Common use of Modification of Loan Documents Clause in Contracts

Modification of Loan Documents. At any time or from time to time and any number of times, without notice to Guarantor and without affecting the liability of Guarantor, all of the following will apply: (a) Lender may extend the time for payment of the principal of or interest on the Indebtedness or renew the Indebtedness in whole or in part. (b) Lender may extend the time for Borrower’s performance of or compliance with any covenant or agreement contained in the Note, the Loan Agreement or any other Loan Document, whether presently existing or entered into after the date of this Guaranty, or waive such performance or compliance. (c) Lender may accelerate the Maturity Date of the Indebtedness as provided in the Note, the Loan Agreement, or any other Loan Document. (d) Lender and Borrower may modify or amend the Note, the Loan Agreement, or any other Loan Document in any respect, including an increase in the principal amount. (e) Lender may modify, exchange, surrender or otherwise deal with any security for the Indebtedness or accept additional security that is pledged or mortgaged for the Indebtedness.

Appears in 59 contracts

Sources: Guaranty (Steadfast Apartment REIT, Inc.), Guaranty (Steadfast Apartment REIT, Inc.), Guaranty (Steadfast Apartment REIT, Inc.)

Modification of Loan Documents. At any time or from time to time and any number of times, without notice to Guarantor and without affecting the liability of Guarantor, all of the following will apply: (a) Lender may extend the time for payment of the principal of or interest on the Indebtedness or renew the Indebtedness in whole or in part. (b) Lender may extend the time for Borrower’s performance of or compliance with any covenant or agreement contained in the Note, the Loan Agreement or any other Loan Document, whether presently existing or in this Guaranty after entered into after the date of this Guarantyinto, or waive such performance or compliance. (c) Lender may accelerate the Maturity Date of the Indebtedness as provided in the Note, the Loan Agreement, or any other Loan Document. (d) Lender and Borrower may modify or amend the Note, the Loan Agreement, or any other Loan Document in any respect, including an increase in the principal amount. (e) Lender may modify, exchange, surrender or otherwise deal with any security for the Indebtedness or accept additional security that is pledged or mortgaged for the Indebtedness.

Appears in 9 contracts

Sources: Guaranty (Steadfast Income REIT, Inc.), Guaranty (Care Investment Trust Inc.), Guaranty (Care Investment Trust Inc.)

Modification of Loan Documents. At any time or from time to time and any number of times, without notice to Guarantor and without affecting the liability of Guarantor, all Lender may take any of the following will applyactions: (a) Lender may extend Extend the time for payment of the principal of or interest on the Indebtedness or renew the Indebtedness in whole or in part. (b) Lender may extend Extend the time for Borrower’s performance of or compliance with any covenant or agreement contained in the Note, the Loan Agreement Security Instrument or any other Loan Document, whether presently existing or hereinafter entered into after the date of this Guarantyinto, or waive such performance or compliance. (c) Lender may accelerate Accelerate the Maturity Date of the Indebtedness as provided in the Note, the Loan AgreementSecurity Instrument, or any other Loan Document. (d) Lender and Borrower may With Borrower, modify or amend the Note, the Loan AgreementSecurity Instrument, or any other Loan Document in any respect, including an increase in the principal amount. (e) Lender may modifyModify, exchange, surrender or otherwise deal with any security for the Indebtedness or accept additional security that is pledged or mortgaged for the Indebtedness.

Appears in 2 contracts

Sources: Guaranty (Steadfast Income REIT, Inc.), Guaranty (Steadfast Income REIT, Inc.)

Modification of Loan Documents. At any time or from time to time and any number of times, without notice to Guarantor and without affecting the liability of Guarantor, all of the following will apply: (a) Lender may extend the time for payment of the principal of or interest on the Indebtedness or renew the Indebtedness in whole or in part. (b) Lender may extend the time for Borrower’s 's performance of or compliance with any covenant or agreement contained in the Note, the Loan Agreement or any other Loan Document, whether presently existing or entered into after the date of this Guaranty, or waive such performance or compliance. (c) Lender may accelerate the Maturity Date of the Indebtedness as provided in the Note, the Loan Agreement, or any other Loan Document. (d) Lender and Borrower may modify or amend the Note, the Loan Agreement, or any other Loan Document in any respect, including an increase in the principal amount. (e) Lender may modify, exchange, surrender or otherwise deal with any security for the Indebtedness or accept additional security that is pledged or mortgaged for the Indebtedness.

Appears in 1 contract

Sources: Guaranty (Bluerock Residential Growth REIT, Inc.)