Common use of Entry on Mortgaged Property Clause in Contracts

Entry on Mortgaged Property. Subject to the terms of the Subject Lease and applicable law, enter the Mortgaged Property and take exclusive possession thereof and of all books, records and accounts relating thereto or located thereon. If Grantor remains in possession of the Mortgaged Property following the occurrence and during the continuance of an Event of Default, and without Grantee’s prior written consent, subject to the terms of the Subject Lease and applicable law, Grantee may invoke any legal remedies to dispossess Grantor.

Appears in 4 contracts

Samples: Credit Agreement (Chiquita Brands International Inc), Credit Agreement (Chiquita Brands International Inc), Credit Agreement (Chiquita Brands International Inc)

AutoNDA by SimpleDocs

Entry on Mortgaged Property. Subject to [the terms of the Subject Lease and and] applicable law, enter the Mortgaged Property and take exclusive possession thereof and of all books, records and accounts relating thereto or located thereon. If Grantor remains in possession of the Mortgaged Property following the occurrence and during the continuance of after an Event of Default, Default and without Grantee’s Beneficiary's prior written consent, subject to the terms of the Subject Lease and applicable law, Grantee Beneficiary may invoke any legal remedies to dispossess Grantor.

Appears in 2 contracts

Samples: Note and Warrant Purchase Agreement (Icg Communications Inc /De/), Credit Agreement (Icg Communications Inc /De/)

AutoNDA by SimpleDocs

Entry on Mortgaged Property. Subject to the terms provisions of the Subject any applicable Mortgaged Lease and applicable law, enter the Mortgaged Property and take exclusive possession thereof and of all books, records and accounts relating thereto or located thereon. If Grantor remains in possession of the Mortgaged Property following the occurrence and during the continuance of an Event of Default, Default and without GranteeBeneficiary’s prior written consent, subject to the terms provisions of the Subject any applicable Mortgaged Lease and applicable law, Grantee Beneficiary may invoke any legal remedies to dispossess Grantor.

Appears in 1 contract

Samples: Loan Agreement (Consol Energy Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!