Common use of Waiver by the Collateral Agent Clause in Contracts

Waiver by the Collateral Agent. The Collateral Agent may at any time and from time to time in writing (a) waive compliance by Grantor with any covenant herein made by Grantor to the extent and in the manner specified in such writing; (b) consent to Grantor doing any act which Grantor hereunder is prohibited from doing, or consent to Grantor failing to do any act which Grantor hereunder is required to do, to the extent and in the manner specified in such writing; (c) release any part of the Property, or any interest therein, from the lien and security interest of this Deed, or (d) release any party liable, either directly or indirectly, for the Secured Indebtedness or for any covenant herein or in any other instrument now or hereafter securing the payment of the Secured Indebtedness, without impairing or releasing the liability of any other party. No such act shall in any way impair the rights of the Collateral Agent hereunder except to the extent specifically agreed to by the Collateral Agent in such writing.

Waiver by the Collateral Agent. The Collateral Agent may at any time and from time to time in writing (a) waive compliance by Grantor with any covenant herein made by Grantor to the extent and in the manner specified in such writing; (b) consent to Grantor doing any act which hereunder Grantor hereunder is prohibited from doing, or consent to Grantor failing to do any act which hereunder Grantor hereunder is required to do, to the extent and in the manner specified in such writing; (c) release any part of the Mortgaged Property, or any interest therein, from the lien and security interest of this Deed, Mortgage without the joinder of Mortgagee; or (d) release any party liable, either directly or indirectly, for the Secured Indebtedness or for any covenant herein or in any of the other instrument Loan Documents now or hereafter securing the payment of the Secured Indebtedness, without impairing or releasing the liability of any other party. No such act shall in any way impair the rights of the Collateral Agent hereunder except to the extent specifically agreed to by the Collateral Agent in such writing.

Waiver by the Collateral Agent. The Collateral Agent may at any time and from time to time in writing (a) waive compliance by Grantor with any covenant herein made by Grantor to the extent and in the manner specified in such writing; (b) consent to Grantor doing any act which hereunder Grantor hereunder is prohibited from doing, or consent to Grantor failing to do any act which hereunder Grantor hereunder is required to do, to the extent and in the manner specified in such writing; (c) release any part of the Mortgaged Property, or any interest therein, from the lien and security interest of this Deed, Deed of Trust without the joinder of Trustee; or (d) release any party liable, either directly or indirectly, for the Secured Indebtedness or for any covenant herein or in any of the other instrument Loan Documents now or hereafter securing the payment of the Secured Indebtedness, without impairing or releasing the liability of any other party. No such act shall in any way impair the rights of the Collateral Agent hereunder except to the extent specifically agreed to by the Collateral Agent in such writing.