Common use of Actions by the Collateral Agent Clause in Contracts

Actions by the Collateral Agent. The lien, security interest and other security rights of the Collateral Agent and Lenders hereunder shall not be impaired by any indulgence, moratorium or release granted by the Collateral Agent (except as provided in Section 6.1), including but not limited to (a) any renewal, extension, increase or modification which the Collateral Agent or any Lender may grant with respect to any Secured Indebtedness, (b) any surrender, compromise, release, renewal, extension, exchange or substitution which the Collateral Agent or any Lender may grant in respect of the Property, or any part thereof or any interest therein (except to the extent specifically surrendered, compromised, released, renewed, extended, exchanged or substituted), or (c) any release or indulgence granted to any endorser, guarantor or surety of any Secured Indebtedness. The taking of additional security by the Collateral Agent or any Lender shall not release or impair the lien, security interest or other security rights of the Collateral Agent hereunder or affect the liability of Grantor or of any endorser or guarantor or other surety or improve the right of any permitted junior lienholder in the Property.