Common use of Abandonment of Sale Clause in Contracts

Abandonment of Sale. In the event a foreclosure hereunder should be commenced by Trustee in accordance with Subsection 3.2(c), Beneficiary may at any time before the sale direct Trustee to abandon the sale, and may then institute suit for collection of the Obligation, and/or for the foreclosure of the liens hereof. If Beneficiary should institute a suit for the collection of the Obligation, and/or for a foreclosure of the liens hereof, it may at any time before the entry of a final judgment in said suit dismiss the same, and sell and/or require Trustee to sell (and the Trustee is hereby expressly authorized to sell) the Mortgaged Property, or any part thereof, in accordance with the provisions of this Deed of Trust.

Appears in 6 contracts

Samples: Baron Energy Inc., Baron Energy Inc., Baron Energy Inc.

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Abandonment of Sale. In the event a foreclosure hereunder should be commenced by Trustee in accordance with Subsection 3.2(c3.4(c), Beneficiary may at any time before the sale direct Trustee to abandon the sale, and may then institute suit for collection of the Obligation, and/or for the foreclosure of the liens hereof. If Beneficiary should institute a suit for the collection collection: of the Obligation, and/or for a foreclosure of the liens hereof, it may at any time before the entry of a final judgment in said suit dismiss the same, and sell and/or require Trustee to sell (and the Trustee is hereby hereby. expressly authorized to sell) the thy: Mortgaged Property, or any part thereof, in accordance with the provisions of this Deed of Trust.

Appears in 1 contract

Samples: Baron Energy Inc.

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Abandonment of Sale. In the event a foreclosure hereunder should be commenced by Trustee in accordance with Subsection 3.2(c), Beneficiary may at any time before the sale direct Trustee to abandon the sale, and may then institute suit for collection of the Obligation, and/or for the foreclosure of the liens hereof. hereof If Beneficiary should institute a suit for the collection of the Obligation, and/or for a foreclosure of the liens hereof, it may at any time before the entry of a final judgment in said suit dismiss the same, and sell and/or require Trustee to sell (and the Trustee is hereby expressly authorized to sell) the Mortgaged Property, or any part thereof, in accordance with the provisions of this Deed of Trust.

Appears in 1 contract

Samples: Baron Energy Inc.

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