Common use of Affirmation of Existing Loan Documents Clause in Contracts

Affirmation of Existing Loan Documents. Except as expressly modified by this Agreement or the Memorandum, each and every covenant, warranty and other provision of the Note and the other Existing Loan Documents is hereby ratified and reaffirmed (as though restated in this Agreement as of the date hereof) and shall remain in full force and effect. This Agreement is not intended and shall in no way act as a novation of the Loan or a release, relinquishment, alteration or reissue of the liens and security interests securing the payment of the Note.

Appears in 5 contracts

Samples: Loan Modification Agreement, Loan Modification Agreement (Reven Housing REIT, Inc.), Loan Modification Agreement (Reven Housing REIT, Inc.)

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