Common use of Subsequent Acts Clause in Contracts

Subsequent Acts. Without notice to, consideration to, or the consent of, Guarantor: (a) the Lease, and Tenant’s rights and obligations thereunder, may be modified, amended, renewed, assigned or sublet; (b) any additional parties who are or may become liable for the Guaranteed Obligations may hereafter be released from their liability hereunder and thereon; and/or (c) Landlord may take, or delay in taking or refuse to take, any and all action with reference to the Lease (regardless of whether same might vary the risk or alter the rights, remedies or recourse of Guarantor), including specifically the settlement or compromise of any amount allegedly due thereunder. No such acts shall in any way release, diminish, or affect the absolute nature of Guarantor’s obligations and liabilities hereunder. Guarantor’s obligations and liabilities under this Guaranty are primary, absolute and unconditional under any and all circumstances and until the Guaranteed Obligations are fully and finally satisfied, such obligations and liabilities shall not be discharged or released, in whole or in part, by any act or occurrence which might, but for this Section 6, be deemed a legal or equitable discharge or release of Guarantor.

Subsequent Acts. Without notice to, consideration to, or the consent of, any Guarantor: (a) the LeaseLoan Documents, and TenantBorrower’s rights and obligations thereunder, may be modified, amended, renewed, assigned extended or subletincreased; (b) any additional parties who are or may become liable for the Guaranteed Obligations may hereafter be released from their liability hereunder and thereon; and/or (c) Landlord Lender may take, or delay in taking or refuse to take, any and all action with reference to the Lease Loan Documents (regardless of whether the same might vary the risk or alter the rights, remedies or recourse of Guarantor), including specifically the settlement or compromise of any amount allegedly due thereunder. No such acts shall in any way release, diminish, or affect the absolute nature of Guarantor’s obligations and liabilities hereunder. Guarantor’s obligations and liabilities under this Guaranty are primary, absolute and unconditional unconditional, under any and all circumstances and until the Guaranteed Obligations are fully and finally satisfied, such obligations and liabilities shall not be discharged or released, in whole or in part, by any act or occurrence which might, but for this Section 67, be deemed a legal or equitable discharge or release of Guarantor.