Common use of Credit Bids Clause in Contracts

Credit Bids. At any sale or disposition of any or all of the Trust Property held or made under the power of sale granted in this Deed of Trust or in connection with judicial proceedings, or by virtue of a judgment and decree of foreclosure and sale, if Lender is the purchaser at such sale or disposition Lender shall have the right to offset its bid at such sale to the extent of the Debt, including the portion of the Debt attributable to the expenses of sale, costs of any action and other sums for which Borrower is obligated to pay or reimburse Lender or Trustee under this Deed of Trust.

Appears in 4 contracts

Samples: Deed of Trust (MPG Office Trust, Inc.), Deed of Trust (Maguire Properties Inc), Deed of Trust (Maguire Properties Inc)

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Credit Bids. At any sale or disposition of any or all of the Trust Property Property-held or made under the power of sale granted in this Deed of Trust or in connection with judicial proceedings, or by virtue of a judgment and decree of foreclosure and sale, if Lender is the purchaser at such sale or disposition Lender shall have the right to offset its bid at such sale to the extent of the Debt, including the portion of the Debt attributable to the expenses of sale, costs of any action and other sums for which Borrower is obligated to pay or reimburse Lender or Trustee under this Deed of Trust.

Appears in 1 contract

Samples: Deed of Trust (Maguire Properties Inc)

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