No Effect Upon Obligations Sample Clauses

No Effect Upon Obligations. Lender may, but shall not be obligated to, agree with Borrower, from time to time, and without giving notice to, or obtaining the consent of, or having any effect upon the obligations of, Guarantor, Key Principal, or other third party obligor, to take any of the following actions: the time for payment of the principal of or interest on the Indebtedness may be extended, or the Indebtedness may be renewed in whole or in part; the rate of interest on or period of amortization of the Mortgage Loan or the amount of the Monthly Debt Service Payments payable under the Loan Documents may be modified; the time for Borrower’s performance of or compliance with any covenant or agreement contained in any Loan Document, whether presently existing or hereinafter entered into, may be extended or such performance or compliance may be waived; any or all payments due under this Loan Agreement or any other Loan Document may be reduced; any Loan Document may be modified or amended by Lender and Borrower in any respect, including an increase in the principal amount of the Mortgage Loan; any amounts under this Loan Agreement or any other Loan Document may be released; any security for the Indebtedness may be modified, exchanged, released, surrendered, or otherwise dealt with, or additional security may be pledged or mortgaged for the Indebtedness; the payment of the Indebtedness or any security for the Indebtedness, or both, may be subordinated to the right to payment or the security, or both, of any other present or future creditor of Borrower; or any other terms of the Loan Documents may be modified.
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No Effect Upon Obligations. Lender may, but shall not be obligated to, agree with Borrower, from time to time, and without giving notice to, or obtaining the consent of, or having any effect upon the obligations of, any Guarantor, Key Principal or other third party obligor, to take any of the following actions:
Sample 1Sample 2Sample 3See All (8)
No Effect Upon Obligations. At any time or from time to time and any number of times, without notice to Guarantor and without releasing, discharging or affecting the liability of Guarantor:
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No Effect Upon Obligations. At any time or from time to time and any number of times, without notice to Guarantor and without releasing, discharging, or affecting the liability of Guarantor, Guarantors’ liability hereunder shall be increased accordingly: (a) the time for payment of the principal of or interest on the Loan may be extended or the Loan may be renewed in whole or in part; (b) the rate of interest on or period of amortization of the Loan or change the amount of payments payable under the NLRP Permanent Loan Documents may be modified; (c) the time for Borrower’s performance of or compliance with any covenant or agreement contained in any NLRP Permanent Loan Document, whether presently existing or hereinafter entered into, may be extended or such performance or compliance may be waived; (d) the maturity of the NLRP Permanent Loan may be accelerated as provided in the NLRP Permanent Loan Documents; (e) any or all payments due under the NLRP Permanent Loan Agreement or any other NLRP Permanent Loan Document may be reduced; (f) any NLRP Permanent Loan Document may be modified or amended by LHC and Borrower in any respect, including an increase in the principal amount of the Loan; (g) any amounts under the NLRP Permanent Loan Agreement or any other NLRP Permanent Loan Document may be released; (h) any security for the NLRP Permanent Loan may be modified, exchanged, released, surrendered or otherwise dealt with or additional security may be pledged or mortgaged for the NLRP Permanent Loan; (i) the payment of the NLRP Permanent Loan or any security for the NLRP Permanent Loan, or both, may be subordinated to the right to payment or the security, or both, of any other present or future creditor of Borrower; (j) any payments made by Borrower to LHC may be applied to the Loan in such priority as LHC may determine in its discretion; and (k) any other terms of the NLRP Permanent Loan Documents may be modified as required by LHC.
Sample 1

Related to No Effect Upon Obligations

  • Termination Obligations (a) Director agrees that all property, including, without limitation, all equipment, tangible proprietary information, documents, records, notes, contracts, and computer-generated materials provided to or prepared by Director incident to the Services and his membership on the Company’s Board of Directors or any committee therefore the sole and exclusive property of the Company and shall be promptly returned to the Company at such time as the Director is no longer a member of the Company’s Board of Directors.

  • Mitigation Obligations If Borrower is required to pay any Indemnified Taxes or additional amounts to any Lender or to any Governmental Authority for the account of any Lender pursuant to Section 5.01 or this Section 5.03, then such Lender shall (at the request of Borrower) use commercially reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign and delegate its rights and obligations hereunder to another of its offices, branches or Affiliates if, in the sole reasonable judgment of such Lender, such designation or assignment and delegation would (i) eliminate or reduce amounts payable pursuant to Section 5.01 or this Section 5.03, as the case may be, in the future, (ii) not subject such Lender to any unreimbursed cost or expense and (iii) not otherwise be disadvantageous to such Lender. Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment and delegation.

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