Common use of Application of Monies by Beneficiary Clause in Contracts

Application of Monies by Beneficiary. (a) In case of a foreclosure sale of all or any part of the Trust Estate and of the application of the proceeds of sale to the payment of the sums secured hereby, to the extent permitted by law, Beneficiary shall be entitled to enforce payment from Grantor of any additional amounts then remaining due and unpaid hereunder or under the Indenture or any other Note Document to which it is a party and to recover judgment against Grantor for any portion thereof remaining unpaid, with interest at the Default Rate.

Application of Monies by Beneficiary. (a) In case of a foreclosure sale of all or any part of the Trust Estate and of the application of the proceeds of sale to the payment of the sums secured hereby, to the extent permitted by law, Beneficiary shall be entitled to enforce payment from Grantor of any additional amounts then remaining due and unpaid hereunder or under the Indenture Guarantee or any other Note Document and/or the Credit Agreement or any other Loan Document to which it is a party and to recover judgment against Grantor for any portion thereof remaining unpaid, with interest at the Default Rate.

Application of Monies by Beneficiary. (a) In case of a foreclosure sale of all or any part of the Trust Estate and of the application of the proceeds of sale to the payment of the sums secured hereby, to the extent permitted by law, Beneficiary shall be entitled to enforce payment from Grantor Trustor of any additional amounts then remaining due and unpaid hereunder or under the Indenture or any other Note Document to which it is a party and to recover judgment against Grantor Trustor for any portion thereof remaining unpaid, with interest at the Default Rate.interest rate on the Notes, in accordance with NRS 40.451 et seq..

Application of Monies by Beneficiary. (a) In case of a foreclosure sale of all or any part of the Trust Estate and of the application of the proceeds of sale to the payment of the sums secured hereby, to the extent permitted by law, Beneficiary shall be entitled to enforce payment from Grantor of any additional amounts then remaining due and unpaid hereunder or under the Indenture Credit Agreement or any other Note Loan Document to which it is a party and to recover judgment against Grantor for any portion thereof remaining unpaid, with interest at the Default Rate.