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

POSSESSION AND MAINTENANCE OF THE PROPERTY. Grantor and Borrower agree that Grantor's possession and use of the Property shall be governed by the following provisions: Possession and Use. Until in default or until Lender exercises its right to collect Rents as provided for in the Assignment of Rents form executed by Grantor in connection with the Property, Grantor may remain in possession and control of and operate and manage the Property and collect the Rents from the Property.

Appears in 1 contract

Samples: Agreement for Sale of Real Estate

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POSSESSION AND MAINTENANCE OF THE PROPERTY. Grantor and Borrower agree agrees that Grantor's possession and use of the Property shall be governed by the following provisions: Possession and UsePOSSESSION AND USE. Until in default or until Lender exercises its right to collect Rents as provided for in the Assignment occurrence of Rents form executed by Grantor in connection with the Propertyan Event of Default, Grantor may (a) remain in possession and control of and the Property, (b) use, operate and or manage the Property property, and (c) collect the any Rents from the Property.

Appears in 1 contract

Samples: Letter Loan Agreement (Paul Son Gaming Corp)

POSSESSION AND MAINTENANCE OF THE PROPERTY. Grantor and Borrower agree agrees that Grantor's possession and use of the Property shall be governed by the following provisions: Possession and Use. Until in default or until Lender exercises its right to collect Rents as provided for in the Assignment of Rents form executed by Grantor in connection with the Property, Grantor may remain in possession and control of and operate and manage the Property and collect the Rents from the Property.

Appears in 1 contract

Samples: Loan and Security Agreement (Snowdance Inc)

POSSESSION AND MAINTENANCE OF THE PROPERTY. Grantor and Borrower agree agrees that Grantor's possession and use of the Property shall be governed by the following provisions: Possession and UsePOSSESSION AND USE. Until in default or until Lender exercises its right to collect Rents as provided for in the Assignment occurrence of Rents form executed by Grantor in connection with the Propertyan Event of Default, Grantor may (1) remain in possession and control of and the Property; (2) use, operate and or manage the Property Property; and (3) collect the Rents from the Property.

Appears in 1 contract

Samples: Business Loan Agreement (Scotts Liquid Gold Inc)

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POSSESSION AND MAINTENANCE OF THE PROPERTY. Grantor and Borrower agree agrees that Grantor's possession and use of the Property shall be governed by the following provisions: Possession and Use. Until in default or until Lender exercises its right to collect Rents as provided for in the Assignment of Rents form executed by Grantor in connection with the Propertydefault, Grantor may remain in possession and control of and operate and manage the Property and collect called the Rents from the Property.

Appears in 1 contract

Samples: Mortgage (Prime Cellular Inc)

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