Local Law Provisions Sample Clauses
The Local Law Provisions clause establishes that the agreement is subject to, and must comply with, the laws and regulations of a specific jurisdiction. In practice, this means that any terms of the contract will be interpreted and enforced according to the local statutes, ordinances, and legal requirements where the contract is performed or where the parties are located. This clause ensures that the contract remains valid and enforceable within the relevant legal framework, addressing potential conflicts with local law and providing clarity on which legal standards govern the agreement.
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Local Law Provisions. Notwithstanding anything to the contrary contained in this Mortgage but subject to the Intercreditor Agreements and to Section 5.18 of the Collateral Agreement, in the event of any conflict or inconsistency between the provisions of this Article 8 and the other provisions of this Mortgage, the provisions of this Article 8 will govern.
Local Law Provisions. In the event of any inconsistencies between the terms and conditions of this Section and any other terms and conditions of this Assignment (other than the terms and conditions of Section 25), the terms and conditions of this Section shall be binding.
Local Law Provisions. The provisions set forth on Exhibit B annexed hereto are incorporated herein by reference as if fully set forth herein.
Local Law Provisions. As applicable, the provisions and/or remedies which are set forth on Schedule I shall be deemed a part of and included within the terms and conditions of this Lease. In the event there is any inconsistency or discrepancy between the terms and provisions of Schedule I and the body of this Lease, the terms and provisions of Schedule I shall control in all respects.
Local Law Provisions. (a) The Mortgagor shall be deemed to have conveyed all Mortgaged Property ab initio to Mortgagee as security for the Secured Obligations, PROVIDED ALWAYS, and this instrument is on the express condition that, if Mortgagor pays and performs, or causes to be paid and performed, all of the Secured Obligations (other than indemnification obligations for which no claim is made) in accordance with their respective terms, then this Mortgage and the estate hereby granted in the Mortgaged Property shall cease and become void as to such Mortgaged Property.
(b) Each of the remedies set forth shall be exercisable if, and to the extent, permitted by the laws of the Commonwealth of Pennsylvania in force at the time of the exercise of such remedies without regard to the enforceability of such remedies at the time of the execution and delivery of this Mortgage.
(c) Upon the occurrence and during the continuation of an Event of Default, Mortgagee may institute any one or more actions of mortgage foreclosure against all or any part of the Mortgaged Property, or take such other action at law or in equity for the enforcement of this Mortgage and realization on the security herein or elsewhere provided for, as law may allow, and may proceed therein to final judgment and execution for the entire amount of the outstanding indebtedness. Mortgagee shall have the option to proceed with foreclosure of the lien and security interests evidenced by this Mortgage in satisfaction of the Secured Obligations through炎 the courts, all without declaring the Secured Obligations due, and provided that if a sale of any particular Property comprising the Mortgaged Property is because of default in the payment of part of the Secured Obligations beyond applicable cure periods, such sale may be made subject to the unmatured part of the Indebtedness, and such sale, if so made, shall not in any manner affect the unmatured part of the Indebtedness, but as to such unmatured part of the Secured Obligations, this Mortgage shall remain in full force and effect just as though no sale had been made.
(d) FOR THE PURPOSE OF PROCURING POSSESSION OF THE MORTGAGED PROPERTY ONLY, UPON THE OCCURRENCE AND CONTINUANCE OF AN EVENT OF DEFAULT, MORTGAGOR HEREBY IRREVOCABLY AUTHORIZES AND EMPOWERS ANY ATTORNEY OF ANY COURT OF RECORD IN THE COMMONWEALTH OF PENNSYLVANIA, DESIGNATED BY MORTGAGEE, AS ATTORNEY FOR MORTGAGOR AND ALL PERSONS CLAIMING UNDER OR THROUGH MORTGAGOR, TO SIGN AN AGREEMENT FOR ENTERING IN ANY COURT OF ...
Local Law Provisions. In the event of any inconsistencies between the terms and conditions of this Section and any other terms and conditions of this Guaranty (other than the terms and conditions of Section 24), the terms and conditions of this Section shall be binding.
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