Common use of Consents and Releases Clause in Contracts

Consents and Releases. Guarantor hereby consents and agrees that Lender may at any time, and from time to time, without notice to or further consent from Guarantor and either with or without consideration do any one or more of the following, all without affecting the agreements contained herein or the liability of Guarantor for the Retained Liabilities: (a) surrender without substitution any property or other collateral of any kind or nature whatsoever held by it, or by any person, firm or corporation on its behalf or for its account, securing the Loan or the Retained Liabilities; (b) modify the terms of any document evidencing, securing or setting forth the terms of the Loan; (c) grant releases, compromises and indulgences with respect to the Loan or the Retained Liabilities or any persons or entities now or hereafter liable thereon; (d) take or fail to take any action of any type whatsoever with respect to the Loan or the Retained Liabilities; or I release any other Guarantor hereunder. To the maximum extent permitted by Law, Guarantor knowingly, voluntarily and intentionally agrees to be bound, just as Borrower is bound, by the provisions of Article 3 of the Loan Agreement (solely with respect to providing financial information with respect to itself) and Article 10 of the Loan Agreement, including the waiver of the right to a trial by jury in Section 10.2, and the consents to jurisdiction and the governing law of Illinois set forth in Sections 10.3, and 10.4, respectively and any other term or provision of the Loan Documents expressly requiring Guarantor’s compliance therewith.

Appears in 1 contract

Samples: Loan Agreement (Trade Street Residential, Inc.)

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Consents and Releases. Each Net Worth Guarantor hereby consents and agrees that Lender may at any time, and from time to time, without notice to or further consent from any Net Worth Guarantor and either with or without consideration do any one or more of the following, all without affecting the agreements contained herein or the liability of any Net Worth Guarantor for the Retained Liabilities: (a) surrender without substitution any property or other collateral of any kind or nature whatsoever held by it, or by any person, firm or corporation on its behalf or for its account, securing the Loan or the Retained Liabilities; (b) modify the terms of any document evidencing, securing or setting forth the terms of the Loan; (c) grant releases, compromises and indulgences with respect to the Loan or the Retained Liabilities or any persons or entities now or hereafter liable thereon; or (d) take or fail to take any action of any type whatsoever with respect to the Loan or the Retained Liabilities; or I (e) release any other Net Worth Guarantor hereunder; or (f) enforce this Supplemental Limited Joinder in separate actions against one or more of the Net Worth Guarantors, or by an action against some or all of the Net Worth Guarantors, or any combination of the foregoing. To the maximum extent permitted by Lawlaw, each Net Worth Guarantor knowingly, voluntarily and intentionally agrees to be bound, just as Borrower is bound, bound by the provisions of Article 3 of the Loan Agreement (solely with respect to providing financial information with respect to itselfthemselves), Section 4.2(m) of the Loan Agreement and Article 10 11 of the Loan Agreement, including including, without limitation, the waiver of the right to a trial by jury in Section 10.211.2, and the consents to jurisdiction and the governing law of Illinois set forth in Sections 10.311.3, and 10.411.4, respectively and any other term or provision of the Loan Documents expressly requiring Guarantor’s compliance therewithrespectively.

Appears in 1 contract

Samples: Hersha Hospitality Trust

Consents and Releases. Guarantor hereby consents and agrees that Lender may at any time, and from time to time, without notice to or further consent from Guarantor and either with or without consideration do any one or more of the following, all without affecting the agreements contained herein or the liability of Guarantor for the Retained Liabilities: (a) surrender without substitution any property or other collateral of any kind or nature whatsoever held by it, or by any person, firm or corporation on its behalf or for its account, securing the Loan or the Retained Liabilities; (b) modify the terms of any document evidencing, securing or setting forth the terms of the Loan; (c) grant releases, compromises and indulgences with respect to the Loan or the Retained Liabilities or any persons or entities now or hereafter liable thereon; (d) take or fail to take any action of any type whatsoever with respect to the Loan or the Retained Liabilities; or I (e) release any other Guarantor hereunder. To the maximum extent permitted by Law, Guarantor knowingly, voluntarily and intentionally agrees to be bound, just as Borrower is bound, by the provisions of Article 3 of the Loan Agreement (solely with respect to providing financial information with respect to itself) and Article 10 of the Loan Agreement, including the waiver of the right to a trial by jury in Section 10.2, and the consents to jurisdiction and the governing law of Illinois set forth in Sections 10.3, and 10.4, respectively and any other term or provision of the Loan Documents expressly requiring Guarantor’s 's compliance therewith.

Appears in 1 contract

Samples: Loan Agreement (Trade Street Residential, Inc.)

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Consents and Releases. Each Guarantor hereby consents and agrees that Lender may at any time, and from time to time, without notice to or further consent from any Guarantor and either with or without consideration do any one or more of the following, all without affecting the agreements contained herein or the liability of any Guarantor for the Retained Liabilities: (a) surrender without substitution any property or other collateral of any kind or nature whatsoever held by it, or by any person, firm or corporation on its behalf or for its account, securing the Loan or the Retained Liabilities; (b) modify the terms of any document evidencing, securing or setting forth the terms of the Loan; (c) grant releases, compromises and indulgences with respect to the Loan or the Retained Liabilities or any persons or entities now or hereafter liable thereon; (d) take or fail to take any action of any type whatsoever with respect to the Loan or the Retained Liabilities; (e) enforce this Limited Joinder in separate actions against one or I more of the Guarantors, or by an action against some or all of the Guarantors, or any combination of the foregoing; or (f) release any other Guarantor hereunder. To the maximum extent permitted by Law, each Guarantor knowingly, voluntarily and intentionally agrees to be bound, just as Borrower is bound, by the provisions of Article 3 of the Loan Agreement (solely with respect to providing financial information with respect to itself) themselves and Article 10 of the Loan Agreement, including the waiver of the right to a trial by jury in Section 10.2, and the consents to jurisdiction and the governing law of Illinois set forth in Sections 10.3, and 10.4, respectively and any other term or provision of the Loan Documents expressly requiring Guarantor’s compliance therewith.

Appears in 1 contract

Samples: Loan Agreement (Trade Street Residential, Inc.)

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