Common use of RECOVERY OF SUMS REQUIRED TO BE PAID Clause in Contracts

RECOVERY OF SUMS REQUIRED TO BE PAID. The Secured Party shall have the right from time to time to take action to recover any sum or sums which constitute a part of the Obligations as the same become due, without regard to whether or not the balance of the Obligations shall be due, and without prejudice to the right of the Secured Party thereafter to bring an action of foreclosure, or any other action, for a default or defaults by the Borrower existing at the time such earlier action was commenced.

RECOVERY OF SUMS REQUIRED TO BE PAID. The Grantee and Secured Party Parties 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 the Grantee and Secured Party Parties thereafter to bring an action of foreclosure, or any other action, for a default or defaults by the Borrower Grantor existing at the time such earlier action was commenced.