Common use of Right of Foreclosure Clause in Contracts

Right of Foreclosure. The Bank may foreclose, either by judicial foreclosure or by exercise of power of sale, any deed of trust securing any Indebtedness even though such foreclosure may destroy or diminish the Guarantor's rights against the Debtor. The Guarantor shall be liable to the Bank for any part of any Indebtedness remaining unpaid after any such foreclosure whether or not such foreclosure was for fair market value.

Appears in 12 contracts

Samples: Credit Agreement (Golden State Vintners Inc), Amphastar Pharmaceuticals, Inc., Term Loan Agreement (Atg Inc)

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Right of Foreclosure. The Bank may foreclose, either by judicial foreclosure or by exercise of power of sale, any deed of trust securing any Indebtedness even though such foreclosure may destroy or diminish the GuarantorOwner's rights against the DebtorBorrower. The Guarantor Borrower shall be liable to the Bank for any part of any Indebtedness remaining unpaid after any such foreclosure whether or not such foreclosure was for fair market value.

Appears in 2 contracts

Samples: Security Agreement (Scheid Vineyards Inc), Security and Pledgeholder Agreement (Scheid Vineyards Inc)

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Right of Foreclosure. The Bank may foreclose, either by judicial foreclosure or by exercise of power of sale, any deed of trust securing any Indebtedness even though such foreclosure may destroy or diminish the Guarantor's ’s rights against the Debtor. The Guarantor shall be liable to the Bank for any part of any Indebtedness remaining unpaid after any such foreclosure whether or not such foreclosure was for fair market value.

Appears in 2 contracts

Samples: Continuing Guaranty (Alphatec Holdings, Inc.), Continuing Guaranty (Alphatec Holdings, Inc.)

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