Common use of Your Authority Clause in Contracts

Your Authority. You may from time to time without notice to us and/or without our consent and upon such terms and conditions as you may deem advisable without affecting this Guaranty: (a) release Borrower, any maker, guarantor, surety or other person liable for payment of all or any part of the Obligations; (b) make any agreement extending or otherwise altering the time for or the terms of payment of all or any part of the Obligations; (c) modify, waive, forbear, compromise, release, subordinate, resort to, exercise or refrain from exercising any right you may have hereunder, or under any of the Loan Documents; (d) accept or decline additional security or guarantees of any kind; (e) endorse, transfer or assign the Note or any other security to any other party; (f) accept partial payment or payments on account of the Obligations; (g) make further or additional loans or give or extend credit to or for the benefit of Borrower; (h) release, settle or compromise any of your claims against Borrower or any other person, firm, corporation, guarantor, or account debtor whose obligation is held by you as collateral security for the Obligations; (i) release or substitute collateral, guaranties or guarantors; and/or (j) amend the Loan Agreement by accepting any new Receivables Loan Rider, Inventory Loan Rider or Term Loan Rider, whether or not such amendment increases the likelihood of our liability under this Guaranty.

Your Authority. You may from time to time without notice to us and/or without our consent and upon such terms and conditions as you may deem advisable without affecting this GuarantyGuarantee: (a) release Borrowerthe Seller, any maker, guarantor, surety or other person liable for payment of all or any part of the Obligations; (b) make any agreement extending or otherwise altering the time for or the terms of payment of all or any part of the Obligations; (c) modify, waive, forbear, compromise, release, subordinate, resort to, exercise or refrain from exercising any right you may have hereunder, or under any of the Loan DocumentsFinance Facilities; (d) accept or decline additional security or guarantees of any kind; (e) endorse, transfer or assign the Note any promissory note or any other security to any other party; (f) accept partial payment or payments on account of the Obligations; (g) make further or additional loans or give or extend credit to or for the benefit of Borrowerthe Seller; (h) release, settle or compromise any of your claims against Borrower the Seller or any other person, firm, corporation, guarantor, or account debtor whose obligation is held by you as collateral security for the Obligations; (i) release or substitute collateral, guaranties or guarantors; and/or (j) amend the Loan Agreement by accepting any new Receivables Loan Rider, Inventory Loan Rider or Term Loan RiderFinance Facilities, whether or not such amendment increases the likelihood of our liability under this GuarantyGuarantee.

Your Authority. You may from time to time without notice to us and/or without our consent and upon such terms and conditions as you may deem advisable without affecting this Guaranty: (a) release Borrower, any maker, guarantor, surety or other person liable for payment of all or any part of the Guaranty Obligations; (b) make any agreement extending or otherwise altering the time for or the terms of payment of all or any part of the Guaranty Obligations; (c) modify, waive, forbear, compromise, release, subordinate, resort to, exercise or refrain from exercising any right you may have hereunder, or under any of the Loan Transaction Documents; (d) accept or decline additional security or guarantees of any kind; (e) endorse, transfer or assign the Note or any other security to any other party; (f) accept partial payment or payments on account of the Guaranty Obligations; (g) make further or additional loans or give or extend further or additional credit to or for the benefit of Borrower; (h) release, settle or compromise any of your claims against Borrower or any other person, firm, corporation, guarantor, or account debtor whose obligation is held by you as collateral security for the Guaranty Obligations; (i) release or substitute collateral, guaranties or guarantors; and/or (j) amend the Loan Agreement by accepting any new Receivables Loan Rider, Inventory Loan Rider or Term Loan Rider, whether or not such amendment increases the likelihood of our liability under this Guaranty.

Your Authority. You may from time to time without notice to us and/or without our consent and upon such terms and conditions as you may deem advisable without affecting this Guaranty: (a) release Borrowerany Credit Party, any maker, guarantor, surety or other person liable for payment of all or any part of the Obligations; (b) make any agreement extending or otherwise altering the time for or the terms of payment of all or any part of the Obligations; (c) modify, waive, forbear, compromise, release, subordinate, resort to, exercise or refrain from exercising any right you may have hereunder, or under any of the Loan Documents; (d) accept or decline additional security or guarantees of any kind; (e) endorse, transfer or assign the Note or any other security to any other party; (f) accept partial payment or payments on account of the Obligations; (g) make further or additional loans or give or extend further or additional credit to or for the benefit of Borrowerany Credit Party; (h) release, settle or compromise any of your claims against Borrower any Credit Party or any other person, firm, corporation, guarantor, or account debtor whose obligation is held by you as collateral security for the Obligations; (i) release or substitute collateral, guaranties or guarantors; and/or (j) amend the Loan Agreement by accepting any new Receivables Loan Rider, Inventory Loan Rider or Term Loan Rider, whether or not such amendment increases the likelihood of our liability under this Guaranty.