Credit Bids. The Guarantors agree that any judgment by Xxxxxx against Borrower in connection with the Loan Documents shall only be reduced by the amount of proceeds realized from the Collateral for the Revolving Loan that are actually received at any foreclosure sale of such Collateral, including but not limited to, amounts that may be credit-bid by Xxxxxx.
Appears in 3 contracts
Samples: Credit Agreement (HCI Group, Inc.), Credit Agreement (HCI Group, Inc.), Credit Agreement (HCI Group, Inc.)
Credit Bids. The Guarantors agree that any judgment by Xxxxxx Lender against Borrower in connection with the Loan Documents shall only be reduced by the amount of proceeds realized from the Collateral for the Revolving Loan that are actually received at any foreclosure sale of such Collateral, including but not limited to, amounts that may be credit-bid by XxxxxxLender.
Appears in 1 contract
Samples: Credit Agreement (HCI Group, Inc.)
Credit Bids. The Guarantors agree that any judgment by Xxxxxx against Borrower in connection with the Loan Documents shall only be reduced by the amount of proceeds realized from the Collateral collateral for the Revolving Loan that which are actually received at any foreclosure sale of such Collateralcollateral, including but not limited to, amounts that which may be credit-bid by Xxxxxx.
Appears in 1 contract
Samples: Guaranty of Payment, Carry and Completion (Lodging Fund REIT III, Inc.)
