Mortgage Not Rendered Invalid Sample Clauses
The 'Mortgage Not Rendered Invalid' clause ensures that the validity of a mortgage is not affected by certain defects, omissions, or irregularities in the mortgage documentation or process. For example, if there is a minor error in the description of the property or a technical mistake in the execution of the mortgage, this clause prevents such issues from automatically invalidating the mortgage agreement. Its core practical function is to protect the lender’s security interest by maintaining the enforceability of the mortgage despite minor procedural or clerical errors, thereby reducing the risk of unintended loss of collateral.
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Mortgage Not Rendered Invalid. Except as provided in
Mortgage Not Rendered Invalid. Except as provided in Section 12.1.2, neither entering into this Agreement nor a Breach of this Agreement, nor any Event of Monetary Default nor any Event of Non-Monetary Default shall defeat, render invalid, diminish, or impair the lien of any Mortgage made in good faith and for value.
Mortgage Not Rendered Invalid. Neither entering into this Agreement nor a breach of this Agreement shall defeat, render invalid, diminish, or impair the priority of the lien of any mortgage or deed of trust on the Property made in good faith and for value. No Mortgagee shall have an obligation or duty under this Agreement to perform the Developer’s obligations, or to guarantee such performance, prior to taking title to all or a portion of the Property (subject to the applicable provisions of this Section 6.25).
Mortgage Not Rendered Invalid. Except as provided in render invalid, diminish, or impair the lien of any Mortgage made in good faith and for value.
Mortgage Not Rendered Invalid. Neither entering into this Agreement nor a breach of this Agreement shall defeat, render invalid, diminish, or impair the lien of any mortgage or deed of trust on the MW Property made in good faith and for value. No Mortgagee shall have an obligation or duty under this Agreement to perform MW’s obligations, or to guarantee such performance, prior to taking title to all or a portion of the MW Property.
Mortgage Not Rendered Invalid. Neither entering into this Agreement nor a breach of this Agreement shall defeat, render invalid, diminish, or impair the lien of any mortgage or deed of trust on the CRT Property made in good faith and for value. No Mortgagee shall have an obligation or duty under this Agreement to perform CRT’s obligations, or to guarantee such performance, prior to taking title to all or a portion of the CRT Property.