Common use of Release of Mortgaged Property Clause in Contracts

Release of Mortgaged Property. (i) Subordinate Lender consents to and authorizes any future release by Senior Lender of all or any portion of the Mortgaged Property from the lien, operation, and effect of the Senior Loan Documents. Subordinate Lender waives to the fullest extent permitted by law, all equitable or other rights it may have in connection with the release of all or any portion of the Mortgaged Property, including any right to require Senior Lender to do any of the following:

Appears in 20 contracts

Samples: Subordination Agreement, Subordination Agreement, Subordination Agreement

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