Common use of Extension, Release, etc Clause in Contracts

Extension, Release, etc. (a) Without affecting the lien or charge of this Mortgage upon any portion of the Mortgaged Property not then or theretofore released as security for the full amount of the Obligations, Mortgagee may, acting at the direction of the Majority Holders, from time to time and without notice, agree to (i) release any person liable for the indebtedness borrowed or guaranteed under the Credit Facility Documents or the Additional Debt Documents, (ii) extend the maturity or alter any of the terms of the indebtedness borrowed or guaranteed under the Credit Facility Documents or the Additional Debt Documents or any other guaranty thereof, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at Mortgagee’s option any parcel, portion or all of the Mortgaged Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto.

Appears in 2 contracts

Samples: Mortgage, Security Agreement (Dayton Power & Light Co), Mortgage, Security Agreement (Dayton Power & Light Co)

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Extension, Release, etc. (a) Without affecting the lien or charge of this Mortgage Deed of Trust upon any portion of the Mortgaged Trust Property not then or theretofore released as security for the full amount of the Obligations, Mortgagee Beneficiary may, acting at the direction of the Majority Holders, from time to time and without noticenotice except as specifically set forth in the Credit Agreement, agree to (i) release any person liable for the indebtedness borrowed or guaranteed under the Credit Facility Loan Documents or the Additional Debt Documentsany other obligation secured by this Deed of Trust, (ii) extend the maturity or alter any of the terms of the indebtedness borrowed or guaranteed under the Credit Facility Loan Documents or the Additional Debt Documents any other obligation secured by this Deed of Trust or any other guaranty thereof, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at MortgageeBeneficiary’s option any parcel, portion or all of the Mortgaged Trust Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto.

Appears in 2 contracts

Samples: Intercreditor Agreement (Fender Musical Instruments Corp), Intercreditor Agreement (Fender Musical Instruments Corp)

Extension, Release, etc. (a) Without affecting the lien or charge of this Mortgage Deed of Trust upon or security title of this Deed of Trust to any portion of the Mortgaged Property not then or theretofore released as security for the full amount of the Obligations, Mortgagee Beneficiary may, acting at the direction of the Majority Holders, from time to time and without notice, agree to (i) release any person liable for the indebtedness borrowed or guaranteed under the Credit Facility Documents or the Additional Debt Loan Documents, (ii) extend the maturity or alter any of the terms of the indebtedness borrowed or guaranteed under the Credit Facility Documents or the Additional Debt Loan Documents or any other guaranty thereof, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at MortgageeBeneficiary’s option any parcel, portion or all of the Mortgaged Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto.

Appears in 1 contract

Samples: Credit Agreement (Health Management Associates Inc)

Extension, Release, etc. (a) Without affecting the lien or charge of created by this Mortgage upon any portion of the Mortgaged Property not then or theretofore released as security for the full amount of the Obligations, Mortgagee may, acting at the direction of the Majority Holders, from time to time and without noticenotice (but subject to the terms of the Amended and Restated Credit Agreement (including, without limitation, Section 11.2 thereof), agree to (i) release any person liable for the indebtedness borrowed or guaranteed under the Credit Facility Documents or the Additional Debt Loan Documents, (ii) extend the maturity or alter any of the terms of the indebtedness borrowed or guaranteed under the Credit Facility Documents or the Additional Debt Loan Documents or any other guaranty thereof, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at Mortgagee’s option any parcel, portion or all of the Mortgaged Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto.

Appears in 1 contract

Samples: Security Agreement (Sprague Resources LP)

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Extension, Release, etc. (a) Without affecting the lien encumbrance or charge of this Mortgage upon any portion of the Mortgaged Property not then or theretofore released as security for the full amount of the Obligations, Mortgagee may, acting at the direction of the Majority Holders, from time to time and without notice, agree to (i) release any person liable for the indebtedness borrowed or guaranteed under the Credit Facility Documents or the Additional Debt Transaction Documents, (ii) grant other indulgences, (iii) take or release any other or additional security for any other obligation herein mentioned. Without affecting the encumbrance or charge or this Mortgage upon any portion of the Mortgaged Property not then or theretofore released as security for the full amount of the Obligations, Mortgagee and Company may agree to (1) extend the maturity or alter any of the terms of the indebtedness borrowed or guaranteed under the Credit Facility Documents or the Additional Debt Transaction Documents or any other guaranty thereof, (iii) grant other indulgences, (iv2) release or reconvey, or cause to be released or reconveyed at any time at Mortgagee’s option any parcel, portion or all of the Mortgaged Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi3) make compositions or other arrangements with debtors in relation theretotherewith.

Appears in 1 contract

Samples: Mortgage, Security Agreement (Four Rivers Bioenergy Inc.)

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