Common use of Modifications Not to Affect Lien Clause in Contracts

Modifications Not to Affect Lien. Mortgagee, without notice to anyone (except the Secured Lenders), and without regard to the consideration, if any, paid therefor, or the presence of other liens on the Mortgaged Premises, may at the direction of the Secured Lenders release any part of the Mortgaged Premises or any person liable for any of the indebtedness hereby secured, may extend the time of payment of any of the indebtedness hereby secured and may grant waivers or other indulgences with respect hereto and thereto, and may agree with Mortgagor to modifications to the terms and conditions contained herein or otherwise applicable to any of the indebtedness hereby secured (including modifications in the rates of interest applicable thereto), without in any way affecting or impairing the liability of any party liable upon any of the indebtedness hereby secured or the priority of the lien of this Mortgage upon all of the Mortgaged Premises not expressly released, and any party acquiring any direct or indirect interest in the Mortgaged Premises shall take same subject to all of the provisions hereof.

Appears in 2 contracts

Samples: Mortgage and Security Agreement (Morton Industrial Group Inc), Mortgage and Security Agreement (Morton Industrial Group Inc)

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Modifications Not to Affect Lien. MortgageeTrustee and Beneficiary, without notice to anyone (except the Secured Lenders)anyone, and without regard to the consideration, if any, paid therefor, or the presence of other liens on the Mortgaged Premises, may at the direction of the Secured Lenders in its discretion release any part of the Mortgaged Premises or any person liable for any of the indebtedness hereby secured, may extend the time of payment of any of the indebtedness hereby secured and may grant waivers or other indulgences with respect hereto and thereto, and may agree with Mortgagor Grantor to modifications to the terms and conditions contained herein or otherwise applicable to any of the indebtedness hereby secured (including modifications in the rates of interest applicable thereto), without in any way affecting or impairing the liability of any party liable upon any of the indebtedness hereby secured or the priority of the lien of this Mortgage Deed of Trust upon all of the Mortgaged Premises not expressly released, and any party acquiring any direct or indirect interest in the Mortgaged Premises shall take same subject to all of the provisions hereof.

Appears in 2 contracts

Samples: Trust and Security Agreement (Mississippi Chemical Corp /MS/), Security Agreement (Mississippi Chemical Corp /MS/)

Modifications Not to Affect Lien. Mortgagee, without notice to anyone (except the Secured Lenders), and without regard to the consideration, if any, paid therefor, or the presence of other liens on the Mortgaged Premises, may at the direction of the Secured Lenders release any part of the Mortgaged Premises or any person liable for any of the indebtedness hereby secured, may extend the time of payment of any of the indebtedness hereby secured and may grant waivers or other indulgences with respect hereto and thereto, and may agree with Mortgagor to modifications to the terms and conditions contained herein or otherwise applicable to any of the indebtedness hereby secured (including modifications in the rates of interest applicable thereto), without in any way affecting or impairing the liability of any party liable upon any of the indebtedness hereby secured or the priority of the lien of this Mortgage upon all of the Mortgaged Premises not expressly released, and any party acquiring any direct or indirect interest in the Mortgaged Premises shall take same subject to all of the provisions hereof.

Appears in 2 contracts

Samples: Morton Industrial Group Inc, Morton Industrial Group Inc

Modifications Not to Affect Lien. Mortgagee, without notice to anyone (except the Secured Lenders), and without regard to the consideration, if any, paid therefor, or the presence of other liens on the Mortgaged Premises, may may, at the direction of the Secured Lenders Lenders, release any part of the Mortgaged Premises or any person liable for any of the indebtedness hereby secured, may extend the time of payment of any of the indebtedness hereby secured and may grant waivers or other indulgences with respect hereto and thereto, and may agree with Mortgagor to modifications to the terms and conditions contained herein or otherwise applicable to any of the indebtedness hereby secured (including modifications in the rates of interest applicable thereto), without in any way affecting or impairing the liability of any party liable upon any of the indebtedness hereby secured or the priority of the lien of this Mortgage upon all of the Mortgaged Premises not expressly released, and any party acquiring any direct or indirect interest in the Mortgaged Premises shall take same subject to all of the provisions hereof.

Appears in 2 contracts

Samples: Mortgage and Security Agreement (Ios Brands Corp), Ios Brands Corp

Modifications Not to Affect Lien. MortgageeTrustee and Junior Beneficiary, without notice to anyone (except the Secured Lenders)anyone, and without regard to the consideration, if any, paid therefor, or the presence of other liens on the Mortgaged Premises, may at the direction of the Secured Lenders in Junior Beneficiary's discretion release any part of the Mortgaged Premises or any person liable for any of the indebtedness hereby securedsecured or any other collateral security therefor, may extend the time of payment of any of the indebtedness hereby secured and may secured, grant waivers or other indulgences with respect hereto and thereto, and may agree with Mortgagor Grantor to modifications to the terms and conditions contained herein or otherwise applicable to any of the indebtedness hereby secured (including modifications in the rates of interest applicable thereto), without in any way affecting or impairing the liability of any party liable upon any of the indebtedness hereby secured or the priority of the lien of this Mortgage Indenture upon all of the Mortgaged Premises not expressly released, and any party acquiring any direct or indirect interest in the Mortgaged Premises shall take same subject to all of the provisions hereof.

