Common use of Debt Cancellation Clause in Contracts

Debt Cancellation. Cancel or otherwise forgive or release any material claim or debt owed to it by any Person, except for adequate consideration or in the ordinary course of its business;

Appears in 13 contracts

Samples: Loan and Security Agreement (Ashford Hospitality Trust Inc), Mezzanine Loan and Security Agreement (Strategic Hotels & Resorts, Inc), Mezzanine Loan and Security Agreement (Strategic Hotels & Resorts, Inc)

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Debt Cancellation. Cancel or otherwise forgive or release any material claim or debt owed to it Borrower by any Person, except for adequate consideration or and in the ordinary course of Borrower's business in its businessreasonable judgment;

Appears in 2 contracts

Samples: Loan Agreement (Fac Realty Trust Inc), Loan Agreement (United Investors Realty Trust)

Debt Cancellation. Cancel or otherwise forgive or release any material claim or debt owed to it by any Person, except for adequate consideration or in the ordinary a commercially reasonable course of its business;

Appears in 1 contract

Samples: Loan and Security Agreement (Alexanders Inc)

Debt Cancellation. Cancel or otherwise forgive or release any material claim or debt owed to it such Person by any other Person, except for adequate consideration or in the ordinary course of its business;.

Appears in 1 contract

Samples: Loan Agreement (Ocwen Asset Investment Corp)

Debt Cancellation. Cancel or otherwise forgive or release any material claim ----------------- or debt owed to it such Borrower by any Person, except for adequate consideration or in the ordinary course of such Borrower's business in its businessreasonable judgment and in a manner consistent with the operation of first class Retail Properties;

Appears in 1 contract

Samples: Management Agreement (Westfield America Inc)

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Debt Cancellation. Cancel or otherwise forgive or release any material ----------------- claim or debt owed to it any Borrower by any Person, except for adequate consideration or and in the ordinary course of Borrower's business in its businessreasonable judgment;

Appears in 1 contract

Samples: Loan Agreement (Saul Centers Inc)

Debt Cancellation. Cancel or otherwise forgive or release any material claim or debt owed to it such Person by any other Person, except for adequate consideration or in the ordinary course of its business;, or cancel or otherwise forgive or release any obligations owed under any Mortgage Loan.

Appears in 1 contract

Samples: Loan Agreement (Ocwen Asset Investment Corp)

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