Common use of Possession Until Default Clause in Contracts

Possession Until Default. Until some one or more of the Events of Default shall have happened, the Mortgagor shall be suffered and permitted to retain actual possession of the Mortgaged Property, and to manage, operate and use the same and any part thereof, with the rights and franchises appertaining thereto, and to collect, receive, take, use and enjoy the rents, revenues, issues, earnings, income, products and profits thereof or therefrom, subject to the provisions of this Mortgage.

Appears in 5 contracts

Samples: Mortgage and Security Agreement, Loan Agreement (Cap Rock Energy Corp), And (Iowa Telecommunications Services Inc)

AutoNDA by SimpleDocs

Possession Until Default. Until some one or more of the Events of Default shall have has happened, the Mortgagor shall be suffered and permitted to retain actual possession of the Mortgaged Property, and to manage, operate and use the same and any part thereof, with the rights and franchises appertaining thereto, and to collect, receive, take, use and enjoy the rents, revenues, issues, earnings, income, products products, and profits thereof or therefrom, subject to the provisions of this Restated Mortgage.

Appears in 1 contract

Samples: Notice

Possession Until Default. Until some one or more of the Events of Default shall have happenedoccurred, the Mortgagor shall be suffered and permitted to retain actual possession of the Mortgaged Property, and to manage, operate and use the same and any part thereof, with the rights and franchises appertaining thereto, and including, without limitation, to collect, receive, take, use and enjoy the rents, revenues, issues, earnings, income, products products, profits and profits proceeds thereof or therefrom, subject to the provisions of this Mortgage.

Appears in 1 contract

Samples: Security Agreement (Green Plains Renewable Energy, Inc.)

Possession Until Default. Until some one or more of the Events of Default shall have has happened, the Mortgagor shall be suffered and permitted to retain actual possession of the Mortgaged Property, and to manage, operate and use the same and any part thereof, with the rights and franchises appertaining thereto, and to collect, receive, take, use and enjoy the rents, revenues, issues, earnings, income, products and profits thereof or therefrom, subject to the provisions of this Mortgage.

Appears in 1 contract

Samples: Mortgage, Security Agreement

AutoNDA by SimpleDocs

Possession Until Default. Until some one or more of the Events of Default shall have happened, the Mortgagor shall be suffered and permitted to retain actual possession of the Mortgaged Property, and to manage, operate and use the same and any part thereof, with the rights and franchises appertaining thereto, and to collect, receive, take, use and enjoy the rents, revenues, issues, earnings, income, products and profits thereof or therefrom, subject to the provisions of this Mortgage. SECTION 5.02.

Appears in 1 contract

Samples: Security Agreement (Dakota Telecommunications Group Delaware Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.