Mortgage Not Rendered Invalid Sample Clauses

The 'Mortgage Not Rendered Invalid' clause ensures that the validity of a mortgage is not affected by certain defects, omissions, or irregularities in the mortgage documentation or process. For example, if there is a minor error in the description of the property or a technical mistake in the execution of the mortgage, this clause prevents such issues from automatically invalidating the mortgage agreement. Its core practical function is to protect the lender’s security interest by maintaining the enforceability of the mortgage despite minor procedural or clerical errors, thereby reducing the risk of unintended loss of collateral.
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Mortgage Not Rendered Invalid. Except as provided in
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Mortgage Not Rendered Invalid. Except as provided in Section 12.1.2, neither entering into this Agreement nor a Breach of this Agreement, nor any Event of Monetary Default nor any Event of Non-Monetary Default shall defeat, render invalid, diminish, or impair the lien of any Mortgage made in good faith and for value.
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Mortgage Not Rendered Invalid. Neither entering into this Agreement nor a breach of this Agreement shall defeat, render invalid, diminish, or impair the priority of the lien of any mortgage or deed of trust on the Property made in good faith and for value. No Mortgagee shall have an obligation or duty under this Agreement to perform the Developer’s obligations, or to guarantee such performance, prior to taking title to all or a portion of the Property (subject to the applicable provisions of this Section 6.25).‌
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Mortgage Not Rendered Invalid. Except as provided in render invalid, diminish, or impair the lien of any Mortgage made in good faith and for value.
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Mortgage Not Rendered Invalid. Neither entering into this Agreement nor a breach of this Agreement shall defeat, render invalid, diminish, or impair the lien of any mortgage or deed of trust on the MW Property made in good faith and for value. No Mortgagee shall have an obligation or duty under this Agreement to perform MW’s obligations, or to guarantee such performance, prior to taking title to all or a portion of the MW Property.
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Mortgage Not Rendered Invalid. Neither entering into this Agreement nor a breach of this Agreement shall defeat, render invalid, diminish, or impair the lien of any mortgage or deed of trust on the CRT Property made in good faith and for value. No Mortgagee shall have an obligation or duty under this Agreement to perform CRT’s obligations, or to guarantee such performance, prior to taking title to all or a portion of the CRT Property.
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Related to Mortgage Not Rendered Invalid

  • Unenforceable Provisions If any provision of this Agreement is deemed unenforceable, the rest of the Agreement shall remain in effect and the Parties shall negotiate in good faith and seek to agree upon a substitute provision that will achieve the original intent of the Parties.

  • Unenforceable Terms Any provision hereof prohibited by law or unenforceable under the law of any jurisdiction in which such provision is applicable shall as to such jurisdiction only be ineffective without affecting any other provision of this Agreement. To the full extent, however, that such applicable law may be waived to the end that this Agreement be deemed to be a valid and binding agreement enforceable in accordance with its terms, the Parties hereto hereby waive such applicable law knowingly and understanding the effect of such waiver.

  • UNENFORCEABLE PROVISION In the event that any provision of this Agreement is unenforceable or held to be unenforceable, then the parties agree that all other provisions of this Agreement have force and effect and shall not be affected thereby.

  • Invalid or Unenforceable Provisions The invalidity or unenforceability of any particular provision of this Agreement shall not affect the other provisions hereof, and this Agreement shall be construed in all respects as if the invalid or unenforceable provisions were omitted.

  • Invalidity; Severability If any portion of this Agreement is declared invalid, illegal, or otherwise unenforceable by a court of competent jurisdiction, the remaining provisions shall continue in full force and effect.