Common use of Entry on the Property Clause in Contracts

Entry on the Property. Without in any way curing or waiving any default or Event of Default of Borrower, either in person, by agent or by court-appointed receiver, with or without bringing any action or proceeding, or by a receiver appointed by a court and without regard to the adequacy of its security, enter upon and take possession of the Property, or any part thereof, in its own name, without force or with such force as is permitted by law and without notice or process or with such notice or process as is required by law unless such notice and process are waivable, in which case Borrower hereby waives such notice and process, and do any and all acts and perform any and all work which may be desirable or necessary in Lender's judgment to complete any unfinished construction on the Real Estate, to preserve and/or enhance the value, marketability or rentability of the Property, to increase the income therefrom, to manage and operate the Property or to protect the security hereof and all sums expended by Lender therefor, together with interest thereon at the Default Interest Rate, shall be immediately due and payable to Lender by Borrower on demand and shall be secured hereby and by all of the other Loan Documents securing all or any part of the indebtedness evidenced by the Notes.

Appears in 3 contracts

Samples: Debt and Security Agreement (Sun Communities Inc), Secure Debt and Security Agreement (Sun Communities Inc), Sun Communities Inc

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Entry on the Property. Without in any way curing or waiving any default or Event of Default of BorrowerGrantor, either in person, person or by agent or by court-appointed receiver, with or without bringing any action or proceeding, or by a receiver appointed by a court and without regard to the adequacy of its security, enter upon and take possession of the Property, or any part thereof, in its own namename or in the name of the Trustee, without force or with such force as is permitted by law and without notice or process or with such notice or process as is required by law law, unless such notice and process are is waivable, in which case Borrower Grantor hereby waives such notice and process, and do any and all acts and perform any and all work which may be desirable or necessary in LenderBeneficiary's judgment to complete any unfinished construction on the Real EstateLand, to preserve and/or enhance the value, marketability or rentability of the Property, to increase the income therefrom, to manage and operate the Property or to protect the security hereof hereof, and all sums expended by Lender Beneficiary therefor, together with interest thereon at the Default Interest Rate, shall be immediately due and payable to Lender Beneficiary by Borrower Grantor on demand and shall be secured hereby and by all of the other Loan Documents securing all or any part of the indebtedness evidenced by the NotesNote.

Appears in 2 contracts

Samples: Trust and Security Agreement (Westcoast Hospitality Corp), Westcoast Hospitality Corp

Entry on the Property. Without Either in any way curing or waiving any default or Event of Default of Borrower, either in person, by agent Person or by court-appointed receiveragent, with or without bringing any action or proceeding, or by a receiver appointed by a court and without regard to the adequacy of its security, enter upon and take possession of the Property, or any part thereof, in its own name, without force or with such force as is permitted by law and law, without notice or process or with such notice or process as is required by law unless such notice and process are is waivable, in which case Borrower hereby waives such notice and process, and without liability for trespass, damages or otherwise, and, subject to Governmental Regulations, do any and all acts and acts, perform any and all work and take possession of any and all books, records and accounts which may be desirable or necessary in Lender's judgment to complete any unfinished construction on the Real Estate, to preserve and/or enhance the value, marketability or rentability of the Property, to increase the income therefrom, to manage and operate the Property or to protect the security hereof and all sums expended by Lender therefor, together with interest thereon at the Default Interest Rate, shall be immediately due and payable to Lender by Borrower on demand and shall be secured hereby and by all of the other Loan Documents securing all or any part of the indebtedness evidenced by the NotesNote.

Appears in 2 contracts

Samples: Loan Agreement (Global Self Storage, Inc.), Security Agreement (Global Self Storage, Inc.)

