Common use of Obligations not discharged Clause in Contracts

Obligations not discharged. The obligations of the Borrower under this Agreement shall not be discharged except by performance and then only to the extent of such performance. Such obligations shall not be impaired by: (a) any extension of time, forbearance, concession or other indulgence given to the Guarantor, the Agent, the LENDERS or any other Person (including the Borrower); (b) any variation of the Guarantee Agreement (except one which would materially increase the obligations of the Borrower under this Agreement), the Loan Agreement, the General Agency Agreement or any other related agreement or document; (c) the exercise (or non-exercise) by the Guarantor of any discretion under the Guarantee Agreement or any breach by the LENDERS or the Agent of any of their respective obligations under any of the Loan Agreement, the Guarantee Agreement or the General Agency Agreement or any other related agreement or document; or (d) any other circumstances which would or might (but for this provision) constitute a discharge or defense of the Borrower.