Common use of Legal Proceedings; Judicial Foreclosure Clause in Contracts

Legal Proceedings; Judicial Foreclosure. If an Event of Default shall have occurred and be continuing, the Beneficiary at any time may, at its election, proceed at law or in equity or otherwise to enforce the payment and performance of the Obligations in accordance with the terms hereof and thereof and to foreclose the lien of this Deed of Trust as against all or any part of the Trust Premises and to have the same sold under the judgment or decree of a court of competent jurisdiction. The Beneficiary shall be entitled to recover in such proceedings all costs incident thereto, including attorneys' fees and expenses in such amounts as may be fixed by the court.

Appears in 1 contract

Samples: Second Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Sterling Chemical Inc)

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Legal Proceedings; Judicial Foreclosure. If an Event of Default shall have occurred and be continuing, the Beneficiary at any time may, at its election, proceed at law or in equity or otherwise to enforce the payment and performance of the Secured Obligations in accordance with the terms hereof and thereof and to foreclose the lien of this Deed of Trust as against all or any part of the Trust Premises and to have the same sold under the judgment or decree of a court of competent jurisdiction. The Beneficiary shall be entitled to recover in such proceedings all costs incident thereto, including reasonable attorneys' ’ fees and expenses in such amounts as may be fixed by the any court.

Appears in 1 contract

Samples: Deed of Trust (Sterling Chemicals Inc)

Legal Proceedings; Judicial Foreclosure. If an Event of Default shall have occurred and be continuing, the Beneficiary at any time may, at its election, proceed at law or in equity or otherwise to enforce the payment and performance of the Secured Obligations in accordance with the terms hereof and thereof and to foreclose the lien of this Deed of Trust as against all or any part of the Trust Premises and to have the same sold under the judgment or decree of a court of competent jurisdiction. The Beneficiary shall be entitled to recover in such proceedings all costs incident thereto, including reasonable attorneys' fees and expenses in such amounts as may be fixed by the any court.

Appears in 1 contract

Samples: Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Sterling Chemical Inc)

Legal Proceedings; Judicial Foreclosure. If an Event of Default shall have occurred and be continuing, the Beneficiary Grantee at any time may, at its election, proceed at law or in equity or otherwise to enforce the payment and performance of the Obligations in accordance with the terms hereof and thereof and to foreclose the lien security title of this Deed of Trust as against all or any part of the Trust Premises Collateral and to have the same sold under the judgment or decree of a court of competent jurisdiction. The Beneficiary Grantee shall be entitled to recover in such proceedings all costs incident thereto, including attorneys' fees and expenses in such amounts as may be fixed by the court.

Appears in 1 contract

Samples: Collateral Agreement (Sterling Chemical Inc)

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Legal Proceedings; Judicial Foreclosure. If an Event of Default shall have occurred and be continuing, the Beneficiary Grantee at any time may, at its election, proceed at law or in equity or otherwise to enforce the payment and performance of the Secured Obligations in accordance with the terms hereof and thereof and to foreclose the lien security title of this Deed of Trust as against all or any part of the Trust Premises Collateral and to have the same sold under the judgment or decree of a court of competent jurisdiction. The Beneficiary Grantee shall be entitled to recover in such proceedings all costs incident thereto, including attorneys' fees and expenses in such amounts as may be fixed by the court.

Appears in 1 contract

Samples: Leasehold Deed to Secure Debt, Assignment and Security Agreement (Sterling Chemical Inc)

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