Common use of Deficiency Judgment Clause in Contracts

Deficiency Judgment. If permitted by applicable law, Lender may obtain a judgment for any deficiency remaining in the indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this section. Tenancy at Sufferance. If Grantor remains in possession of the Property after the Property is sold as provided above or Lender otherwise becomes entitled to possession of the Property upon default of Grantor, Grantor shall become a tenant at sufferance of Lender or the purchaser of the Property and shall, at Lender’s option, either (1) pay a reasonable rental for the use of the Property, or (2) vacate the Property immediately upon the demand of Lender.

Deficiency Judgment. If permitted by applicable law, Lender may obtain a judgment for any deficiency remaining in the indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this section. Tenancy at Sufferance. If Grantor remains in possession of the Property after the Property is sold as provided above or Lender otherwise becomes entitled to possession of the Property upon default of Grantor, Grantor shall become a tenant at sufferance of Lender or the purchaser of the Property and shall, at Lender’s Lendor's option, either (1a) pay a reasonable rental for the use of the Property, or (2b) vacate the Property immediately upon the demand of Lender.

Deficiency Judgment. If permitted by applicable law, Lender Xxxxxx may obtain a judgment for any deficiency remaining in the indebtedness Indebtedness due to Lender after application of all amounts received from the exercise of the rights provided in this section. Tenancy at SufferanceTENANCY AT SUFFERANCE. If Grantor remains in possession of the Property after the Property is sold as provided above or Lender otherwise becomes entitled to possession of the Property upon default of Grantor, Grantor shall become a tenant at sufferance of Lender or the purchaser of the Property and shall, at Lender’s Lenders option, either (1a) pay a reasonable rental for the use of the Property, or (2b) vacate the Property immediately upon the demand of Lender.