Common use of Extension, Release, etc Clause in Contracts

Extension, Release, etc. (a) Without affecting the lien or charge of this Mortgage upon any portion of the Mortgaged Property not then or theretofore released as security for the full amount of the Obligations, Mortgagee may, from time to time and without notice, agree to (i) release any person liable for the Obligations, (ii) extend the maturity or alter any of the terms of the Obligations or any guaranty thereof, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at Mortgagee's option any parcel, portion or all of the Mortgaged Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. If at any time this Mortgage shall secure less than all of the principal amount of the Obligations, it is expressly agreed that any repayments of the principal amount of the Obligations shall not reduce the amount of the lien of this Mortgage until the lien amount shall equal the principal amount of the Obligations outstanding.

Appears in 6 contracts

Samples: Guarantee and Collateral Agreement (American Buildings Co /De/), American Buildings Co /De/, American Buildings Co /De/

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Extension, Release, etc. (a) Without affecting the lien encumbrance or charge of this Mortgage Deed of Trust upon any portion of the Mortgaged Trust Property not then or theretofore released as security for the full amount of the ObligationsIndebtedness, Mortgagee Beneficiary may, from time to time and without notice, agree to (i) release any person liable for the ObligationsIndebtedness, (ii) extend the maturity or alter any of the terms of the Obligations Indebtedness or any guaranty thereof, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at MortgageeBeneficiary's option any parcel, portion or all of the Mortgaged Trust Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. If at any time this Mortgage Deed of Trust shall secure less than all of the principal amount of the ObligationsIndebtedness, it is expressly agreed that any repayments of the principal amount of the Obligations Indebtedness shall not reduce the amount of the lien encumbrance of this Mortgage Deed of Trust until the lien encumbrance amount shall equal the principal amount of the Obligations Indebtedness outstanding.

Appears in 5 contracts

Samples: And Collateral Agreement (Ev International Inc), Credit Agreement (Ddi Corp), Leases and Security Agreement (Ev International Inc)

Extension, Release, etc. (a) Without affecting the lien or charge of this Mortgage upon any portion of the Mortgaged Property not then or theretofore released as security for the full amount of the ObligationsIndebtedness, Mortgagee may, from time to time and without notice, agree to (i) release any person liable for the ObligationsIndebtedness, (ii) extend the maturity or alter any of the terms of the Obligations Indebtedness or any guaranty thereof, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at Mortgagee's option any parcel, portion or all of the Mortgaged Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. If at any time this Mortgage shall secure less than all of the principal amount of the ObligationsIndebtedness, it is expressly agreed that any repayments of the principal amount of the Obligations Indebtedness shall not reduce the amount of the lien encumbrance of this Mortgage until the lien encumbrance amount shall equal the principal amount of the Obligations Indebtedness outstanding.

Appears in 5 contracts

Samples: Security Agreement (Ev International Inc), Telex Communications Inc, Ev International Inc

Extension, Release, etc. (a) Without affecting the lien or charge of this Mortgage Deed of Trust upon any portion of the Mortgaged Property not then or theretofore released as security for the full amount of the ObligationsIndebtedness, Mortgagee Beneficiary may, from time to time and without notice, agree to (i) release any person liable for the ObligationsIndebtedness, (ii) extend the maturity or alter any of the terms of the Obligations Indebtedness or any guaranty thereof, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at MortgageeBeneficiary's option any parcel, portion or all of the Mortgaged Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. If at any time this Mortgage Deed of Trust shall secure less than all of the principal amount of the ObligationsIndebtedness, it is expressly agreed that any repayments of the principal amount of the Obligations Indebtedness shall not reduce the amount of the lien of this Mortgage Deed of Trust until the lien amount shall equal the principal amount of the Obligations Indebtedness outstanding.

Appears in 4 contracts

Samples: Harland Financial Solutions, Inc., Harland Financial Solutions, Inc., Harland Financial Solutions, Inc.

