Common use of Successor’s Rights Clause in Contracts

Successor’s Rights. Any Person that acquires title to the Property, the Chattels, the Intangible Personalty or the other Collateral (or any portion thereof) upon foreclosure or deed or assignment-in-lieu of foreclosure will succeed to all of Borrowers’ rights under all applicable policies of insurance maintained pursuant to this Article 9.

Appears in 1 contract

Samples: Loan Agreement (GTJ Reit, Inc.)

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Successor’s Rights. Any Person that acquires title to the any Property, the Chattels, the Intangible Personalty or the other Collateral (or any portion thereof) upon foreclosure or deed or assignment-in-in lieu of foreclosure hereunder will succeed to all of Borrowers’ rights under all applicable policies of insurance maintained pursuant to this Article 9Section 5.1.16 with regard to such Property.

Appears in 1 contract

Samples: Loan Agreement (Plymouth Industrial REIT Inc.)

Successor’s Rights. Any Person that person who acquires title to the Property, the Chattels, the Intangible Personalty Property or the other Collateral (or any portion thereof) upon foreclosure or deed or assignment-in-lieu of foreclosure hereunder will succeed to all of Borrowers’ Trustor's rights under all applicable policies of insurance maintained pursuant to this Article 9section, 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: Deed of Trust (Asset Investors Corp)

Successor’s Rights. Any Person that person who acquires title to the Property, the Chattels, the Intangible Personalty Property or the other Collateral (or any portion thereof) upon foreclosure or deed or assignment-in-lieu of foreclosure hereunder will succeed to all of Borrowers’ Borrower’s rights under all applicable policies of insurance maintained pursuant to this Article 9section, 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: Deed of Trust, Assignment of Leases and Rents, Security Agreement and Financing Statement (SHARING SERVICES GLOBAL Corp)

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Successor’s Rights. Any Person that person who acquires title to the Property, the Chattels, the Intangible Personalty Property or the other Collateral (or any portion thereof) Chattels upon foreclosure or deed or assignmenthereunder, by deed-in-lieu of foreclosure thereof, or upon execution following judgment upon the Note will succeed to all of Borrowers’ Borrower’s rights under all applicable policies of insurance maintained pursuant to this Article 9Section.

Appears in 1 contract

Samples: Open End Mortgage (Postal Realty Trust, Inc.)

Successor’s Rights. Any Person that person who acquires title to the Property, the Chattels, the Intangible Personalty Property or the other Collateral (or any portion thereof) Chattels upon foreclosure or deed or assignment-in-lieu of foreclosure hereunder will succeed to all of Borrowers’ Borrower’s rights under all applicable policies of insurance maintained pursuant to this Article 9Section.

Appears in 1 contract

Samples: Mortgage, Security Agreement, Fixture Filing, Financing Statement and Assignment of Leases and Rents (AmeriCann, Inc.)

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