Common use of Environmental Agreement Clause in Contracts

Environmental Agreement. Trustor hereby agrees to perform in accordance ----------------------- with its terms all of the provisions of the Environmental Indemnity Agreement of even date herewith by and between, among others, Trustor and Beneficiary. This covenant and agreement shall, notwithstanding any exculpatory or other provision of any nature whatsoever to the contrary set forth in the Note, this Deed of Trust or any other document or instrument now or hereafter executed and delivered in connection with the loan evidenced by the Note and secured by this Deed of Trust, constitute the personal recourse undertakings, obligations and liabilities of Trustor. The obligations and liabilities of Trustor under this paragraph shall survive and continue in full force and effect and shall not be terminated, discharged or released, in whole or in part, irrespective of whether the Obligations have been paid in full and irrespective of any foreclosure of this Deed of Trust, sale of the Property pursuant to the provisions of this Deed of Trust or acceptance by Beneficiary, its nominee or wholly owned subsidiary of a deed or assignment in lieu of foreclosure or sale and irrespective of any other fact or circumstance of any nature whatsoever.

Appears in 3 contracts

Samples: Sizzler International Inc, Sizzler International Inc, Sizzler International Inc

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Environmental Agreement. Trustor hereby agrees to perform in ----------------------- accordance ----------------------- with its terms all of the provisions of the Environmental Indemnity Agreement of even date herewith by and between, among others, Trustor and Beneficiary. This covenant and agreement shall, notwithstanding any exculpatory or other provision of any nature whatsoever to the contrary set forth in the Note, this Deed of Trust or any other document or instrument now or hereafter executed and delivered in connection with the loan evidenced by the Note and secured by this Deed of Trust, constitute the personal recourse undertakings, obligations and liabilities of Trustor. The obligations and liabilities of Trustor under this paragraph shall survive and continue in full force and effect and shall not be terminated, discharged or released, in whole or in part, irrespective of whether the Obligations have been paid in full and irrespective of any foreclosure of this Deed of Trust, sale of the Property pursuant to the provisions of this Deed of Trust or acceptance by Beneficiary, its nominee or wholly owned subsidiary of a deed or assignment in lieu of foreclosure or sale and irrespective of any other fact or circumstance of any nature whatsoever.

Appears in 3 contracts

Samples: Sizzler International Inc, Sizzler International Inc, Sizzler International Inc

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