Lessor's Liability Limited Sample Clauses

Lessor's Liability Limited. To the extent that this instrument constitutes a mortgage or other security instrument, as is the intent of the parties pursuant to Section 5 hereof, this instrument is given to secure not only existing financing, but also future advances made by the Participants pursuant to or as provided in the Participation Agreement, for the matters described in Section 5, whether such advances are obligatory or to be made at the option of the Participants or otherwise, to the same extent as if such future advances were made on the date of execution of this instrument, although there may be no advance made at the time of execution hereof, and although there may be no financing outstanding at the time any advance is made. To the fullest extent permitted by law, the lien of this instrument shall be valid as to all such amounts, including all future advances, from the time this instrument is recorded. Nothing contained herein shall be deemed an obligation to make future advances to the Lessee.