Extension, Release, etc. (a) Without affecting the lien or charge of this Mortgage Deed of Trust upon any portion of the Mortgaged Trust Property not then or theretofore released as security for the full amount of the ObligationsIndebtedness, Mortgagee Beneficiary may, from time to time and without notice, agree to (i) release any person liable for the ObligationsIndebtedness, (ii) extend the maturity or alter any of the terms of the Obligations Indebtedness or any guaranty thereof, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at MortgageeBeneficiary's option any parcel, portion or all of the Mortgaged Trust Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. If at any time this Mortgage Deed of Trust shall secure less than all of the principal amount of the ObligationsIndebtedness, it is expressly agreed that any repayments of the principal amount of the Obligations Indebtedness shall not reduce the amount of the lien created by this Deed of this Mortgage Trust until the lien amount shall equal the principal amount of the Obligations Indebtedness outstanding.

Appears in 4 contracts

Samples: Credit Agreement (Bear Island Finance Co Ii), Credit Agreement (Bear Island Finance Co Ii), Bear Island Finance Co Ii

Extension, Release, etc. (a) Without affecting the lien or charge of this Mortgage Deed of Trust upon any portion of the Mortgaged Trust Property not then or theretofore released as security for the full amount of the Obligations, Mortgagee Beneficiary may, from time to time and without notice, agree to (i) release any person liable for the Obligations, (ii) extend the maturity or alter any of the terms of the Obligations or any guaranty thereof, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at MortgageeBeneficiary's option any parcel, portion or all of the Mortgaged Trust Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. If at any time this Mortgage Deed of Trust shall secure less than all of the principal amount of the Obligations, it is expressly agreed that any repayments of the principal amount of the Obligations shall not reduce the amount of the lien of this Mortgage Deed of Trust until the lien amount shall equal the principal amount of the Obligations outstanding.

Appears in 4 contracts

Samples: American Buildings Co /De/, American Buildings Co /De/, American Buildings Co /De/

Extension, Release, etc. (a) Without affecting the lien or charge of this Mortgage upon any portion of the Mortgaged Property not then or theretofore released as security for the full amount of the Obligations, Mortgagee may, from time to time and without notice, agree to (i) release any person liable for the Obligationsindebtedness guaranteed under the Guarantee and Collateral Agreement, (ii) extend the maturity or alter any of the terms of the Obligations indebtedness guaranteed under the Guarantee and Collateral Agreement or any other guaranty thereof, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at Mortgagee's option any parcel, portion or all of the Mortgaged Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. If at any time this Mortgage shall secure less than all of the principal amount of the Obligations, it is expressly agreed that any repayments of the principal amount of the Obligations shall not reduce the amount of the lien of this Mortgage until the lien amount shall equal the principal amount of the Obligations outstanding.

Appears in 3 contracts

Samples: Credit Agreement (Campfire Inc), Credit Agreement (Us Office Products Co), Guarantee and Collateral Agreement (Tenneco Automotive Inc)

Extension, Release, etc. (a) Without affecting the lien or charge of this Mortgage upon any portion of the Mortgaged Property not then or theretofore released as security for the full amount of the ObligationsIndebtedness, Mortgagee may, from time to time and without notice, agree to (i) release any person liable for the ObligationsIndebtedness, (ii) extend the maturity or alter any of the terms of the Obligations Indebtedness or any guaranty thereof, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at Mortgagee's option any parcel, portion or all of the Mortgaged Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. If at any time this Mortgage shall secure less than all of the principal amount of the ObligationsIndebtedness, it is expressly agreed that any repayments of the principal amount of the Obligations Indebtedness shall not reduce the amount of the lien encumbrance of this Mortgage until the lien encumbrance amount shall equal the principal amount of the Obligations Indebtedness outstanding.

Appears in 3 contracts

Samples: Mortgage (Day International Group Inc), Day International Group Inc, Day International Group Inc

Extension, Release, etc. (a) Without affecting the lien lien, charge or charge priority of this Mortgage upon any portion of the Mortgaged Property not then or theretofore released as security for the full amount of the Obligations, Mortgagee may, from time to time and without notice, agree to (i) release any person liable for the Obligations, (ii) extend the maturity or alter any of the terms of the Obligations indebtedness evidenced by the Credit Agreement and the other Loan Documents and guaranteed under the Guarantee or any other guaranty thereof, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at Mortgagee's ’s option any parcel, portion or all of the Mortgaged Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. If at any time this Mortgage shall secure less than all of the principal amount of the Obligations, it is expressly agreed that any repayments of the principal amount of the Obligations shall not reduce the amount of the lien of this Mortgage until the lien amount shall equal the principal amount of the Obligations outstanding.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Roundy's, Inc.), Credit Agreement (Roundy's, Inc.)