Appears in 1 contract

Samples: Trust and Security Agreement (Richman Gordman 1/2 Price Stores Inc)

Modifications Not to Affect Lien. MortgageeTrustee and Beneficiary, without notice to anyone (except the Secured Lenders), and without regard to the consideration, if any, paid therefor, or the presence of other liens on the Mortgaged Premises, may in its discretion, in the case of the Trustee, or at the direction discretion of the Secured Lenders required to consent thereto by the terms of the Credit Agreement, in the case of the Beneficiary, release any part of the Mortgaged Premises or any person liable for any of the indebtedness hereby secured, may extend the time of payment of any of the indebtedness hereby secured and may grant waivers or other indulgences with respect hereto and thereto, and may agree with Mortgagor Grantor to modifications to the terms and conditions contained herein or otherwise applicable to any of the indebtedness hereby secured (including modifications in the rates of interest applicable thereto), without in any way affecting or impairing the liability of any party liable upon any of the indebtedness hereby secured or the priority of the lien of this Mortgage Deed of Trust upon all of the Mortgaged Premises not expressly released, and any party acquiring any direct or indirect interest in the Mortgaged Premises shall take same subject to all of the provisions hereof.

Appears in 1 contract

Samples: Morton Industrial Group Inc

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Modifications Not to Affect Lien. MortgageeThe Deed of Trust Trustee and the Beneficiary, without notice to anyone (except the Secured Lenders)anyone, and without regard to the consideration, if any, paid therefor, or the presence of other liens on the Mortgaged PremisesProperty, may at the direction of the Secured Lenders in their discretion release any part of the Mortgaged Premises Property or any person liable for any of the indebtedness hereby securedIndebtedness Hereby Secured, may extend the time of payment of any of the indebtedness hereby secured Indebtedness Hereby Secured and may grant waivers or other indulgences with respect hereto and thereto, and may agree with Mortgagor the Lessor and the Lessee to modifications to the terms and conditions contained herein or otherwise applicable to any of the indebtedness hereby secured Indebtedness Hereby Secured (including modifications in the rates of interest applicable thereto), without in any way affecting or impairing the liability of any party liable upon any of the indebtedness hereby secured Indebtedness Hereby Secured or the priority of the lien of this Mortgage Deed of Trust upon all of the Mortgaged Premises Property not expressly released, and any party acquiring any direct or indirect interest in the Mortgaged Premises Property shall take same subject to all of the provisions hereof.

Appears in 1 contract

Samples: Trust and Security Agreement (Sabre Holdings Corp)

Modifications Not to Affect Lien. Mortgagee, without notice to anyone (except the Secured Lenders)anyone, and without regard to the consideration, if any, paid therefor, or the presence of other liens on the Mortgaged Premises, may at the direction of the Secured Lenders in its discretion release any part of the Mortgaged Premises or any person liable for any of the indebtedness hereby securedSecured Indebtedness, may extend the time of payment of any of the indebtedness hereby secured Secured Indebtedness and may grant waivers or other indulgences with respect hereto and thereto, and may agree with Mortgagor to modifications to the terms and conditions contained herein or otherwise applicable to any of the indebtedness hereby secured Secured Indebtedness (including modifications in the rates of interest applicable thereto), without in any way affecting or impairing the liability of any party liable upon any of the indebtedness hereby secured Secured Indebtedness or the priority of the lien of this Mortgage upon all of the Mortgaged Premises not expressly released, and any party acquiring any direct or indirect interest in the Mortgaged Premises shall take same subject to all of the provisions hereof.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Cti Industries Corp)

Modifications Not to Affect Lien. Mortgagee, without notice to anyone (except the Secured Lenders)anyone, and without regard to the consideration, if any, paid therefor, or the presence of other liens on the Mortgaged Premises, may at the direction of the Secured Lenders may, in its discretion, release any part of the Mortgaged Premises or any person liable for any of the indebtedness hereby secured, may extend the time of payment of any of the indebtedness hereby secured and may grant waivers or other indulgences with respect hereto and thereto, and may agree with Mortgagor to modifications to the terms and conditions contained herein or otherwise applicable to any of the indebtedness hereby secured (including modifications in the rates of interest applicable thereto), without in any way affecting or impairing the liability of any party liable upon any of the indebtedness hereby secured or the priority of the lien of this Mortgage upon all of the Mortgaged Premises not expressly released, and any party acquiring any direct or indirect interest in the Mortgaged Premises shall take same subject to all of the provisions hereof.

Appears in 1 contract

Samples: X Rite Inc

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