Common use of Modifications, etc Clause in Contracts

Modifications, etc. Assignor hereby consents and agrees that Lender and the Banks may at any time and from time to time, without notice to or further consent from Assignor, either with or without consideration, surrender any property or other security of any kind or nature whatsoever held by it or by any person, firm or corporation on its behalf or for its account, securing the Obligations; substitute for any Collateral so held by it, other collateral of like kind; agree to modification of the terms of the Loan Documents; extend or renew the Loan Documents for any period; grant releases, compromises and indulgences with respect to the Loan Documents for any period; grant releases, compromises and indulgences with respect to the Loan Documents to any persons or entities now or hereafter liable thereunder or hereunder; release any guarantor, endorser or any other Person liable with respect to the Obligations; or take or fail to take any action of any type whatsoever; and no such action which Lender shall take or fail to take in connection with the Loan Documents, or any of them, or any security for the payment of the Obligations or for the performance of any obligations or undertakings of Assignor, nor any course of dealing with Assignor or any other person, shall release Assignor's obligations hereunder, affect this Agreement in any way or afford Assignor any recourse against Lender.

Appears in 3 contracts

Samples: Stock Pledge Agreement (Wellsford Real Properties Inc), Stock Pledge Agreement (Wellsford Real Properties Inc), Stock Pledge Agreement (Wellsford Real Properties Inc)

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Modifications, etc. Assignor Assignors hereby consents consent and agrees agree that Lender and the Banks may at any time and from time to time, without notice to or further consent from AssignorAssignors, either with or without consideration, surrender any property or other security of any kind or nature whatsoever held by it or by any person, firm or corporation on its behalf or for its account, securing the Obligations; substitute for any Collateral so held by it, other collateral of like kind; agree to modification of the terms of the Loan Documents; extend or renew the Loan Documents for any period; grant releases, compromises and indulgences with respect to the Loan Documents for any period; grant releases, compromises and indulgences with respect to the Loan Documents to any persons or entities now or hereafter liable thereunder or hereunder; release any guarantor, endorser or any other Person liable with respect to the Obligations; or take or fail to take any action of any type whatsoever; and no such action which Lender shall take or fail to take in connection with the Loan Documents, or any of them, or any security for the payment of the Obligations or for the performance of any obligations or undertakings of AssignorAssignors, nor any course of dealing with Assignor Assignors or any other person, shall release Assignor's Assignors' obligations hereunder, affect this Agreement Assignment in any way or afford Assignor Assignors any recourse against Lender.

Appears in 2 contracts

Samples: Assignment of Member's Interest (Wellsford Real Properties Inc), Assignment of Member's Interest (Wellsford Real Properties Inc)

Modifications, etc. Assignor hereby consents and agrees that Lender and the Banks Agent may at any time and from time to time, without notice to or further consent from Assignor, either with or without consideration, surrender any property or other security of any kind or nature whatsoever held by it or by any person, firm or corporation on its behalf or for its account, securing the Obligations; substitute for any Collateral so held by it, other collateral of like kind; agree to modification of the terms of the Loan Documents; extend or renew the Loan Documents for any period; grant releases, compromises and indulgences with respect to the Loan Documents for any period; grant releases, compromises and indulgences with respect to the Loan Documents to any persons or entities now or hereafter liable thereunder or hereunder; release any guarantor, endorser or any other Person liable with respect to the Obligations; or take or fail to take any action of any type whatsoever; and no such action which Lender Agent shall take or fail to take in connection with the Loan Documents, or any of them, or any security for the payment of the Obligations or for the performance of any obligations or undertakings of Assignor, nor any course of dealing with Assignor or any other person, shall release Assignor's ' obligations hereunder, affect this Agreement Assignment in any way or afford Assignor any recourse against LenderAgent.

