Common use of Forgiveness of Debt Clause in Contracts

Forgiveness of Debt. Cancel or otherwise forgive or release any Debt owed to it by any Person, except upon receipt of adequate consideration or as otherwise approved by the Agent.

Appears in 2 contracts

Samples: Loan Agreement (First Union Real Estate Equity & Mortgage Investments), Master Loan Agreement (Newkirk Master Lp)

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Forgiveness of Debt. Cancel or otherwise forgive or release any Debt owed to it by any Person, except upon receipt of adequate consideration or as otherwise approved by the Agentconsideration.

Appears in 2 contracts

Samples: Loan Agreement (Newkirk Master Lp), Loan Agreement (Shelbourne Properties I Inc)

Forgiveness of Debt. Cancel or otherwise forgive or release any Debt owed to it by any Person, except upon receipt of adequate consideration or as otherwise approved by the AgentAgent or, as may be required by the terms of the Securitization Documents.

Appears in 1 contract

Samples: Master Loan Agreement (Newkirk Master Lp)

Forgiveness of Debt. Cancel or otherwise forgive or release any Debt owed to it by any Person, except upon receipt of adequate consideration or as otherwise approved by the AgentAdministrative Agent or, as may be required by the terms of the Securitization Documents.

Appears in 1 contract

Samples: Master Loan Agreement (Newkirk Realty Trust, Inc.)

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Forgiveness of Debt. Cancel or otherwise forgive or release any Debt owed to it by any Person, except upon receipt of adequate consideration or as otherwise approved by the AgentFirst Union Lender.

Appears in 1 contract

Samples: Omnibus Agreement (First Union Real Estate Equity & Mortgage Investments)

Forgiveness of Debt. Cancel or otherwise forgive or release any Debt owed to it by any Person, except upon receipt of adequate consideration or as otherwise approved by the Administrative Agent.

Appears in 1 contract

Samples: Master Loan Agreement (Newkirk Realty Trust, Inc.)

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