Transactions with Others. Lenders may (1) extend time for payment or other performance, (2) grant a renewal or change in terms or conditions, or (3) compromise, compound or release any obligation, with any one or more Obligors or endorsers as Lenders deem advisable, without obtaining the prior written consent of Grantor, and no such act or failure to act shall affect Lenders’ rights against Grantor or the Collateral.
Appears in 3 contracts
Samples: Pledge Agreement, Commercial Pledge Agreement (Shepherd's Finance, LLC), Commercial Pledge Agreement (Shepherd's Finance, LLC)
Transactions with Others. Lenders may (1) extend time for payment or other performance, (2) grant a renewal or change in terms or conditions, or (3) compromise, compound or release any obligation, with any one or more Obligors or endorsers of the Indebtedness as Lenders deem deems advisable, without obtaining the prior written consent of Grantor, and no such act or failure to act shall affect Lenders’ ' rights against Grantor or the Collateral.
Appears in 2 contracts
Samples: Intercreditor Agreement (Windsortech Inc), Intercreditor Agreement (Windsortech Inc)
Transactions with Others. Lenders may (1i) extend time for payment or other performance, (2ii) grant a renewal or change in terms or conditions, or (3iii) compromise, compound or release any obligation, with the Grantor, endorsers or any one or more Obligors or endorsers guarantor of the Indebtedness as Lenders deem advisable, without obtaining the prior written consent of the Grantor, and no such act or failure to act shall affect Lenders’ ' rights against the Grantor or the Collateral.
Appears in 1 contract
Samples: Security Agreement (Zymetx Inc)
