Common use of Obligations Unimpaired Clause in Contracts

Obligations Unimpaired. Each Guarantor authorizes the holders of the Notes, without notice or demand to any 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 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 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, Yield-Maintenance Amount, if any, and interest on the Notes and any other Guaranteed Obligation hereunder. Each Guarantor waives any right to require 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, any Guarantor or any other person or to pursue any other remedy available to such holders.

Appears in 2 contracts

Samples: Guaranty Agreement (Quaker Fabric Corp /De/), Execution Copy Guaranty Agreement (Quaker Fabric Corp /De/)

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Obligations Unimpaired. Each The Guarantor authorizes the holders of the Notes, without notice or demand to any 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 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 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 others; and (f) to apply any sums, by whomsoever paid or however realized, to the payment of the principal of, Yield-Maintenance Amount, if any, and interest on the Notes and any other Guaranteed Obligation hereunder. Each The Guarantor waives any right to require 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, any the Guarantor or any other person or to pursue any other remedy available to such holders.

Appears in 1 contract

Samples: Guaranty Agreement (Quaker Fabric Corp /De/)

Obligations Unimpaired. Each Guarantor of the Guarantors authorizes the holders of the Notes, without notice or demand to any such 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 Shelf Agreement 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 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 others; and (f) to apply any sums, by whomsoever paid or however realized, to the payment of the principal of, Yield-Maintenance AmountAmount or Breakage Cost Obligations, if any, and or interest or any other amounts due on the Notes and any other Guaranteed Obligation hereunder. Each Guarantor of the Guarantors waives any right to require 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, any such Guarantor or any other person or to pursue any other remedy available to such holders.

Appears in 1 contract

Samples: Guaranty Agreement (Teppco Partners Lp)

Obligations Unimpaired. Each Guarantor authorizes the holders of the NotesNoteholders, without notice or demand to any such 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 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 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 holders of the Notes 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 others; and (f) to apply any sums, by whomsoever paid or however realized, to the payment of the principal of, YieldMake-Maintenance Whole Amount, if any, and interest on the Notes and any other Guaranteed Obligation Obligations hereunder. Each Guarantor waives any right to require the holders of the Notes Noteholders to proceed against any additional or substitute endorsers or guarantors or to pursue or exhaust any security provided by the Company, any such Guarantor or any other person or to pursue any other remedy available to such holdersNoteholders.

Appears in 1 contract

Samples: Subsidiary Guaranty Agreement (Inergy L P)

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Obligations Unimpaired. Each The Guarantor authorizes the holders of the Notes, without notice or demand to any 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 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 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 holders of the Notes 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 and others others; and (f) to apply any sums, by whomsoever paid or however realized, to the payment of the principal of, YieldMake-Maintenance Whole Amount, if any, and interest on the Notes and any other Guaranteed Obligation hereunder. Each The Guarantor waives any right to require the holders of the Notes to proceed against any additional or substitute endorsers or guarantors or to pursue or exhaust any security provided by -3- the Company, any the Guarantor or any other person Person or to pursue any other remedy available to such holders.

Appears in 1 contract

Samples: Guaranty Agreement (Schneider National, Inc.)

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