Dealing with Successor. In the event the ownership of the Mortgaged Property or any part thereof becomes vested in a person other than Grantor, Noteholder may, without notice to Grantor, deal with such successor or successors in interest with reference to this Mortgage and to the Indebtedness in the same manner as with Grantor, without in any way vitiating or discharging Grantor's liability hereunder or for the payment of the Indebtedness; provided, however, nothing in this Paragraph shall be construed as permitting any transfer of the Mortgaged Property which would constitute a Default under this Mortgage. No sale of the Mortgaged Property, no forbearance on the part of Noteholder and no extension of the time for the payment of the Indebtedness given by Noteholder shall operate to release, discharge, modify, change or affect, in whole or in part, the liability of Grantor hereunder or for the payment of the Indebtedness or the liability of any other person hereunder or for the payment of the Indebtedness, except as agreed to in writing by Noteholder.
Dealing with Successor. In the event the ownership of the Property or any part thereof becomes vested in a person other than Grantor, Collateral Agent may, without notice to Grantor, deal with such successor or successors in interest with reference to this Deed of Trust and to the Secured Indebtedness in the same manner as with Grantor, without in any way vitiating or discharging Grantor's liability hereunder or for the payment of the Secured Indebtedness. Except as agreed to in writing by all Lenders and Collateral Agent, no sale of the Property, no forbearance on the part of Collateral Agent or any Lender and no extension of the time for the payment of any of the Secured Indebtedness given by Collateral Agent or any Lender shall operate to release, discharge, modify, change or affect, in whole or in part, the liability of Grantor hereunder or for the payment of the Secured Indebtedness or the liability of any other person hereunder or for the payment of the Secured Indebtedness, except to the extent proceeds of any such sale are applied as provided in Paragraph 3.7.
Dealing with Successor. In the event the ownership of the ---------------------- Property or any part thereof becomes vested in a person other than Grantor, the Noteholder may, without notice to Grantor, deal with such successor or successors in interest with reference to this Deed of Trust and to the indebtedness secured hereby in the same manner as with Grantor, without in any way vitiating or discharging Grantor's liability hereunder or for the payment of the indebtedness secured hereby. No sale of the Property, no forbearance on the part of the Noteholder and no extension of the time for the payment of the indebtedness secured hereby given by the Noteholder shall operate to release, discharge, modify, change or affect, in whole or in part, the liability of Grantor hereunder or for the payment of the indebtedness secured hereby or the liability of any other person hereunder or for the payment of the indebtedness secured hereby, except as agreed to in writing by the Noteholder.
Dealing with Successor. Unless named in this Agreement or unless admitted to the Company as provided in this Agreement, no person shall be considered a Member; and the Company, each Member, and any other persons having business with the Company need deal only with the Member so named or so admitted, and they shall not be required to deal with any other person by reason of an unauthorized assignment by a Member or by reason of the death or dissolution of a Member, except as provided in Section 15B. In the absence of an authorized assignment or substitution (as provided in this Agreement) of a Member, any payment to a Member or to such Member's executors or administrators shall acquit the Company of all liabilities to any other persons who may be interested in such payment by reason of an unauthorized assignment by such Member or by reason of the Member's death or dissolution.
Dealing with Successor. If Mortgagor no longer owns the Collateral, then Lender may, without notice to Mortgagor, deal with Mortgagor's successor in interest concerning this Mortgage and the Obligations in the same manner as with Mortgagor, without in any way vitiating or discharging Maker’s liability under the Promissory Note or for the Obligations. Notwithstanding the foregoing, Lender does not consent to any transfer of the Collateral, except as Lender hereafter agrees in writing.
