Common use of Releases, Extensions, Modifications and Additional Security Clause in Contracts

Releases, Extensions, Modifications and Additional Security. Without notice to or the consent, approval or agreement of any persons or entities having any interest at any time in the Property or in any manner obligated under the Obligations (“Interested Parties”), Lender may, from time to time: (a) fully or partially release any person or entity from liability for the payment or performance of any Obligation; (b) extend the maturity of any Obligation; (c) make any agreement with Borrower increasing the amount or otherwise altering the terms of any Obligation; (d) accept additional security for any Obligation; or (e) release all or any portion of the Property, Collateral and other security for any Obligation. None of the foregoing actions shall release or reduce the personal liability of any of said Interested Parties.