Common use of Obligations Unimpaired Clause in Contracts

Obligations Unimpaired. The Guarantor authorizes the Noteholders, without notice or demand to the Guarantor and without affecting its obligations hereunder, from time to time (a) to renew, compromise, extend, accelerate or otherwise change the time for payment of, or otherwise change the terms of, all or any part of the Notes, the Note Agreement, any other Note Document or any other instrument referred to therein; (b) to take and hold security for the payment of the Notes, for the performance of this Guaranty Agreement or otherwise for the Indebtedness guaranteed hereby and to exchange, enforce, waive and release any such security; (c) to apply any such security and to direct the order or manner of sale thereof as the Noteholders in their sole discretion may determine; (d) to obtain additional or substitute endorsers or guarantors; (e) to exercise or refrain from exercising any rights against the Company and others; and (f) to apply any sums, by whomsoever paid or however realized, to the payment of the principal of, Make-Whole Amount, if any, and interest on the Notes and any other Guaranteed Obligations hereunder. The Guarantor waives any right to require the Noteholders to proceed against any additional or substitute endorsers or guarantors or to pursue or exhaust any security provided by the Company, the Guarantor or any other person or to pursue any other remedy available to such Noteholders.

Appears in 2 contracts

Samples: Parent Guaranty Agreement (Inergy L P), Limited Guaranty Agreement (Inergy L P)

AutoNDA by SimpleDocs

Obligations Unimpaired. The Each Guarantor authorizes the NoteholdersAdministrative Agent, the Lenders and the Issuing Bank without notice or demand to the any Guarantor and without affecting its the obligations of any Guarantor hereunder, from time to time (a) to renew, compromise, extend, accelerate or otherwise change the time for payment of, or otherwise change the terms of, all or any part of the Notes, the Note Agreement, any other Note Transaction Document or any other instrument referred to therein; , (b) to take and hold security for the payment and performance of the Notesobligations under any Transaction Document, for the performance of this Guaranty Agreement or otherwise for the Indebtedness indebtedness guaranteed hereby and to exchange, enforce, waive and release any such security; , (c) to apply any such security and to direct the order or manner of sale thereof as the Noteholders Administrative Agent in their its sole discretion may determine; (d) to obtain additional or substitute endorsers or guarantors; (e) to exercise or refrain from exercising any rights against the Company Borrower and others; and (f) to apply any sums, by whomsoever paid or however realized, to the payment of the principal of, Make-Whole Amountpremium, if any, and interest on the Notes obligations under the Transaction Documents and any other Guaranteed Obligations hereunderObligation. The Each Guarantor waives any right to require the Noteholders Administrative Agent, the Lenders or the Issuing Bank to proceed against any additional or substitute endorsers or guarantors or to pursue or exhaust any security provided by the CompanyBorrower, the any Guarantor or any other person Person or to pursue any other remedy available to such Noteholdersentities.

Appears in 2 contracts

Samples: Revolving Credit Facility Agreement (Lennox International Inc), Credit Facility Agreement (Lennox International Inc)

Obligations Unimpaired. The Guarantor Each of the Special Guarantors authorizes the Noteholdersholders of the Notes, without notice or demand to the such Special Guarantor and without affecting its obligations hereunder, from time to time (a) to renew, compromise, extend, accelerate or otherwise change the time for payment of, or otherwise change the terms of, all or any part of the Notes, the Note Agreement, any other Note Document Agreements or any other instrument referred to therein; , (b) to take and hold security for the payment of the Notes, for the performance of this Guaranty Agreement or otherwise for the Indebtedness indebtedness guaranteed hereby and to exchange, enforce, waive and release any such security; , (c) to apply any such security and to direct the order or manner of sale thereof as the Noteholders holders of the Notes in their sole discretion may determine; , (d) to obtain additional or substitute endorsers or guarantors; , (e) to exercise or refrain from exercising any rights against the Company and others; , and (f) to apply any sums, by whomsoever paid or however realized, to the payment of the principal of, MakeYield-Whole AmountMaintenance Amount or Breakage Cost Obligations, if any, and or interest or any other amounts due on the Notes and any other Special Guaranteed Obligations Obligation hereunder. The Guarantor Each of the Special Guarantors waives any right to require the Noteholders holders of the Notes to proceed against any additional or substitute endorsers or guarantors or to pursue or exhaust any security provided by the Company, the such Special Guarantor or any other person or to pursue any other remedy available to such Noteholdersholders.

Appears in 1 contract

Samples: Guaranty Agreement (Teppco Partners Lp)

Obligations Unimpaired. The Guarantor authorizes the Noteholderseach Beneficiary, without notice or demand to the Guarantor and without affecting its obligations hereunder, from time to time (a) to renew, compromise, extend, accelerate or otherwise change the time for payment of, or otherwise change the terms of, all or any part of the Notes, Guaranteed Obligations and the Note Agreement, any other Note Document Transaction Documents or any other instrument referred to therein; , (b) to take and hold security for the payment of the NotesGuaranteed Obligations, for the performance of the Transaction Documents, for the performance of this Guaranty Agreement or otherwise for the Indebtedness indebtedness guaranteed hereby and to exchange, enforce, waive and release any such security; , (c) to apply any such security and to direct the order or manner of sale thereof as the Noteholders in their sole discretion may determine; (d) to obtain additional or substitute endorsers or guarantors; (ed) to exercise or refrain from exercising any rights against the Company Lessee, the Parent, the Lessor, the Pass-Through Trustee, and others; and (fe) to apply any sums, by whomsoever paid or however realized, to the payment of the principal of, Make-Whole Amount, if any, and interest on the Notes and any other Guaranteed Obligations Obligation hereunder. The Guarantor waives any right to require the Noteholders any Beneficiary to proceed against the Parent or any additional or substitute endorsers or guarantors or to pursue or exhaust any security provided by the CompanyLessee, the Parent, the Lessor, the Pass-Through Trustee, the Guarantor or any other person Person or to pursue any other remedy available to such Noteholdersany Beneficiary.

