Common use of Successor’s Rights Clause in Contracts

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Successor’s Rights. Any person who acquires title to the Property or the Chattels upon foreclosure hereunder will succeed to all of Mortgagor’s rights under all policies of insurance maintained pursuant to this Section.

Appears in 5 contracts

Samples: Open End Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (GTJ REIT, Inc.), Open End Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (GTJ REIT, Inc.), Open End Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (GTJ REIT, Inc.)

Successor’s Rights. Any person who Person that acquires title to the any Property or the Chattels upon foreclosure or deed in lieu of foreclosure hereunder will succeed to all of Mortgagor’s Borrowers’ rights under all policies of insurance maintained pursuant to this Section.

Appears in 4 contracts

Samples: Loan Agreement (GTJ REIT, Inc.), Loan Agreement (GTJ REIT, Inc.), Loan Agreement (GTJ REIT, Inc.)

Successor’s Rights. Any person who acquires title to the Property or the Chattels upon foreclosure hereunder will succeed to all of MortgagorGrantor’s rights under all policies of insurance maintained pursuant to this Section.

Appears in 4 contracts

Samples: Deed of Trust (Griffin Capital Essential Asset REIT II, Inc.), Deed of Trust (Griffin Capital Essential Asset REIT II, Inc.), Deed to Secure Debt, Security Agreement and Assignment of Leases and Rents (KBS Real Estate Investment Trust, Inc.)

Successor’s Rights. Any person who acquires title to the Property or the Chattels upon foreclosure hereunder will succeed to all of Mortgagor’s 's rights under all policies of insurance maintained pursuant to this Section.

Appears in 3 contracts

Samples: Mortgage, Security Agreement, Fixture Filing, Financing Statement and Assignment of Leases and Rents (BioMed Realty Trust Inc), Mortgage, Security Agreement, Fixture Filing, Financing Statement and Assignment of Leases and Rents (Sonesta International Hotels Corp), Open End Mortgage (Mark Centers Trust)

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Successor’s Rights. Any person who acquires title to the Property or the Chattels upon foreclosure hereunder will succeed to all of MortgagorTrustor’s rights under all policies of insurance maintained pursuant to this Section.

Appears in 2 contracts

Samples: Deed of Trust, Security Agreement, Fixture Filing, Financing Statement and Assignment of Leases and Rents (Hudson Pacific Properties, Inc.), Deed of Trust (KBS Real Estate Investment Trust, Inc.)

Successor’s Rights. Any person who acquires title to the Property or the Chattels upon foreclosure hereunder will succeed to all of Mortgagor’s Xxxxxxxxx's rights under all policies of insurance maintained pursuant to this Section.

Appears in 2 contracts

Samples: Mortgage, Security Agreement, Fixture Filing, Financing Statement and Assignment of Leases and Rents (Sonesta International Hotels Corp), Mortgage, Security Agreement, Fixture Filing, Financing Statement and Assignment of Leases and Rents (Sonesta International Hotels Corp)

Successor’s Rights. Any person who acquires title to the Property or the Chattels Collateral upon foreclosure hereunder will succeed to all of Mortgagor’s 's rights under all policies of insurance maintained pursuant to this Sectionsection, including, without limitation, all rights to all claims under all such insurance policies regardless of the nature of such claim or when such claim arose.

Appears in 1 contract

Samples: Mortgage, Security Agreement, Financing Statement and Absolute Assignment of Rents and Revenues (Asset Investors Corp)

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