a single counterpart so that all signature pages are physically attached to
the same document.
SECTION 29.
SURETYSHIP WAIVERS BY PLEDGORS, ETC.
(A)
EACH PLEDGOR JOINTLY AND SEVERALLY AGREES THAT ITS OBLIGATIONS
HEREUNDER ARE IRREVOCABLE, ABSOLUTE, INDEPENDENT AND UNCONDITIONAL AND SHALL NOT
BE AFFECTED BY ANY CIRCUMSTANCE WHICH CONSTITUTES A LEGAL OR EQUITABLE DISCHARGE
OF A GUARANTOR OR SURETY OTHER THAN PAYMENT IN FULL OF THE SECURED OBLIGATIONS.
IN FURTHERANCE OF THE FOREGOING AND WITHOUT LIMITING THE GENERALITY THEREOF,
EACH PLEDGOR AGREES AS FOLLOWS:
(I) COLLATERAL AGENT MAY FROM TIME TO
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TIME, WITHOUT NOTICE OR DEMAND AND WITHOUT AFFECTING THE VALIDITY OR
ENFORCEABILITY OF THIS AGREEMENT OR GIVING RISE TO ANY LIMITATION, IMPAIRMENT OR
DISCHARGE OF SUCH PLEDGOR'S LIABILITY HEREUNDER, (A) RENEW, EXTEND, ACCELERATE
OR OTHERWISE CHANGE THE TIME, PLACE, MANNER OR TERMS OF PAYMENT OR PERFORMANCE
OF THE SECURED OBLIGATIONS, (B) SETTLE, COMPROMISE, RELEASE OR DISCHARGE, OR
ACCEPT OR REFUSE ANY OFFER OF PERFORMANCE WITH RESPECT TO, OR SUBSTITUTIONS FOR,
THE SECURED OBLIGATIONS OR ANY AGREEMENT RELATING THERETO AND/OR SUBORDINATE THE
PAYMENT OF THE SAME TO THE PAYMENT OF ANY OTHER OBLIGATIONS, (C) REQUEST AND
ACCEPT GUARANTIES OF THE SECURED OBLIGATIONS AND TAKE AND HOLD OTHER SECURITY
FOR THE PAYMENT OF THE SECURED OBLIGATIONS, (D) RELEASE, EXCHANGE, COMPROMISE,
SUBORDINATE OR MODIFY, WITH OR WITHOUT CONSIDERATION, ANY OTHER SECURITY FOR
PAYMENT OF THE SECURED OBLIGATIONS, ANY GUARANTIES OF THE SECURED OBLIGATIONS,
OR ANY OTHER OBLIGATION OF ANY PERSON WITH RESPECT TO THE SECURED OBLIGATIONS,
(E) ENFORCE AND APPLY ANY OTHER SECURITY NOW OR HEREAFTER HELD BY OR FOR THE
BENEFIT OF COLLATERAL AGENT IN RESPECT OF THE SECURED OBLIGATIONS AND DIRECT THE
ORDER OR MANNER OF SALE THEREOF, OR EXERCISE ANY OTHER RIGHT OR REMEDY THAT
COLLATERAL AGENT MAY HAVE AGAINST ANY SUCH SECURITY, AS COLLATERAL AGENT IN ITS
DISCRETION MAY DETERMINE CONSISTENT WITH THE INDENTURE AND ANY APPLICABLE
SECURITY AGREEMENT, INCLUDING FORECLOSURE ON ANY SUCH SECURITY PURSUANT TO ONE
OR MORE JUDICIAL OR NONJUDICIAL SALES, WHETHER OR NOT EVERY ASPECT OF ANY SUCH
SALE IS COMMERCIALLY REASONABLE, AND (F) EXERCISE ANY OTHER RIGHTS AVAILABLE TO
COLLATERAL AGENT UNDER THE INDENTURE, AT LAW OR IN EQUITY; AND (II) THIS
AGREEMENT AND THE OBLIGATIONS OF SUCH PLEDGOR HEREUNDER SHALL BE VALID AND
ENFORCEABLE AND SHALL NOT BE SUBJECT TO ANY LIMITATION, IMPAIRMENT OR DISCHARGE
FOR ANY REASON (OTHER THAN PAYMENT IN FULL OF THE SECURED OBLIGATIONS),
INCLUDING WITHOUT LIMITATION THE OCCURRENCE OF ANY OF THE FOLLOWING, WHETHER OR
NOT SUCH PLEDGOR SHALL HAVE HAD NOTICE OR KNOWLEDGE OF ANY OF THEM:
(A) ANY
FAILURE TO ASSERT OR ENFORCE OR AGREEMENT NOT TO ASSERT OR ENFORCE, OR THE STAY
OR ENJOINING, BY ORDER OF COURT, BY OPERATION OF LAW OR OTHERWISE, OF THE
EXERCISE OR ENFORCEMENT OF, ANY CLAIM OR DEMAND OR ANY RIGHT, POWER OR REMEDY
WITH RESPECT TO THE SECURED OBLIGATIONS OR ANY AGREEMENT RELATING THERETO, OR
WITH RESPECT TO ANY GUARANTY OF OR OTHER SECURITY FOR THE PAYMENT OF THE SECURED
OBLIGATIONS, (B) ANY WAIVER, AMENDMENT OR