Common use of No Release of Liability Clause in Contracts

No Release of Liability. No obligations of any party to this note shall be affected by [i] any default in this note or any Collateral Document when accepted by Lender or arising any time thereafter; [ii] the unenforceability of or defect in this note or in any Collateral Document or any interest conveyed by any Collateral Document; [iii] any decline in the value of any interest in any property conveyed by any Collateral Document; or, [iv] the death, incompetence, insolvency, dissolution, liquidation or winding up of affairs of any party to this note or any Collateral Document or the start of insolvency proceedings by or against any such party. EACH PARTY TO ANY COLLATERAL DOCUMENT WAIVES ALL SURETYSHIP DEFENSES. No party to this note or any Collateral Document may enforce any right of subrogation or contribution unless and until this note is paid in full and waives all rights of subrogation against any party that is subject to insolvency proceedings unless and until this note is paid in full.

No Release of Liability. No obligations of any party to this note Note shall be affected by [i] any default in this note or any Collateral Document when accepted by Lender or arising any time thereafter; [ii] the unenforceability of or defect in this note or in any Collateral Document or any interest conveyed by any Collateral Document; [iii] any decline in the value of any interest in any property conveyed by any Collateral Document; or, [iv] the death, incompetence, insolvency, dissolution, liquidation or winding up of affairs of any party to this note or any Collateral Document or the start of insolvency proceedings by or against any such party. EACH PARTY TO ANY COLLATERAL DOCUMENT THIS NOTE WAIVES ALL SURETYSHIP AND OTHER SIMILAR DEFENSES. No party to this note or any Collateral Document may enforce any right of subrogation or contribution unless and until this note is paid in full and waives all rights of subrogation against any party that is subject to insolvency proceedings unless and until this note is paid in full.

No Release of Liability. No obligations of any party to this note Note shall be affected by [i] (a) any default in this note Note or any Collateral Loan Document when accepted by Lender or arising any time thereafter; [ii] (b) the unenforceability of or defect in this note Note or in any Collateral Loan Document or any interest conveyed by any Collateral Loan Document; [iii] (c) any decline in the value of any interest in any property conveyed by any Collateral Loan Document; or, [iv] or (d) the death, incompetence, insolvency, dissolution, liquidation or winding up of affairs of any party to this note Note or any Collateral Loan Document or the start of insolvency proceedings by or against any such party. EACH PARTY TO ANY COLLATERAL THIS NOTE AND EACH LOAN DOCUMENT WAIVES ALL SURETYSHIP AND OTHER SIMILAR DEFENSES. No party to this note Note or any Collateral Loan Document may enforce any right of subrogation or contribution unless and until this note Note is paid in full and waives all rights of subrogation against any party that is subject to insolvency proceedings unless and until this note is paid in fullproceedings.

No Release of Liability. No Subject to §28 hereof, no obligations of any party to this note shall be affected by [i] any default in this note or any Collateral Document when accepted by Lender or arising any time thereafter; [ii] the unenforceability of or defect in this note or in any Collateral Document or any interest conveyed by any Collateral Document; [iii] any decline in the value of any interest in any property conveyed by any Collateral Document; or, [iv] the death, incompetence, insolvency, dissolution, liquidation or winding up of affairs of any party to this note or any Collateral Document or the start of insolvency proceedings by or against any such party. EACH PARTY TO ANY COLLATERAL DOCUMENT WAIVES ALL SURETYSHIP DEFENSES. No party to this note or any Collateral Document may enforce any right of subrogation or contribution unless and until this note is paid in full satisfied and waives all rights of subrogation against any party that is subject to insolvency proceedings unless and until this note is paid in fullsatisfied.

No Release of Liability. No obligations of any party to this note Note shall be affected by [i] any default in this note Note or any Collateral Document when accepted by Lender or arising any time thereafter; [ii] the unenforceability of or defect in this note Note or in any Collateral Document or any interest conveyed by any Collateral Document; [iii] any decline in the value of any interest in any property conveyed by any Collateral Document; or, [iv] the death, incompetence, insolvency, dissolution, liquidation or winding up of affairs of any party to this note Note or any Collateral Document or the start of insolvency proceedings by or against any such party. EACH PARTY TO ANY COLLATERAL DOCUMENT WAIVES ALL SURETYSHIP DEFENSES. No party to this note Note or any Collateral Document may enforce any right of subrogation or contribution unless and until this note Note is paid in full and waives all rights of subrogation against any party that is subject to insolvency proceedings unless and until this note Note is paid in full.

No Release of Liability. No obligations of any party to this note Borrower shall be affected ------------------------- by [i] any default in this note Note or any Collateral Document when accepted by Lender or arising any time thereafter; [ii] the unenforceability of or defect in this note Note or in any Collateral Document or any interest conveyed by any Collateral Document; [iii] any decline in the value of any interest in any property conveyed by any Collateral Document; or, [iv] the death, incompetence, insolvency, dissolution, liquidation or winding up of affairs of any party to this note or any Collateral Document Borrower or the start of insolvency proceedings by or against any such party. EACH PARTY TO ANY COLLATERAL DOCUMENT THIS NOTE WAIVES ALL SURETYSHIP AND OTHER SIMILAR DEFENSES. No party to this note or any Collateral Document Borrower may not enforce any right of subrogation or contribution unless and until this note Note is paid in full and waives all rights of subrogation against any party that is subject to insolvency proceedings unless and until this note Note is paid in full.