Purchase by Mortgagee. Upon any such foreclosure sale, Mortgagee may bid for and purchase the Mortgaged Property and, upon compliance with the terms of sale, may hold, retain and possess and dispose of such property in its own absolute right without further accountability.
Appears in 5 contracts
Samples: Mortgage and Security Agreement (Adcare Health Systems, Inc), Security Agreement (Liberty Technologies Inc), Mortgage and Security Agreement (Med Waste Inc)
Purchase by Mortgagee. Upon any such foreclosure sale, Mortgagee may bid for and purchase the Mortgaged Property and, upon compliance with the terms of sale, may hold, retain and possess and dispose of such property in its own absolute right without further accountability.
Appears in 3 contracts
Samples: Mortgage, Security Agreement (Neutron Energy, Inc.), Mortgage, Security Agreement (Neutron Energy, Inc.), Mortgage, Security Agreement (Neutron Energy, Inc.)
Purchase by Mortgagee. Upon any such foreclosure salesale (whether judicial or nonjudicial), Mortgagee may bid for and purchase the Mortgaged Property property subject to such sale and, upon compliance with the terms of sale, may hold, retain and possess and dispose of such property in its own absolute right without further accountability.
Appears in 3 contracts
Samples: Credit Agreement (Revel Entertainment Group, LLC), Fixture Filing and Security Agreement (Marina District Development Company, LLC), Lease Agreement (Showboat Inc)
Purchase by Mortgagee. Upon any such foreclosure sale, Mortgagee may bid for and purchase the Mortgaged Property and, upon compliance with the terms of sale, may hold, retain and possess and dispose of such property the Mortgaged Property in its own absolute right without further accountability.
Appears in 3 contracts
Samples: Fee and Leasehold Mortgage (CVD Equipment Corp), Reptron Electronics Inc, Reptron Electronics Inc
Purchase by Mortgagee. Upon Without limiting any other provision contained herein, upon any such foreclosure sale, the Mortgagee may bid for and purchase the Mortgaged Property and, upon compliance with the terms of sale, may hold, retain and possess and dispose of such property in its own absolute right without further accountability.
Appears in 2 contracts
Samples: Mortgage and Security Agreement (Acadia Realty Trust), Mortgage and Security Agreement (Acadia Realty Trust)
Purchase by Mortgagee. Upon any such and foreclosure sale, Mortgagee may bid for and purchase the Mortgaged Property and, upon compliance with the terms of sale, may hold, retain and possess and dispose of such property in its own absolute right without further accountability.
Appears in 1 contract
Samples: Assignment and Security Agreement (Sea Pines Associates Inc)
Purchase by Mortgagee. Upon any such foreclosure salesale (whether judicial or non- judicial), Mortgagee may bid for and purchase the Mortgaged Property property subject to such sale and, upon compliance with the terms of sale, may hold, retain and possess and dispose of such property in its own absolute right without further accountability.. 4.10
Appears in 1 contract
Samples: Allegiant Travel CO
Purchase by Mortgagee. Upon any such foreclosure sale, the Mortgagee may bid for and purchase the Mortgaged Property Premises and, upon compliance with the terms of sale, may hold, retain and possess and dispose of such property in its own absolute right without further accountability.
Appears in 1 contract
Samples: Management Agreement (American General Hospitality Corp)
Purchase by Mortgagee. Upon any such foreclosure sale, Mortgagee may bid for and purchase the Mortgaged Property and, upon compliance with the terms of salesale and applicable law, may hold, retain and possess and dispose of such property in its own absolute right without further accountabilityaccountability to Mortgagor.
Appears in 1 contract
Samples: Mortgage and Security Agreement (Certified Diabetic Services Inc)
Purchase by Mortgagee. Upon any such foreclosure sale, pursuant to judicial proceedings, the Mortgagee may bid for and purchase the Mortgaged Property and, upon compliance with the terms of sale, may hold, retain and possess and dispose of such property in its own absolute right right, without further accountability.
Appears in 1 contract
Samples: Mortgage and Security Agreement (Enclaves Group Inc)
