Application of Foreclosure Sale Proceeds. The proceeds of any foreclosure sale of the Mortgaged Property or any part thereof received by Lender shall be applied by Lender to the indebtedness secured hereby in such order and manner as Lender may elect.
Appears in 3 contracts
Samples: Assignment and Assumption Agreement (Quixote Corp), Subsidiary Stock Pledge Agreement (Quixote Corp), Starcraft Corp /In/
Application of Foreclosure Sale Proceeds. The proceeds of any foreclosure sale of the Mortgaged Property or any part thereof received by Lender shall be applied by Lender to the indebtedness secured hereby in such order and manner as Lender may electprescribed by the Loan Agreement.
Appears in 2 contracts
Samples: Sigmatron International Inc, Sigmatron International Inc
Application of Foreclosure Sale Proceeds. The proceeds of any foreclosure sale of the Mortgaged Property or any part thereof received by Lender Bank shall be applied by Lender Bank to the indebtedness secured hereby in such order and manner as Lender Bank may elect.
Appears in 2 contracts
Samples: Subsidiary Stock Pledge Agreement (Quixote Corp), Subsidiary Stock Pledge Agreement (Quixote Corp)
