Except as otherwise expressly provided herein, each Borrower hereby severally and unconditionally: (a) waives notice of due diligence, demand, presentment and protest and any notices thereof as well as notice of nonpayment, (b) waives notice of and consents to (i) extensions of time of payment of any Obligation, (ii) change in or taking of or release of Collateral or guarantees, (iii) settlement, compromise or release of, or waiver of, an Event of Default, and (iv) any other act, event or condition that may constitute a defense to the obligation of a surety or guarantor, and (c) waives all statutory, contractual, equitable and other claims against Lender for subrogation, reimbursement, exoneration, contribution, indemnification, setoff, marshalling, or other recourse in respect of sums paid or payable to Lender by Borrowers hereunder. No delay or omission of Lender to exercise any right or remedy hereunder, whether before or after the happening of any Event of Default, shall impair any such right or shall operate as a waiver thereof or as a waiver of any such Event of Default. No single or partial exercise by Lender of any right or remedy shall preclude any other or further exercise thereof, or preclude any other right or remedy.