Common use of Operation of Mortgaged Property Clause in Contracts

Operation of Mortgaged Property. Hold, lease, manage, operate or otherwise use or permit the use of the Mortgaged Property, either by itself or by other persons, firms or entities, in such manner, for such time and upon such other terms as Beneficiary may deem to be prudent and reasonable under the circumstances (making such repairs, alterations, additions and improvements thereto and taking any and all other action with reference thereto, from time to time, as Beneficiary shall deem necessary or desirable).

Appears in 7 contracts

Samples: Amendment and Restatement Agreement (Spansion Inc.), Revolving Credit Agreement (Spansion Inc.), Deed of Trust (Spansion Inc.)

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Operation of Mortgaged Property. Hold, lease, develop, manage, operate or otherwise use or permit the use of the Mortgaged Property, either by itself or by other persons, firms or entities, in such manner, for such time and Property upon such other terms and conditions as Beneficiary may deem to be prudent and reasonable under the circumstances (making such repairs, alterations, additions and improvements thereto and taking any and all other action with reference theretoactions, from time to time, as Beneficiary shall deem deems necessary or desirable), and apply all Rents and other amounts collected by Trustee or Beneficiary in connection therewith in accordance with the provisions of Section 5.7.

Appears in 6 contracts

Samples: Credit Agreement (Dean Foods Co), Credit Agreement (Alliant Techsystems Inc), Credit Agreement (PGT, Inc.)

Operation of Mortgaged Property. Hold, lease, develop, manage, operate or otherwise use or permit the use of the Mortgaged Property, either by itself or by other persons, firms or entities, in such manner, for such time and Property upon such other terms and conditions as Beneficiary may deem to be prudent and reasonable under the circumstances (making such repairs, alterations, additions and improvements thereto and taking any and all other action with reference theretoactions, from time to time, as Beneficiary shall deem deems necessary or desirable), and apply all Rents and other amounts collected by Trustee (for the benefit of Beneficiary) or Beneficiary in connection therewith in accordance with the provisions of Section 4.7.

Appears in 4 contracts

Samples: Deed of Trust (Maxxam Inc), Deed of Trust (Maxxam Inc), Deed of Trust (Maxxam Inc)

Operation of Mortgaged Property. Hold, lease, develop, manage, operate or otherwise use or permit the use of the Mortgaged Property, either by itself or by other persons, firms or entities, in such manner, for such time and Property upon such other terms and conditions as Beneficiary may deem to be prudent and reasonable under the circumstances (making such repairs, alterations, additions and improvements thereto and taking any and all other action with reference theretoactions, from time to time, as Beneficiary shall deem deems necessary or desirable), and apply all Rents and other amounts collected by Trustee in connection therewith in accordance with the provisions of Section 5.7.

Appears in 4 contracts

Samples: Deed of Trust, Security Agreement, Assignment of Rents and Leases (Teletech Holdings Inc), Deed of Trust, Security Agreement, Assignment of Rents and Leases (Teletech Holdings Inc), Credit Agreement (Ackerley Group Inc)

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Operation of Mortgaged Property. Hold, lease, develop, manage, operate or otherwise use or permit the use of the Mortgaged Property, either by itself or by other persons, firms or entities, in such manner, for such time and Property upon such other terms and conditions as Beneficiary may deem to be prudent and reasonable under the circumstances (making such repairs, alterations, additions and improvements thereto and taking any and all other action with reference theretoactions, from time to time, as Beneficiary shall deem deems necessary or desirable), and apply all Rents and other amounts collected by Trustee or Beneficiary in connection therewith in accordance with the provisions of the Credit Agreement.

Appears in 3 contracts

Samples: Deed of Trust (M & F Worldwide Corp), Deed of Trust (M & F Worldwide Corp), Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing (M & F Worldwide Corp)

Operation of Mortgaged Property. Hold, lease, manage, operate ------------------------------- or otherwise use or permit the use of the Mortgaged Property, either by itself or by other persons, firms or entitiesany portion thereof, in such manner, for such time and upon such other terms as Beneficiary may deem to be prudent and reasonable under the circumstances in its best interest (making such repairs, alterations, additions and improvements thereto and taking any and all other action with reference thereto, from time to time, as Beneficiary shall deem necessary or desirable)) and collect and retain all earnings, rents, profits or other amounts payable in connection therewith.

Appears in 2 contracts

Samples: Deed of Trust, Security Agreement, Assignment of Leases and Rents and Fixture Filing (Inco Homes Corp), Construction Deed of Trust (Inco Homes Corp)

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