Foreclosure Conveyance definition
Examples of Foreclosure Conveyance in a sentence
If Lender shall become the owner of or acquire an interest in or rights to the Property pursuant to a Foreclosure Conveyance, the foregoing indemnification obligation shall survive such Foreclosure Conveyance.
If Lender shall become the owner of or acquire an interest in or rights to the Project by a Foreclosure Conveyance, the foregoing indemnification obligation shall survive such Foreclosure Conveyance.
If Lender shall become the owner of or acquire an interest in or rights to the Project pursuant to a Foreclosure Conveyance, the foregoing indemnification obligation shall survive such Foreclosure Conveyance.
This Indemnity will inure to the benefit of Lender and the successors and assigns of Lender (including (a) any participants of Lender with respect to the Loan and any person or entity to which the Loan is transferred, (b) any person or entity to which the Property is conveyed by Foreclosure Conveyance (a “Foreclosure Transferee”), and (c) the successors and assigns of Lender or any other Foreclosure Transferee as owner of the Property).
However, no separate subordination agreement is required for this Agreement to be subordinate to the First Deed of Trust; and no separate agreement is required for Member to be obligated to honor this Agreement and to recognize Mortgage Lender or its successors or assigns who becomes the new owner of the Park as a result of a Foreclosure Conveyance, as Member’s landlord with the right to collect rent, manage the Park and enforce this Agreement and the Rules and Regulations.
The Corporation shall assign all its rights in and to the property management agreement to Mortgage Lender, so as to take effect in the event of any default in the Sale and Loan Documents, or any of them, or in the event of any Foreclosure Conveyance.
Except as otherwise provided herein, Indemnitor's obligations will survive repayment of the Loan and will survive any conveyance of the Property (including any Foreclosure Conveyance).
Debtor is neither a party to, nor, except as disclosed in the Transfer Agreement, has it any notice or knowledge of, any pending or threatened action, suit, proceeding or investigation involving it, at law or in equity or otherwise, in, before or by a court or any governmental board, commission, agency, department or officer, in which an adverse determination would have a material adverse effect on the assets or financial condition of Debtor or the Collateral described herein.
New Applicants) Important Note:• Respond to the questions as though the person(s) reviewing your application know(s) nothing about your organization or the services your organization provides.• Answer every question regardless of whether you believe you have already provided the answer in previous questions.• Clearly identify the partners in your community that you collaborate with and all services provided.
If Lender shall become the owner of or acquire an interest in or rights to the Project by a Foreclosure Conveyance, the foregoing indemnification obligation shall survive such Foreclosure Conveyance but only as to matters which arose prior to the Foreclosure Conveyance.