NO WAIVER OR DISCHARGE. Assignor shall not be discharged, and the security herein shall not be waived, or anyway affected or impaired, and the priority of Assignee’s liens hereunder shall in no way be affected or implied, by any extension of time, the making of additional advances or notes, any renewal or extension of the Loan, any modification to the terms of the Loan, any decrease or increase in the interest rate of the Loan, the taking of further security, releases of a part or all of the property securing the Loan, extinguishment or release of this Assignment as to all or any part of Assignee’s Membership Interests, or any other act except a release or discharge of this Assignment upon the full payment of the Loan secured by this Assignment.
Appears in 3 contracts
Samples: Collateral Assignment of Member Interest (Global Water Resources, Inc.), Collateral Assignment of Member Interest (Global Water Resources, Inc.), Collateral Assignment of Member Interest (Global Water Resources, Inc.)
NO WAIVER OR DISCHARGE. Assignor shall not be discharged, and the security herein shall not be waived, or anyway affected or impaired, and the priority of Assignee’s liens hereunder shall in no way be affected or implied, by any extension of timelime, the making of additional advances or notes, any renewal or extension of the Loan, any modification to the terms of the Loan, any decrease or increase in the interest rate of the Loan, the taking of further security, releases of a part or all of the property securing the Loan, extinguishment or release of this Assignment as to all or any part of Assignee’s Membership Interests, or any other act except a release or discharge of this Assignment upon the full payment of the Loan secured by this Assignment.
Appears in 1 contract
Samples: Collateral Assignment of Member Interest (Global Water Resources, Inc.)
