Right to Defend Action Affecting Security. Lender may, at Borrower's expense, appear in and defend any action or proceeding, at law or in equity, that Lender in good faith believes may affect the Liens or security interests granted under this Agreement, including, without limitation, with respect to the Pledged Notes Receivable, the Applicable Mortgages, the value of the Collateral, or Lender's rights under any of the Loan Documents.
Appears in 3 contracts
Samples: Loan and Security Agreement (Equivest Finance Inc), Loan and Security Agreement (Equivest Finance Inc), Loan and Security Agreement (Equivest Finance Inc)
Right to Defend Action Affecting Security. Lender may, at Borrower's expense, appear in and defend any action or proceeding, proceeding at law or in equity, that equity which Lender in good faith believes may affect the Liens or security interests granted under this Agreement, including, including without limitation, with respect to the Pledged Notes Receivable, the Applicable Mortgages, the value of the Collateral, Collateral or Lender's rights under any of the Loan Documents.
Appears in 2 contracts
Samples: Loan and Security Agreement (Silverleaf Resorts Inc), Loan and Security Agreement (Silverleaf Resorts Inc)
Right to Defend Action Affecting Security. Lender may, at Borrower's expense, appear in and defend any action or proceeding, at law or in equity, that Lender in good faith believes may affect the Liens or security interests granted under this Agreement, including, without limitation, with respect to the Pledged Notes Receivable, the Applicable Mortgages, the value of the Collateral, or Lender's rights under any of the Loan Documents.
Appears in 2 contracts
Samples: Loan and Security Agreement (Equivest Finance Inc), Receivables Loan and Security Agreement (Silverleaf Resorts Inc)
Right to Defend Action Affecting Security. Lender may, at Borrower's expense, appear in and defend any action or proceeding, proceeding at law or in equity, that equity which Lender in good faith believes may affect the Liens or security interests granted under this Agreement, including, including without limitation, with respect to the Pledged Notes Receivable, the Applicable Receivables or Mortgages, the value of the Collateral, Collateral or Lender's rights under any of the Loan Documents.
Appears in 1 contract
Samples: Loan and Security Agreement (Silverleaf Resorts Inc)
Right to Defend Action Affecting Security. Lender may, at Borrower's expense, appear in and defend any action or proceeding, proceeding at law or in equity, that equity which Lender in good faith believes may affect the value of the Inventory Collateral or the Liens or security interests granted under this Agreement, including, including without limitation, with respect to the Pledged Notes Receivable, the Applicable Mortgages, the value of the Collateral, or limitation Lender's rights under any of the Loan Documents. Lender may engage counsel of its own choice in any such action or proceeding without the consent of Borrower and Borrower shall pay all reasonable fees and expenses of such counsel.
Appears in 1 contract
Samples: Inventory Loan and Security Agreement (Diamond Resorts Corp)
Right to Defend Action Affecting Security. Lender may, at Borrower's expense, appear in and defend any action or proceeding, proceeding at law or in equity, that equity which Lender in good faith believes may affect the Liens or security interests granted under this Agreement, including, without limitation, with respect to the Pledged Notes Receivable, the Applicable Mortgages, the value of the Collateral, or Lender's rights under any the Work and of the Loan DocumentsMortgaged Property the Liens granted under this Agreement.
Appears in 1 contract
Samples: Construction Loan and Security Agreement (Bluegreen Corp)
Right to Defend Action Affecting Security. Lender may, at Borrower's expense, appear in and defend any action or proceeding, at law or in equity, that which Lender in good faith believes may affect the Liens or security interests granted under this Agreement, including, including without limitation, with respect to the Pledged Notes Receivable, the Applicable Textron Mortgages, the value of the Collateral, or Lender's rights under any of the Loan Documents.
Appears in 1 contract
Samples: Loan Agreement (Cr Resorts Capital S De R L De C V)
Right to Defend Action Affecting Security. Lender may, at Borrower's ’s expense, appear in and defend any action or proceeding, proceeding at law or in equity, that equity which Lender in good faith believes may affect the Liens or security interests granted under this Agreement, including, including without limitation, with respect to the Pledged Notes Receivable, the Applicable Real Property, the Inventory, the Real Property Mortgages, the Inventory Mortgages or Mortgages, the value of the Collateral, Collateral or Lender's ’s rights under any of the Loan Documents.
Appears in 1 contract
Samples: Loan and Security Agreement (Silverleaf Resorts Inc)
Right to Defend Action Affecting Security. Lender may, at Borrower's ’s expense, appear in and defend any action or proceeding, proceeding at law or in equity, that equity which Lender in good faith believes may affect the value of the Sub-Loan Collateral, the Work and of the Mortgaged Property the Liens or security interests granted under this Agreement or any Sub-Loan Agreement, including, without limitation, with respect to the Pledged Notes Receivable, the Applicable Mortgages, the value of the Collateral, or Lender's rights under any of the Loan Documents.
Appears in 1 contract
Right to Defend Action Affecting Security. Lender may, at Borrower's ------------------------------------------ expense, appear in and defend any action or proceeding, proceeding at law or in equity, that equity which Lender in good faith believes may affect the Liens or security interests granted under this Agreement, including, without limitation, with respect to the Pledged Notes Receivable, the Applicable Mortgages, the value of the Collateral, or Lender's rights under any of the Loan Documents.
Appears in 1 contract
Right to Defend Action Affecting Security. Lender may, at Borrower's expense, appear in and defend any action or proceeding, proceeding at law or in equity, that equity which Lender in good faith believes may affect the Liens or value of the Collateral, the Improvements, the security interests granted under this Agreement, including, including without limitation, with respect to limitation the security interests in the Pledged Notes Receivable, Receivables and the Applicable Mortgages, the value Assigned Deeds of the CollateralTrust, or Lender's rights under any of the Loan Documents.
Appears in 1 contract
Right to Defend Action Affecting Security. Lender may, at Borrower's expense, appear in and defend any action or proceeding, at law or in equity, that Lender in good faith believes may affect the Liens or security interests granted under this Agreement, including, without limitation, with respect to the Pledged Notes Receivable, the Applicable Mortgages, the Pledged Consumer Notes Receivable, the Interval Mortgages, the value of the Collateral, or Lender's rights under any of the Loan Documents.
Appears in 1 contract