Common use of Sole Discretion of Mortgagee Clause in Contracts

Sole Discretion of Mortgagee. Wherever pursuant to this Mortgage, Mortgagee exercises any right given to it to consent or not consent or approve or disapprove, or any arrangement or term is to be satisfactory to Mortgagee, the decision of Mortgagee to consent or not consent, to approve or disapprove or to decide that arrangements or terms are satisfactory or not satisfactory shall be in the sole discretion of Mortgagee and shall be final and conclusive, except as may be otherwise expressly and specifically provided herein.

Appears in 9 contracts

Samples: Mortgage, Assignment of Leases and Rents, and Security Agreement (BMC Industries Inc/Mn/), Mortgage, Assignment of Leases and Rents and Security Agreement (Ridgewood Properties Inc), Mortgage, Assignment of Leases and Rents and Security Agreement (Prime Retail Inc)

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Sole Discretion of Mortgagee. Wherever Whenever pursuant to this Mortgage, Mortgagee exercises any right given to it to consent or not consent or approve or disapprove, or any arrangement or term is to be satisfactory to Mortgagee, the decision of Mortgagee to consent or not consent, to approve or disapprove or to decide that whether arrangements or terms are satisfactory or not satisfactory shall be made in good faith in the sole sole, reasonable discretion of Mortgagee and shall be final and conclusive, except as may be otherwise expressly and specifically provided herein.

Appears in 1 contract

Samples: Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Par Petroleum Corp/Co)

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Sole Discretion of Mortgagee. Wherever pursuant to this Mortgage, Mortgage Mortgagee exercises any right given to it to consent or not consent or approve or disapprove, or any arrangement or term is to be satisfactory to Mortgagee, the decision of Mortgagee to consent or not consent, to approve or disapprove or to decide that arrangements or terms are satisfactory or not satisfactory shall be in the sole discretion of Mortgagee and shall be final and conclusive, except as may be otherwise expressly and specifically provided herein.

Appears in 1 contract

Samples: Open End Mortgage, Assignment of Leases and Profits, Security Agreement and Fixture Filing (Essex Hospitality Associates Iv Lp)

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