Pledgor’s Consent and Waiver. Pledgor hereby agrees that Administrative Agent on behalf of Lenders may enforce its rights as against Pledgor or the Collateral, or as against any other party liable for the Obligations, or as against any other collateral given for any of the Obligations, in any order or in such combination as Administrative Agent on behalf of Lenders may in its sole discretion determine, and Pledgor hereby expressly waives all suretyship defenses and defenses in the nature thereof, agrees to the release or substitution of any Collateral hereunder or otherwise, and consents to each and all of the terms, provisions and conditions of the other Credit Documents. Following the occurrence of any Event of Default, Pledgor further: (a) waives presentment, demand, notice and protest with respect to the Obligations and the Collateral; (b) waives any delay on the part of Administrative Agent or any Lender; (c) assents to any indulgence or waiver which Administrative Agent or any Lender may grant or give any other Person liable or obliged to Administrative Agent or Lenders for or on account of the Obligations; (d) authorizes Administrative Agent on behalf of Lenders to alter, amend, cancel, waive or modify any term or condition of the obligations of any other Person liable or obligated to Administrative Agent or Lenders for or on account of the Obligations without notice to or further consent from Pledgor; (e) agrees that no release of any property securing the Obligations shall affect the rights of Administrative Agent or any Lender with respect to the Collateral hereunder which is not so released; and (f) to the fullest extent that is permitted by applicable law, waives the right to notice and/or hearing, it might otherwise be entitled thereto, prior to Administrative Agent’s exercising the Rights and Remedies on behalf of Lenders upon an Event of Default.
Appears in 3 contracts
Samples: Ownership Interests Pledge and Security Agreement (Hines Real Estate Investment Trust Inc), Ownership Interests Pledge and Security Agreement (Hines Real Estate Investment Trust Inc), Ownership Interests Pledge and Security Agreement (Hines Real Estate Investment Trust Inc)
Pledgor’s Consent and Waiver. Pledgor hereby agrees that Administrative Agent Agent, on behalf of Lenders Lenders, may enforce its rights as against Pledgor or the Pledgor, the Collateral, or as against any other party liable for the Obligations, or as against any other collateral given for any of the Obligations, in any order or in such combination as Administrative Agent on behalf of Lenders may in its sole discretion determine, and Pledgor hereby expressly waives all suretyship defenses and defenses in the nature thereof, agrees to the release or substitution of any Collateral collateral hereunder or otherwise, and consents to each and all of the terms, provisions and conditions of the other Credit Documents. Following the occurrence of any Event of Default, The Pledgor further: (a) waives presentment, demand, notice and protest with respect to the Obligations and the Collateral; (b) waives any delay on the part of Administrative Agent or any Lender; (c) assents to any indulgence or waiver which Administrative Agent or any Lender may grant or give any other Person person liable or obliged to Administrative Agent or Lenders such Lender for or on account of the Obligations; (d) authorizes Administrative Agent on behalf of Lenders to alter, amend, cancel, waive or modify any term or condition of the obligations of any other Person person liable or obligated to Administrative Agent or and Lenders for or on account of the Obligations without notice to or further consent from Pledgor; (e) agrees that no release of any property securing the Obligations shall affect the rights of Administrative Agent or any Lender with respect to the Collateral hereunder which is not so released; and (f) to the fullest extent that it is permitted by applicable lawnot unlawful to do so, waives the right to notice and/or hearing, if it might otherwise be entitled thereto, prior to Administrative Agent’s or any Lender’s exercising the Rights and Remedies on behalf of Lenders upon an Event of Default.
Appears in 2 contracts
Samples: Ownership Interests Pledge and Security Agreement (Inland Real Estate Corp), Ownership Interests Pledge and Security Agreement (Inland Real Estate Corp)
Pledgor’s Consent and Waiver. Pledgor hereby agrees that Administrative Agent on behalf of Lenders the Lender may enforce its rights as against Pledgor or the Collateral, or as against any other party liable for the Obligations, or as against any other collateral given for any of the Obligations, in any order or in such combination as Administrative Agent on behalf of Lenders the Lender may in its sole discretion determine, and Pledgor hereby expressly waives all suretyship defenses and defenses in the nature thereof, agrees to the release or substitution of any Collateral hereunder or otherwise, and consents to each and all of the terms, provisions and conditions of the other Credit Loan Documents. Following the occurrence of any Event of Default, Pledgor further: :
(a) waives presentment, demand, notice and protest with respect to the Obligations and the Collateral; (b) waives any delay on the part of Administrative Agent or any the Lender; (c) assents to any indulgence or waiver which Administrative Agent or any the Lender may grant or give any other Person person liable or obliged to Administrative Agent or Lenders the Lender for or on account of the Obligations; (d) authorizes Administrative Agent on behalf of Lenders the Lender to alter, amend, cancel, waive or modify any term or condition of the obligations of any other Person person liable or obligated to Administrative Agent or Lenders the Lender for or on account of the Obligations without notice to or further consent from Pledgor; (e) agrees that no release of any property securing the Obligations shall affect the rights of Administrative Agent or any the Lender with respect to the Collateral hereunder which is not so released; and (f) to the fullest extent that is permitted by applicable law, waives the right to notice and/or hearing, it might otherwise be entitled thereto, prior to Administrative Agent’s the Lender's exercising the Rights and Remedies on behalf of Lenders upon an Event of Default.
