Common use of Waiver of Foreclosure Defense Clause in Contracts

Waiver of Foreclosure Defense. Individual Borrower hereby waives any defense Individual Borrower might assert or have by reason of Lender’s failure to make any tenant or lessee of the Property a party defendant in any foreclosure proceeding or action instituted by Lender.

Appears in 2 contracts

Samples: Security Agreement and Fixture Filing (Griffin Capital Essential Asset REIT II, Inc.), Security Agreement (Griffin Capital Essential Asset REIT, Inc.)

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Waiver of Foreclosure Defense. Individual Borrower hereby waives waives, to the fullest extent permitted by law, any defense Individual Borrower might assert or have by reason of Lender’s failure to make any tenant or lessee tenant of the Property a party defendant in any foreclosure proceeding or action instituted by Lender.

Appears in 2 contracts

Samples: Security Agreement and Fixture Filing (Tarragon Corp), Leases, Security Agreement and Fixture Filing (Behringer Harvard Opportunity REIT I, Inc.)

Waiver of Foreclosure Defense. Individual Borrower Borrowers hereby waives waive any defense Individual Borrower Borrowers might assert or have by reason of Lender’s failure to make any tenant or lessee of the Property a party defendant in any foreclosure proceeding or action instituted by Lender.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (Glimcher Realty Trust)

Waiver of Foreclosure Defense. Individual Borrower hereby waives waives, to the fullest extent permitted by law, any defense Individual Borrower might assert or have by reason of Lender’s 's failure to make any tenant or lessee tenant of the Property a party defendant in any foreclosure proceeding or action instituted by Lender.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (Consolidated Capital Properties Iv)

Waiver of Foreclosure Defense. Individual Borrower hereby waives waives, to the fullest extent permitted by law, any defense Individual Borrower might assert or have by reason of Lender’s Agent's failure to make any tenant or lessee tenant of the Property a party defendant in any foreclosure proceeding or action instituted by LenderAgent.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (Valcent Products Inc.)

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Waiver of Foreclosure Defense. Individual Borrower hereby waives any ----------------------------- defense Individual Borrower might assert or have by reason of Lender’s Trustee/Collateral Agent's failure to make any tenant or lessee of the Property a party defendant in any foreclosure proceeding or action instituted by LenderTrustee/Collateral Agent.

Appears in 1 contract

Samples: Mortgage, Security Agreement and Fixture Filing (Globix Corp)

Waiver of Foreclosure Defense. Individual Borrower hereby waives waives, to the fullest extent permitted by law, any defense Individual Borrower might assert or have by reason of LenderAgent’s failure to make any tenant or lessee tenant of the Property a party defendant in any foreclosure proceeding or action instituted by LenderAgent.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (Valcent Products Inc.)

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