Common use of SUCCESSORS AND ASSIGNS BOUND; JOINT AND SEVERAL LIABILITY; AGENTS; CAPTIONS Clause in Contracts

SUCCESSORS AND ASSIGNS BOUND; JOINT AND SEVERAL LIABILITY; AGENTS; CAPTIONS. The covenants and agreements contained in the Loan Documents shall bind, and the rights thereunder shall inure to, the respective successors and assigns of Agent and Mortgagor, subject to the provisions of Paragraph 13 hereof. All covenants and agreements of ▇▇▇▇ and Holdings shall be joint and several. In exercising any rights under the Loan Documents or taking any actions provided for therein, Agent may act through its employees, agents or independent contractors as authorized by Agent. The captions and headings of the paragraphs of this Mortgage are for convenience only and are not to be used to interpret or define the provisions hereof.

Appears in 1 contract

Sources: Mortgage, Assignment of Rents, Security Agreement and Fixture Filing (Lund International Holdings Inc)

SUCCESSORS AND ASSIGNS BOUND; JOINT AND SEVERAL LIABILITY; AGENTS; CAPTIONS. The covenants and agreements contained in the Loan Documents shall bind, and the rights thereunder shall inure to, the respective successors and assigns of Agent Lender and MortgagorBorrower, subject to the provisions of Paragraph 13 Section 11 hereof. All covenants and agreements of ▇▇▇▇ and Holdings Borrower shall be joint and several. In exercising any rights under the Loan Documents or taking any actions provided for therein, Agent may act through its employees, agents or independent contractors as authorized by Agent. The captions and headings of the paragraphs of this Mortgage Deed of Trust are for convenience only and are not to be used to interpret or define the provisions hereof.

Appears in 1 contract

Sources: Deed of Trust (Alterra Healthcare Corp)