Encumbered Property. The property that is encumbered by a Lien. ------------------- Foreclosure Exercise Notice: A notice from Holder to Owner and Lender --------------------------- stating that Holder elects to buy (i) the Secured Obligation in accordance with this Section 12, (ii) the Real Estate in accordance with this Section 12, or (iii) both the Secured Obligation and the Real Estate in accordance with this Section 12.
Appears in 5 contracts
Samples: First Refusal Agreement (Discovery Investments Inc), First Refusal Agreement (Discovery Investments Inc), Right of First Refusal Agreement (Discovery Investments Inc)
Encumbered Property. The property that is encumbered by a Lien. ------------------- Foreclosure Exercise Notice: A notice from Holder to Owner and --------------------------- Lender --------------------------- stating that Holder elects to buy (i) the Secured Obligation in accordance with this Section 12, (ii) the Real Estate in accordance with this Section 12, or (iii) both the Secured Obligation and the Real Estate in accordance with this Section 12.
Appears in 1 contract
Samples: Right of First Refusal Agreement (Discovery Investments Inc)
