Common use of Change in Laws Clause in Contracts

Change in Laws. If any statute now applicable in any state in which any of the Mortgaged Property is now located provides, or shall hereafter be amended to provide, a different procedure for the sale of real property under a power of sale in a deed of trust or mortgage, Mortgagee may, in its sole discretion, if same be permitted by applicable law, follow the sale procedure set forth in this Article 7 or that prescribed in such statute, as amended.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (Alexion Pharmaceuticals Inc)

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Change in Laws. If any statute now applicable in any state in which any of the Mortgaged Property is now located provides, or shall hereafter be amended to provide, a new or different procedure for the sale of real property under a power of sale in a deed of trust or mortgage, Mortgagee may, in its sole discretion, if same be permitted by applicable law, follow the sale procedure set forth in this Article 7 8 or that prescribed in such statute, as amended.

Appears in 1 contract

Samples: Mortgage, Security Agreement (Glimcher Realty Trust)

Change in Laws. If any statute now applicable in any state in which any of the Mortgaged Property is now located provides, or shall hereafter be amended to provide, a different procedure for the sale of real property under a power of sale in a deed of trust or mortgage, Mortgagee Beneficiary may, in its sole discretion, if same be permitted by applicable law, follow the sale procedure set forth in this Article 7 VII or that prescribed in such statute, as amended.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (General Growth Properties, Inc.)

Change in Laws. If any statute now applicable in any state in which any of the Mortgaged Property is now located provides, or shall hereafter be amended to provide, a different procedure for the sale of real property under a power of sale in a deed of trust Mortgage or mortgage, Mortgagee may, in its sole discretion, if same be permitted by applicable law, follow the sale procedure set forth in this Article 7 VII or that prescribed in such statute, as amended.. Mortgage (GPT) (FORM) 20

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Gramercy Property Trust Inc.)

Change in Laws. If any statute now applicable in any state in which any of the Mortgaged Property is now located provides, or shall hereafter be amended to provide, a different procedure for the sale of real property under a power of sale in a deed of trust Mortgage or mortgage, Mortgagee may, in its sole discretion, if same be permitted by applicable law, follow the sale procedure set forth in this Article 7 VII or that prescribed in such statute, as amended.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Gramercy Property Trust Inc.)

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Change in Laws. If any statute now applicable in any state in ---------------- which any of the Mortgaged Property Properties is now located provides, or shall hereafter be amended to provide, a different procedure for the sale of real property under a power of sale in a deed of trust or mortgage, Mortgagee the Holder may, in its sole discretion, if same be permitted by applicable law, follow the sale procedure set forth in this Article 7 VIII or that prescribed in such statute, as amended.

Appears in 1 contract

Samples: Instrument Contains (Colony Energy, Inc.)

Change in Laws. If any statute now applicable in any state in which any of the Mortgaged Property is now located provides, or shall hereafter be amended to provide, a new or different procedure for the sale of real property under a power of sale in a deed of trust or mortgage, Mortgagee may, in its sole discretion, if same be permitted by applicable law, follow the sale procedure set forth in this Article 7 ARTICLE 8 or that prescribed in such statute, as amended.

Appears in 1 contract

Samples: Glimcher Realty Trust

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