Consent to Relief. In the event of any breach of the Loan Documents or any of the Borrower’s and the Borrower Affiliates’ agreements or acknowledgements under this Limited Waiver, then, to the extent that the Lender establishes before a court of appropriate jurisdiction that any of the foregoing has occurred, the Borrower and the Borrower Affiliates consent to injunctive relief, including, but not limited to, the appointment of a receiver for the benefit of the Lender, in order to enforce the terms of this Limited Waiver and the Loan Documents and to effect the remedies sought herein and under applicable law.
Appears in 5 contracts
Samples: Construction Loan Agreement (Sammons Enterprises, Inc.), Construction Loan Agreement (Sammons Enterprises, Inc.), Construction Loan Agreement (North American Technologies Group Inc /Tx/)
Consent to Relief. In the event of any breach of the Loan Documents Documents, Conditions Precedent, the Conditions Subsequent or any of the Borrower’s and the Borrower Affiliates’ agreements or acknowledgements under Additional Agreements set forth in this Limited WaiverAgreement, then, to the extent that the Lender establishes before a court of appropriate jurisdiction that any of the foregoing has occurred, the Borrower and the Borrower Affiliates consent to injunctive relief, including, but not limited to, the appointment of a receiver for the benefit of the Lender, in order to enforce the terms of this Limited Waiver Agreement and the Loan Documents and to effect the remedies sought herein and under applicable law.
Appears in 1 contract
Samples: Construction Loan Agreement (North American Technologies Group Inc /Mi/)