Entry on the Property. Without in any way curing or waiving any default or Event of Default of Borrower, either in person, person or by agent or by court-appointed receiver, with or without bringing any action or proceeding, or by a receiver appointed by a court and without regard to the adequacy of its security, enter upon and take possession of the Property, or any part thereof, in its own name, without force or with such force as is permitted by law and without notice or process or with such notice or process as is required by law law, unless such notice and process are waivable, in which case Borrower hereby waives such notice and process, and do any and all acts and perform any and all work which may be desirable or necessary in Lender's ’s judgment to complete any unfinished construction on the Real EstateLand, to preserve and/or enhance the value, marketability or rentability of the Property, to increase the income therefrom, to manage and operate the Property or to protect the security hereof hereof, and all sums expended by Lender therefor, together with interest thereon at the Default Interest Ratedefault rate of interest under the Note, shall be immediately due and payable to Lender by Borrower on demand and shall be secured hereby and by all of the other Loan Documents securing all or any part of the indebtedness evidenced by the NotesNote.

Appears in 1 contract

Samples: Craftmade International Inc

Entry on the Property. Without in any way curing or waiving any default or Event of Default of BorrowerGrantor, either in person, person or by agent or by court-appointed receiver, with or without bringing any action or proceeding, or by a receiver appointed by a court upon ex parte application by Beneficiary and without regard to the adequacy of its security, enter upon and take possession of the Property, or any part thereof, in its own name, without force or with such force as is permitted by law and without notice or process or with such notice or process as is required by law law, unless such notice and process are is waivable, in which case Borrower Grantor hereby waives such notice and process, and do any and all acts and perform any and all work which may be desirable or necessary in Lender's Beneficiary’s judgment to complete any unfinished construction on the Real EstateLand, to preserve and/or enhance the value, marketability or rentability of the Property, to increase the income therefrom, to manage and operate the Property or to protect the security hereof hereof, and all sums expended by Lender Beneficiary therefor, together with interest thereon at the Default Interest RateRate (as defined in the Note), shall be immediately due and payable to Lender Beneficiary by Borrower Grantor on demand and shall be secured hereby and by all of the other Loan Documents securing all or any part of the indebtedness evidenced by the NotesNote.

Appears in 1 contract

Samples: Deed of Trust and Security Agreement (Grubb & Ellis Healthcare REIT II, Inc.)

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Entry on the Property. Without in any way curing or waiving any default or Event of Default of BorrowerMortgagor, either in person, by agent or by court-appointed receiver, with or without bringing any action or proceeding, or by a receiver appointed by a court and without regard to the adequacy of its security, enter upon and take possession of the Property, or any part thereof, in its own name, without force or with such force as is permitted by law and without notice or process or with such notice or process as is required by law unless such notice and process are is waivable, in which case Borrower Mortgagor hereby waives such notice and process, and do any and all acts and perform any and all work which may be desirable or necessary in LenderMortgagee's judgment to complete any unfinished construction on the Real Estate, to preserve and/or enhance the value, marketability or rentability of the Property, to increase the income therefrom, to manage and operate the Property or to protect the security hereof and all sums expended by Lender Mortgagee therefor, together with interest thereon at the Default Interest Rate, shall be immediately due and payable to Lender Mortgagee by Borrower Mortgagor on demand and shall be secured hereby and by all of the other Loan Documents securing all or any part of the indebtedness evidenced by the Noteshereby.

Appears in 1 contract

Samples: Mortgage and Security Agreement (American International Petroleum Corp /Nv/)

Entry on the Property. Without in any way curing or waiving any default or Event of Default of Borrower, either in person, by agent or by court-appointed receiver, with or without bringing any action or proceeding, or by a receiver appointed by a court and without regard to the adequacy of its security, enter upon and take possession of the Property, or any part thereof, in its own name, without force or with such force as is permitted by law and without notice or process or with such notice or process as is required by law unless such notice and process are waivable, in which case Borrower hereby waives such notice and process, and do any and all acts and perform any and all work which may be desirable or necessary in Lender's ’s judgment to complete any unfinished construction on the Real Estate, to preserve and/or enhance the value, marketability or rentability of the Property, to increase the income therefrom, to manage and operate the Property or to protect the security hereof and all sums expended by Lender therefor, together with interest thereon at the Default Interest RateRate (as defined in the Note), shall be immediately due and payable to Lender by Borrower on demand and shall be secured hereby and by all of the other Loan Documents securing all or any part of the indebtedness evidenced by the NotesNote.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (Cornerstone Core Properties REIT, Inc.)

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