Waivers of Subrogation and Other Rights. (a) During the existence of an Event of Default by Borrower, Agent or any Lender, without prior notice to or consent of Guarantor, may elect to: (i) foreclose either judicially or nonjudicially against any real or personal property security it may hold for the Indebtedness, (ii) accept a transfer of any such security in lieu of
Appears in 1 contract
Samples: Payment Guaranty (Apartment Investment & Management Co)
