, hold, protect, exercise due care with respect thereto, perfect security interests in or otherwise assure or safeguard any security for the Guaranteed ObligationsIndebtedness; no failure by Agent or Lenders Bank Parties to do any of the foregoing and no exercise or nonexercise by Agent or Lenders Bank Parties of any other right or remedy of Agent or Lenders Bank Parties shall in any way affect any of the Guarantors' Guarantor's obligations hereunder or any security furnished by Guarantors Guarantor or give Guarantors Guarantor any recourse against Agent or LendersBank Parties.