Common use of Credit Bids Clause in Contracts

Credit Bids. At any Foreclosure Sale, any person, including Mortgagor or Mortgagee, may bid for and acquire the Property or any part of it to the extent permitted by then applicable law. Instead of paying cash for such property, Mortgagee may settle for the purchase price by crediting the sales price of the property against the following obligations: (a) First, the portion of the Secured Obligations attributable to the expenses of sale, costs of any action and any other sums for which Mortgagor is obligated to pay or reimburse Mortgagee under Section 5.10 of this Mortgage; and (b) Second, all other Secured Obligations in any order and proportions as Mortgagee in its sole discretion may choose.

Credit Bids. At any Foreclosure Sale, any person, including Mortgagor or Mortgagee, may bid for and acquire the Property or any part of it to the extent permitted by then applicable law. Instead of paying cash for such property, Mortgagee may settle for the purchase price by crediting the sales price of the property against the following obligations: (a) First, the portion of the Secured Obligations attributable to the expenses of sale, costs of any action and any other sums for which Mortgagor is obligated to pay or reimburse Mortgagee under Section 5.10 of this Mortgage5.9 above; and (b) Second, all other Secured Obligations in any order and proportions as Mortgagee in its sole discretion may choose.

Credit Bids. At any Foreclosure Sale, any person, including Mortgagor or Mortgagee, may bid for and acquire the Property or any part of it to the extent permitted by then applicable law. Instead of paying cash for such property, Mortgagee may settle for the purchase price by crediting the sales price of the property against the following obligations: (a) First, the portion of the Secured Obligations attributable to the expenses of sale, costs of any action and any other sums for which Mortgagor is obligated to pay or reimburse Mortgagee under Section 5.10 5.9 of this Mortgage; and (b) Second, all other Secured Obligations in any order and proportions as Mortgagee in its sole discretion may choose.

Credit Bids. At any Foreclosure Sale, any person, including Mortgagor or Mortgagee, may bid for and acquire the Property or any part of it to the extent permitted by then applicable law. Instead of paying cash for such propertyProperty, Mortgagee may settle for the purchase price by crediting the sales price of the property Property against the following obligations: (a) First, the portion of the Secured Obligations attributable to the expenses of sale, costs of any action and any other sums for which Mortgagor is obligated to pay or reimburse Mortgagee under Section 5.10 of this Mortgage; and (b) Second, all other Secured Obligations in any order and proportions as Mortgagee in its sole discretion may choosechoose consistent with the requirements of the Credit Agreement.

Credit Bids. At any Foreclosure Sale, any person, including Mortgagor or Mortgagee, may bid for and acquire the Property or any part of it to the extent permitted by then applicable law. Instead of paying cash for such property, Mortgagee may settle for the purchase price by crediting the sales price of the property against the following obligations: (a) First, the portion of the Secured Obligations attributable to the expenses of sale, costs of any action and any other sums for which Mortgagor is obligated to pay or reimburse Mortgagee under Section 5.10 5.13 of this Mortgage; and (b) Second, all other Secured Obligations in any order and proportions as Mortgagee in its sole discretion may choose.

Credit Bids. At any Foreclosure Sale, any person, including ----------- Mortgagor or Mortgagee, Mortgagee may bid for and acquire the Property or any part of it thereof to the extent permitted by then applicable law. Instead of paying cash for such property, Mortgagee may settle for the purchase price by crediting the sales price of the property against the following obligations: (a) First, the portion of the Secured Obligations attributable to the expenses of sale, costs of any action and any other sums for which Mortgagor is obligated to pay or reimburse Mortgagee or the Lenders under Section 5.10 of this Mortgage5.11; and (b) Second, all other Secured Obligations in any order and proportions as Mortgagee in its sole absolute discretion may choosechoose (subject to any applicable provisions for priority of application of payments set forth in the Loan Agreement).

Credit Bids. At any Foreclosure Sale, any person, including Mortgagor or Mortgagee, may bid for and acquire the Property or any part of it to the extent permitted by then applicable law. Instead of paying cash for such propertyProperty, Mortgagee may settle for the purchase price by crediting the sales price of the property Property against the following obligations: (ai) First, the portion of the Secured Obligations attributable to the expenses of sale, costs of any action and any other sums for which Mortgagor is obligated to pay or reimburse Mortgagee under Section 5.10 of this Mortgage; and (bii) Second, all other Secured Obligations in any order and proportions as Mortgagee in its sole discretion may choosechoose consistent with the requirements of the Credit Agreement.

Credit Bids. At any Foreclosure Sale, any person, including Mortgagor or Mortgagee, may bid for and acquire the Property or any part of it to the extent permitted by then applicable law. Instead of paying cash for such the property, Mortgagee may settle for the purchase price by crediting the sales price of the property Property against the following obligations: (a) First, First the portion of the Secured Obligations attributable to the expenses of sale, costs of any action and any other sums for which Mortgagor is obligated to pay or reimburse Mortgagee under Section 5.10 of this Mortgage5.9; and (b) Second, all other Secured Obligations in any order and proportions as Mortgagee in its sole discretion may choose.

Credit Bids. At Pursuant to applicable law, at any Foreclosure Sale, any person, including Mortgagor or Mortgagee, may bid for and acquire the Property or any part of it to the extent permitted by then applicable law. Instead of paying cash for such property, Mortgagee may settle for the purchase price by crediting the sales price of the property against the following obligations: (a) First, the portion of the Secured Obligations attributable to the expenses of sale, costs of any action and any other sums for which Mortgagor is obligated to pay or reimburse Mortgagee under Section 5.10 5.9 of this Mortgage; and (b) Second, all other Secured Obligations in any order and proportions as Mortgagee in its sole discretion may choose.

Credit Bids. At any Foreclosure Sale, any person, including Mortgagor or Mortgagee, may bid for and acquire the Property or any part of it to the extent permitted by then applicable law. Instead of paying cash for such property, Mortgagee may settle for the purchase price by crediting the sales price of the property against the following obligations: (a) First, the portion of the Secured Obligations attributable to the expenses of sale, costs of any action and any other sums for which Mortgagor is obligated to pay or reimburse Mortgagee under Section 5.10 6.7 of this Mortgage; and (b) Second, all other Secured Obligations in any order and proportions as Mortgagee in its sole discretion may choose.