Common use of APPLICATION OF OTHER SUMS Clause in Contracts

APPLICATION OF OTHER SUMS. All Rents or other sums received by Mortgagee or any agent or receiver hereunder, less all costs and expenses incurred by Mortgagee or such agent or receiver, including reasonable attorneys’ fees, shall be applied to payment of the Secured Obligations in such order as Mortgagee shall determine in its sole discretion; provided however, that Mortgagee shall have no liability for funds not actually received by Mortgagee.

Appears in 2 contracts

Samples: Mortgage, Assignment of Rents and Leases, Security Agreement (MGP Ingredients Inc), Mortgage, Assignment of Rents, Security Agreement (MGP Ingredients Inc)

AutoNDA by SimpleDocs

APPLICATION OF OTHER SUMS. All Rents or other sums received by Mortgagee or any agent or receiver hereunder, less all costs and expenses incurred by Mortgagee or such agent or receiver, including reasonable attorneys' fees, shall be applied to payment of the Secured Obligations in such order as Mortgagee shall determine in its sole discretion; provided however, that Mortgagee shall have no liability for funds not actually received by Mortgagee.

Appears in 1 contract

Samples: Master Loan Agreement (DT Acceptance Corp)

AutoNDA by SimpleDocs

APPLICATION OF OTHER SUMS. All Rents or other sums received by Mortgagee or any agent or receiver hereunder, less all costs and expenses incurred by Mortgagee or such agent or receiver, including reasonable attorneys’ fees, shall be applied to payment of the Secured Obligations in such order as Mortgagee shall determine in its sole discretion; provided however, that Mortgagee shall have no liability for funds not actually received by Mortgagee.

Appears in 1 contract

Samples: Mortgage, Assignment of Rents and Leases, Security Agreement, Fixture Filing and Financing Statement (AquaBounty Technologies, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!