Common use of Termination, Modification and Amendment Clause in Contracts

Termination, Modification and Amendment. This Guaranty may be terminated as to a Guarantor by written notice to CompuDyne, effective no earlier than the effective date of expiration or earlier termination of the Agreement. Such expiration or earlier termination will not affect the liability of such Guarantor for any Obligations created, incurred, or arising in any manner prior to the effective date of such termination, or to indemnification or other obligations which survive termination. This Guaranty cannot be waived, abandoned, released, amended, or modified in any way (other than a termination as set forth above), except by a specific written instrument signed by CompuDyne. This Guaranty shall not be deemed terminated, voided or waived if the Agreement is amended by the parties, and each Guarantor will be responsible for its Pro-Rata Percentage in the obligations of Purchaser under the amended Agreement.