Release of Seller Party. Buyer shall not accept a release of liability from any Borrower Party or grant a release of liability to any Borrower Party with respect to the Loan or the Foreclosure Judgment (if any), unless Buyer shall have used commercially reasonable efforts to obtain the simultaneous release of Seller and Seller Party from all Claims which Borrower Party could have against Seller and/or Seller Party with respect to the Loan and the Foreclosure Judgment (if any) prior to the date of such release.
Appears in 4 contracts
Samples: Assignment Agreement, Assignment Agreement (Resource Real Estate Opportunity REIT, Inc.), Agreement for Sale and Purchase (Resource Real Estate Opportunity REIT, Inc.)
