Common use of Purchase by Grantee Clause in Contracts

Purchase by Grantee. Upon any foreclosure sale or sales of all or any portion of the Property under the power herein granted, Grantee may bid for and purchase the Property and shall be entitled to apply all or any part of the Secured Indebtedness as a credit to the purchase price.

Appears in 4 contracts

Samples: Future Advance Deed to Secure Debt (Roberts Realty Investors Inc), Deed to Secure Debt (Roberts Realty Investors Inc), Future Advance Deed to Secure Debt, Assignment of Rents and Leases and Security Agreement (Roberts Realty Investors Inc)

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Purchase by Grantee. Upon any foreclosure sale or sales sale of all or any portion of the Property under the power herein granted, Grantee may bid for and purchase the Property and shall be entitled to apply all or any part of the Secured Indebtedness as a credit to the purchase price.

Appears in 2 contracts

Samples: Deed to Secure Debt, Deed to Secure Debt

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Purchase by Grantee. Upon any foreclosure sale or sales of all or any portion sale, Grantee, on behalf of the Property under the power herein grantedLenders, Grantee may bid for and purchase the Property and shall be entitled to apply all or any part of the Secured Indebtedness Obligations secured hereby as a credit to the purchase price.

Appears in 2 contracts

Samples: Deed to Secure Debt and Security Agreement (Koger Equity Inc), Deed to Secure Debt and Security Agreement (Koger Equity Inc)

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