Extension, Release, etc. (a) Without affecting the lien or charge of this Mortgage upon any portion of the Mortgaged Property not then or theretofore released as security for the full amount of the Obligations, Mortgagee may, from time to time and without notice, agree to (i) release any person liable for any portion of the Obligations, (ii) extend the maturity or alter any of the terms of the Obligations or indebtedness guaranteed under any guaranty thereofof any of the Obligations, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at Mortgagee's ’s option any parcel, portion or all of the Mortgaged Property, (v) take or release any other or additional security for any obligation Obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. If at any time this Mortgage shall secure less than all of the principal amount of the Obligations, it is expressly agreed that any repayments of the principal amount of the Obligations shall not reduce the amount of the lien of encumbrance created by this Mortgage until the lien encumbrance amount shall equal the principal amount of the Obligations outstanding.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (Horsehead Holding Corp), Intercreditor Agreement (Horsehead Holding Corp)

Extension, Release, etc. (a) Without affecting the lien or charge of this Mortgage Deed of Trust upon any portion of the Mortgaged Trust Property not then or theretofore released as security for the full amount of the ObligationsIndebtedness, Mortgagee Beneficiary may, from time to time and without notice, agree to (i) release any person liable for the ObligationsIndebtedness, (ii) extend the maturity or alter any of the terms of the Obligations Indebtedness or any guaranty thereof, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at MortgageeBeneficiary's option any parcel, portion or all of the Mortgaged Trust Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. If at any time this Mortgage Deed of Trust shall secure less than all of the principal amount of the ObligationsIndebtedness, it is expressly agreed that any repayments of the principal amount of the Obligations Indebtedness shall not reduce the amount of the lien encumbrance of this Mortgage Deed of Trust until the lien encumbrance amount shall equal the principal amount of the Obligations Indebtedness outstanding.

Appears in 2 contracts

Samples: Day International Group Inc, Day International Group Inc

Extension, Release, etc. (a) Without affecting the lien or charge of this Mortgage upon any portion of the Mortgaged Property not then or theretofore released as security for the full amount of the ObligationsIndebtedness, Mortgagee may, from time to time and without notice, agree to (i) release any person liable for the ObligationsIndebtedness, (ii) extend the maturity or alter any of the terms of the Obligations Indebtedness or any guaranty thereof, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at Mortgagee's ’s option any parcel, portion or all of the Mortgaged Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. If at any time this Mortgage shall secure less than all of the principal amount of the ObligationsIndebtedness, it is expressly agreed that any repayments of the principal amount of the Obligations Indebtedness shall not reduce the amount of the lien of this New Haven County, CT Mortgage until the lien amount shall equal the principal amount of the Obligations Indebtedness outstanding.

Appears in 1 contract

Samples: Credit Agreement (MacDermid Group Inc.)

Extension, Release, etc. (a) Without affecting the lien encumbrance ------------------------ or charge of this Mortgage Deed of Trust upon any portion of the Mortgaged Trust Property not then or theretofore released as security for the full amount of the ObligationsIndebtedness, Mortgagee Beneficiary may, from time to time and without notice, agree to (i) release any person liable for the ObligationsIndebtedness, (ii) extend the maturity or alter any of the terms of the Obligations Indebtedness or any guaranty thereof, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at MortgageeBeneficiary's option any parcel, portion or all of the Mortgaged Trust Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. If at any time this Mortgage Deed of Trust shall secure less than all of the principal amount of the ObligationsIndebtedness, it is expressly agreed that any repayments of the principal amount of the Obligations Indebtedness shall not reduce the amount of the lien encumbrance of this Mortgage Deed of Trust until the lien encumbrance amount shall equal the principal amount of the Obligations Indebtedness outstanding.

