Common use of Continued Force and Effect Clause in Contracts

Continued Force and Effect. All of the terms and conditions of the Note, the Agreement, and the Deed of Trusts, including those terms and conditions modified by this Amendment, are hereby ratified and confirmed in all respects and shall remain and in full force and effect. This Agreement is not intended to, and shall not be construed to, effect a novation, and, except as expressly provided herein, none of the Loan Documents have been modified, amended, cancelled, terminated, released, satisfied, superseded or otherwise invalidated. In the event of any conflict between the terms of this Agreement and the terms of any of the Loan Documents, the terms of this Agreement shall control. Borrower acknowledges and agrees that the Loan Documents, as modified hereby, are enforceable against Borrower and against the Property described therein in accordance with their respective terms.

Appears in 7 contracts

Samples: Trust and Chdo Loan Agreement, Trust and Chdo Loan Agreement, Trust and Chdo Loan Agreement

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Continued Force and Effect. All of the terms and conditions of the Note, the Agreement, Original Loan Agreement and Existing Loan Documents and the Deed of Trusts, including those terms and conditions modified by this Amendment, collateral security provided thereby are hereby ratified and confirmed in all respects and shall remain and in full force and effect. This Agreement is not intended to, and shall not be construed to, effect a novation, and, except as expressly provided herein, none of the Existing Loan Documents have been modified, amended, cancelled, terminated, released, satisfied, superseded or otherwise invalidated. In the event of any conflict between the terms of this Agreement and the terms of any of the Loan Documents, the terms of this Agreement shall control. Borrower acknowledges and agrees that the Loan Documents, as modified hereby, are enforceable against Borrower and against the Property described therein in accordance with their respective terms.

Appears in 1 contract

Samples: Loan and Security Agreement (GTJ REIT, Inc.)

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Continued Force and Effect. All of the terms and conditions of the Note, the Agreement, and the Deed of Trustscollateral security provided thereby, including those terms and conditions modified by this AmendmentAgreement, are hereby ratified and confirmed in all respects and shall remain and in full force and effect. This Agreement is not intended to, and shall not be construed to, effect a novation, and, except as expressly provided herein, none of the Loan Documents have has been modified, amended, cancelled, terminated, released, satisfied, superseded or otherwise invalidated. In the event of any conflict between the terms of this Agreement and the terms of any of the Loan Documents, the terms of this Agreement shall control. Borrower acknowledges and agrees that the Loan Documents, as modified hereby, are enforceable against Borrower and against the Property described therein in accordance with their respective terms.

Appears in 1 contract

Samples: Loan Modification Agreement

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