Appears in 1 contract
Samples: Ownership Interests Pledge and Security Agreement (Anthracite Capital Inc)
Pledgor’s Consent and Waiver. The Pledgor hereby agrees that the Administrative Agent on behalf of Lenders may enforce its rights as against Pledgor or the Pledgor, the Collateral, or as against any other party liable for the Obligationsobligations, or as against any other collateral given for any of the Obligations, in any order or in such combination as the Administrative Agent on behalf of Lenders may in its sole discretion determine, and the Pledgor hereby expressly waives all suretyship defenses and defenses in the nature thereof, agrees to the release or substitution of any Collateral collateral hereunder or otherwise, and consents to each and all of the terms, provisions and conditions of the other Credit Loan Documents. Following the occurrence of any Event of Default, The Pledgor further: (a) waives presentment, demand, notice and protest with respect to the Obligations and the Collateral; (b) waives any delay on the part of the Administrative Agent or any LenderAgent, except as explicitly required under the Loan Documents; (c) assents to any indulgence or waiver which the Administrative Agent or any Lender may grant or give any other Person person liable or obliged to the Administrative Agent or Lenders for or on account of the Obligations; (d) authorizes the Administrative Agent on behalf of Lenders to alter, amend, cancel, waive or modify any term or condition of the obligations of any other Person person liable or obligated to the Administrative Agent or Lenders for or on account of the Obligations without notice to or further consent from the Pledgor; (e) agrees that no release of any property securing the Obligations shall affect the rights of the Administrative Agent or any Lender with respect to the Collateral hereunder which is not so released; and (f) to the fullest extent that it is permitted by applicable lawnot unlawful to do so, waives the right to notice and/or hearing, except as explicitly required under the Loan Documents, if it might otherwise be entitled thereto, prior to the Administrative Agent’s exercising the Rights and Remedies on behalf of Lenders upon an Event of Default.
Appears in 1 contract
Samples: Ownership Interests Pledge and Security Agreement (Grubb & Ellis Healthcare REIT II, Inc.)
Pledgor’s Consent and Waiver. Pledgor hereby agrees that Administrative Agent on behalf of Lenders Lender may enforce its rights as against Pledgor or the Collateral, or as against any other party liable for the Obligations, or as against any other collateral given for any of the Obligations, in any order or in such combination as Administrative Agent on behalf of Lenders Lender may in its sole discretion determine, and Pledgor hereby expressly waives all suretyship defenses and defenses in the nature thereof, agrees to the release or substitution of any Collateral hereunder or otherwise, and consents to each and all of the terms, provisions and conditions of the other Credit Documents. Following the occurrence of any Event of Default, Pledgor further: (a) waives presentment, demand, notice and protest with respect to the Obligations and the Collateral; (b) waives any delay on the part of Administrative Agent or any Lender; (c) assents to any indulgence or waiver which Administrative Agent or any Lender may grant or give any other Person person liable or obliged to Administrative Agent or Lenders Lender for or on account of the Obligations; (d) authorizes Administrative Agent on behalf of Lenders Lender to alter, amend, cancel, waive or modify any term or condition of the obligations of any other Person person liable or obligated to Administrative Agent or Lenders Lender for or on account of the Obligations without notice to or further consent from Pledgor; (e) agrees that no release of any property securing the Obligations shall affect the rights of Administrative Agent or any Lender with respect to the Collateral hereunder which is not so released; and (f) to the fullest extent that is permitted by applicable law, waives the right to notice and/or hearing, it might otherwise be entitled thereto, prior to Administrative AgentLender’s exercising the Rights and Remedies on behalf of Lenders upon an Event of Default.
Appears in 1 contract
Samples: Ownership Interests Pledge and Security Agreement (Anthracite Capital Inc)