Appears in 1 contract

Samples: Participation Agreement (Paragon Health Network Inc)

Extension, Release, etc. (a) Without affecting the lien lien,or charge of this Mortgage Deed of Trust upon any portion of the Mortgaged Property not then or theretofore released as security for the full amount of the ObligationsIndebtedness, Mortgagee Beneficiary may, from time to time and without notice, agree to (i) release any person liable for the ObligationsIndebtedness, (ii) extend the maturity or alter any of the terms of the Obligations Indebtedness or any guaranty thereof, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at Mortgagee's Beneficiary’s option any parcel, portion or all of the Mortgaged Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. If at any time this Mortgage Deed of Trust shall secure less than all of the principal amount of the ObligationsIndebtedness, it is expressly agreed that any repayments of the principal amount of the Obligations Indebtedness shall not reduce the amount of the lien of this Mortgage Deed of Trust until the lien amount shall equal the principal amount of the Obligations Indebtedness outstanding.

Appears in 1 contract

Samples: Credit Agreement (MacDermid Group Inc.)

Extension, Release, etc. (a) Without affecting the lien encumbrance or charge of this Mortgage Deed of Trust upon any portion of the Mortgaged Trust Property not then or theretofore released as security for the full amount of the ObligationsIndebtedness, Mortgagee Beneficiary may, from time to time and without notice, agree to (i) release 173 19 any person liable for the ObligationsIndebtedness, (ii) extend the maturity or alter any of the terms of the Obligations Indebtedness or any guaranty thereof, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at MortgageeBeneficiary's option any parcel, portion or all of the Mortgaged Trust Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. If at any time this Mortgage Deed of Trust shall secure less than all of the principal amount of the ObligationsIndebtedness, it is expressly agreed that any repayments of the principal amount of the Obligations Indebtedness shall not reduce the amount of the lien encumbrance of this Mortgage Deed of Trust until the lien encumbrance amount shall equal the principal amount of the Obligations Indebtedness outstanding.

Appears in 1 contract

Samples: Credit Agreement (Campfire Inc)

Extension, Release, etc. (a) Without affecting the lien or charge of this Mortgage Deed upon any portion of the Mortgaged Subject Property not then or theretofore released as security for the full amount of the ObligationsIndebtedness, Mortgagee Grantee may, from time to time and without notice, agree to (i) release any person liable for the ObligationsIndebtedness, (ii) extend the maturity or alter any of the terms of the Obligations Indebtedness or any guaranty thereof, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at MortgageeGrantee's option any parcel, portion or all of the Mortgaged Subject Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. If at any time this Mortgage Deed shall secure less than all of the principal amount of the ObligationsIndebtedness, it is expressly agreed that any repayments of the principal amount of the Obligations Indebtedness shall not reduce the amount of the lien of this Mortgage Deed until the lien amount shall equal the principal amount of the Obligations Indebtedness outstanding.

Appears in 1 contract

Samples: Credit Agreement (Carter William Co /Ga/)

Extension, Release, etc. (a) Without affecting the lien or charge of this Mortgage upon any portion of the Mortgaged Property not then or theretofore released as security for the full amount of the ObligationsIndebtedness, Mortgagee may, from time to time and without notice, agree to (i) release any person liable for the ObligationsIndebtedness, (ii) extend the 19 maturity or alter any of the terms of the Obligations Indebtedness or any guaranty thereof, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at Mortgagee's option any parcel, portion or all of the Mortgaged Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. If at any time this Mortgage shall secure less than all of the principal amount of the ObligationsIndebtedness, it is expressly agreed that any repayments of the principal amount of the Obligations Indebtedness shall not reduce the amount of the lien encumbrance of this Mortgage until the lien encumbrance amount shall equal the principal amount of the Obligations Indebtedness outstanding.

Appears in 1 contract

Samples: Day International Group Inc

Extension, Release, etc. (a) Without affecting the lien or charge of this Mortgage Deed of Trust upon any portion of the Mortgaged Trust Property not then or theretofore released as security for the full amount of the Obligations, Mortgagee Beneficiary may, from time to time and without notice, agree to (i) release any person liable for the Obligations, (ii) extend the maturity or alter any of the terms of the Obligations or any guaranty thereof, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at Mortgagee's Beneficiary’s option any parcel, portion or all of the Mortgaged Trust Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. If at any time this Mortgage Deed of Trust shall secure less than all of the principal amount of the Obligations, it is expressly agreed that any repayments of the principal amount of the Obligations shall not reduce the amount of the lien created by this Deed of this Mortgage Trust until the lien amount shall equal the principal amount of the Obligations outstanding.

