Credit Bids. At any Foreclosure Sale, any Person, including the Lessor or any Participant, may bid for and acquire the Property or any part of it to the extent permitted by Applicable Law. Instead of paying cash for the Property, the Lessor may settle for the purchase price by crediting the sales price of the Property against the Obligations in any order and proportions as the Lessor in its sole discretion may choose.
Appears in 2 contracts
Samples: Master Lease, Master Lease (Yahoo Inc)
Credit Bids. At any Foreclosure Sale, any Person, including the ----------- Lessor or any Participant, may bid for and acquire the Property or any part of it to the extent permitted by Applicable Law. Instead of paying cash for the Property, the Lessor may settle for the purchase price by crediting the sales price of the Property against the Obligations in any order and proportions as the Lessor in its sole discretion may choose.
Appears in 2 contracts
Samples: Master Lease (Bea Systems Inc), Master Lease (Bea Systems Inc)
Credit Bids. At any Foreclosure Sale, any Person, ----------- including the Lessor or any Participant, may bid for and acquire the Property or any part of it to the extent permitted by Applicable Law. Instead of paying cash for the Property, the Lessor may settle for the purchase price by crediting the sales price of the Property against the Obligations in any order and proportions as the Lessor in its sole discretion may choose.
Appears in 1 contract