Appears in 1 contract

Samples: Assignment of Common Stock Agreements (Wellsford Real Properties Inc)

Modifications, etc. Assignor Borrower hereby consents and agrees that Lender Agent and the Banks may at any time and from time to time, without notice to or further consent from AssignorBorrower, either with or without consideration, surrender any property or other security of any kind or nature whatsoever held by it or by any person, firm or corporation on its behalf or for its account, securing the Obligations; substitute for any Collateral so held by it, other collateral of like kind; agree to modification of the terms of the Loan Documents; extend or renew the Loan Documents for any period; grant releases, compromises and indulgences with respect to the Loan Documents for any period; grant releases, compromises and indulgences with respect to the Loan Documents to any persons or entities now or hereafter liable thereunder or hereunder; release any guarantor, endorser or any other Person liable with respect to the Obligations; or take or fail to take any action of any type whatsoever; and no such action which Lender Agent shall take or fail to take in connection with the Loan Documents, or any of them, or any security for the payment of the Obligations or for the performance of any obligations or undertakings of AssignorBorrower, nor any course of dealing with Assignor Borrower or any other person, shall release AssignorBorrower's obligations hereunder, affect this Agreement in any way or afford Assignor Borrower any recourse against LenderAgent.

Appears in 1 contract

Samples: Cash Collateral Agreement (Wellsford Real Properties Inc)

Modifications, etc. Assignor Assignors hereby consents consent and agrees agree that Lender and the Banks may at any time time, and from time to time, without notice to or further consent from AssignorAssignors, either with or without consideration, surrender any property or other security of any kind or nature whatsoever held by it or by any person, firm or corporation on its behalf or for its account, securing the ObligationsIndebtedness; substitute for any Collateral collateral so held by it, other collateral of like kind, or of any kind; agree to modification of the terms of the Note or the Loan Documents; extend or renew the Note or any of the Loan Documents for any period; grant releases, compromises and indulgences with respect to the Loan Documents for any period; grant releases, compromises and indulgences with respect to Note or the Loan Documents to any persons or entities now or hereafter liable thereunder or hereunder; release any guarantorguarantor or endorser of the Note, endorser the Security Instrument, or any other Person liable with respect to the ObligationsLoan Documents; or take or fail to take any action of any type whatsoever; and no such action which Lender shall take or fail to take in connection with the Loan Documents, or any of them, or any security for the payment of the Obligations Indebtedness or for the performance of any obligations or undertakings of AssignorAssignors, nor any course of dealing with Assignor Assignor, Assignors or any other person, shall release Assignor's obligations hereunder, affect this Agreement Assignment in any way or afford Assignor Assignors any recourse against Lender.

Appears in 1 contract

Samples: Assignment of Leases and Rents

Modifications, etc. Assignor hereby consents and agrees that Lender Agent and the Banks may at any time and from time to time, without notice to or further consent from Assignor, either with or without consideration, surrender any property or other security of any kind or nature whatsoever held by it or by any person, firm or corporation on its behalf or for its account, securing the Obligations; substitute for any Collateral so held by it, other collateral of like kind; agree to modification of the terms of the Loan Documents; extend or renew the Loan Documents for any period; grant releases, compromises and indulgences with respect to the Loan Documents for any period; grant releases, compromises and indulgences with respect to the Loan Documents to any persons or entities now or hereafter liable thereunder or hereunder; release any guarantor, endorser or any other Person liable with respect to the Obligations; or take or fail to take any action of any type whatsoever; and no such action which Lender Agent shall take or fail to take in connection with the Loan Documents, or any of them, or any security for the payment of the Obligations or for the performance of any obligations or undertakings of Assignor, nor any course of dealing with Assignor or any other person, shall release Assignor's obligations hereunder, affect this Agreement Assignment in any way or afford Assignor any recourse against LenderAgent.

Appears in 1 contract

Samples: Assignment of Member's Interest (Wellsford Real Properties Inc)

Modifications, etc. Assignor Pledgor hereby consents and agrees that Lender Agent and the Banks may at any time and from time to time, without notice to or further consent from AssignorPledgor, either with or without consideration, surrender any property or other security of any kind or nature whatsoever held by it or by any person, firm or corporation on its behalf or for its account, securing the Obligations; substitute for any Collateral so held by it, other collateral of like kind; agree to modification of the terms of the Loan Documents; extend or renew the Loan Documents for any period; grant releases, compromises and indulgences with respect to the Loan Documents for any period; grant releases, compromises and indulgences with respect to the Loan Documents to any persons or entities now or hereafter liable thereunder or hereunderhereunder and for any period of time; release any guarantor, endorser or any other Person person or entity liable with respect to the Obligations; or take or fail to take any action of any type whatsoever; and no such action which Lender Agent and the Banks shall take or fail to take in connection with the Loan Documents, or any of them, or any security for the payment of the Obligations or for the performance of any obligations or undertakings of AssignorPledgor, nor any course of dealing with Assignor Pledgor or any other person, shall release Assignor's Pledgor’s obligations hereunder, affect this Agreement in any way or afford Assignor Pledgor any recourse against LenderAgent or any Bank; provided that nothing contained in this paragraph shall operate as a waiver of any right Pledgor has under the Loan Documents to approve of or consent to any amendment or other modification to any Loan Document.

