Workouts, Foreclosures Sample Clauses

Workouts, Foreclosures. Broker’s Purchase Obligation with respect to a Loan shall not be eliminated, reduced or otherwise modified as a result of any modification, workout or assumption of the Loan. Notwithstanding anything to the contrary, in no event shall a full credit bid made by Bank or any related party at a foreclosure sale of any Mortgaged Property affect in any way the rights and remedies of Bank or the obligations of Broker under this Agreement, including, without limitation, the obligations of Broker to purchase and indemnify Bank as provided herein.