OBLIGATIONS
BUT WITHOUT AFFECTING, IMPAIRING OR LIMITING IN ANY MANNER THE LIABILITY OF THE
OBLIGEE GUARANTOR UNDER ANY OTHER PROVISION HEREOF.
7.8
CONTINUING GUARANTY.
TO THE FULLEST EXTENT
PERMITTED UNDER APPLICABLE LAW, THIS GUARANTY IS A CONTINUING GUARANTY AND SHALL
REMAIN IN EFFECT UNTIL ALL OF THE GUARANTEED OBLIGATIONS SHALL HAVE BEEN PAID IN
FULL.
TO THE FULLEST EXTENT PERMITTED UNDER APPLICABLE LAW, EACH GUARANTOR
HEREBY IRREVOCABLY WAIVES ANY RIGHT TO REVOKE THIS GUARANTY AS TO FUTURE
TRANSACTIONS GIVING RISE TO ANY GUARANTEED OBLIGATIONS.
7.9
AUTHORITY OF GUARANTORS.
IT IS NOT
NECESSARY FOR ANY SECURED PARTY TO INQUIRE INTO THE CAPACITY OR POWERS OF ANY
GUARANTOR OR THE OFFICERS, DIRECTORS OR ANY AGENTS ACTING OR PURPORTING TO ACT
ON BEHALF OF ANY OF THEM.
7.10
FINANCIAL CONDITION OF THE BORROWER.
ANY CREDIT
EXTENSION MAY BE MADE TO THE BORROWER OR CONTINUED FROM TIME TO TIME, AND ANY
RELATED OBLIGATION DOCUMENTS MAY BE ENTERED INTO FROM TIME TO TIME, IN EACH CASE
WITHOUT NOTICE TO OR AUTHORIZATION FROM ANY GUARANTOR REGARDLESS OF THE
FINANCIAL OR OTHER CONDITION OF THE BORROWER AT THE TIME OF ANY SUCH GRANT OR
CONTINUATION OR AT THE TIME SUCH RELATED OBLIGATION DOCUMENT IS ENTERED INTO, AS
THE CASE MAY BE.
NO SECURED PARTY SHALL HAVE ANY OBLIGATION TO DISCLOSE OR
DISCUSS WITH ANY GUARANTOR ITS ASSESSMENT, OR ANY GUARANTOR'S ASSESSMENT, OF THE
FINANCIAL CONDITION OF THE BORROWER.
EACH GUARANTOR HAS ADEQUATE MEANS TO
OBTAIN INFORMATION FROM THE BORROWER ON A CONTINUING BASIS CONCERNING THE
FINANCIAL CONDITION OF THE BORROWER AND ITS ABILITY TO PERFORM
87
ITS OBLIGATIONS UNDER THE CREDIT DOCUMENTS AND THE RELATED OBLIGATION DOCUMENTS,
AND EACH GUARANTOR ASSUMES THE RESPONSIBILITY FOR BEING AND KEEPING INFORMED OF
THE FINANCIAL CONDITION OF THE BORROWER AND OF ALL CIRCUMSTANCES BEARING UPON
THE RISK OF NONPAYMENT OF THE GUARANTEED OBLIGATIONS.
EACH GUARANTOR HEREBY
WAIVES AND RELINQUISHES ANY DUTY ON THE PART OF ANY SECURED PARTY TO DISCLOSE
ANY MATTER, FACT OR THING RELATING TO THE BUSINESS, OPERATIONS OR CONDITIONS OF
THE BORROWER NOW KNOWN OR HEREAFTER KNOWN BY ANY SECURED PARTY.
IN THE EVENT
ANY SECURED PARTY, IN ITS SOLE DISCRETION, UNDERTAKES AT ANY TIME OR FROM TIME
TO TIME TO PROVIDE ANY SUCH INFORMATION TO ANY GUARANTOR, SUCH SECURED PARTY
SHALL BE UNDER NO OBLIGATION (A) TO UNDERTAKE ANY INVESTIGATION NOT A PART OF
ITS REGULAR BUSINESS ROUTINE, (B) TO DISCLOSE ANY INFORMATION THAT SUCH SECURED
PARTY, PURSUANT TO ACCEPTED OR REASONABLE COMMERCIAL FINANCE OR BANKING
PRACTICES, WISHES TO MAINTAIN CONFIDENTIAL OR (C) TO MAKE ANY OTHER OR FUTURE
DISCLOSURES OF SUCH INFORMATION OR ANY OTHER INFORMATION TO ANY GUARANTOR.
7.11
DEFAULT, REMEDIES.
THE OBLIGATIONS OF EACH
GUARANTOR HEREUNDER ARE INDEPENDENT OF AND SEPARATE FROM GUARANTEED
OBLIGATIONS.
IF ANY OBLIGATION OF THE BORROWER IS NOT PAID WHEN DUE, OR UPON
ANY EVENT OF DEFAULT HEREUNDER OR UPON ANY DEFAULT BY THE BORROWER AS PROVIDED
IN ANY OTHER CREDIT DOCUMENT OR RELATED OBLIGATION DOCUMENT, THE ADMINISTRATIVE
AGENT MAY, AT ITS SOLE ELECTION, PROCEED DIRECTLY AND AT ONCE,