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: Revolving Credit Agreement (Spansion Inc.), Credit Agreement (Spansion Inc.), Advanced Micro Devices Inc

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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: Inco Homes Corp, Inco Homes Corp

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