Common use of Realization of Security Clause in Contracts

Realization of Security. 9.1 In realizing the Mortgagee’s right in accordance with laws, Party B is entitled to use the collateral to make up for the indebtedness as agreed by both Parties or settle the outstanding indebtedness by the proceeds derived from the sale or auction of the collateral.

Realization of Security. 9.1 In realizing the Mortgagee’s 's right in accordance with laws, Party B is entitled to use the collateral to make up for the indebtedness as agreed by both Parties or settle the outstanding indebtedness by the proceeds derived from the sale or auction of the collateral.;