Common use of No Impairment of Security Clause in Contracts

No Impairment of Security. The lien, security interest and other security rights of Mortgagee hereunder or under any other Loan Document shall not be impaired by any indulgence, moratorium or release granted by Mortgagee including, but not limited to, any renewal, extension or modification which Mortgagee may grant with respect to any Secured Indebtedness, or any surrender, compromise, release, renewal, extension, exchange or substitution which Mortgagee may grant in respect of the Property, or any part thereof or any interest therein, or any release or indulgence granted to any endorser, guarantor or surety of any Secured Indebtedness. The taking of additional security by Mortgagee shall not release or impair the lien, security interest or other security rights of Mortgagee hereunder or affect the liability of Mortgagor or of any endorser, guarantor or surety, or improve the right of any junior lien mortgagee in the Property (without implying hereby Mortgagee’s consent to any junior lien).

Appears in 9 contracts

Samples: Loan Agreement and Secured Promissory Note (Cellteck Inc.), Security Agreement (Cellteck Inc.), Assignment, Security Agreement and Fixture Filing (Cellteck Inc.)

AutoNDA by SimpleDocs

No Impairment of Security. The lien, security interest and other security rights of Mortgagee Xxxxxx and Lenders hereunder or under any other Loan Document shall not be impaired by any indulgence, moratorium or release granted by Mortgagee including, but not limited to, Holder including any renewal, extension or modification which Mortgagee Holder may grant with respect to any Secured Indebtedness, or any surrender, compromise, release, renewal, extension, exchange or substitution which Mortgagee Holder may grant in respect of the Property, or any part thereof or any interest therein, or any release or indulgence granted to any endorser, guarantor or surety of any Secured Indebtedness. The taking of additional security by Mortgagee Xxxxxx and Lenders shall not release or impair the lien, security interest or other security rights of Mortgagee Xxxxxx and Lenders hereunder or affect the liability of Mortgagor Borrowers or the Grantor or of any endorser, guarantor or surety, or improve the right of any junior lien mortgagee lienholder in the Property (without implying hereby Mortgagee’s any consent to any junior lienlien by Holder or Lenders).

Appears in 8 contracts

Samples: Security Agreement and Fixture Filing (Prospect Medical Holdings Inc), Security Agreement and Fixture Filing (Prospect Medical Holdings Inc), Security Agreement and Fixture Filing (Prospect Medical Holdings Inc)

No Impairment of Security. The lien, security interest and other security rights of Mortgagee hereunder or under any other NL Loan Document shall not be impaired by any indulgence, moratorium or release granted by Mortgagee including, but not limited to, any renewal, extension or modification which Mortgagee may grant with respect to any Secured Indebtedness, or any surrender, compromise, release, renewal, extension, exchange or substitution which Mortgagee may grant in respect of the Property, or any part thereof or any interest therein, or any release or indulgence granted to any endorser, guarantor or surety of any Secured Indebtedness. The taking of additional security by Mortgagee shall not release or impair the lien, security interest or other security rights of Mortgagee hereunder or affect the liability of Mortgagor or of any endorser, guarantor or surety, or improve the right of any junior lien mortgagee in the Property (without implying hereby Mortgagee’s 's consent to any junior lien).

Appears in 2 contracts

Samples: Assignment, Security Agreement and Fixture Filing (Compx International Inc), Assignment, Security Agreement and Fixture Filing (Nl Industries Inc)

No Impairment of Security. The lien, security interest and other security rights of Mortgagee hereunder or under any other Loan Document shall not be impaired by any indulgence, moratorium or release granted by Mortgagee including, but not limited to, any renewal, extension or modification which Mortgagee may grant with respect to any Secured Indebtedness, or any surrender, compromise, release, renewal, extension, exchange or substitution which Mortgagee may grant in respect of the Property, or any part thereof or any interest therein, or any release or indulgence granted to any endorser, guarantor or surety of any Secured Indebtedness. The taking of additional security by Mortgagee shall not release or impair the lien, security interest or other security rights of Mortgagee hereunder or affect the liability of Mortgagor or of any endorser, guarantor or surety, or improve the right of any junior lien mortgagee Mortgagee in the Property (without implying hereby Mortgagee’s consent to any junior lien).

