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

RECOVERY OF SUMS REQUIRED TO BE PAID. Subject to Article 15 of the Loan Agreement, Lender shall have the right from time to time to take action to recover any sum or sums which constitute a part of the Debt as the same become due, without regard to whether or not the balance of the Debt shall be due, and without prejudice to the right of Lender thereafter to bring an action of foreclosure, or any other action, for a default or defaults by Borrower existing at the time such earlier action was commenced.

Appears in 4 contracts

Samples: Deed of Trust (American Assets Trust, Inc.), Open End Mortgage (Glimcher Realty Trust), Deed of Trust (Behringer Harvard Reit I Inc)

AutoNDA by SimpleDocs

RECOVERY OF SUMS REQUIRED TO BE PAID. Subject to Article 15 Section 9.4 of the Loan Agreement, Lender shall have the right from time to time to take action to recover any sum or sums which constitute a part of the Debt as the same become due, without regard to whether or not the balance of the Debt shall be due, and without prejudice to the right of Lender thereafter to bring an action of foreclosure, or any other action, for a default or defaults by Borrower existing at the time such earlier action was commenced.

Appears in 2 contracts

Samples: Deed of Trust (FelCor Lodging Trust Inc), Leasehold Mortgage, Security Agreement and Fixture Filing (FelCor Lodging Trust Inc)

RECOVERY OF SUMS REQUIRED TO BE PAID. Subject Upon the occurrence and during the continuance of an Event of Default, subject to Article 15 of the Loan Agreement, Lender shall have the right from time to time to take action to recover any sum or sums which constitute a part of the Debt as the same become due, without regard to whether or not the balance of the Debt shall be due, and without prejudice to the right of Lender thereafter to bring an action of foreclosure, or any other action, for a default or defaults by Individual Borrower existing at the time such earlier action was commenced.

Appears in 2 contracts

Samples: Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Griffin Capital Essential Asset REIT II, Inc.), Mortgage, Assignment of Leases and Rents, Security Agreement, and Fixture Filing (Griffin Capital Essential Asset REIT, Inc.)

RECOVERY OF SUMS REQUIRED TO BE PAID. Subject to Article 15 the terms of the Loan Agreement, Lender shall have the right from time to time to take action to recover any sum or sums which constitute a part of the Debt as the same become due, without regard to whether or not the balance of the Debt shall be due, and without prejudice to the right of Lender thereafter to bring an action of foreclosure, or any other action, for a default or defaults an Event of Default by Borrower Grantor existing at the time such earlier action was commenced.

Appears in 1 contract

Samples: Fee and Leasehold Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing (BRE Select Hotels Corp)

AutoNDA by SimpleDocs

RECOVERY OF SUMS REQUIRED TO BE PAID. Subject to Article 15 the terms of the Loan Agreement, Lender shall have the right from time to time to take action to recover any sum or sums which constitute a part of the Debt as the same become due, without regard to whether or not the balance of the Debt shall be due, and without prejudice to the right of Lender thereafter to bring an action of foreclosure, or any other action, for a default or defaults an Event of Default by Borrower Mortgagor existing at the time such earlier action was commenced.

Appears in 1 contract

Samples: Fee and Leasehold Mortgage, Assignment of Leases and Rents, Fixture Filing and Security Agreement (BRE Select Hotels Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!