Common use of Agent’s Power of Enforcement Clause in Contracts

Agent’s Power of Enforcement. If an Event of Default shall have occurred and be continuing, Agent may, either with or without entry or taking possession as provided in this Mortgage or otherwise, and without regard to whether or not the Secured Liabilities shall have been accelerated, and without prejudice to the right of Agent thereafter to bring an action of foreclosure or any other action for any Event of Default existing at the time such earlier action was commenced or arising thereafter, proceed by any appropriate action or proceeding: (a) to enforce payment of the Secured Liabilities or the performance of any term hereof or any of the other Loan Documents; (b) to foreclose this Mortgage and to have sold, as an entirety or in separate lots or parcels, the Mortgaged Property; and (c) to pursue any other remedy available to it. Agent may take action either by such proceedings or by the exercise of its powers with respect to entry or taking possession, or both, as Agent may determine.

Agent’s Power of Enforcement. If an Event of Default shall have occurred and be is continuing, Agent may, either with or without entry or taking possession as provided in this Mortgage or otherwise, and without regard to whether or not the Secured Liabilities Obligations shall have been accelerated, and without prejudice to the right of Agent thereafter to bring an action of foreclosure or any other action for any Event of Default default existing at the time such earlier action was commenced or arising thereafter, proceed by any appropriate action or proceeding: (a) to enforce payment of the Notes and/or any other of the Secured Liabilities Obligations or the performance of any term hereof or any of the other Loan Documents; (b) to foreclose this Mortgage and to have sold, as an entirety or in separate lots or parcels, the Mortgaged Encumbered Property; and (c) to pursue any other remedy available to it. Agent may take action either by such proceedings or by the exercise of its powers with respect to entry or taking possession, or both, as Agent may determine.

Agent’s Power of Enforcement. If an Event of Default shall have occurred and be continuingoccurred, Agent may, either with or without entry or taking possession as hereinabove provided in this Mortgage or otherwise, and without regard to whether or not the Secured Liabilities Obligations shall have been accelerated, be due and without prejudice to the right of Agent thereafter to bring an action of foreclosure or any other action for any Event of Default default existing at the time such earlier action was commenced or arising thereaftercommenced, proceed by any appropriate action or proceeding: (a) to enforce payment of the Secured Liabilities Obligations or the performance of any term hereof or any of the other Loan Documentsright; (b) to foreclose this Mortgage and to have soldsell, as an entirety or in separate lots or parcels, the Mortgaged PropertyProperty under the power of sale hereinafter provided or the judgment or decree of a court or courts of competent jurisdiction; and (c) to pursue any other remedy available to it. Agent may shall take action either by such proceedings or by the exercise of its powers with respect to entry or taking possession, or both, as Agent may determine.