Common use of Certain Aspects of a Sale Clause in Contracts

Certain Aspects of a Sale. Each Lender or Noteholder shall have the right to become the purchaser at any sale held by the Trustees or by any court, receiver or public officer, and such Lender shall have the right to credit upon the amount of the bid made therefor the amount payable out of the net proceeds of such sale to it. Recitals contained in any conveyance made to any purchaser at any sale made hereunder shall conclusively establish the truth and accuracy of the matters therein stated, including, without limiting the generality of the foregoing, nonpayment of the unpaid principal sum of, and the interest accrued on, the Secured Indebtedness after the same have become due and payable, advertisement and conduct of such sale in the manner provided herein or appointment of any successor Trustee hereunder.

Certain Aspects of a Sale. Each The Lender or Noteholder shall have the right to become the purchaser at any public sale held by the Trustees Lender or by any court, receiver or public officer, and such the Lender shall have the right to credit upon the amount of the bid made therefor upon the amount payable out of the net proceeds of such sale to it. Recitals contained in any conveyance made to any purchaser at any sale made hereunder shall conclusively establish the truth and accuracy of the matters therein stated, including, without limiting the generality of the foregoing, nonpayment of the unpaid principal sum of, and the interest accrued on, the Secured Indebtedness after the same have has become due and payable, and advertisement and conduct of such sale in the manner provided herein or appointment of any successor Trustee hereunderherein.