Settlement for Termination. Grantor agrees that no settlement for damages for termination of any of the Leases under the Federal Bankruptcy Code, or under any other federal, state or local statute, shall be made without the prior written consent of Noteholder, and any check in payment of such damages will be made payable to both Grantor and Noteholder. Grantor hereby assigns any such payment to Noteholder to be applied to the Indebtedness as Noteholder may elect and agrees to endorse any check for such payment to the order of Noteholder.
Appears in 2 contracts
Samples: Deed of Trust, Security Agreement and Assignment of Rents and Leases (Independent Research Agency for Life Insurance Inc), Deed of Trust, Security Agreement and Assignment of Rents and Leases (Newmark Homes Corp)
Settlement for Termination. Grantor agrees that no settlement for damages for termination of any of the Leases under the Federal Bankruptcy Code, or under any other federal, state state, or local statute, shall be made without the prior written consent of NoteholderBeneficiary, and any check in payment of such damages will shall be made payable to both Grantor and NoteholderBeneficiary. Grantor hereby assigns any such payment to Noteholder Beneficiary, to be applied to the Indebtedness as Noteholder Beneficiary may elect elect, and Gxxxxxx agrees to endorse any check for such payment to the order of NoteholderBeneficiary.
Appears in 1 contract
Samples: Deed of Trust (American International Holdings Corp.)
Settlement for Termination. Grantor agrees that no settlement for damages for termination of any of the Leases under the Federal Bankruptcy Code, or under any other federal, state or local statute, shall be made without the prior written consent of NoteholderBeneficiary, and any check in payment of such damages will be made payable to both Grantor and NoteholderBeneficiary. Grantor hereby assigns any such payment to Noteholder Beneficiary to be applied to the Indebtedness Obligation as Noteholder Beneficiary may elect and agrees to endorse any check for such payment to the order of NoteholderBeneficiary.
Appears in 1 contract
Samples: Deed of Trust, Security Agreement and Financing Statement (Cabinet Grow, Inc.)
Settlement for Termination. Grantor agrees that no settlement for damages for termination of any of the Leases under the Federal Bankruptcy Code, or under any other federal, state state, or local statute, shall be made without the prior written consent of NoteholderBeneficiary, and any check in payment of such damages will shall be made payable to both Grantor and NoteholderBeneficiary. Grantor hereby assigns any such payment to Noteholder Beneficiary, to be applied to the Indebtedness as Noteholder Beneficiary may elect elect, and agrees to endorse any check for such payment to the order of NoteholderBeneficiary.
Appears in 1 contract
Settlement for Termination. Grantor agrees that no settlement for damages for termination of any of the Leases under the Federal Bankruptcy Code, or under any other federal, state state, or local statute, shall be made without the prior written consent of NoteholderBeneficiary, and any check in the payment of such damages will shall be made payable to both Grantor and NoteholderBeneficiary. Grantor hereby assigns any such payment to Noteholder Beneficiary, to be applied to the Indebtedness as Noteholder Beneficiary may elect elect, and agrees to endorse any check for such payment to the order of NoteholderBeneficiary.
Appears in 1 contract
Samples: Loan Agreement (Hartman Commercial Properties Reit)
Settlement for Termination. Grantor agrees that no settlement for damages for termination of any of the Leases under the Federal United States Bankruptcy Code, or under any other federal, state or local statute, shall be made without the prior written consent of Noteholder, and any check in payment of such damages will be made payable to both Grantor and Noteholder. Grantor hereby assigns any such payment to Noteholder to be applied to the Indebtedness as Noteholder may elect and agrees to endorse any check for such payment to the order of Noteholder.
Appears in 1 contract
Samples: Deed of Trust, Security Agreement and Assignment of Rents and Leases (International Isotopes Inc)
Settlement for Termination. Grantor agrees that no settlement for damages for termination of any of the Leases under the Federal Bankruptcy Code, or under any other federal, state or local statute, shall be made without the prior written consent of NoteholderBeneficiary, and any check in payment of such damages will be made payable to both Grantor and NoteholderBeneficiary. Grantor hereby assigns any such payment to Noteholder Beneficiary to be applied to the Indebtedness Obligation as Noteholder Beneficiary may elect and agrees to endorse any check for such payment to the order of Noteholder.Beneficiary. DEED OF TRUST (LONG FORM) 19 Rev. July 2000
Appears in 1 contract
Samples: Deed of Trust (Us Home Systems Inc)
