Right to Deal. In the event that ownership of the Mortgaged Property becomes vested in a Person other than Grantor, Mortgagee may, without notice to Grantor, deal with such successor or successors in interest with reference to this Mortgage or the Note Obligations in the same manner as with Grantor, without in any way vitiating or discharging Grantor’s or Borrower’s liability hereunder or for the payment or performance of the Note Obligations or being deemed a consent to such vesting.
Right to Deal. In the event that ownership of the Property becomes vested in a Person other than Xxxxxxxx, Lender may, without notice to Borrower, deal with such successor or successors in interest with reference to this Agreement or the Obligations in the same manner as with Borrower, without in any way vitiating or discharging Borrower’s liability hereunder or for the payment of the Obligations or being deemed a consent to such vesting. It being agreed that Xxxxxx’s dealing with any such successor or successors as aforesaid shall not relieve Borrower of its obligations or liabilities hereunder or under the Loan Documents (including, without limitation, the Obligations), all of which shall remain the primary obligations and liabilities of Borrower as a principal hereunder and thereunder, and not as merely a guarantor or by way of stand-by liability.
Right to Deal. In the event that ownership of the Security Property becomes vested in a Person other than Grantor, Beneficiary may, without notice to Grantor, deal with such successor or successors in interest with reference to this Deed of Trust or the Note Obligations in the same manner as with Grantor, without in any way vitiating or discharging Grantor’s liability hereunder or for the payment or performance of the Note Obligations or being deemed a consent to such vesting.
Right to Deal. In the event that ownership of the Mortgaged Property becomes vested in a person other than Mortgagor, Mortgagee may, without notice to Mortgagor, deal with such successor or successors in interest with reference to this Mortgage or the Obligations in the same manner as with Mortgagor, without in any way vitiating or discharging Mortgagor's liability hereunder or for the payment of the Obligations or being deemed a consent to such vesting.
Right to Deal. 5.1 Grantor’s Rights before Default Until the occurrence of an Event of Default which is continuing and subject to the terms of this Agreement and the Credit Agreement, the Grantor is entitled to deal with the Secured Property in the ordinary course of business, provided however, that no such action shall be taken which would impair the effectiveness of the Security Interest created by this Agreement or the value of the Secured Property or which would be inconsistent with or violate the provisions of this Agreement, the Credit Agreement, any Control Agreement or any other Loan Document.
Right to Deal. In the event that ownership of the Trust Property becomes vested in a Person other than Grantor, Secured Party may, without notice to Grantor, deal with such successor or successors in interest with reference to this Deed of Trust or the Secured Obligations in the same manner as with Grantor, without in any way vitiating or discharging Grantor's liability hereunder or for the payment of the Secured Obligations or being deemed to have consented to such vesting.
Right to Deal. 5.1 Debtor's Rights before Event of Default Until the occurrence and continuance of an Event of Default and subject to the terms of this Agreement, the Debtor is entitled to deal with the Secured Property in the ordinary course of business, provided that, that no such action shall be taken which would impair the effectiveness of the Security Interests created by this Agreement or the value of the Secured Property or which would be inconsistent with or violate the provisions of this Agreement or any other written agreement between the Secured Party and the Debtor.
Right to Deal. In the event that ownership of the Mortgaged Property becomes vested in a person other than Trustor, Trustee and Beneficiary may, without notice to Trustor, deal with such successor or successors in interest with reference to this Deed of Trust or the Obligations in the same manner as with Trustor, without in any way vitiating or discharging Trustor’s liability hereunder or for the payment of the Obligations or being deemed a consent to such vesting.
Right to Deal. In the event that ownership of the Premises becomes vested in a Person other than Mortgagor, Mortgagee may, without notice to Mortgagor, deal with such successor or successors in interest with reference to this Mortgage or the Obligations in the same manner as with Mortgagor, without in any way vitiating or discharging Mortgagor's liability hereunder or for the payment of the Obligations or being deemed a consent to such vesting.
Right to Deal. In the event that ownership of the Collateral (or any part thereof) becomes vested in a person other than Debtor, Secured Party may, without notice to Debtor, deal with such successor or successors in interest with reference to this Instrument or the Obligations in the same manner as with Debtor, without in any way vitiating or discharging Debtor's liability hereunder or for the payment of the Obligations or being deemed a consent to such vesting.
