Restoration of Position. In case Lender shall have proceeded to enforce any right under this Mortgage by foreclosure, sale, entry or otherwise, and such proceedings shall have been discontinued or abandoned for any reason or shall have been determined adversely, then, and in every such case, Borrower and Lender shall be restored to their former positions and rights hereunder with respect to the Mortgaged Property subject to the lien hereof.
Appears in 7 contracts
Samples: And Fixture Financing Statement (Northern Growers LLC), Mortgage (Quantum Fuel Systems Technologies Worldwide Inc), Mortgage, Security Agreement (Lifecore Biomedical Inc)
Restoration of Position. In case Lender shall have proceeded to enforce any right under this Mortgage by foreclosure, sale, entry or otherwise, and such proceedings shall have been discontinued or abandoned for any reason or shall have been determined adversely, then, and in every such case, Borrower and Lender shall be restored to their former positions and rights hereunder with respect to the Mortgaged Property subject to the lien hereof.,
Appears in 1 contract
Samples: And Fixture Financing Statement (Northern Growers LLC)
Restoration of Position. In case Lender shall have proceeded to enforce toenforce any right under this Mortgage by foreclosure, sale, entry or otherwise, and such proceedings shall have been discontinued or abandoned for any reason or shall have been determined adversely, then, and in every such case, Borrower and Lender shall be restored to their former positions and rights hereunder with respect to the Mortgaged Property subject to the lien hereof.
Appears in 1 contract
Samples: Wsi Industries Inc
