Release by Borrower. Borrower waives and releases any claims, now or in the future, known or unknown, that it may have to require or compel Bank to provide future Loans other than as may be separately agreed by Borrower and Bank pursuant to a subsequent commitment letter or other written agreement between the parties, specifying the terms and conditions of such fundings. Any such commitment or agreement shall be satisfactory to Bank, in its sole discretion. In connection therewith, Borrower will execute such additional loan documentation as Bank shall require including, without limitation, amendments and modifications to the Loan Documents, together with the Loan Summary, which will evidence and set forth the particular terms, conditions, restrictions, agreements and covenants that pertain to the future Loans, as required by Bank. Borrower acknowledges and agrees that the terms and conditions in any future Loan Summary and related loan documentation shall be determined independently from the terms of the Loan Documents and of any prior Loan Summary, if any, and Borrower shall not rely upon the form and content of the terms of the Loan Documents and of any prior Loan Summary as being determinative of what may be included in a future Loan Summary.
Appears in 2 contracts
Sources: Revolving Line of Credit Agreement (CNL Health Care Properties Inc), Revolving Line of Credit Agreement (CNL Health Care Properties Inc)
Release by Borrower. Borrower waives and releases released any claims, now or in the future, known or unknown, that it may have to require or compel Bank to provide future Loans other than as may be separately agreed by Borrower and Bank pursuant to a subsequent commitment letter or other written agreement between the parties, specifying the terms and conditions of such fundings. Any such commitment or agreement shall be satisfactory to Bank, in its sole discretion. In connection therewith, Borrower will execute such additional loan documentation as Bank shall require including, without limitation, amendments and modifications to the Loan Documents, together with the Loan Summary, which will evidence and set forth the particular terms, conditions, restrictions, agreements and covenants that pertain to the future Loans, as required by Bank. Borrower acknowledges and agrees that the terms and conditions in any future Loan Summary and related loan documentation shall be determined independently from of the terms of the Loan Documents and of any prior Loan Summary, if any, and Borrower shall not rely upon the form and content of the terms of the Loan Documents and of any prior Loan Summary as being determinative of what may be included in a future Loan Summary.
Appears in 1 contract
Sources: Master Revolving Line of Credit Loan Agreement (CNL Hospitality Properties Inc)