Common use of Permitted Actions Clause in Contracts

Permitted Actions. Except as otherwise expressly provided by this Agreement, Agent and Lenders may from time to time, in their sole discretion and without notice to any Obligor, take any or all of the following actions: (a) retain or obtain a Liens in any assets of any Obligor or any other Person to secure any of the Obligations; (b) retain or obtain the primary or secondary obligation of any obligor or obligors, in addition to the Obligors, with respect to any of the Obligations; (c) extend or renew for one or more periods (whether or not longer than the original period), or, with the agreement of the Borrowers, alter or exchange any of the Obligations; (d) waive, ignore, or forbear from taking action or otherwise exercising any of its default rights or remedies with respect to any default by the Obligors under the Loan Documents; (e) release, waive, or compromise any obligation of the Obligors hereunder or any obligation of any nature of any other obligor primarily or secondarily obligated with respect to any of the Obligations; (f) release Agent’s Liens in, or surrender, release or permit any substitution or exchange for, all or any part of the Collateral now or hereafter securing any of the Obligations or any obligation hereunder, or extend or renew for one or more periods (whether or not longer than the original period) or release, waive, compromise, alter or exchange any obligations of any nature of any Obligor with respect to any such property; and (g) demand payment or performance of any of the Obligations from any Obligor at any time or from time to time, whether or not Agent or any Lender has exercised any of its rights or remedies with respect to any property securing any of the Obligations or any obligation hereunder or proceeded against any other Obligor or other Person primarily or secondarily liable for payment or performance of any of the Obligations.

Permitted Actions. Except as otherwise expressly provided by this AgreementThe holders of the Seller Notes may, Agent and Lenders may from time to time, in their sole discretion and without notice to any Obligorthe Guarantor, take any or all of the following actionsactions without affecting the liability of the Guarantor hereunder: (a) retain or obtain a Liens security interest in any assets of any Obligor or any other Person property to secure any of the Obligations; Guaranteed Obligations or any obligation hereunder, (b) retain or obtain the primary or secondary obligation of any obligor or obligors, in addition to the ObligorsGuarantor, with respect to any of the Guaranteed Obligations; , (c) extend or renew any of the Guaranteed Obligations for one or more periods (whether or not longer than the original period), or, with the agreement of the Borrowers, alter or exchange any of the Guaranteed Obligations; (d) waive, ignore, or forbear from taking action or otherwise exercising any of its default rights or remedies with respect to any default by the Obligors under the Loan Documents; (e) release, waive, release or compromise any obligation of the Obligors Guarantor hereunder or any obligation of any nature of any other obligor primarily or secondarily obligated with respect to any of the Guaranteed Obligations; , (fd) release Agent’s Liens any security interest in, or surrender, release or permit any substitution or exchange for, all or any part of the Collateral now or hereafter any property securing any of the Guaranteed Obligations or any obligation hereunder, or extend or renew for one or more periods (whether or not longer than the original period) or release, waive, compromise, alter or exchange any obligations of any nature of any Obligor obligor with respect to any such property; property and (ge) demand resort to the Guarantor for payment or performance of any of the Guaranteed Obligations from any Obligor at any time or from time to timewhen due, whether or not Agent or any Lender has exercised any of its rights or remedies with respect holder shall have resorted to any property securing any of the Guaranteed Obligations or any obligation hereunder or shall have proceeded against any other Obligor or other Person obligor primarily or secondarily liable for payment or performance of obligated with respect to any of the Guaranteed Obligations.

Permitted Actions. Except as otherwise expressly provided by this Agreement, Agent and Lenders may from time to time, in their sole discretion and without notice to any Obligor, take any or all of the following actions: (a) retain or obtain a Liens in any assets of any Obligor or any other Person to secure any of the Obligations; (b) retain or obtain the primary or secondary obligation of any obligor or obligors, in addition to the Obligors, with respect to any of the Obligations; (c) extend or renew for one or more periods (whether or not longer than the original period), or, with the agreement of the Borrowers, alter or exchange any of the Obligations; (d) waive, ignore, or forbear from taking action or otherwise exercising any of its default rights or remedies with respect to any default by the Obligors under the Loan Documents; (e) release, waive, or compromise any obligation of the Obligors hereunder or any obligation of any nature of any other obligor primarily or secondarily obligated with respect to any of the Obligations; (f) release Agent’s Liens in, or surrender, release or permit any substitution or exchange for, all or any part of the Collateral now or hereafter securing any of the Obligations or any obligation hereunder, or extend or renew for one or more periods (whether or not longer than the original period) or release, waive, compromise, alter or exchange any obligations of any nature of any Obligor with respect to any such property; and (g) demand payment or performance of any of the Obligations from any Obligor at any time or from time to time, whether or not Agent or any Lender has exercised any of its rights or remedies with respect to any property securing any of the Obligations or any obligation hereunder or proceeded against any other Obligor or other Person primarily or secondarily liable for payment or performance of any of the Obligations.

Permitted Actions. Except as otherwise expressly provided by this AgreementAny holder may, Agent and Lenders may subject to the terms of the other Finance Documents, from time to time, in their at its sole discretion and without notice to any Obligorthe undersigned, take any or all of the following actions: (a) retain or obtain a Liens security interest in any assets of any Obligor or any other Person property to secure any of the Obligations; Liabilities or any obligation hereunder, (b) retain or obtain the primary or secondary obligation of any obligor or obligors, in addition to the Obligorsundersigned, with respect to any of the Obligations; Liabilities, (c) amend, modify or waive any provision of the USPP Note Agreement, its New Notes or any other Finance Document (as defined in the Facilities Agreement), (d) extend or renew any of the Liabilities for one or more periods (whether or not longer than the original period), or, with the agreement of the Borrowers, alter or exchange any of the Obligations; (d) waive, ignoreLiabilities, or forbear from taking action or otherwise exercising any of its default rights or remedies with respect to any default by the Obligors under the Loan Documents; (e) release, waive, release or compromise any obligation of the Obligors undersigned hereunder or any obligation of any nature of any other obligor primarily or secondarily obligated with respect to any of the Obligations; Liabilities, (fe) release Agent’s Liens any security interest in, or surrender, release or permit any substitution or exchange for, all or any part of the Collateral now or hereafter any property securing any of the Obligations Liabilities or any obligation hereunder, or extend or renew for one or more periods (whether or not longer than the original period) or release, waive, compromise, alter or exchange any obligations of any nature of any Obligor obligor with respect to any such property; property and (gf) demand resort to the undersigned for payment or performance of any of the Obligations from any Obligor at any time or from time to timeLiabilities when due, whether or not Agent or any Lender has exercised any of its rights or remedies with respect such holder shall have resorted to any property securing any of the Obligations Liabilities or any obligation hereunder or shall have proceeded against any other Obligor or other Person obligor primarily or secondarily liable for payment or performance of obligated with respect to any of the ObligationsLiabilities.