Common use of Sale with Realty Collateral Clause in Contracts

Sale with Realty Collateral. In the event of foreclosure, whether judicial or non-judicial, at the Beneficiary’s option it may proceed under the Uniform Commercial Code as to the Personalty Collateral or it may proceed as to both Personalty Collateral and Collateral constituting real property in accordance with its rights and remedies in respect of the Collateral constituting real property.

Appears in 2 contracts

Samples: Deed of Trust (Westmountain Gold, Inc.), Loan Agreement (Gryphon Gold Corp)

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Sale with Realty Collateral. In the event of foreclosure, --------------------------- whether judicial or non-judicialnonjudicial, at the Beneficiary’s 's option it may proceed under the Uniform Commercial Code as to the Personalty Collateral or it may proceed as to both Realty Collateral and Personalty Collateral and Collateral constituting real property in accordance with its rights and remedies in respect of the Collateral constituting real propertyRealty Collateral.

Appears in 1 contract

Samples: Loan Agreement (Royal Gold Inc /De/)

Sale with Realty Collateral. In the event of foreclosure, whether judicial or non-judicial, at the BeneficiaryLender’s option it may proceed under the Uniform Commercial Code as to the Personalty Collateral or it may proceed as to both Personalty Collateral and Collateral constituting real property in accordance with its rights and remedies in respect of the Collateral constituting real property.

Appears in 1 contract

Samples: Mortgage, Security Agreement, Assignment of Production, Rents and Leasehold Interests and Financing Statement (Santa Fe Gold CORP)

Sale with Realty Collateral. In the event of foreclosure, whether judicial or non-judicialnonjudicial, at the Beneficiary’s Debenture Mortgagees's option it may proceed under the Uniform Commercial Code as to the Personalty Collateral or it Debenture Mortgagees may proceed as to both Realty Collateral and Personalty Collateral and Collateral constituting real property in accordance with its their rights and remedies in respect of the Collateral constituting real propertyRealty Collateral.

Appears in 1 contract

Samples: Mortgage, Assignment of Proceeds, Security Agreement and Financing Statement (Pease Oil & Gas Co /Co/)

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Sale with Realty Collateral. In the event of foreclosure, whether judicial or non-judicial, at the BeneficiaryLender’s option it may proceed under the Uniform Commercial Code as to the Personalty Collateral or it may proceed as to both Realty Collateral and Personalty Collateral and Collateral constituting real property in accordance with its rights and remedies in respect of the Collateral constituting real propertyRealty Collateral.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Armada Oil, Inc.)

Sale with Realty Collateral. In the event of foreclosure, whether judicial or non-judicial, at the BeneficiaryMortgagee’s option it may proceed under the Uniform Commercial Code as to the Personalty Collateral or it may proceed as to both Personalty Collateral and Collateral constituting real property in accordance with its rights and remedies in respect of the Collateral constituting real property.

Appears in 1 contract

Samples: Loan Agreement (Uranium Resources Inc /De/)

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