Common use of Powers of the Mortgagee Clause in Contracts

Powers of the Mortgagee. The Mortgagee may at any time or from time to time in accordance with the Credit Agreements renew or extend this Mortgage or (with the agreement of the Mortgagor) alter or modify the same in any way, or waive any of the terms, covenants or conditions hereof or thereof, in whole or in part, and may release any portion of the Mortgage Estate or any other security, and grant such extensions and indulgences in relation to the Obligations, or release any person liable therefor as the Mortgagee may determine without the consent of any junior lienor or encumbrancer, without any obligation to give notice of any kind thereto, without in any manner affecting the priority of the lien and estate of this Mortgage on or in any part of the Mortgage Estate, and without affecting the liability of any other person liable for any of the Obligations.

Appears in 1 contract

Samples: Security Agreement (Chart Industries Inc)

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Powers of the Mortgagee. The Mortgagee may at any time or ------------------------ from time to time in accordance with the Credit Agreements renew or extend this Mortgage or (with the agreement of the Mortgagor) alter or modify the same in any way, or waive any of the terms, covenants or conditions hereof or thereof, in whole or in part, and may release or reconvey any portion of the Mortgage Mortgaged Estate or any other security, and grant such extensions and indulgences in relation to the Loan Obligations, or release any person Person liable therefor as the Mortgagee may determine without the consent of any junior lienor or encumbrancer, without any obligation to give notice of any kind thereto, without in any manner affecting the priority of the lien and estate of this Mortgage on or in any part of the Mortgage Mortgaged Estate, and without affecting the liability of any other person Person liable for any of the Loan Obligations.

Appears in 1 contract

Samples: Security Agreement (G&l Realty Corp)

Powers of the Mortgagee. The Mortgagee may at any time or from time to time in accordance with the Credit Agreements Indentures renew or extend this Mortgage or (with the agreement of the Mortgagor) alter or modify the same in any way, or waive any of the terms, covenants or conditions hereof or thereof, in whole or in part, and may release any portion of the Mortgage Estate or any other security, and grant such extensions and indulgences in relation to the Obligations, or release any person liable therefor as the Mortgagee may determine without the consent of any junior lienor or encumbrancer, without any obligation to give notice of any kind thereto, without in any manner affecting the priority of the lien and estate of this Mortgage on or in any part of the Mortgage Estate, and without affecting the liability of any other person liable for any of the Obligations.

Appears in 1 contract

Samples: Multiple Indebtedness Mortgage (Texas Unwired)

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Powers of the Mortgagee. The Mortgagee may at any time or from time to time in accordance with the Credit Agreements renew or extend this Mortgage or (with the agreement of the Mortgagor) alter or modify the same in any way, or waive any of the terms, covenants or conditions hereof or thereof, in whole or in part, and may release or reconvey any portion of the Mortgage Mortgaged Estate or any other security, and grant such extensions and indulgences in relation to the Loan Obligations, or release any person Person liable therefor as the Mortgagee may determine without the consent of any junior lienor or encumbrancer, without any obligation to give notice of any kind thereto, without in any manner affecting the priority of the lien and estate of this Mortgage on or in any part of the Mortgage Mortgaged Estate, and without affecting the liability of any other person Person liable for any of the Loan Obligations.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (Mark Centers Trust)

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