Common use of No Impairment of Security Clause in Contracts

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

Appears in 5 contracts

Samples: Fund Loan Agreement, Loan Agreement, Loan Agreement

AutoNDA by SimpleDocs

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

Appears in 4 contracts

Samples: Regulatory Agreement, Note, Note

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

Appears in 2 contracts

Samples: Wells Real Estate Investment Trust Inc, Wells Real Estate Investment Trust Inc

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

Appears in 2 contracts

Samples: After Recording, And Security Agreement

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

Appears in 2 contracts

Samples: Interline Resources Corp, Interline Resources Corp

AutoNDA by SimpleDocs

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

Appears in 1 contract

Samples: FelCor Lodging Trust Inc

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

Appears in 1 contract

Samples: Credit Agreement (Prentiss Properties Trust/Md)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!