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 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: SHARING SERVICES GLOBAL 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) 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: Postal Realty Trust, Inc.

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.)

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Successor’s Rights. Any Person that acquires title to the Property, the Chattels, the Intangible Personalty any Property or the other Collateral (or any portion thereof) Chattels 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 9.Section. 60

Appears in 1 contract

Samples: Loan Agreement (GTJ 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: After Recording (Asset Investors Corp)

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