Common use of Multiple Foreclosures Clause in Contracts

Multiple Foreclosures. To resort to and realize upon the security hereunder and any other security now or later held by Beneficiary concurrently or successively and in one or several consolidated or independent judicial actions or lawfully taken nonjudicial proceedings, or both, and to apply the proceeds received upon the Secured Obligations all in such order and manner as Trustee and Beneficiary or either of them determine in their sole discretion;

Appears in 6 contracts

Samples: Leases and Security Agreement (Paladin Realty Income Properties Inc), Security Agreement (KBS Real Estate Investment Trust, Inc.), Leases and Security Agreement (Inland Western Retail Real Estate Trust Inc)

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Multiple Foreclosures. To the extent permitted by applicable law, to resort to and realize upon the security hereunder and any other security now or later held by Beneficiary concurrently or successively and in one or several consolidated or independent judicial actions or lawfully taken nonjudicial proceedings, or both, and to apply the proceeds received upon the Secured Obligations Debt all in such order and manner as Trustee and Beneficiary or either of them determine in their sole discretion;

Appears in 4 contracts

Samples: Security Agreement (Innkeepers Usa Trust/Fl), Substitute Management Agreement (Innkeepers Usa Trust/Fl), Substitute Management Agreement (Innkeepers Usa Trust/Fl)

Multiple Foreclosures. To resort to and realize upon the security hereunder and any other security now or later held by Beneficiary Lender concurrently or successively and in one or several consolidated or independent judicial actions or lawfully taken nonjudicial non-judicial proceedings, or both, and to apply the proceeds received upon the Secured Obligations all in such order and manner as Trustee and Beneficiary Lender or either of them determine in their sole discretion;

Appears in 2 contracts

Samples: Leases and Security Agreement (Cole Credit Property Trust III, Inc.), Leases and Security Agreement (Cole Credit Property Trust III, Inc.)

Multiple Foreclosures. To resort to and realize upon the security hereunder and any other security now or later held by Beneficiary Xxxxxx concurrently or successively and in one or several consolidated or independent judicial actions or lawfully taken nonjudicial non-judicial proceedings, or both, and to apply the proceeds received upon the Secured Obligations all in such order and manner as Trustee and Beneficiary Lender or either of them determine in their sole discretion;

Appears in 2 contracts

Samples: Leases and Security Agreement (Cole Credit Property Trust III, Inc.), Leases and Security Agreement (Cole Credit Property Trust III, Inc.)

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Multiple Foreclosures. To resort to and realize upon the security hereunder and any other security now or later held by Beneficiary Xxxxxx concurrently or successively and in one or several consolidated or independent judicial actions or lawfully taken nonjudicial proceedings, or both, and to apply the proceeds received upon the Secured Obligations all in such order and manner as Trustee and Beneficiary Lender or either of them determine in their sole discretion;

Appears in 1 contract

Samples: Secured Principal LLC

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