Appears in 1 contract

Samples: Bush Industries Inc

Extension, Release, etc. (a) Without affecting the lien or charge of this Mortgage Deed of Trust upon any portion of the Mortgaged Collateral Property not then or theretofore released as security for the full amount of the ObligationsIndebtedness, Mortgagee Beneficiary may, from time to time and without notice, agree to (i) release any person liable for the ObligationsIndebtedness, (ii) extend the maturity or alter any of the terms of the Obligations Indebtedness or any guaranty thereof, (iii) grant other indulgencesindulgenees, (iv) release or reconvey, or cause to be released or reconveyed at any time at Mortgagee's Beneficiary’s option any parcel, portion or all of the Mortgaged Collateral Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. If at any time this Mortgage Deed of Trust shall secure less than all of the principal amount of the ObligationsIndebtedness, it is expressly agreed that any repayments of the principal amount of the Obligations Indebtedness shall not reduce the amount of the lien of this Mortgage Denver County, Co. Deed of Trust until the lien amount shall equal the principal amount of the Obligations Indebtedness outstanding.

Appears in 1 contract

Samples: Credit Agreement (MacDermid Group Inc.)

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Extension, Release, etc. (a) Without affecting the lien or charge of this Mortgage upon any portion of the Mortgaged Property not then or theretofore released as security for the full amount of the ObligationsIndebtedness, Mortgagee may, from time to time and without notice, agree to (i) release any person liable for the ObligationsIndebtedness, (ii) extend the maturity or alter any of the terms of the Obligations Indebtedness or any guaranty thereof, ; (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at Mortgagee's ’s option any parcel, portion or all of the Mortgaged Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. If at any time this Mortgage shall secure less than all of the principal amount of the ObligationsIndebtedness, it is expressly agreed that any repayments of the principal amount of the Obligations Indebtedness shall not reduce the amount of the lien of this Mortgage until the lien amount shall equal the principal amount of the Obligations Indebtedness outstanding.

Appears in 1 contract

Samples: Credit Agreement (MacDermid Group Inc.)

Extension, Release, etc. (a) Without affecting the lien or charge of this Mortgage upon any portion of the Mortgaged Property not then or theretofore released as security for the full amount of the ObligationsIndebtedness, Mortgagee may, from time to time and without notice, agree to (i) release any person liable for the Obligations, Indebtedness (ii) extend the maturity or alter any of the terms of the Obligations Indebtedness or any guaranty thereof, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at Mortgagee's option any parcel, portion or all of the Mortgaged Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. If at any time this Mortgage shall secure less than all of the principal amount of the ObligationsIndebtedness, it is expressly agreed that any repayments of the principal amount of the Obligations Indebtedness shall not reduce the amount of the lien of this Mortgage until the lien amount shall equal the principal amount of the Obligations Indebtedness outstanding.

Appears in 1 contract

Samples: Collateral Agreement (Harvard Industries Inc)

Extension, Release, etc. (a) Without affecting the lien or charge of this Mortgage Deed of Trust upon any portion of the Mortgaged Trust Property not then or theretofore released as security for the full amount of the ObligationsIndebtedness, Mortgagee Beneficiary may, from time to time and without notice, agree to (i) release any person liable for the ObligationsIndebtedness, (ii) extend the maturity or alter any of the terms of the Obligations Indebtedness or any guaranty thereof, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at MortgageeBeneficiary's option any parcel, portion or all of the Mortgaged Trust Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. If at any time this Mortgage Deed of Trust shall secure less than all of the principal amount of the ObligationsIndebtedness, it is expressly agreed that any repayments of the principal amount of the Obligations Indebtedness shall not reduce the amount of the lien of this Mortgage Deed of Trust until the lien amount shall equal the principal amount of the Obligations Indebtedness outstanding.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Powerhouse Technologies Inc /De)

