Partial Sales. The Mortgagor agrees that, in case the Mortgagee in the exercise of the Power of Sale contained herein or in the exercise of any other rights hereunder given, elects to sell in parcels, said sales may be held from time to time and that the power shall not be exhausted until all of the Collateral not previously released shall have been sold, notwithstanding that the proceeds of such sales exceed, or may exceed, the Liabilities then secured thereby.
Appears in 4 contracts
Samples: Mortgage, Security Agreement and Assignment (AdvanSource Biomaterials Corp), Mortgage and Security Agreement (Brookstone Inc), Mortgage, Security Agreement and Assignment (Zoom Telephonics Inc)
Partial Sales. The Mortgagor agrees that, that in case the Mortgagee Mortgagee, in the exercise of the Power power of Sale sale contained herein or in the exercise of any other rights hereunder given, elects to sell in parts or parcels, said sales may be held from time to time and that the power shall not be exhausted until all of the Collateral Mortgaged Property not previously released sold shall have been sold, notwithstanding that the proceeds of such sales exceed, or may exceed, the Liabilities then secured therebySecured Obligations.
Appears in 2 contracts
Samples: Mortgage, Security Agreement, Assignment of Leases and Rents and Financing Statement (Stockeryale Inc), Mortgage, Security Agreement, Assignment of Leases and Rents, and Financing Statement (Stockeryale Inc)
Partial Sales. The Mortgagor agrees that, that in case the Mortgagee Mortgagee, in the exercise of the Power power of Sale sale contained herein or in the exercise of any other rights hereunder given, elects to sell in parts or parcels, said sales may be held from time to time and that the power shall not be exhausted until all of the Collateral Mortgaged Property not previously released sold shall have been sold, notwithstanding that the proceeds of such sales exceed, or may exceed, the Liabilities then secured therebyObligations.
Appears in 1 contract
Samples: Mortgage and Security Agreement (Newkirk Realty Trust, Inc.)
