Common use of No Effect Upon Obligations Clause in Contracts

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.

No Effect Upon Obligations. Lender may, but shall not be obligated to, agree with Borrower, At any time or from time to timetime and any number of times, without notice to Guarantor and without giving notice toreleasing, discharging, or obtaining affecting the consent of, or having liability of Guarantor (except that to the extent the liability of Borrower under any effect upon the obligations of, Guarantor, Key Principal, or other third party obligor, to take any sections of the following actionsLoan Agreement referenced in Section 3.1 hereof is increased, Guarantors’ liability hereunder shall be increased accordingly: (a) the time for payment of the principal of or interest on the Indebtedness Loan may be extended, extended or the Indebtedness Loan may be renewed in whole or in part; (b) the rate of interest on or period of amortization of the Mortgage Loan or change the amount of the Monthly Debt Service Payments payments payable under the Loan Documents may be modified; (c) 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; (d) the maturity of the Loan may be accelerated as provided in the Loan Documents; (e) any or all payments due under this the Loan Agreement or any other Loan Document may be reduced; (f) any Loan Document may be modified or amended by Lender LHC and Borrower in any respect, including an increase in the principal amount of the Mortgage Loan; (g) any amounts under this the Loan Agreement or any other Loan Document may be released; (h) any security for the Indebtedness Loan may be modified, exchanged, released, surrendered, surrendered or otherwise dealt with, with or additional security may be pledged or mortgaged for the IndebtednessLoan; (i) the payment of the Indebtedness Loan or any security for the IndebtednessLoan, 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 (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 Loan Documents may be modifiedmodified as required by LHC.

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 Master Lessee, 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.

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 Property Operator, 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.

No Effect Upon Obligations. Lender may, but shall not be obligated to, agree with Borrower, At any time or from time to timetime and any number of times, without notice to Guarantor and without giving notice toreleasing, discharging, or obtaining affecting the consent of, or having any effect upon the obligations of, liability of Guarantor, Key Principal, or other third party obligor, to take any of the following actionsGuarantors’ liability hereunder shall be increased accordingly: (a) the time for payment of the principal of or interest on the Indebtedness Loan may be extended, extended or the Indebtedness Loan may be renewed in whole or in part; (b) the rate of interest on or period of amortization of the Mortgage Loan or change the amount of the Monthly Debt Service Payments payments payable under the RRDP Permanent Loan Documents may be modified; (c) the time for Borrower’s performance of or compliance with any covenant or agreement contained in any RRDP 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 RRDP Permanent Loan may be accelerated as provided in the RRDP Permanent Loan Documents; (e) any or all payments due under this the RRDP Permanent Loan Agreement or any other RRDP Permanent Loan Document may be reduced; (f) any RRDP Permanent Loan Document may be modified or amended by Lender LHC and Borrower in any respect, including an increase in the principal amount of the Mortgage Loan; (g) any amounts under this the RRDP Permanent Loan Agreement or any other RRDP Permanent Loan Document may be released; (h) any security for the Indebtedness RRDP Permanent Loan may be modified, exchanged, released, surrendered, surrendered or otherwise dealt with, with or additional security may be pledged or mortgaged for the IndebtednessRRDP Permanent Loan; (i) the payment of the Indebtedness RRDP Permanent Loan or any security for the IndebtednessRRDP 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; or (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 RRDP Permanent Loan Documents may be modifiedmodified as required by LHC.

No Effect Upon Obligations. Lender may, but shall not be obligated to, agree with Borrower, At any time or from time to timetime and any number of times, without notice to Guarantor and without giving notice toreleasing, discharging, or obtaining affecting the consent of, or having any effect upon the obligations of, liability of Guarantor, Key Principal, or other third party obligor, to take any of the following actions: (a) the time for payment of the principal of or interest on the Indebtedness Loan may be extended, extended or the Indebtedness Loan may be renewed in whole or in part; (b) the rate of interest on or period of amortization of the Mortgage Loan or change the amount of the Monthly Debt Service Payments payments payable under the Loan Documents may be modified; (c) 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; (d) the maturity of the Loan may be accelerated as provided in the Loan Documents; (e) any or all payments due under this the Loan Agreement or any other Loan Document may be reduced; (f) any Loan Document may be modified or amended by Lender LHC and Borrower in any respect, including an increase in the principal amount of the Mortgage Loan; (g) any amounts under this the Loan Agreement or any other Loan Document may be released; (h) any security for the Indebtedness Loan may be modified, exchanged, released, surrendered, surrendered or otherwise dealt with, with or additional security may be pledged or mortgaged for the IndebtednessLoan; (i) the payment of the Indebtedness Loan or any security for the IndebtednessLoan, 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 (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 Loan Documents may be modified.modified as required by LHC. DRAFT

No Effect Upon Obligations. Lender may, but shall not be obligated to, agree with Borrower, At any time or from time to timetime and any number of times, without notice to Guarantor and without giving notice toreleasing, discharging, or obtaining affecting the consent of, or having any effect upon the obligations of, liability of Guarantor, Key Principal, or other third party obligor, to take any of the following actions: (a) the time for payment of the principal of or interest on the Indebtedness Loan may be extended, extended or the Indebtedness Loan may be renewed in whole or in part; (b) the rate of interest on or period of amortization of the Mortgage Loan or change the amount of the Monthly Debt Service Payments payments payable under the Loan Documents may be modified; (c) 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; (d) the maturity of the Loan may be accelerated as provided in the Loan Documents; (e) any or all payments due under this the Loan Agreement or any other Loan Document may be reduced; (f) any Loan Document may be modified or amended by Lender LHC and Borrower in any respect, including an increase in the principal amount of the Mortgage Loan; (g) any amounts under this the Loan Agreement or any other Loan Document may be released; (h) any security for the Indebtedness Loan may be modified, exchanged, released, surrendered, surrendered or otherwise dealt with, with or additional security may be pledged or mortgaged for the IndebtednessLoan; (i) the payment of the Indebtedness Loan or any security for the IndebtednessLoan, 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 (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 Loan Documents may be modifiedmodified as required by LHC.

No Effect Upon Obligations. Lender may, but shall not be obligated to, agree with BorrowerXxxxxxxx, 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 Xxxxxx 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.

No Effect Upon Obligations. Lender may, but shall not be obligated to, agree with Borrowerany Obligor, 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 Borrowerany Obligor’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 any Obligor 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 Borrowerany Obligor; or any other terms of the Loan Documents may be modified.