Common use of Application of Indebtedness Toward Purchase Price Clause in Contracts

Application of Indebtedness Toward Purchase Price. Upon any foreclosure sale, Agent may apply any or all of the Secured Liabilities to the price paid by Agent at the foreclosure sale.

Application of Indebtedness Toward Purchase Price. Upon any foreclosure sale, Agent may apply any or all of the Secured Liabilities Obligations to the price paid by Agent at the foreclosure sale, in accordance with the Credit Agreement and in accordance with and to the extent allowed by applicable law.

Application of Indebtedness Toward Purchase Price. Upon any foreclosure sale, Agent may apply any or all of the Secured Liabilities indebtedness and other sums due to Agent under the Notes, this Mortgage or any other Loan Document to the price paid by Agent at the foreclosure sale.