Common use of Certain Rights of Beneficiary Clause in Contracts

Certain Rights of Beneficiary. 3.01 Should an Event of Default have occurred and be continuing, then Beneficiary may, after notice to and demand upon Trustor, without releasing Trustor from any such Event of Default and without waiving Beneficiary's right to declare an Event of Default or impairing any declaration of such Event of Default or election to cause Trustor's right, title and interest in and to the Series A Wind Park Agreements to be sold or any sale proceeding predicated thereon:

Appears in 2 contracts

Samples: Purchase Note and Security Agreement (Zond Windsystem Partners LTD Series 85-A), Trust and Security Agreement (Zond Windsystem Partners LTD Series 85-A)

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Certain Rights of Beneficiary. 3.01 Should an Event of Default have occurred and be continuing, then Beneficiary may, after notice to and demand upon Trustor, without releasing Trustor from any such Event of Default and without waiving Beneficiary's right to declare an Event of Default or impairing any declaration of such Event of Default or election to cause Trustor's right, title and interest in and to the Series A Wind Park Transmission Easements and Agreements to be sold or any sale proceeding predicated thereon:

Appears in 2 contracts

Samples: Zond Windsystem Partners LTD Series 85-A, Zond Windsystem Partners LTD Series 85-B

Certain Rights of Beneficiary. 3.01 Should an Event of Default have occurred and be continuing, then Beneficiary may, after notice to and demand upon Trustor, without releasing Trustor from any such Event of Default and without waiving Beneficiary's right to declare an Event of Default or impairing any declaration of such Event of Default or election to cause Trustor's right, title and interest in and to the Series A Wind Park Agreements Easement Agreement to be sold or any sale proceeding predicated thereon:

Appears in 1 contract

Samples: Zond Windsystem Partners LTD Series 85 C

Certain Rights of Beneficiary. 3.01 Should an Event event of Default have occurred and be continuing, then Beneficiary may, after notice to and demand upon Trustor, without releasing Trustor from any such Event of Default and without waiving Beneficiary's right to declare an Event of Default or impairing any declaration of such Event of Default or election to cause Trustor's right, title and interest in and to the Series A Wind Park Agreements Easement Agreement to be sold or any sale proceeding predicated thereon:

Appears in 1 contract

Samples: Purchase Note and Security Agreement (Zond Windsystem Partners LTD Series 85 C)

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Certain Rights of Beneficiary. 3.01 Should an Event of Default have occurred and be continuing, then Beneficiary may, after notice to and demand upon Trustor, without releasing Trustor from any such Event of Default and without waiving Beneficiary's right to declare an Event of Default or impairing any declaration of such Event of Default or election to cause Trustor's right, title and interest in and to the Series A B Wind Park Agreements to be sold or any sale proceeding predicated thereon:

Appears in 1 contract

Samples: Zond Windsystem Partners LTD Series 85-B

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