Occupancy After Foreclosure. The purchaser at any foreclosure sale pursuant to Section 6.1(c) shall become the legal owner of the Collateral or the portion thereof foreclosed. All occupants (except those which have previously executed a prior written agreement with purchaser) of the Collateral or any part thereof shall become tenants at sufferance of the purchaser at the foreclosure sale and shall deliver possession thereof immediately to the purchaser upon demand, subject to the rights, if any, of Tenants.
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Samples: Security Agreement (Morgans Hotel Group Co.), Mortgage, Security Agreement (Morgans Hotel Group Co.), Security Agreement (Morgans Hotel Group Co.)
Occupancy After Foreclosure. The purchaser at any foreclosure sale pursuant to Section 6.1(c4.1(d) shall become the legal owner of the Collateral or the portion thereof foreclosedCollateral. All occupants (except those which have previously executed a prior written agreement with purchaser) of the Collateral or any part thereof shall shall, at the option of such purchaser, become tenants at sufferance of the purchaser at the foreclosure sale and shall deliver possession thereof immediately to the purchaser upon demand, subject . It shall not be necessary for the purchaser at said sale to bring any action for possession of the rights, if any, Collateral other than the statutory action of Tenantsforcible detainer in any court having jurisdiction over the Collateral.
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Samples: Security Agreement (Jubilant Generics Inc.), , Security Agreement (Mission West Properties Inc), , Security Agreement (Mission West Properties Inc)
Occupancy After Foreclosure. The purchaser at any foreclosure sale pursuant to Section 6.1(c4.1(d) shall become the legal owner of the Collateral or the portion thereof foreclosedCollateral. All occupants (except those which have previously executed a prior written agreement with purchaser) of the Collateral or any part thereof shall shall, to the extent permitted by law and at the option of such purchaser, become tenants at sufferance of the purchaser at the foreclosure sale and shall deliver possession thereof immediately to the purchaser upon demand, subject . It shall not be necessary for the purchaser at said sale to bring any action for possession of the rights, if any, Collateral other than the statutory action of Tenantsforcible detainer in any court having jurisdiction over the Collateral.
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