Common use of New Agreement Clause in Contracts

New Agreement. If the Lender makes a new agreement with another borrower or person, corporation or entity who is obligated to pay the Adjustable Rate Loan or any part of the Indebtedness, the Borrower will not be released from the Borrower’s obligations under this Contract, even if the Borrower does not sign or is not advised of such new agreement.

New Agreement. If the Lender makes a new agreement with another borrower or person, corporation or entity who is obligated to pay the Adjustable Rate Fixed Loan or any part of the Indebtedness, the Borrower will not be released from the Borrower’s obligations under this Contract, even if the Borrower does not sign or is not advised of such new agreement.

New Agreement. If the Lender makes a new agreement with another borrower or person, corporation or entity who is obligated to pay the Adjustable Fixed Rate Loan or any part of the Indebtedness, the Borrower will not be released from the Borrower’s obligations under this Contract, even if the Borrower does not sign or is not advised of such new agreement.