Common use of Effect of Extensions of Time and Other Changes Clause in Contracts

Effect of Extensions of Time and Other Changes. If the payment of the Indebtedness or any part thereof is extended or varied, if any part of any security for the payment of the Indebtedness is released, if the rate of interest charged under the Note is changed or if the time for payment thereof is extended or varied, all persons now or at any time hereafter liable therefor, or interested in the Premises or having an interest in the Mortgagor, shall be held to assent to such extension, variation, release or change and their liability and the lien and all of the provisions hereof shall continue in full force, any right of recourse against all such persons being expressly reserved by the Lender, notwithstanding such extension, variation, release or change.

Appears in 12 contracts

Samples: Mortgage, Security Agreement (GK Investment Property Holdings II LLC), Mortgage, Security Agreement (GK Investment Property Holdings II LLC), Mortgage, Security Agreement (Lifeway Foods Inc)

AutoNDA by SimpleDocs

Effect of Extensions of Time and Other Changes. If the payment of the Indebtedness or any part thereof is extended or varied, if any part of any security for the payment of the Indebtedness is released, if the rate of interest charged under the Note is changed or if the time for payment thereof is extended or varied, all persons now or at any time hereafter liable therefor, or interested in the Premises or having an interest in the Mortgagor, shall be held to assent to such extension, variation, release or change and their liability and the lien and all of the provisions hereof shall continue in full force, any right of recourse against all such persons being expressly reserved by the LenderMortgagee, notwithstanding such extension, variation, release or change.

Appears in 5 contracts

Samples: Construction Mortgage, Security Agreement (Textura Corp), Fixture Filing (Wells Mid-Horizon Value-Added Fund I LLC), Security Agreement and Fixture Filing (Wells Mid-Horizon Value-Added Fund I LLC)

Effect of Extensions of Time and Other Changes. If the payment of the Indebtedness or any part thereof is extended or varied, if any part of any security for the payment of the Indebtedness is released, if the rate of interest charged under the Note is changed or if the time for payment thereof is extended or varied, all persons now or at any time hereafter liable therefor, or interested in the Premises or having an interest in the Mortgagor, shall be held to assent to such extension, variation, release or change and their liability and the lien and all of the provisions hereof shall continue in full force, any right of recourse against all such persons being expressly reserved by the Lender, notwithstanding such extension, variation, release or change.

Appears in 4 contracts

Samples: Mortgage, Security Agreement (Adcare Health Systems, Inc), Mortgage, Security Agreement (Adcare Health Systems, Inc), Mortgage, Security Agreement (Adcare Health Systems, Inc)

Effect of Extensions of Time and Other Changes. If the payment of the Indebtedness or any part thereof is extended or varied, if any part of any security for the payment of the Indebtedness is released, if the rate of interest charged under the Note Notes is changed or if the time for payment thereof is extended or varied, all persons now or at any time hereafter liable therefor, or interested in the Premises or having an interest in the MortgagorTrustor, shall be held to assent to such extension, variation, release or change and their liability and the lien and all of the provisions hereof shall continue in full force, any right of recourse against all such persons being expressly reserved by the LenderBeneficiary, notwithstanding such extension, variation, release or change.

Appears in 4 contracts

Samples: Leasehold and Fee (Grubb & Ellis Healthcare REIT, Inc.), NNN Healthcare/Office REIT, Inc., Grubb & Ellis Healthcare REIT, Inc.

Effect of Extensions of Time and Other Changes. If the payment of the Indebtedness or any part thereof is extended or varied, if any part of any security for the payment of the Indebtedness is released, if the rate of interest charged under the Note Notes is changed or if the time for payment thereof is extended or varied, all persons now or at any time hereafter liable therefor, or interested in the Premises or having an interest in the Mortgagor, shall be held to assent to such extension, variation, release or change and their liability and the lien and all of the provisions hereof shall continue in full force, any right of recourse against all such persons being expressly reserved by the LenderMortgagee, notwithstanding such extension, variation, release or change.

Appears in 3 contracts

Samples: Open End Revolving Mortgage, Security Agreement (Grubb & Ellis Healthcare REIT, Inc.), Open End Fee and Leasehold Revolving Mortgage, Security Agreement (Grubb & Ellis Healthcare REIT, Inc.), NNN Healthcare/Office REIT, Inc.

Effect of Extensions of Time and Other Changes. If the payment of the Indebtedness or any part thereof is extended or varied, if any part of any security for the payment of the Indebtedness is released, if the rate of interest charged under the Note is changed or if the time for payment thereof is extended or varied, all persons now or at any time hereafter liable therefor, or interested in the Premises Property or having an interest in the MortgagorGrantor, shall be held to assent to such extension, variation, release or change and their liability and the lien and all of the provisions hereof shall continue in full force, any right of recourse against all such persons being expressly reserved by the LenderGrantee, notwithstanding such extension, variation, release or change.

