Common use of Rights of the Lender Clause in Contracts

Rights of the Lender. The Lender, whether it has simple or full administration of the Hypothecated Property, may negotiate with tenants, suppliers and contractors of the Hypothecated Property, sign leases, service contracts or management contracts, renew or resiliate such contracts, bring an action at law in order to enforce respect of the obligations under such contracts, grant discharges of such obligations, undertake or carry-out all maintenance, repair, renovation or improvement work on the Hypothecated Property, and, generally, do all things which the Lender considers advisable for the operation of the Hypothecated Property, the protection of the Hypothecated Property or the safeguard of its rights.