Appears in 2 contracts

Samples: Loan Agreement (Acadia Realty Trust), Rents and Security Agreement (Acadia Realty Trust)

No Impairment of Security. The lien, security interest and other ------------------------- security rights of Mortgagee hereunder or under any other Loan Document shall not be impaired by any indulgence, moratorium or release granted by Mortgagee including, but not limited to, any renewal, extension or modification which Mortgagee may grant with respect to any Secured Indebtednesssecured indebtedness, or any surrender, compromise, release, renewal, extension, exchange or substitution which Mortgagee may grant in respect of the Property, or any part thereof or any interest therein, or any release or indulgence granted to any endorser, guarantor or surety of any Secured Indebtednesssecured indebtedness. The taking of additional security by Mortgagee shall not release or impair the lien, security interest or other security rights of Mortgagee hereunder or affect the liability of Mortgagor or of any endorser, guarantor or surety, or improve the right of any junior lien mortgagee lienholder in the Property (without implying hereby Mortgagee’s 's consent to any junior lien).

Appears in 2 contracts

Samples: Assignment and Security Agreement (Wells Real Estate Investment Trust Inc), Security Agreement (Wells Real Estate Investment Trust Inc)

No Impairment of Security. The lien, security interest and other security rights of Mortgagee hereunder or under any other Loan Document shall not be impaired by any indulgence, moratorium or release granted by Mortgagee including, but not limited to, any renewal, extension or modification which Mortgagee may grant with respect to any Secured Indebtedness, or any surrender, compromise, release, renewal, extension, exchange or substitution which Mortgagee may grant in respect of the Property, or any part thereof or any interest therein, or any release or indulgence granted to any endorser, guarantor or surety of any Secured Indebtedness. The taking of additional security by Mortgagee shall not release or impair the lien, security interest or other security rights of Mortgagee hereunder or affect the liability of Mortgagor or of any endorser, guarantor or surety, or improve the right of any junior lien mortgagee Mortgagee in the Property (without implying hereby Mortgagee’s 's consent to any junior lien).

Appears in 1 contract

Samples: , and Security Agreement (Acadia Realty Trust)

No Impairment of Security. The lien, security interest and other security rights of Mortgagee Holder hereunder or under any other Loan Document shall not be impaired by any indulgence, moratorium or release granted by Mortgagee Xxxxxx including, but not limited to, any renewal, extension or modification which Mortgagee Holder may grant with respect to any Secured Indebtednesssecured indebtedness, or any surrender, compromise, release, renewal, extension, exchange or substitution which Mortgagee Holder may grant in respect of the Mortgaged Property, or any part thereof or any interest therein, or any release or indulgence granted to any endorser, guarantor or surety of any Secured Indebtedness. secured indebtedness, The taking of additional security by Mortgagee Xxxxxx shall not release or impair the lien, security interest or other security rights of Mortgagee Holder hereunder or affect the liability of Mortgagor Grantor or of any endorser, guarantor or surety, or improve the right of any junior lien mortgagee lienholder in the Mortgaged Property (without implying hereby Mortgagee’s Holder's consent to any junior lien).

Appears in 1 contract

Samples: Security Agreement and Financing Statement (Apartment Investment & Management Co)

No Impairment of Security. The lien, security interest and other security rights of Mortgagee hereunder or under any other Loan Document shall not be impaired by any indulgence, moratorium or release granted by Mortgagee including, but not limited to, any renewal, extension or modification which Mortgagee may grant with respect to any Secured Indebtedness, or any surrender, compromise, release, renewal, extension, exchange or substitution which Mortgagee may grant in respect of the Property, or any part thereof or any interest therein, or any release or indulgence granted to any endorser, guarantor or surety of any Secured Indebtedness. The taking of additional security by Mortgagee shall not release or impair the lien, security interest or other security rights of Mortgagee hereunder or affect the liability of Mortgagor or of any endorser, guarantor or surety, or improve the right of any junior lien mortgagee lienholder in the Property (without implying hereby Mortgagee’s consent to any junior lien).

