Common use of Entry Upon Mortgaged Property Clause in Contracts

Entry Upon Mortgaged Property. Except to the extent prohibited by applicable Laws, enter upon all or any part of the Mortgaged Property and take exclusive possession thereof and of all books, records and accounts relating thereto. If Grantor remains in possession of all or any part of the Mortgaged Property after an Event of Default and without Beneficiary’s prior written consent thereto, Trustee or Beneficiary, as applicable, may invoke any and all legal remedies to dispossess Grantor, including without limitation one or more actions for forcible entry and detainer, trespass to try title and writ of restitution. Nothing contained in the foregoing sentence shall, however, be construed to impose any greater obligation or any prerequisites to acquiring possession of the Mortgaged Property after an Event of Default than would have existed in the absence of such sentence.

Appears in 2 contracts

Samples: Credit Agreement (Mueller Water Products, Inc.), Credit Agreement (Mueller Water Products, Inc.)

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Entry Upon Mortgaged Property. Except to the extent prohibited by applicable Laws, enter Enter upon all or any part of the Mortgaged Property and take exclusive possession thereof and of all books, records and accounts relating thereto. If Grantor Mortgagor remains in possession of all or any part of the Mortgaged Property after an Event of Default and without BeneficiaryMortgagee’s prior written consent thereto, Trustee or Beneficiary, as applicable, Mortgagee may invoke any and all legal remedies (other than foreclosure) to dispossess GrantorMortgagor, including without limitation specifically one or more actions for forcible entry and detainer, trespass to try title and writ of restitution. Nothing contained in the foregoing sentence shall, however, be construed to impose any greater obligation or any prerequisites to acquiring possession of the Mortgaged Property after an Event of Default than would have existed in the absence of such sentence.

Appears in 1 contract

Samples: Mortgage (Holly Energy Partners Lp)

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Entry Upon Mortgaged Property. Except to To the extent prohibited permitted by applicable LawsLegal Requirements, enter upon all or any part of the Mortgaged Property and take exclusive possession thereof and of all books, records and accounts relating thereto. If Grantor remains in possession of all or any part of the Mortgaged Property after an Event of Default and without Beneficiary’s 's prior written consent thereto, Trustee or Beneficiary, as applicable, Beneficiary may invoke any and all legal remedies to dispossess Grantor, including without limitation one or more actions for forcible entry and detainer, trespass to try title and writ of restitution. Nothing contained in the foregoing sentence shall, however, be construed to impose any greater obligation or any prerequisites to acquiring possession of the Mortgaged Property after an Event of Default than would have existed in the absence of such sentence.

Appears in 1 contract

Samples: Mortgage Agreement (Block Communications Inc)

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