Extension, Release, etc. (a) Without affecting the lien or charge of this Mortgage upon any portion of the Mortgaged Property not then or theretofore released as security for the full amount of the Obligations, Mortgagee may, from time to time and without notice, agree to (i) release any person liable for the Obligations, (ii) extend the maturity or alter any of the terms of the Obligations or any guaranty thereof, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at Mortgagee's ’s option any parcel, portion or all of the Mortgaged Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. If at any time this Mortgage shall secure less than all of the principal amount of the Obligations, it is expressly agreed that any repayments of the principal amount of the Obligations shall not reduce the amount of the lien of this Mortgage until the lien amount shall equal the principal amount of the Obligations outstanding.

Appears in 1 contract

Samples: Lease Purchase Agreement (Bush Industries Inc)

Extension, Release, etc. (a) Without affecting the lien encumbrance or charge of this Mortgage Deed of Trust upon any portion of the Mortgaged Property Trust Property, not then or theretofore released as security for the full amount of the ObligationsIndebtedness, Mortgagee Beneficiary may, from time to time and without notice, agree to (i) release any person liable for the ObligationsIndebtedness, (ii) extend the maturity or alter any of the terms of the Obligations Indebtedness or any guaranty thereof, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at MortgageeBeneficiary's option any parcel, portion or all of the Mortgaged Trust Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. If at any time this Mortgage Deed of Trust shall secure less than all of the principal amount of the ObligationsIndebtedness, it is expressly agreed that any repayments of the principal amount of the Obligations Indebtedness shall not reduce the amount of the lien encumbrance of this Mortgage Deed of Trust until the lien encumbrance amount shall equal the principal amount of the Obligations Indebtedness outstanding.

Appears in 1 contract

Samples: Leases and Security Agreement (Telex Communications Inc)

Extension, Release, etc. (a) Without affecting the lien or charge Lien of this Mortgage Deed Of Trust upon any portion of the Mortgaged Trust Property not then or theretofore released as security for the full amount of the Obligations, Mortgagee Beneficiary may, from time to time and without notice, agree to (i) release any person liable for the Obligationsobligations, (ii) extend the maturity or alter any of the terms of the Obligations or any guaranty guarantee thereof, including, without limitation, any Subsidiary Guarantee, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed reconveyed, at any time at MortgageeBeneficiary's option any parcel, portion or all of the Mortgaged Trust Property, (v) take or release any other or additional security for any obligation herein mentionedobligation, or (vi) make compositions or other arrangements with debtors in relation thereto. If at any time this Mortgage Deed Of Trust shall secure less than all of the principal amount of the Obligations, it is expressly agreed that any repayments of the principal amount of the Obligations shall not reduce the amount of the lien Lien of this Mortgage Deed Of Trust until the lien amount shall equal the principal amount of the Obligations outstanding.

Appears in 1 contract

Samples: Security Agreement (New Cf&i Inc)

Extension, Release, etc. (a) Without affecting the lien or charge of this Mortgage upon any portion of the Mortgaged Property not then or theretofore released as security for the full amount of the Obligations, the Mortgagee may, from time to time and without notice, agree to (i) release any person liable for the Obligations, (ii) extend the maturity or alter any of the terms of the Obligations or any guaranty thereof, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at the Mortgagee's option any parcel, portion or all of the Mortgaged Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. If at any time this Mortgage shall secure less than all of the principal amount of the Obligations, it is expressly agreed that any repayments of the principal amount of the Obligations shall not reduce the amount of the lien of this Mortgage until the lien amount shall equal the principal amount of the Obligations outstanding.

Appears in 1 contract

Samples: Edison Mission Finance Co

Extension, Release, etc. (a) Without affecting the lien or charge of this Mortgage Deed upon any portion of the Mortgaged Property not then or theretofore released as security for the full amount of the ObligationsIndebtedness, Mortgagee Grantee may, from time to time and without notice, agree to (i) release any person liable for the ObligationsIndebtedness, (ii) extend the maturity or alter any of the terms of the Obligations Indebtedness or any guaranty thereof, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at Mortgagee's Grantee’s option any parcel, portion or all of the Mortgaged Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. If at any time this Mortgage Deed shall secure less than all of the principal amount of the ObligationsIndebtedness, it is expressly agreed that any repayments of the principal amount of the Obligations Indebtedness shall not reduce the amount of the lien of this Mortgage Deed until the lien amount shall equal the principal amount of the Obligations Indebtedness outstanding.

