Common use of Lenders’ Rights upon Event of Default Clause in Contracts

Lenders’ Rights upon Event of Default. If an Event of Default under this Loan Agreement shall occur and be continuing, the Lender shall have no rights to assets of the Borrower other than: (a) contributions (other than contributions of Common Stock) that are made by the Lender to enable the Borrower to meet its obligations pursuant to this Loan Agreement and earnings attributable to the investment of such contributions and (b) "

Appears in 10 contracts

Samples: Loan Agreement (Big Foot Financial Corp), Loan Agreement (Astoria Financial Corp), Loan Agreement (Home Bancorp of Elgin Inc)

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Lenders’ Rights upon Event of Default. If an Event of Default under this Loan Agreement shall occur and be continuing, the Lender shall have no rights to assets of the Borrower other than: (a) contributions (other than contributions of Common Stock) that are made by the Lender to enable the Borrower to meet its obligations pursuant to this Loan Agreement and earnings attributable to the investment of such contributions and (b) "such

Appears in 1 contract

Samples: Loan Agreement (Astoria Financial Corp)

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