Common use of Mortgagee in Possession Clause in Contracts

Mortgagee in Possession. Nothing contained in this Mortgage shall be construed as constituting Mortgagee a mortgagee in possession in the absence of the actual taking of possession of the Property.

Appears in 7 contracts

Samples: Credit Agreement (Mirant North America, LLC), Mortgage, Security Agreement, Assignment of Leases and Rents and Financing Statement (Gibraltar Packaging Group Inc), Mortgage, Security Agreement, Assignment of Leases and Rents and Financing Statement (Gibraltar Packaging Group Inc)

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Mortgagee in Possession. Nothing contained in this Mortgage shall be construed as constituting Mortgagee Lender a mortgagee in possession in the absence of the actual taking of possession of the Mortgaged Property.

Appears in 2 contracts

Samples: Mortgage, Security Agreement, Assignment of Leases and Rents (Lodging Fund REIT III, Inc.), Fee and Leasehold Mortgage, Security Agreement, Assignment of Leases and Rents, Financing Statement, and Fixture Filing

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Mortgagee in Possession. Nothing contained in this Mortgage shall be construed as constituting Mortgagee Lender as a mortgagee in possession in the absence of the actual taking of possession of the Property.

Appears in 1 contract

Samples: Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Innovative Food Holdings Inc)

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