Appears in 1 contract

Samples: And Security Agreement (Grubb & Ellis Healthcare REIT II, Inc.)

Effect of Extensions of Time and Other Changes. If the payment of the Indebtedness or any part thereof is extended or varied, if any part of any security for the payment of the Indebtedness is released, if the rate of interest charged under the Note Notes is changed or if the time for payment thereof is extended or varied, all persons now or at any time hereafter liable therefor, or interested in the Premises or having an interest in the Mortgagor, shall be held to assent to such extension, variation, release or change and their liability and the lien and all of the provisions hereof shall continue in full force, any right of recourse against all such persons being expressly reserved by the LenderMortgagee, notwithstanding such extension, variation, release or change.

Appears in 1 contract

Samples: Mortgage, Security Agreement (American Medical Systems Holdings Inc)

Effect of Extensions of Time and Other Changes. If the payment of the Indebtedness or any part thereof is extended or varied, if any part of any security for the payment of the Indebtedness is released, if the rate of interest charged under the Note is changed or if the time for payment thereof is extended or varied, all persons now or at any time hereafter liable therefor, or interested in the Premises or having an interest in the MortgagorGrantor, shall be held to assent to such extension, variation, release or change and their liability and the lien and conveyance and all of the provisions hereof shall continue in full force, any right of recourse against all such persons being expressly reserved by the LenderGrantee, notwithstanding such extension, variation, release or change.

Appears in 1 contract

Samples: Debt, Security Agreement and Assignment (Adcare Health Systems Inc)

AutoNDA by SimpleDocs

Effect of Extensions of Time and Other Changes. If the payment of the Indebtedness or any part thereof is extended or varied, if any part of any security for the payment of the Indebtedness is released, if the rate of interest charged under the Note is changed or if the time for payment thereof is extended or varied, all persons now or at any time hereafter liable therefor, or interested in the Premises or having an interest in the Mortgagor, shall be held to assent to such extension, variation, release or change and their liability and the lien and all of the provisions hereof shall continue in full force, any right of recourse against all such persons being expressly reserved by the LenderMortgagee, notwithstanding such extension, variation, release or change.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (General Datacomm Industries Inc)

Effect of Extensions of Time and Other Changes. If the payment of the Indebtedness or any part thereof is extended or varied, if any part of any security for the payment of the Indebtedness is released, if the rate of interest charged under the Note is changed or if the time for payment thereof is extended or varied, all persons now or at any time hereafter liable therefor, or interested in the Premises Property or having an interest in the MortgagorBorrower, shall be held to assent to such extension, variation, release or change and their liability and the lien and all of the provisions hereof shall continue in full force, any right of recourse against all such persons being expressly reserved by the Lender, notwithstanding such extension, variation, release or change.

Appears in 1 contract

Samples: Grubb & Ellis Healthcare REIT, Inc.

Effect of Extensions of Time and Other Changes. If the payment of the Indebtedness or any part thereof is extended or varied, if any part of any security for the payment of the Indebtedness is released, if the rate of interest charged under the Note is changed or if the time for payment thereof is extended or varied, all persons now or at any time hereafter liable therefor, or interested in the Premises or having an interest in the Mortgagor, shall be held to assent to such extension, variation, release or change change, and their liability and the lien and all of the provisions hereof shall continue in full force, any right of recourse against all such persons being expressly reserved by the LenderMortgagee, notwithstanding such extension, variation, release or change.

Appears in 1 contract

Samples: Adcare Health Systems, Inc

Effect of Extensions of Time and Other Changes. If the payment of the Indebtedness Secured Obligations or any part thereof is extended or varied, if any part of any security for the payment of the Indebtedness Secured Obligations is released, if the rate of interest charged under the Note Financing Agreement is changed or if the time for payment thereof is extended or varied, all persons now or at any time hereafter liable therefor, or interested in the Premises or having an interest in the Mortgagor, shall be held to assent to such extension, variation, release or change and their liability and the lien and all of the provisions hereof shall continue in full force, any right of recourse against all such persons being expressly reserved by the LenderMortgagee, notwithstanding such extension, variation, release or change.

Appears in 1 contract

Samples: Mortgage, Security Agreement (Unigene Laboratories Inc)

Effect of Extensions of Time and Other Changes. If the payment of the Indebtedness Obligations or any part thereof is are extended or varied, if any part of any security for the payment of the Indebtedness is Obligations are released, if the rate of interest charged under the Note is changed or if the time for payment thereof is extended or varied, all persons now or at any time hereafter liable therefor, or interested in the Premises Property or having an interest in the Mortgagor, shall be held to assent to such extension, variation, release or change and their liability and the lien and all of the provisions hereof shall continue in full force, any right of recourse against all such persons being expressly reserved by the Lender, notwithstanding such extension, variation, release or change.

Appears in 1 contract

Samples: Mortgage, Security Agreement (Innovative Food Holdings Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.