Common use of Effect of Modification Clause in Contracts

Effect of Modification. Except as amended by this Agreement, the provisions of the Note and other Loan Documents are hereby confirmed and shall remain in full force and effect. The parties acknowledge that the Note remains secured by all of those Deed of Trust currently of record, (collectively the “Deed of Trust”). This Agreement shall not, in any way, constitute a novation of the Loan.

Appears in 1 contract

Samples: Loan Modification Agreement (Orleans Homebuilders Inc)

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Effect of Modification. Except as amended by this Agreement, the provisions of the Note and other Loan Documents are hereby confirmed and shall remain in full force and effect. The executed original of this Agreement shall be attached to the original Note. The parties acknowledge that the Note Note, as modified by this Agreement, remains secured by all Deeds of those Deed Trust, Security Agreement and Assignment of Trust currently Leases (Master), as supplemented by the Supplemental Deed(s) of recordTrust, if any, executed by Borrower (collectively the “Deed of Trust”). This Agreement shall not, in any way, constitute a novation of the Loan.

Appears in 1 contract

Samples: Third Loan Modification Agreement (Orleans Homebuilders Inc)

Effect of Modification. Except as amended by this Agreement, the provisions of the Note and other Loan Documents are hereby confirmed and shall remain in full force and effect. The parties acknowledge that the Note remains secured by all of those Deed of Trust currently Trust, Security Agreement and Assignment of record, Leases (collectively Master) instruments executed by Borrower as security for the “Deed of Trust”)Loan. This Agreement shall not, in any way, constitute a novation of the Loan.

Appears in 1 contract

Samples: Extension Agreement (Orleans Homebuilders Inc)

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Effect of Modification. Except as amended by this Agreement, the provisions of the Note and other Loan Documents are hereby confirmed and shall remain in full force and effect. The executed original of this Agreement shall be attached to the original Note. The parties acknowledge that the Note Note, as modified by this Agreement, remains secured by all of those that Deed of Trust currently Trust, Security Agreement and Assignment of recordLeases (Master), as supplemented by the Supplemental Deed(s) of Trust, if any, executed by Borrower (collectively the “Deed of Trust”). This Agreement shall not, in any way, constitute a novation of the Loan.

Appears in 1 contract

Samples: First Loan Modification Agreement (Orleans Homebuilders Inc)

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