RECOVERY OF SUMS REQUIRED TO BE PAID. Mortgagee shall have the right, from time to time, to take action to recover any sum or sums which constitute a part of the Secured Obligations as the same become due, without regard to whether or not the balance of the Secured Obligations shall be due and without prejudice to the right of Mortgagee thereafter to bring an action of foreclosure, or any other action, for a default or defaults by Grantor existing at the time such earlier action was commenced.
Appears in 2 contracts
Samples: Mortgage, Leasehold Mortgage, Assignment of Rents, Fixture Filing, Security Agreement and Financing Statement (Louisiana Casino Cruises Inc), Mortgage, Leasehold Mortgage, Assignment of Rents, Fixture Filing, Security Agreement and Financing Statement (Louisiana Casino Cruises Inc)
RECOVERY OF SUMS REQUIRED TO BE PAID. Mortgagee and Lenders shall have the right, right from time to time, time to take action to recover any sum or sums which constitute a part of the Secured Obligations as the same become due, without regard to whether or not the balance of the Secured Obligations shall be due due, and without prejudice to the right of Mortgagee and Lenders thereafter to bring an action of foreclosure, or any other action, for a default or defaults by Grantor Mortgagor existing at the time such earlier action was commenced.
Appears in 1 contract
RECOVERY OF SUMS REQUIRED TO BE PAID. Mortgagee shall have the right, right from time to time, time to take action to recover any sum or sums which constitute a part of the Secured Obligations Debt as the same become due, without regard to whether or not the balance of the Secured Obligations Debt shall be due due, and without prejudice to the right of Mortgagee thereafter to bring an action of foreclosure, or any other action, for a default or defaults by Grantor Borrower existing at the time such earlier action was commenced.
Appears in 1 contract
RECOVERY OF SUMS REQUIRED TO BE PAID. Each Mortgagee shall have the right, right from time to time, time to take action to recover any sum or sums which constitute a part of the Secured Obligations Debts as the same become due, without regard to whether or not the balance of the Secured Obligations Debts shall be due due, and without prejudice to the right rights of Mortgagee Agent, on behalf of Mortgagees, thereafter to bring an action of foreclosure, or any other action, for a default or defaults by Grantor Mortgagor existing at the time such earlier action was commenced.
Appears in 1 contract
Samples: Mortgage, Security Agreement and Assignment of Leases and Rents (Ener1 Inc)
RECOVERY OF SUMS REQUIRED TO BE PAID. Mortgagee shall have the right, right from time to time, time to take action to recover any sum or sums which constitute a part of the Secured Obligations Debt as the same they become due, without regard to whether or not the balance of the Secured Obligations Debt shall be due due, and without prejudice to the right of Mortgagee thereafter to bring an action of foreclosure, or any other action, for a default or defaults by Grantor Mortgagor existing at the time such earlier action was commenced.
Appears in 1 contract
