Common use of Permitted Acts Clause in Contracts

Permitted Acts. Grantor agrees that, without affecting or diminishing in any way the liability of Grantor or any other person, except any person expressly released in writing by Beneficiary (with the consent of any pledgee of the Liabilities), for the payment or performance of any of the Liabilities or for the performance of any obligation contained herein or affecting the lien hereof upon the Collateral or any part thereof, Beneficiary may at any time and from time to time, without notice to or the consent of any person: (a) release any person liable for the payment or performance of the Liabilities or any guaranty given in connection therewith; (b) extend the time for, or agree with Grantor to alter the terms of payment, reimbursement or performance of any of the Liabilities or any guaranty given in connection therewith; (c) modify or waive any obligation; (d) subordinate, modify or otherwise deal with the lien hereof; (e) accept additional security of any kind for repayment of the Liabilities or any guaranty given in connection therewith; (f) release any Collateral or other property securing any or all of the Liabilities or any guaranty given in connection therewith; (g) make releases of any portion of the Premises; (h) consent to the making of any map or plat of the Premises; (i) consent to the creation of any easements on the Premises or of any covenants restricting the use or occupancy thereof; or (j) exercise or refrain from exercising, or waive, any right Beneficiary may have.

Permitted Acts. Grantor The Mortgagor agrees that, without affecting or diminishing in any way the liability of Grantor the Mortgagor or any other personPerson, except any person Person expressly released in writing by Beneficiary the Mortgagee (with the consent of any pledgee of the LiabilitiesSecured Obligations), for the payment or performance of any of the Liabilities Secured Obligations or for the performance of any obligation contained herein or affecting the lien hereof upon the Collateral or any part thereof, Beneficiary the Mortgagee may at any time and from time to time, without notice to or the consent of any person: (a) Person, release any person Person liable for the payment or performance of the Liabilities Agreement or any of the other Secured Obligations or any guaranty given in connection therewith; (b) extend the time for, or agree with Grantor to alter the terms of paymentpayment of, reimbursement any indebtedness under the Agreement or performance of any of the Liabilities other Secured Obligations or any guaranty given in connection therewith; (c) modify or waive any obligation; (d) subordinate, modify or otherwise deal with the lien hereof; (e) accept additional security of any kind for repayment of under the Liabilities Agreement or the other Secured Obligations or any guaranty given in connection therewith; (f) release any Collateral or other property securing any or all of the Liabilities Agreement or the other Secured Obligations or any guaranty given in connection therewith; (g) make releases of any portion of the Premises; (h) consent to the making of any map or plat of the Premises; (i) consent to the creation of any easements on the Premises or of any covenants restricting the use or occupancy thereof; or (j) exercise or refrain from exercising, or waive, any right Beneficiary the Mortgagee may have.

Permitted Acts. Grantor Borrower agrees that, without affecting or diminishing in any way the liability of Grantor Borrower or any other person, except any person expressly released in writing by Beneficiary Lender (with the consent of any pledgee of the Liabilities), for the payment or performance of any of the Liabilities or for the performance of any obligation contained herein or affecting the lien hereof upon the Collateral or any part thereof, Beneficiary Lender may at any time and from time to time, without notice to or the consent of any person: (a) release any person liable for the payment or performance of the Liabilities or any guaranty given in connection therewith; (b) extend the time for, or agree with Grantor to alter the terms of payment, reimbursement or performance of any of the Liabilities or any guaranty given in connection therewith; (c) modify or waive any obligation; (d) subordinate, modify or otherwise deal with the lien hereof; (e) accept additional security of any kind for repayment of the Liabilities or any guaranty given in connection therewith; (f) release any Collateral or other property securing any or all of the Liabilities or any guaranty given in connection therewith; (g) make releases of any portion of the Premises; (h) consent to the making of any map or plat of the Premises; (i) consent to the creation of any easements on the Premises or of any covenants restricting the use or occupancy thereof; or (j) exercise or refrain from exercising, or waive, any right Beneficiary Lender may have.

Permitted Acts. Grantor The Mortgagor agrees that, without affecting or -------------- diminishing in any way the liability of Grantor the Mortgagor or any other person, person (except any person expressly released in writing by Beneficiary (with the consent of any pledgee of the Liabilities), Mortgagee) for the payment or performance of any of the Liabilities or for the performance of any obligation contained herein or affecting the lien hereof upon the Collateral or any part thereof, Beneficiary the Mortgagee may at any time and from time to time, without notice to or the consent of any person, do any or all of the following: (ai) release any person liable (whether directly or indirectly, primarily or secondarily, or otherwise) for the payment or performance of any of the Liabilities or any guaranty given in connection therewithLiabilities; (bii) extend the time for, or agree with Grantor to alter the terms of paymentpayment of, reimbursement any indebtedness under the Credit Agreement or performance of any of the Liabilities or any guaranty given in connection therewithLiabilities; (ciii) modify or waive any obligationobligation or performance; (div) subordinate, modify or otherwise deal with the lien hereof; (ev) accept additional security of any kind for repayment of the Liabilities or any guaranty given in connection therewithkind; (fvi) release any Collateral or other property securing any or all of the Liabilities or any guaranty given in connection therewithLiabilities; (gvii) make releases of any portion of the Premises; (hviii) consent to the making of any map or plat plan of the Premises; (iix) consent to the creation of a condominium regime on all or any part of the Premises, or to the creation of any easements on the Premises or of any covenants restricting the use or occupancy thereof; or (jx) exercise or refrain from exercising, or waive, any right Beneficiary the Mortgagee may have.

Permitted Acts. Grantor Borrower agrees that, without affecting or diminishing in any way the liability of Grantor Borrower or any other person, person (except any person expressly released in writing by Beneficiary (with the consent of any pledgee of the Liabilities), Lender) for the payment or performance of any of the Liabilities Secured Obligations or for the performance of any obligation contained herein or affecting the lien hereof upon the Collateral or any part thereof, Beneficiary Lender may at any time and from time to time, without notice to or the consent of any person: (a) person release any person liable for the payment or performance of any of the Liabilities or any guaranty given in connection therewithSecured Obligations; (b) extend the time for, or agree with Grantor to alter the terms of paymentpayment of, reimbursement any Indebtedness under the Note or performance of any of the Liabilities or any guaranty given in connection therewithSecured Obligations; (c) modify or waive any obligation; (d) subordinate, modify or otherwise deal with the lien hereof; (e) accept additional security of any kind for repayment of the Liabilities or any guaranty given in connection therewithkind; (f) release any Collateral or other property securing any or all of the Liabilities or any guaranty given in connection therewithSecured Obligations; (g) make releases of any portion of the Premises; (h) consent to the making of any map or plat of the Premises; (i) consent to the creation of any easements on the Premises or of any covenants restricting the use or occupancy thereof; or (j) exercise or refrain from exercising, or waive, any right Beneficiary Lender may havehave hereunder or under any of the other Loan Documents.