Common use of Purchase by Lender Clause in Contracts

Purchase by Lender. Upon any foreclosure sale, Lender may bid for and purchase all or any portion of the Mortgaged Property and, upon compliance with the terms of the sale, may hold, retain and possess and dispose of such property in its own absolute right without further accountability.

Appears in 6 contracts

Samples: Sigmatron International Inc, Sigmatron International Inc, Assignment and Assumption Agreement (Quixote Corp)

AutoNDA by SimpleDocs

Purchase by Lender. Upon any such foreclosure sale, Lender may bid for and purchase all or any portion of the Mortgaged Property and, upon compliance with the terms of the sale, may hold, retain and possess and dispose of such property in its own absolute right without further accountability.

Appears in 1 contract

Samples: Security Agreement (Homegold Financial Inc)

Purchase by Lender. Upon any such foreclosure salesale pursuant to judicial proceedings, Lender may bid for and purchase all or any portion of the Mortgaged Property and, upon compliance with the terms of the sale, may hold, retain and possess and dispose of such property in its own absolute right without further accountability.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Earthcare Co)

AutoNDA by SimpleDocs

Purchase by Lender. Upon any foreclosure salesale pursuant to judicial proceedings, Lender may bid for and purchase all or any portion of the Mortgaged Property and, upon compliance with the terms of the sale, may hold, retain and possess and dispose of such property in its own absolute right the Property without further accountabilityaccountability to Borrower.

Appears in 1 contract

Samples: Construction Loan Agreement (Newmark Homes Corp)

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