Changes to the Principal Contract. The Mortgagor hereby acknowledges that, if any extension granted by the Mortgagee to the debtor or the amendments or changes made by the Mortgagee and the debtor to any provisions of the Principal Contract do not increase the responsibilities of the Mortgagor, the rights and interests of the Mortgagee under this Contract shall not be affected by such changes, and the guarantee liabilities of the Mortgagor shall not be reduced or exempted because of such changes.
Appears in 3 contracts
Sources: Maximum Mortgage Contract (Applied Optoelectronics, Inc.), Maximum Mortgage Contract (Applied Optoelectronics, Inc.), Maximum Mortgage Contract (Applied Optoelectronics, Inc.)