Appears in 1 contract

Samples: Pledge Agreement (Forest City Enterprises Inc)

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Modifications, etc. Assignor hereby consents and agrees that Lender Agent and the Banks may at any time and from time to time, without notice to or further consent from Assignor, either with or without consideration, surrender any property or other security of any kind or nature whatsoever held by it or by any person, firm or corporation on its behalf or for its account, securing the Obligations; substitute for any Mezzanine Collateral so held by it, other collateral of like kind; agree to modification of the terms of the Loan Documents; extend or renew the Loan Documents for any period; grant releases, compromises and indulgences with respect to the Loan Documents for any period; grant releases, compromises and indulgences with respect to the Loan Documents to any persons or entities now or hereafter liable thereunder or hereunder; release any guarantor, endorser or any other Person liable with respect to the Obligations; or take or fail to take any action of any type whatsoever; and no such action which Lender Agent shall take or fail to take in connection with the Loan Documents, or any of them, or any security for the payment of the Obligations or for the performance of any obligations or undertakings of Assignor, nor any course of dealing with Assignor or any other person, shall release Assignor's obligations hereunder, affect this Agreement Assignment in any way or afford Assignor any recourse against LenderAgent.

Appears in 1 contract

Samples: Assignment of Member's Interest (Wellsford Real Properties Inc)

Modifications, etc. Assignor hereby consents and agrees that Lender and the Banks Agent may at any time and from time to time, without notice to or further consent from Assignor, either with or without consideration, surrender any property or other security of any kind or nature whatsoever held by it or by any person, firm or corporation on its behalf or for its account, securing the Secured Obligations; substitute for any Collateral so held by it, other collateral of like kind; agree to modification of the terms of the Loan Documents; extend or renew the Loan Documents for any period; grant releases, compromises and indulgences with respect to the Loan Documents for any period; grant releases, compromises and indulgences with respect to the Loan Documents to any persons or entities now or hereafter liable thereunder or hereunder; release any guarantor, endorser or any other Person person or entity liable with respect to the Secured Obligations; or take or fail to take any action of any type whatsoever; and no such action which Lender the Agent shall take or fail to take in connection with the Loan Documents, or any of them, or any security for the payment of the Secured Obligations or for the performance of any obligations or undertakings of Assignor, nor any course of dealing with Assignor or any other person, shall release Assignor's obligations hereunder, affect this Agreement Assignment in any way or afford Assignor any recourse against Lender.

Appears in 1 contract

Samples: Composite Credit Agreement (Condor Hospitality Trust, Inc.)

Modifications, etc. Assignor Borrower hereby consents and agrees that Lender and the Banks may at any time time, and from time to time, without notice to or further consent from AssignorBorrower, either with or without consideration, surrender any property or other security of any kind or nature whatsoever held by it or by any person, firm or corporation on its behalf or for its account, securing the ObligationsIndebtedness; substitute for any Collateral collateral so held by it, other collateral of like kind, or of any kind; agree to modification of the terms of the Note or the Loan Documents; extend or renew the Note or any of the Loan Documents for any period; grant releases, compromises and indulgences with respect to the Loan Documents for any period; grant releases, compromises and indulgences with respect to Note or the Loan Documents to any persons or entities now or hereafter liable thereunder or hereunder; release any guarantorguarantor or endorser of the Note, endorser the Security Instrument, or any other Person liable with respect to the ObligationsLoan Document; or take or fail to take any action of any type whatsoever; , and no such action which Lender shall take or fail to take in connection with the Loan Documents, or any of them, or any security for the payment of the Obligations Indebtedness or for the performance of any obligations or undertakings of AssignorBorrower, nor any course of dealing with Assignor Borrower or any other person, shall release AssignorBorrower's obligations hereunder, affect this Agreement Assignment in any way or afford Assignor Borrower any recourse against Lender.. The provisions of this Assignment shall extend and be applicable to all renewals, amendments, extensions, consolidations and modifications of the Loan Documents and the Leases,

Appears in 1 contract

Samples: Real Estate Note (Roberts Realty Investors Inc)

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