Common use of Suits to Protect the Mortgaged Property Clause in Contracts

Suits to Protect the Mortgaged Property. Beneficiary shall have the power and authority to institute and maintain any suits and proceedings as Beneficiary, in its sole and absolute discretion, may deem advisable (a) to prevent any impairment of the Mortgaged Property by any acts which may be unlawful or in violation of this Deed of Trust or the Credit Agreement, (b) to preserve or protect its interest in the Mortgaged Property, or (c) to restrain the enforcement of or compliance with any legislation or other Governmental Rule that may be unconstitutional or otherwise invalid, if the enforcement of or compliance with such legislation or other Governmental Rule might impair the security hereunder or be prejudicial to Beneficiary’s interest.

Suits to Protect the Mortgaged Property. Beneficiary shall have the power and authority to institute and maintain any suits and proceedings as Beneficiary, in its sole and absolute discretion, may deem advisable (a) to prevent any impairment of the Mortgaged Property by any acts which may be unlawful or in violation of this Deed of Trust or the Credit AgreementTrust, (b) to preserve or protect its interest in the Mortgaged Property, or (c) to restrain the enforcement of or compliance with any legislation legislation, Applicable Law or other Governmental Rule Approval that may be unconstitutional or otherwise invalid, if the enforcement of or compliance with such legislation enactment, rule or other Governmental Rule order might impair the security hereunder or be prejudicial to Beneficiary’s 's interest.

Suits to Protect the Mortgaged Property. Beneficiary shall have the power and authority to institute and maintain any suits and proceedings as Beneficiary, in its sole and absolute discretion, may deem advisable (a) to prevent any impairment of the Mortgaged Property by any acts which may be unlawful or in violation of this Deed of Trust or the Credit AgreementTrust, (b) to preserve or protect its interest in the Mortgaged Property, or (c) to restrain the enforcement of or compliance with any legislation or other Governmental Rule Legal Requirement that may be unconstitutional or otherwise invalid, if the enforcement of or compliance with such legislation enactment, rule or other Governmental Rule order might impair the security hereunder or be prejudicial to Beneficiary’s 's interest.