Appears in 1 contract

Samples: Additional Guaranty Agreement (Txu Corp /Tx/)

Obligations Unimpaired. The Guarantor authorizes the Noteholderseach Beneficiary, without notice or demand to the Guarantor and without affecting its obligations hereunder, from time to time (a) to renew, compromise, extend, accelerate or otherwise change the time for payment of, or otherwise change the terms of, all or any part of the Notes, Guaranteed Obligations and the Note Agreement, any other Note Document Transaction Documents or any other instrument referred to therein; , (b) to take and hold security for the payment of the NotesGuaranteed Obligations, for the performance of the Transaction Documents, for the performance of this Guaranty Agreement or otherwise for the Indebtedness indebtedness guaranteed hereby and to exchange, enforce, waive and release any such security; , (c) to apply any such security and to direct the order or manner of sale thereof as the Noteholders in their sole discretion may determine; (d) to obtain additional or substitute endorsers or guarantors; (ed) to exercise or refrain from exercising any rights against the Company Lessee, the Lessor, the Pass-Through Trustee, and others; and (fe) to apply any sums, by whomsoever paid or however realized, to the payment of the principal of, Make-Whole Amount, if any, and interest on the Notes and any other Guaranteed Obligations Obligation hereunder. The Guarantor waives any right to require the Noteholders any Beneficiary to proceed against any additional or substitute endorsers or guarantors or to pursue or exhaust any security provided by the CompanyLessee, the Lessor, the Pass-Through Trustee, the Guarantor or any other person Person or to pursue any other remedy available to such Noteholdersany Beneficiary.

Appears in 1 contract

Samples: Guaranty Agreement (Txu Corp /Tx/)

AutoNDA by SimpleDocs

Obligations Unimpaired. The Each Subsidiary Guarantor authorizes the Noteholdersholders of the Notes, without notice or demand to the such Subsidiary Guarantor and without affecting its obligations hereunder, from time to time (a) to renew, compromise, extend, accelerate or otherwise change the time for payment of, or otherwise change the terms of, all or any part of the Notes, the Note Agreement, any other Note Document Purchase Agreement or any other instrument referred to therein; therein or to issue Shelf Notes, (b) to take and hold security for the payment of the Notes, for the performance of this Subsidiary Guaranty Agreement or otherwise for the Indebtedness obligations guaranteed hereby and to exchange, enforce, waive and release any such security; , (c) to apply any such security and to direct the order or manner of sale thereof as the Noteholders they in their sole discretion may determine; (d) to obtain additional or substitute endorsers or guarantors; (e) to exercise or refrain from exercising any rights against the Company Company, any other guarantor of the Guaranteed Obligations and others; and (f) to apply any sums, by whomsoever paid or however realized, to the payment of the principal of, Make-Whole Amount, if any, and interest on the Notes and any other Guaranteed Obligations Obligation hereunder. The Each Subsidiary Guarantor waives any right to require the Noteholders holders to proceed against any additional or substitute endorsers or guarantors or to pursue or exhaust any security provided by the Company, the such Subsidiary Guarantor or any other person Person or to pursue any other remedy available to such Noteholdersholders.

Appears in 1 contract

Samples: Guaranty Agreement (Schneider National, Inc.)

Obligations Unimpaired. The Guarantor Each of the Subsidiary Guarantors authorizes the NoteholdersPurchasers and the holders of the Notes and the other Guaranteed Obligations, without notice or demand to the Guarantor Subsidiary Guarantors and without affecting its obligations liability hereunder, from time to time (a) to renew, compromise, extend, accelerate or otherwise change the time for payment of, or otherwise change the terms of, all or any part of the Notes, the Note Agreement, any other Note Document or any other instrument referred to thereinGuaranteed Obligations; (b) to take and hold security for the payment of the NotesNotes and the other Guaranteed Obligations, for the performance of this Guaranty Agreement Subsidiary Guarantee or otherwise for the Indebtedness guaranteed hereby Guaranteed Obligations and to exchange, enforce, waive and release any such security; (c) to apply any such security and to direct the order or manner of sale thereof as the Noteholders Purchasers and such holders in their sole discretion may determine; (d) to obtain additional or substitute endorsers or guarantors; (e) to exercise or refrain from exercising any rights against the Company and or others; and (f) to apply any sums, by whomsoever paid or however realized, to the payment of the principal of, Make-Whole Amountpremium, if any, any and interest on the Notes and any other Guaranteed Obligations obligation hereunder. The Guarantor Each of the Subsidiary Guarantors waives any right to require the Noteholders Purchasers and the holders of the Notes to proceed against any additional or substitute endorsers or guarantors or to pursue or exhaust any security provided by the Company, the Guarantor Subsidiary Guarantors or any other person Person or to pursue any other remedy available to the Purchasers or to such Noteholdersholders.

Appears in 1 contract

Samples: Securities Purchase Agreement (Decrane Aircraft Holdings Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.