LEGAL EFFECT OF SECTION. Borrower and Lender agree that Borrower’s duty to indemnify Lender hereunder shall survive: (i) any judicial or non-judicial foreclosure under the Deed of Trust, or transfer of the Property in lieu thereof; (ii) the release and reconveyance or cancellation of the Deed of Trust; and (iii) the satisfaction of all of Borrower’s obligations under the Loan Documents.
Appears in 3 contracts
Samples: Loan Agreement (AAC Holdings, Inc.), Building Loan Agreement (AAC Holdings, Inc.), Building Loan Agreement (AAC Holdings, Inc.)
LEGAL EFFECT OF SECTION. Borrower and Lender agree that Borrower’s duty to defend and indemnify Lender the Indemnitees hereunder shall survive: (i) any judicial or non-judicial foreclosure under the Deed of TrustMortgage, or transfer of the Property in lieu thereof; (ii) the release and reconveyance or cancellation of the Deed of TrustMortgage; and (iii) the satisfaction of all of Borrower’s obligations under the Loan Documents.
Appears in 2 contracts
Samples: Building Loan Agreement, Building Loan Agreement (Global Growth Trust, Inc.)
LEGAL EFFECT OF SECTION. Borrower and Lender agree It is expressly understood that Borrower’s duty to indemnify Lender hereunder shall survive: (i) any judicial or non-judicial foreclosure under the Deed of TrustSecurity Instrument, or transfer of the any Property in lieu thereof; (ii) the release and reconveyance or cancellation of the Deed of TrustSecurity Instrument; and (iii) the satisfaction of all of Borrower’s obligations under the Loan Documents.
Appears in 2 contracts
Samples: Loan Agreement (IMH Financial Corp), Loan Agreement (IMH Financial Corp)
LEGAL EFFECT OF SECTION. Borrower and Lender agree that it is expressly understood that Borrower’s duty to indemnify Lender hereunder shall survive: (ia) any judicial or non-judicial foreclosure under the Deed of TrustMortgage, or transfer of the Property in lieu thereof; , (iib) the release and reconveyance or cancellation of the Deed of TrustMortgage; and (iiic) the satisfaction of all of Borrower’s obligations under the Loan Documents.
Appears in 2 contracts
Samples: Loan Agreement (Phillips Edison - ARC Shopping Center REIT Inc.), Loan Agreement (Phillips Edison - ARC Shopping Center REIT Inc.)
LEGAL EFFECT OF SECTION. Borrower and Lender agree that it is expressly ----------------------- understood that Borrower’s 's duty to indemnify Lender hereunder shall survive: (i) any judicial or non-judicial foreclosure under the Deed of Trust, or transfer of the Property in lieu thereof; (ii) the release and reconveyance or cancellation of the Deed of Trust; and (iii) the satisfaction of all of Borrower’s 's obligations under the Loan Documents.
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LEGAL EFFECT OF SECTION. Borrower Borrowers and Lender agree that Borrower’s Borrowers' duty to indemnify Lender hereunder shall survive: (i) any judicial or non-judicial foreclosure under any of the Deed of TrustLoan Documents, or transfer of any one or more of the Property Properties in lieu thereof; (ii) the release and reconveyance or cancellation of any of the Deed of TrustLoan Documents; and (iii) the satisfaction payment in full of all of Borrower’s obligations under the Loan DocumentsLiabilities.
Appears in 1 contract
Samples: Loan Agreement (Prudential Bache Equitec Real Estate Partnership)
LEGAL EFFECT OF SECTION. Borrower and Lender agree that Borrower’s duty to defend and indemnify Lender the Indemnitees hereunder shall survive: (i) any judicial or non-judicial foreclosure under the Deed of TrustMortgage or the Pledge, or transfer of the Property collateral thereunder in lieu thereof; (ii) the release and reconveyance or cancellation discharge of the Deed of TrustMortgage or the Pledge; and (iii) the satisfaction of all of Borrower’s obligations under the Loan Documents.
Appears in 1 contract
Samples: Loan Agreement (Sb Partners)
LEGAL EFFECT OF SECTION. Borrower and Lender agree It is expressly understood that Borrower’s 's duty to indemnify Lender hereunder shall survive: (i) any judicial or non-judicial foreclosure under the Deed of TrustPledge Agreement, or transfer of the Property in lieu thereof; (ii) the release and reconveyance satisfaction or cancellation of the Deed of TrustMortgage; and (iii) the satisfaction of all of Borrower’s 's obligations under the Loan Documents.
Appears in 1 contract
Samples: Loan Agreement (Gavella Corp)
LEGAL EFFECT OF SECTION. Borrower and Lender agree It is expressly understood that Borrower’s duty to indemnify Lender hereunder shall survive: (i) any judicial or non-judicial foreclosure under the Deed of TrustSecurity Instrument, or transfer of the Property in lieu thereof; (ii) the release and reconveyance or cancellation of the Deed of TrustSecurity Instrument; and (iii) the satisfaction of all of Borrower’s obligations under the Loan Documents.
Appears in 1 contract
Samples: Loan Agreement (IMH Financial Corp)
LEGAL EFFECT OF SECTION. Borrower and Lender agree that it is expressly understood that Borrower’s duty to indemnify Lender hereunder shall survive: (ia) any judicial or non-judicial foreclosure under the Deed of Trust, or transfer of the Property in lieu thereof; , (iib) the release and reconveyance or cancellation of the Deed of Trust; and (iiic) the satisfaction of all of Borrower’s obligations under the Loan Documents.
Appears in 1 contract
Samples: Loan Agreement (Phillips Edison - ARC Shopping Center REIT Inc.)
LEGAL EFFECT OF SECTION. Borrower and Lender agree It is expressly understood that Borrower’s duty to indemnify Lender Administrative Agent and Lenders hereunder shall survive: (i) any judicial or non-judicial foreclosure under the Deed of TrustMortgage, or transfer of the Property in lieu thereof; (ii) the release and reconveyance or cancellation of the Deed of TrustMortgage; and (iii) the satisfaction of all of Borrower’s obligations Obligations under the Loan Documents.
Appears in 1 contract
