Examples of Unsecured Indemnity Agreement in a sentence
The release of any party under this Note shall not operate to release any other party which is liable under this Note and/or under the other Loan Documents or under the Unsecured Indemnity Agreement.
Indemnity Agreement: Unsecured Indemnity Agreement dated as of the Execution Date and executed by Borrower and Liable Parties in favor of Lender in connection with this Mortgage.
No right or remedy under any of the Loan Documents, the Guaranty, or the Unsecured Indemnity Agreement is intended to be exclusive of any other right or remedy but shall be cumulative and may be exercised concurrently with or independently from any other right and remedy under any of the Loan Documents, the Guaranty, or the Unsecured Indemnity Agreement (as applicable) or under applicable law.
Mortgagor shall pay the Secured Indebtedness to Mortgagee and shall keep and perform each and every other obligation, covenant and agreement of the Loan Documents and the Unsecured Indemnity Agreement.
Except with respect to such representations and warranties contained in this Mortgage, any other Loan Document or the Unsecured Indemnity Agreement which are qualified as being made to the best of Mortgagor’s knowledge, all representations and warranties made by Mortgagor in this Mortgage, any other Loan Document or the Unsecured Indemnity Agreement are accurate, complete and correct in all material respects.
To the best of Mortgagor’s knowledge, there are no claims for payment for work, labor or materials affecting the Property which are or may become a lien prior to, or of equal priority with, the Liens created by the Loan Documents, the Guaranty, and the Unsecured Indemnity Agreement (if any).
To the fullest extent permitted by law, Mortgagor and Mortgagee HEREBY WAIVE THEIR RESPECTIVE RIGHT TO TRIAL BY JURY in any action, proceeding and/or hearing on any matter whatsoever arising out of, or in any way connected with, the Note, this Mortgage, any of the Loan Documents, the Guaranty, or the Unsecured Indemnity Agreement, or the enforcement of any remedy under any law, statute, or regulation.
Mortgagor agrees that all of the representations and warranties of Mortgagor set forth in Section 2.01 and elsewhere in this Mortgage, the other Loan Documents and the Unsecured Indemnity Agreement shall be deemed given and made as of the Execution Date and the date of the funding of the Loan and survive for so long as any amount remains owing to Mortgagee under this Mortgage, any of the other Loan Documents, or the Unsecured Indemnity Agreement by Mortgagor.
Each of Mortgagor and Liable Party has taken all necessary action to authorize the execution, delivery and performance of this Mortgage, the Guaranty, the Unsecured Indemnity Agreement, and any other Loan Documents to which it is a party.
Mortgagee may apply the proceeds of the additional security to the Secured Indebtedness without affecting or waiving any right to any other security, including the security under this Mortgage, and without waiving any breach or default of Mortgagor under this Mortgage, any other Loan Document, or the Unsecured Indemnity Agreement.