Appears in 1 contract

Samples: Credit Agreement (MacDermid Group Inc.)

Extension, Release, etc. (a) Without affecting the lien or charge of this Mortgage upon any portion of the Mortgaged Property not then or theretofore released as security for the full amount of the ObligationsIndebtedness, Mortgagee may, from time to time and without notice, agree to (i) release any person liable for the ObligationsIndebtedness, (ii) extend the maturity or alter any of the terms terns of the Obligations Indebtedness or any guaranty thereof, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at Mortgagee's ’s option any parcel, portion or all of the Mortgaged Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. If at any time this Mortgage shall secure less than all of the principal amount of the ObligationsIndebtedness, it is expressly agreed that any repayments of the principal amount of the Obligations Indebtedness shall not reduce the amount of the lien of this Mortgage until the lien amount shall equal the principal amount of the Obligations Indebtedness outstanding.

Appears in 1 contract

Samples: Credit Agreement (MacDermid Group Inc.)

Extension, Release, etc. (a) Without affecting the lien or charge of this Mortgage upon any portion of the Mortgaged Property not then or theretofore released as security for the full amount of the ObligationsIndebtedness, Mortgagee may, from time to time and without notice, agree to (i) release any person liable for the ObligationsIndebtedness, (ii) extend the 19 44 maturity or alter any of the terms of the Obligations Indebtedness or any guaranty thereof, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at Mortgagee's option any parcel, portion or all of the Mortgaged Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. If at any time this Mortgage shall secure less than all of the principal amount of the ObligationsIndebtedness, it is expressly agreed that any repayments of the principal amount of the Obligations Indebtedness shall not reduce the amount of the lien encumbrance of this Mortgage until the lien encumbrance amount shall equal the principal amount of the Obligations Indebtedness outstanding.

Appears in 1 contract

Samples: Day International Group Inc

Extension, Release, etc. (a) Without affecting the lien or charge of this Mortgage upon any portion of the Mortgaged Property not then or theretofore released as security for the full amount of the ObligationsIndebtedness, Mortgagee may, from time to time and without notice, agree to (i) release any person liable for the ObligationsIndebtedness, (ii) extend the maturity or alter any of the terms of the Obligations Indebtedness or any guaranty thereof, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at Mortgagee's option any parcel, portion or all of the Mortgaged Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. If at any time this Mortgage shall secure less than all of the principal amount of the ObligationsIndebtedness, it is expressly agreed that any repayments of the principal amount of the Obligations Indebtedness shall not reduce the amount of operate to release the lien or security title of this Mortgage until the lien amount shall equal the principal amount of the Obligations outstandingIndebtedness has been paid in full.

Appears in 1 contract

Samples: Harland Financial Solutions, Inc.

Extension, Release, etc. (a) Without affecting the lien or charge of this Mortgage Deed of Trust upon any portion of the Mortgaged Trust Property not then or theretofore released as security for the full amount of the ObligationsIndebtedness, Mortgagee Beneficiary may, from time to time and without notice, agree to (i) release any person liable for the ObligationsIndebtedness, (ii) extend the maturity or alter any of the terms of the Obligations Indebtedness or any guaranty thereof, (iii) grant other indulgences, (iv) release or reconvey, or cause to be released or reconveyed at any time at Mortgagee's at. Beneficiary’s option any parcel, portion or all of the Mortgaged Trust Property, (v) take or release any other or additional security for any obligation herein mentioned, or (vi) make compositions or other arrangements with debtors in relation thereto. If at any time this Mortgage Deed of Trust shall secure less than all of the principal amount of the ObligationsIndebtedness, it is expressly agreed that any repayments of the principal amount of the Obligations Indebtedness shall not reduce the amount of the lien of this Mortgage Deed of Trust until the lien amount shall equal the principal amount of the Obligations Indebtedness outstanding.

Appears in 1 contract

Samples: Credit Agreement (MacDermid Group Inc.)

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