Common use of Foreclosure Event Clause in Contracts

Foreclosure Event. A “Foreclosure Event” means: (i) foreclosure under the Mortgage; (ii) any other exercise by Mortgagee of rights and remedies (whether under the Mortgage or under applicable law, including bankruptcy law) as holder of the Loan and/or the Mortgage, as a result of which Mortgagee becomes owner of the Property; or (iii) delivery by Landlord to Mortgagee (or its designee or nominee) of a deed or other conveyance of Landlord’s interest in the Property in lieu of any of the foregoing.

Foreclosure Event. A “Foreclosure Event” means: (i) foreclosure under the Mortgage; (ii) any other exercise by Mortgagee of rights and remedies (whether under the Mortgage or under applicable law, including bankruptcy law) as holder of the Loan and/or the Mortgage, as a result of which a Mortgagee becomes owner of the Property; or (iii) delivery by Landlord to Mortgagee (or its designee or nominee) of a deed or other conveyance of Landlord’s interest in the Property in lieu of any of the foregoing.

Foreclosure Event. A “"Foreclosure Event” " means: (i) foreclosure under the Mortgage; (ii) any other exercise by Mortgagee of rights and remedies (whether under the Mortgage or under applicable law, including bankruptcy law) as holder of the Loan and/or the Mortgage, as a result of which Mortgagee a Successor Landlord becomes owner of the Property; or (iii) delivery by Landlord to Mortgagee (or its designee or nominee) of a deed or other conveyance of Landlord’s 's interest in the Property in lieu of any of the foregoing.

Foreclosure Event. A “Foreclosure Event” means: (i) foreclosure under the Mortgage; (ii) any other exercise by Mortgagee of rights and remedies (whether under the Mortgage or under applicable law, including bankruptcy law) as holder of the Loan and/or the Mortgage, as a result of which Mortgagee a Successor Landlord becomes owner of the Property; or (iii) delivery by Landlord to Mortgagee (or its designee or nominee) of a deed or other conveyance of Landlord’s interest in the Property in lieu of any of the foregoing.

Foreclosure Event. A “Foreclosure Event” means: (i) foreclosure under the MortgageDeed of Trust; (ii) any other exercise by Mortgagee Administrative Agent of rights and remedies (whether under the Mortgage Deed of Trust or under applicable law, including bankruptcy law) as holder of the Loan and/or the MortgageDeed of Trust, as a result of which Mortgagee a Successor Landlord becomes owner of the Property; or (iii) delivery by Landlord to Mortgagee Administrative Agent (or its designee or nominee) of a deed or other conveyance of Landlord’s interest in the Property in lieu of any of the foregoing.

Foreclosure Event. A “Foreclosure Event” means: (ia) foreclosure under the MortgageSecurity Instrument; (iib) any other exercise by Mortgagee Administrative Agent of rights and remedies (whether under the Mortgage Security Instrument or under applicable law, including bankruptcy law) as holder of the Loan and/or the MortgageSecurity Instrument, as a result of which Mortgagee Successor Landlord becomes owner of the PropertyLandlord’s Premises; or (iiic) delivery by Landlord to Mortgagee Administrative Agent (or its designee or nominee) of a deed or other conveyance of Landlord’s interest in the Property Landlord’s Premises in lieu of any of the foregoing.

Foreclosure Event. A “Foreclosure Event” means: (ia) foreclosure under the Mortgage; (iib) any other exercise by Mortgagee of rights and remedies (whether under the Mortgage or under applicable law, including bankruptcy law) as holder of the Loan and/or the Mortgage, as a result of which Mortgagee Successor Owner becomes owner of the PropertyOwner’s Premises; or (iiic) delivery by Landlord Owner to Mortgagee (or its designee or nominee) of a deed or other conveyance of LandlordOwner’s interest in the Property Owner’s Premises in lieu of any of the foregoing.

Foreclosure Event. A “" Foreclosure Event” " means: (i) foreclosure under the Mortgage; (ii) any other exercise by Mortgagee of rights and remedies (whether under the Mortgage or under applicable law, including bankruptcy law) as holder of the Loan and/or the Mortgage, as a result of which Mortgagee Successor becomes owner of the PropertyLandlord's Premises; or (iii) delivery by Landlord to Mortgagee (or its designee or nominee) of a deed or other conveyance of Landlord’s 's interest in the Property Landlord's Premises in lieu of any of the foregoing.

Foreclosure Event. A “Foreclosure Event” means: (i) foreclosure under the Mortgage; (ii) any other exercise by Mortgagee Administrative Agent of rights and remedies (whether under the Mortgage or under applicable law, including bankruptcy law) as holder of the Loan and/or the Mortgage, as a result of which Mortgagee a Successor Landlord becomes owner of the Property; or (iii) delivery by Landlord to Mortgagee Administrative Agent (or its designee or nominee) of a deed or other conveyance of Landlord’s interest in the Property in lieu of any of the foregoing.

Foreclosure Event. A “Foreclosure Event” means: (i) foreclosure under the MortgageDeed of Trust; (ii) any other exercise by Mortgagee Lender of rights and remedies (whether under the Mortgage Deed of Trust or under applicable law, including bankruptcy law) as holder of the Loan and/or the MortgageDeed of Trust, as a result of which Mortgagee a Successor Landlord becomes owner of the Property; or (iii) delivery by Landlord to Mortgagee Lender (or its designee or nominee) of a deed or other conveyance of Landlord’s interest in the Property in lieu of any of the foregoing.

Foreclosure Event. A “Foreclosure Event” means: (i) foreclosure under the MortgageSecurity Instrument; (ii) any other exercise by Mortgagee of rights and remedies (whether under the Mortgage Security Instrument or under applicable law, including bankruptcy law) as holder of the Loan and/or the MortgageSecurity Instrument, as a result of which Mortgagee a Successor Landlord becomes owner of the Property; or (iii) delivery by Landlord to Mortgagee (or its designee or nominee) of a deed or other conveyance of Landlord’s interest in the Property in lieu of any of the foregoing.

Foreclosure Event. A “"Foreclosure Event” " means: (i) foreclosure under the Mortgage; (ii) any other exercise by Mortgagee of rights and remedies (whether under the Mortgage or under applicable law, including bankruptcy law) as holder of the Loan and/or the Mortgage, as a result of which a Mortgagee becomes owner of the Property; or (iii) delivery by Landlord to Mortgagee (or its designee or nominee) of a deed or other conveyance of Landlord’s 's interest in the Property in lieu of any of the foregoing.