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 5 contracts
Samples: Mortgage (Gta-Ib, LLC), Mortgage (Golf Trust of America Inc), Mortgage (Palweb Corp)
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: Mortgage and Security Agreement (Shepherd's Finance, LLC), Mortgage and Security Agreement (Shepherd's Finance, LLC), Mortgage and Security Agreement (Shepherd's Finance, LLC)
Possession and Use. Until the occurrence of an Event of Default, Grantor may (1a) remain in possession and control of the Property; , (2b) use, operate or manage the Property; , and (3c) collect the any Rents from the PropertyProperty (this privilege is a license from Lender to Grantor automatically revoked upon the occurrence of an Event of Default).
Appears in 1 contract
Samples: Asset Purchase Agreement (Nevada Gold & Casinos Inc)
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 1 contract