Appears in 1 contract

Samples: Credit Agreement (Amylin Pharmaceuticals Inc)

AutoNDA by SimpleDocs

No Impairment of Security. The lien, security interest and other security rights of Mortgagee Agent and each other Holder hereunder or under any other Loan Document shall not be impaired by any indulgence, moratorium or release granted by Mortgagee Agent including, but not limited to, any renewal, extension or modification which Mortgagee Holders may grant with respect to any Secured Indebtednesssecured indebtedness, or any surrender, compromise, release, renewal, extension, exchange or substitution which Mortgagee Agent may grant in respect of the Mortgaged Property, or any part thereof or any interest therein, or any release or indulgence granted to any endorser, guarantor or surety of any Secured Indebtednesssecured indebtedness. The taking of additional security by Mortgagee Agent or any other Holder shall not release or impair the lien, security interest or other security rights of Mortgagee Agent and each other Holder hereunder or affect the liability of Mortgagor Grantor or of any endorser, guarantor or surety, or improve the right of any junior lien mortgagee lienholder in the Mortgaged Property (without implying hereby Mortgagee’s Agent's consent to any junior lien).

Appears in 1 contract

Samples: Packaged Ice Inc

No Impairment of Security. The lien, security interest and other security rights of Mortgagee hereunder or under any other Loan Credit Document shall not be impaired by any indulgence, moratorium or release granted by Mortgagee including, but not limited to, any renewal, extension or modification which Mortgagee may grant with respect to any Secured IndebtednessObligations, or any surrender, compromise, release, renewal, extension, exchange or substitution which Mortgagee may grant in respect of the Mortgaged Property, or any part thereof or any interest therein, or any release or indulgence granted to any endorser, guarantor or surety of any Secured IndebtednessObligations. The taking of additional security by Mortgagee shall not release or impair the lien, security interest or other security rights lights of Mortgagee hereunder or affect the liability of Mortgagor or of any endorser, guarantor or surety, or improve the right of any junior lien mortgagee lienholder in the Mortgaged Property (without implying hereby Mortgagee’s consent Consent to any junior lien).,

Appears in 1 contract

Samples: Green Plains Renewable Energy, Inc.

No Impairment of Security. The lien, security interest and other security rights of Mortgagee the Beneficiary hereunder or under any other Loan Document agreement between the Beneficiary and Grantor shall not be impaired by any indulgence, moratorium or release granted by Mortgagee the Beneficiary including, but not limited to, any renewal, extension or modification which Mortgagee the Beneficiary may grant with respect to any Secured Indebtedness, or any surrender, compromise, release, renewal, extension, exchange or substitution which Mortgagee the Beneficiary may grant in respect of the Mortgaged Property, or any part thereof or any interest therein, therein or any release or indulgence granted to any endorser, guarantor or surety of any Secured Indebtedness. The taking of additional security by Mortgagee the Beneficiary shall not release or impair the lien, security interest or other security rights of Mortgagee the Beneficiary hereunder or affect the liability of Mortgagor Grantor or of any endorser, guarantor or surety, or improve the right of any junior lien mortgagee lienholder in the Mortgaged Property (without implying hereby Mortgagee’s the Beneficiary's consent to any junior lien).

Appears in 1 contract

Samples: Security Agreement (Arabian American Development Co)

No Impairment of Security. The lien, security interest and other security rights of Mortgagee Administrative Lender hereunder or under any other Loan Document Paper shall not be impaired by any indulgence, moratorium or release granted by Mortgagee Administrative Lender including, but not limited to, any renewal, extension or modification which Mortgagee Administrative Lender may grant with respect to any Secured Indebtedness, or any surrender, compromise, release, renewal, extension, exchange or substitution which Mortgagee Administrative Lender may grant in respect of the Mortgaged Property, or any part thereof or any interest therein, or any release or indulgence granted to any endorser, guarantor or surety of any Secured Indebtedness. The taking of additional security by Mortgagee Administrative Lender shall not release or impair the lien, security interest or other security rights of Mortgagee Administrative Lender hereunder or affect the liability of Mortgagor Grantor or of any endorser, guarantor or surety, or improve the right of any junior lien mortgagee lienholder in the Mortgaged Property (without implying hereby Mortgagee’s Administrative Lender's consent to any junior lien).

Appears in 1 contract

Samples: Credit Agreement (Lubys Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.