Common use of No Impairment of Lien; No Satisfaction Clause in Contracts

No Impairment of Lien; No Satisfaction. Nothing set forth herein shall affect the priority or extent of the lien of the Loan Agreement or any of the other Loan Documents, nor, except as expressly set forth herein, release or change the liability of any party who may now be, or after the Modification Effective Date may become, liable, primarily or secondarily, under the Loan Documents. This Agreement does not, and shall not be deemed or construed to, constitute the creation of new indebtedness or the satisfaction, discharge or extinguishment of the debt secured by the Loan Documents.

Appears in 2 contracts

Samples: Loan Modification Agreement (Redwood Mortgage Investors IX), Loan Modification Agreement (Redwood Mortgage Investors Viii)

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No Impairment of Lien; No Satisfaction. Nothing set forth herein shall affect the priority or extent of the lien of the Loan Agreement Security Instrument or any of the other Loan Documents, nor, except as expressly set forth herein, release or change the liability of any party who may now be, be or after the Modification Effective Date may become, become liable, primarily or secondarily, under the Loan Documents. This Agreement does not, and shall not be deemed or construed to, constitute the creation of new indebtedness or the satisfaction, discharge or extinguishment of the debt secured by the Loan Documents.

Appears in 2 contracts

Samples: Assumption and Release Agreement, Assumption and Release Agreement (American Realty Capital - Retail Centers of America, Inc.)

No Impairment of Lien; No Satisfaction. Nothing set forth herein shall affect the priority or extent of the lien of the Loan Agreement Security Instrument or any of the other Loan Documents, nor, except as expressly set forth herein, release or change the liability of any party who may now be, be or after the Modification Effective Date may becomeDate, become liable, primarily or secondarily, under the Loan Documents. This Agreement does not, and shall not be deemed or construed to, constitute the creation of new indebtedness or the satisfaction, discharge or extinguishment of the debt secured by the Loan Documents.

Appears in 2 contracts

Samples: Assumption and Release Agreement, Assumption and Release Agreement (Chesapeake Lodging Trust)

No Impairment of Lien; No Satisfaction. Nothing set forth herein shall affect the priority or extent of the lien of the Loan Agreement Mortgage or any of the other Loan Documents, nor, except as expressly set forth herein, release or change the liability of any party who may now be, be or after the Modification Effective Date may becomeDate, become liable, primarily or secondarily, under the Loan Documents. This Agreement does not, and shall not be deemed or construed to, constitute the creation of new indebtedness or the satisfaction, discharge or extinguishment of the debt secured by the Loan Documents.

Appears in 1 contract

Samples: Assumption and Release Agreement (W2007 Grace Acquisition I Inc)

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No Impairment of Lien; No Satisfaction. Nothing set forth herein shall affect the priority or extent of the lien of the Loan Agreement or any of the other Loan Documents, nor, except as expressly set forth herein, release or change the liability of any party who may now be, be or after the Modification Effective Date may becomeDate, become liable, primarily or secondarily, under the Loan Documents. This Agreement does not, and shall not be deemed or construed to, constitute the creation of new indebtedness or the satisfaction, discharge or extinguishment of the debt secured by the Loan Documents.

Appears in 1 contract

Samples: Assumption and Release Agreement (W2007 Grace Acquisition I Inc)

No Impairment of Lien; No Satisfaction. Nothing set forth herein shall affect the priority or extent of the lien of the Loan Agreement Deed of Trust or any of the other Loan Documents, nor, except as expressly set forth herein, release or change the liability of any party who may now be, be or after the Modification Effective Date may becomedate of this Agreement, become liable, primarily or secondarily, under the Loan Documents. This Agreement does not, and shall not be deemed or construed to, constitute the creation of new indebtedness or the satisfaction, discharge or extinguishment of the debt secured by the Loan Documents.

Appears in 1 contract

Samples: Assumption and Release Agreement (Montgomery Realty Group Inc)

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