Common use of Consent to Modifications Clause in Contracts

Consent to Modifications. (a) Each Guarantor hereby authorizes Lender, without notice or demand and without affecting their liability hereunder, from time to time to: (i) renew, compromise, extend, accelerate or otherwise change the time for payment or the terms of any of the Guarantied Obligations, or any part thereof, including increasing or decreasing the rate of interest thereof; (ii) take and hold security for the payment of the Guarantied Obligations guaranteed hereby, and exchange, enforce, waive and release any such security; (iii) apply such security and direct the order or manner of sale thereof as Lender in its discretion may determine; (iv) release or substitute any one or more endorser(s) or guarantor(s); and (v) assign, without notice, this Guaranty in whole or in part and Lender’s rights hereunder to anyone at any time. (b) Each Guarantor agrees that Lender may do any or all of the foregoing in such manner, upon such terms, and at such times as Lender, in its discretion, deems advisable, without, in any way or respect, impairing, affecting, reducing or releasing any Guarantor from his undertakings hereunder and each Guarantor hereby consents to each and all of the foregoing acts, events and occurrences. (c) Each Guarantor further agrees that this Guaranty shall not be impaired by any modification, supplement, extension or amendment of any contract or agreement to which Lender and Borrower may hereafter agree, including the Loan Agreement, nor by any modification, release or other alteration of any of the Guarantied Obligations hereby guaranteed or of any security therefor, nor by any agreements or arrangements whatsoever with Borrower or anyone else.

Consent to Modifications. (a) Each Guarantor hereby authorizes LenderFidelity, without notice or demand and without affecting their its liability hereunder, from time to time to: : (ia) renew, compromise, extend, accelerate or otherwise change the time for payment or the terms of any of the Guarantied Obligations, or any part thereof, including including, without limitation, increasing or decreasing the rate of interest thereof; thereof or the amount of indebtedness thereunder; (iib) take and hold security for the payment of the Guarantied Obligations guaranteed hereby, and exchange, enforce, waive and release any such security; ; (iiic) apply such security and direct the order or manner of sale thereof as Lender Fidelity in its discretion may determine; ; (ivd) release or substitute any one or more endorser(s) endorsers or guarantor(s)guarantors of all or any part of the Obligations; and and (ve) assign, without notice, this Guaranty in whole or in part and Lender’s Fidelity's rights hereunder to anyone at any time. (b) Each . Fidelity agrees to use its best efforts to notify Guarantor in advance of taking any of the foregoing actions, but the failure to so notify Guarantor shall not, in any way or respect, impair, diminish, reduce or release Guarantor's obligation hereunder. Guarantor agrees that Lender Fidelity may do any or all of the foregoing in such manner, upon such terms, and at such times as LenderFidelity, in its discretion, deems advisable, without, in any way or respect, impairing, affectingeffecting, reducing or releasing any Guarantor from his its undertakings hereunder hereunder, and each Guarantor hereby consents to each and all of the foregoing acts, events and occurrences. (c) Each Guarantor further agrees that this Guaranty shall not be impaired by any modification, supplement, extension or amendment of any contract or agreement to which Lender and Borrower may hereafter agree, including the Loan Agreement, nor by any modification, release or other alteration of any of the Guarantied Obligations hereby guaranteed or of any security therefor, nor by any agreements or arrangements whatsoever with Borrower or anyone else.

Consent to Modifications. (a) Each Guarantor hereby authorizes LenderGBCC, without notice or demand and without affecting their its liability hereunder, from time to time to: : (ia) renew, compromise, forbear, extend, accelerate or otherwise change the time for payment or the terms of any of the Guarantied Obligations, or any part thereof, including including, without limitation, increasing or decreasing the rate of interest thereof; thereof or the amount of indebtedness thereunder; (iib) take and hold security security, guaranties, or other assurances of payment for the payment of the Guarantied Obligations guaranteed hereby, and exchange, enforce, waive and release any such security; ; (iiic) apply such security and direct the order or manner of sale thereof as Lender GBCC in its discretion may determine; ; (ivd) release or substitute any one or more endorser(s) endorsers or guarantor(s)guarantors of all or any part of the Obligations; and and (ve) assign, without notice, this Guaranty in whole or in part and Lender’s GBCC's rights hereunder to anyone at any time. (b) Each . Guarantor agrees that Lender GBCC may do any or all of the foregoing in such manner, upon such terms, and at such times as LenderGBCC, in its discretion, deems advisable, without, in any way or respect, impairing, affectingeffecting, reducing or releasing any Guarantor from his its undertakings hereunder hereunder, and each Guarantor hereby consents to each and all of the foregoing acts, events and occurrences. (c) Each Guarantor further agrees that this Guaranty shall not be impaired by any modification, supplement, extension or amendment of any contract or agreement to which Lender and Borrower may hereafter agree, including the Loan Agreement, nor by any modification, release or other alteration of any of the Guarantied Obligations hereby guaranteed or of any security therefor, nor by any agreements or arrangements whatsoever with Borrower or anyone else.