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e,F: voi F'9 ~]E~ii?4415 OF'f~ 244i~ X47 release of or change in any security, or of the occurrence or existence of any Event of Default, or of any other action taken or refrained from being taken by City against Hammons or any security or other recourse, or of any new agreement between City and Hammons, it being understood that neither City nor Hammons shall be required to give Guarantor any notice of any kind under any circumstances with respect to or in connection with the Guazanteed Obligations, any and all rights to notice Guarantor may have otherwise had being hereby waived by Guarantor, and Guarantor shall be responsible for obtaining for itself information regazding Hammons, including any changes in the business or financial condition of Hammons, and Guazantor acknowledges and agrees that City shall have no duty to notify Guazantor of any information which City may have concerning Hammons; (xii) the existence of any claim, counterclaim, set-off or other right that Guarantor may at any time have against Hammons, City, or any other Person, whether or not azising in connection with this Guaranty, the Agreement, or any other Transaction Document; (xiii) the unenforceability of all or any part of the Guaranteed Obligations against Hammons, whether because the Guazanteed Obligations exceed the amount permitted by applicable law or violate any usury law, or because the Persons creating the Guaranteed Obligations acted in excess of their authority, or because of a lack of validity or enforceability of or defect or deficiency in any of the Transaction Documents, or because Hammons has any valid defense, claim or offset with respect thereto, or because Hammons's obligation ceases to exist by operation of law, or because of any other reason or circumstance, it being agreed that Guarantor shall remain liable hereon regazdless of whether Hammons or any other Person be found not liable on the Guaranteed Obligations, or any part thereof, for any reason (and regardless of any joinder of Hammons or any other party in any action to obtain payment or performance of any or all of the Guaranteed Obligations); (xiv) any order, ruling or plan of reorganization emanating from proceedings under Title 11 of the United States Code with respect to Hammons or any other Person, including any extension, reduction, composition, or other alteration of the Guazanteed Obligations, whether or not consented to by City, or any action taken or omitted by City in any such proceedings, including any election to have City's claim allowed as being secured, partially secured or unsecured, any extension of credit by City in any such proceedings or the taking and holding by City of any security for any such extension of credit; (xv) any other condition, event, omission or action that would in the absence of this pazagraph result in the release or discharge of Guazantor from the performance or observance of any obligation, covenant or agreement contained in this Guaranty or any other agreement; (xvi) any eazly termination of any of the Guazanteed Obligations; F-7 803273 4