Common use of POSSESSION AND MAINTENANCE OF THE PROPERTY Clause in Contracts

POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Grantor agree that Borrower’s and Grantor’s possession and use of the Property shall be governed by the following provisions:

Appears in 3 contracts

Samples: Acquisition Agreement (TWO RIVERS WATER Co), Mortgage (Gta-Ib, LLC), Mortgage (Golf Trust of America Inc)

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POSSESSION AND MAINTENANCE OF THE PROPERTY. Borrower and Grantor agree that Borrower’s 's and Grantor’s 's possession and use of the Property shall be governed by the following provisions:: POSSESSION AND USE. Until the occurrence of an Event of Default, Grantor may (1) remain in possession and control of the Property; (2) use, operate or manage the Property; and (3) collect the Rents from the Property.

Appears in 3 contracts

Samples: Open End Mortgage (Ohio Art Co), Business Loan Agreement (Advanced Life Sciences Holdings, Inc.), Business Loan Agreement (Advanced Life Sciences Holdings, Inc.)

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