Common use of Unsecured Obligations Clause in Contracts

Unsecured Obligations. Indemnitor hereby acknowledges that Lender’s appraisal of the Property is such that Lender is not willing to accept the consequences of the inclusion of Indemnitor’s indemnity set forth herein among the obligations secured by the Security Instrument and the other Loan Documents and that Lender would not make the Loan but for the unsecured personal liability undertaken by Indemnitor herein.

Appears in 9 contracts

Samples: Indemnity and Guaranty Agreement (IMH Financial Corp), Indemnity and Guaranty Agreement (IMH Financial Corp), Indemnity and Guaranty Agreement (IMH Financial Corp)

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Unsecured Obligations. Indemnitor hereby acknowledges that Lender’s appraisal of the Property is such that Lender is not willing to accept the consequences of the inclusion of Indemnitor’s indemnity set forth herein among the obligations secured by the Security Instrument and the other Loan Documents and that Lender would not make the Loan but for the unsecured personal liability undertaken by Indemnitor herein.. (c)

Appears in 2 contracts

Samples: Indemnity and Guaranty Agreement, Indemnity and Guaranty Agreement

Unsecured Obligations. Indemnitor hereby acknowledges that Lender’s 's appraisal of the Property is such that Lender is not willing to accept the consequences of the inclusion of Indemnitor’s 's indemnity set forth herein among the obligations secured by the Security Instrument Deed of Trust and the other Loan Documents and that Lender would not make the Loan but for the unsecured personal recourse liability undertaken by Indemnitor herein.

Appears in 2 contracts

Samples: Indemnity and Guaranty Agreement (Cornerstone Realty Income Trust Inc), Indemnity and Guaranty Agreement (Cornerstone Realty Income Trust Inc)

Unsecured Obligations. Indemnitor hereby acknowledges that --------------------- Lender’s 's appraisal of the Property is such that Lender is not willing to accept the consequences of the inclusion of Indemnitor’s 's indemnity set forth herein among the obligations secured by the Security Instrument Deed of Trust and the other Loan Documents and that Lender would not make the Loan but for the unsecured personal recourse liability undertaken by Indemnitor herein.

Appears in 2 contracts

Samples: Indemnity and Guaranty Agreement (Apple Suites Inc), Indemnity and Guaranty Agreement (Cornerstone Realty Income Trust Inc)

Unsecured Obligations. Indemnitor hereby acknowledges that Lender’s appraisal of the Property is such that Lender is not willing to accept the consequences of the inclusion of Indemnitor’s indemnity set forth herein among the obligations secured by the Security Instrument Deed of Trust and the other Loan Documents and that Lender would not make the Loan but for the unsecured personal liability undertaken by Indemnitor herein.

Appears in 2 contracts

Samples: Indemnity and Guaranty Agreement (Grubb & Ellis Healthcare REIT II, Inc.), Indemnity and Guaranty Agreement (Secured Investment Resources Fund Lp Ii)

Unsecured Obligations. Indemnitor hereby acknowledges that Lender’s 's appraisal of the Property Collateral is such that Lender is not willing to accept the consequences of the inclusion of Indemnitor’s 's indemnity set forth herein among the obligations secured by the Security Instrument Documents and the other Loan Documents and that Lender would not make the Loan but for the unsecured personal liability undertaken by Indemnitor herein.

Appears in 2 contracts

Samples: Indemnity and Guaranty Agreement (Wellsford Real Properties Inc), Indemnity and Guaranty Agreement (Wellsford Real Properties Inc)

Unsecured Obligations. Indemnitor hereby acknowledges that Lender’s 's appraisal of the Mortgaged Property is such that Lender is not willing to accept the consequences of the inclusion of Indemnitor’s 's indemnity set forth herein among the obligations secured by the Security Instrument Indenture and the other Loan Documents and that Lender would not make the Loan but for the unsecured personal liability undertaken by Indemnitor herein.

Appears in 2 contracts

Samples: Indemnity and Guaranty Agreement (Maxxam Inc), Indemnity and Guaranty Agreement (Maxxam Inc)

Unsecured Obligations. Indemnitor hereby acknowledges that --------------------- Lender’s 's appraisal of the Property Properties is such that Lender is not willing to accept the consequences of the inclusion of Indemnitor’s 's indemnity set forth herein among the obligations secured by the Security Instrument Mortgages and the other Loan Documents and that Lender would not make the Loan but for the unsecured personal liability undertaken by Indemnitor herein.

Appears in 1 contract

Samples: Indemnity and Guaranty Agreement (Discovery Investments Inc)

Unsecured Obligations. Indemnitor hereby acknowledges that Lender’s appraisal of the Property is such that Lender is not willing to accept the consequences of the inclusion of Indemnitor’s indemnity set forth herein among the obligations secured by the Security Instrument Mortgage and the other Loan Documents and that Lender would not make the Loan but for the unsecured personal recourse liability undertaken by Indemnitor herein.

Appears in 1 contract

Samples: Indemnity and Guaranty Agreement (Apple Hospitality Two Inc)

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Unsecured Obligations. Indemnitor hereby acknowledges that Lender’s 's appraisal of the Property is such that Lender is not willing to accept the consequences of the inclusion of Indemnitor’s 's indemnity set forth herein among the obligations secured by the Security Instrument and the other Loan Documents and that Lender would not make consent to the sale of the Property to, and the assumption of the Loan by, Assumptor but for the unsecured personal liability undertaken by Indemnitor herein.

Appears in 1 contract

Samples: Indemnity and Guaranty Agreement (Inland Diversified Real Estate Trust, Inc.)

Unsecured Obligations. Indemnitor hereby acknowledges that Lender’s 's appraisal of the Security Property is such that Lender is not willing to accept the consequences of the inclusion of Indemnitor’s 's indemnity set forth herein among the obligations secured by the Security Instrument and the other Loan Documents and that Lender would not make the Loan but for the unsecured personal liability undertaken by Indemnitor herein.

Appears in 1 contract

Samples: Indemnity and Guaranty Agreement (Old Line Bancshares Inc)

Unsecured Obligations. Indemnitor hereby acknowledges that Lender’s 's appraisal of the Security Property is such that Lender is not willing to accept the consequences of the inclusion of Indemnitor’s 's indemnity set forth herein among the obligations secured by the Security Instrument Deed of Trust and the other Loan Documents and that Lender would not make the Loan but for the unsecured personal liability undertaken by Indemnitor herein.

Appears in 1 contract

Samples: Indemnity and Guaranty Agreement (President Casinos Inc)

Unsecured Obligations. Indemnitor hereby acknowledges that Lender’s 's appraisal of the Mortgaged Property is such that Lender is not willing to accept the consequences of the inclusion of Indemnitor’s 's indemnity set forth herein among the obligations secured by the Security Instrument Mortgage and the other Loan Documents and that Lender would not make the Loan but for the unsecured personal liability undertaken by Indemnitor herein.

Appears in 1 contract

Samples: Indemnity and Guaranty Agreement (Host Funding Inc)

Unsecured Obligations. Indemnitor Indemnitors hereby acknowledges acknowledge that Lender’s 's --------------------- appraisal of the Security Property is such that Lender is not willing to accept the consequences of the inclusion of Indemnitor’s Indemnitors' indemnity set forth herein among the obligations secured by the Security Instrument Deed of Trust and the other Loan Documents and that Lender would not make the Loan but for the unsecured personal liability undertaken by Indemnitor Indemnitors herein.

Appears in 1 contract

Samples: Indemnity and Guaranty Agreement (Brookdale Living Communities Inc)

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