Purchase by Agent. Upon any foreclosure sale, Agent, on behalf of the Lenders and the holders of the Hedge Obligations, may bid for and purchase the Property and shall be entitled to apply all or any part of the Secured Obligations secured hereby as a credit to the purchase price.
Appears in 11 contracts
Samples: Deed of Trust, Security Agreement, Assignment of Leases and Rents (Carter Validus Mission Critical REIT, Inc.), Act of Mortgage, Security Agreement and Assignment of Leases and Rents (Carter Validus Mission Critical REIT, Inc.), Secured Credit Agreement (Rouse Properties, Inc.)
Purchase by Agent. Upon any foreclosure sale, Agent, on behalf of the Lenders and the holders of the Hedge ObligationsLenders, may bid for and purchase the Property and shall be entitled to apply all or any part of the Secured Obligations secured hereby as a credit to the purchase price.
Appears in 4 contracts
Samples: Credit Agreement (Behringer Harvard Reit I Inc), Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Republic Property Trust), Deed of Trust and Security Agreement (Koger Equity Inc)
Purchase by Agent. Upon any foreclosure sale, Agent, on behalf of the Lenders and the holders of the Hedge Obligations, may bid for and purchase the Property and shall be entitled to apply all or any part of the Secured Obligations Debt secured hereby as a credit to the purchase price. Agent shall be permitted to assign its credit bid to any third party.
Appears in 2 contracts
Samples: Credit Agreement (Jernigan Capital, Inc.), Credit Agreement (Jernigan Capital, Inc.)
Purchase by Agent. Upon any foreclosure sale, Agent, on behalf of the Lenders and the holders of the Hedge Obligations, may bid for and purchase the Property and shall be entitled to apply all or any part of the Secured Obligations secured hereby as a credit to the purchase price. Agent shall be permitted to assign its credit bid to any third party.
Appears in 2 contracts
Samples: Open End Fee and Leasehold Mortgage (Carter Validus Mission Critical REIT, Inc.), Open End Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Carter Validus Mission Critical REIT, Inc.)
Purchase by Agent. Upon any foreclosure sale, Agent, on behalf of the Lenders and the holders of the Hedge Obligations----------------- Banks, may bid for and purchase the Property and shall be entitled to apply all or any part of the Secured Obligations secured hereby as a credit to the purchase price.
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Purchase by Agent. Upon any foreclosure sale, Agent, on behalf of the Lenders and the holders of the Hedge ObligationsBanks, may bid for and purchase the Property and shall be entitled to apply all or any part of the Secured Obligations secured hereby as a credit to the purchase price.
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