The obligations of the Guarantor under this deed in respect of the Agreement are principal obligations and are not released, discharged or otherwise affected by anything which but for this provision might have that effect, including:
(a) the grant to any person of any time, concession, waiver, covenant not to sue or other indulgence or release;
(b) any arrangement made between the Principal and the relevant Non-Owner Participant;
(c) any alteration, amendment or variation of the Agreement; or
(d) any assignment, novation, assumption or transfer of, or other dealing with, any rights or obligations under the Agreement.