Foreclosure by Xxxxxx. In the event of foreclosure, deed in lieu of foreclosure, or similar disposition of the Property by Lender, (a) no consent will be required from Governmental Entity, and (b) the Regulatory Agreement will automatically terminate [USE ONLY IF REGULATORY AGREEMENT CONTAINS INDEMNIFICATION PROVISION FROM BORROWER TO GOVERNMENTAL ENTITY: and (c) Lender will have no indemnification obligations to Governmental Entity for any period during which Lender does not own or is not in possession of the Property].
Foreclosure by Xxxxxx. In the event of foreclosure, deed in lieu of foreclosure, or similar disposition of the Property by Lender, no consent shall be required from Governmental Entity.
