Common use of Adverse Court Action Clause in Contracts

Adverse Court Action. A court of competent jurisdiction enters a stay order with respect to, assumes custody of or sequesters all or a substantial part of the Property or the Property is taken on execution or by other process of law.

Appears in 3 contracts

Samples: Deed of Trust and Security Agreement (Bluerock Residential Growth REIT, Inc.), Grubb & Ellis Healthcare REIT II, Inc., Micro Linear Corp /Ca/

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Adverse Court Action. A court of competent jurisdiction enters a stay an order staying the enforcement of this Indenture with respect to, assumes custody of or sequesters all or a substantial part of of, the Property Property, or the Property is taken on execution or by other process of law.

Appears in 1 contract

Samples: Finova Logo (Advanced Polymer Systems Inc /De/)

Adverse Court Action. A court of competent jurisdiction enters a stay order with respect to, assumes custody of or sequesters all or a substantial part of the Property Property, or the Property is taken on execution or by other process of law., if the subject of the court action results from a Casualty of a Taking, then subject to the provisions provided under Section 5 of this Mortgage; or

Appears in 1 contract

Samples: Leasehold Mortgage and Security Agreement (Lodging Fund REIT III, Inc.)

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Adverse Court Action. A court of competent jurisdiction enters a stay order with respect to, assumes custody of or sequesters all or a substantial part of of, the Property Property, or the Property is taken on execution or by other process of law., if the subject of the court action results from a Casualty of a Taking, then subject to the provisions provided under Section 5 of this Deed; or

Appears in 1 contract

Samples: Fee and Leasehold Deed of Trust Security Agreement and Fixture Filing (Lodging Fund REIT III, Inc.)

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