Common use of No Release of Collateral Clause in Contracts

No Release of Collateral. Borrower further acknowledges and agrees that this Agreement shall in no way occasion a release of any collateral held by Bank as security to or for the Loan, and that all collateral held by Bank as security to or for the Loan shall continue to secure the Loan.

Appears in 1 contract

Sources: Waiver Agreement (Innotrac Corp)

No Release of Collateral. Borrower further acknowledges and agrees that this Agreement shall in no way occasion a release of any collateral held by Bank Lender as security to or for the Loan, and that all collateral held by Bank Lender as security to or for the Loan shall continue to secure the Loan.

Appears in 1 contract

Sources: Loan Documents Modification Agreement (Suburban Lodges of America Inc)