Common use of Deficiency Decree Clause in Contracts

Deficiency Decree. If at any foreclosure proceeding the Mortgaged Premises shall be sold for a sum less than the total amount of indebtedness for which judgment is therein given, the judgment creditor shall be entitled to the entry of a deficiency decree against Mortgagor and against the property of Mortgagor for the amount of such deficiency; and Mortgagor does hereby irrevocably consent to the appointment of a receiver for the Mortgaged Premises and the property of Mortgagor and of the rents, issues and profits thereof after such sale and until such deficiency decree is satisfied in full.

Appears in 6 contracts

Samples: Mortgage and Security Agreement (Morton Industrial Group Inc), Mortgage and Security Agreement (Ios Brands Corp), Mortgage and Security Agreement (Morton Industrial Group Inc)

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Deficiency Decree. If at any foreclosure proceeding the Mortgaged Premises Property shall be sold for a sum less than the total amount of indebtedness for which judgment is therein given, the judgment creditor shall be entitled to the entry of a deficiency decree against Mortgagor the Entity and against the property of Mortgagor the Entity for the amount of such deficiency, subject to Applicable Laws; and the Mortgagor does hereby irrevocably consent to the appointment of a receiver for the Mortgaged Premises Property and the property of the Mortgagor and of the rents, issues and profits thereof after such sale and until such deficiency decree is satisfied in full.

Appears in 2 contracts

Samples: Oneida LTD, Oneida LTD

Deficiency Decree. If at any foreclosure proceeding the Mortgaged Premises Property shall be sold for a sum less than the total amount of indebtedness for which judgment is therein given, the judgment creditor shall be entitled to the entry of a deficiency decree against Mortgagor the Entity and against the property of Mortgagor the Entity for the amount of such deficiency, subject to Applicable Laws; and Mortgagor does the Entity and the Agency do hereby irrevocably consent to the appointment of a receiver for the Mortgaged Premises Property and the property of Mortgagor the Entity and of the rents, issues and profits thereof after such sale and until such deficiency decree is satisfied in full.

Appears in 2 contracts

Samples: Oneida LTD, Oneida LTD

Deficiency Decree. If at any foreclosure proceeding the Mortgaged Premises Property shall be sold for a sum less than the total amount of indebtedness for which judgment is therein given, the judgment creditor shall be entitled to the entry of a deficiency decree against Mortgagor and against the property of Mortgagor for the amount of such deficiency, subject to applicable laws; and Mortgagor does hereby irrevocably consent to the appointment of a receiver for the Mortgaged Premises Property and the property of Mortgagor and of the rents, issues and profits thereof after such sale and until such deficiency decree is satisfied in full.

Appears in 1 contract

Samples: Guaranty and Pledge Agreement (Guilford Mills Inc)

Deficiency Decree. If at any foreclosure proceeding the Mortgaged Premises Property shall be sold for a sum less than the total amount of indebtedness for which judgment is therein given, the judgment creditor shall be entitled to the entry of a deficiency decree against Mortgagor and against the property of Mortgagor for the amount of such deficiency, subject to applicable laws; and Mortgagor does hereby irrevocably consent to the appointment of a receiver xxxxxxxx for the Mortgaged Premises Property and the property of Mortgagor and of the rents, issues and profits thereof after such sale and until such deficiency decree is satisfied in full.

Appears in 1 contract

Samples: Security and Pledge Agreement (Guilford Mills Inc)

Deficiency Decree. If at any foreclosure proceeding the Mortgaged Premises shall be sold for a sum less than the total amount of indebtedness for which judgment is therein given, the judgment creditor shall be entitled to the entry of a deficiency decree against Mortgagor and against the property of Mortgagor for the amount of such deficiency; and Mortgagor does hereby irrevocably consent to the appointment of a receiver for the Mortgaged Premises and the property of Mortgagor and of the rents, issues and profits thereof after such sale and until such deficiency decree is satisfied in full.

Appears in 1 contract

Samples: X Rite Inc

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Deficiency Decree. If at any foreclosure proceeding the Mortgaged Premises shall be sold for a sum less than the total amount of indebtedness for which judgment is therein given, the judgment creditor shall be entitled to the entry of a deficiency decree against Mortgagor and against the property of Mortgagor for the amount of such deficiency; and Mortgagor does hereby irrevocably consent to the appointment of a receiver for the Mortgaged Premises and the property of Mortgagor and of the rents, issues and profits thereof after such sale and until such deficiency decree is satisfied in full.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Cti Industries Corp)

Deficiency Decree. If at any foreclosure proceeding the Mortgaged Premises shall be sold for a sum less than the total amount of indebtedness for which judgment is therein given, the judgment creditor shall be entitled to the entry of a deficiency decree against Mortgagor and against the property of Mortgagor for the amount of such deficiency; , and Mortgagor does hereby irrevocably consent to the appointment of a receiver for the Mortgaged Premises and the other property (real and personal) of Mortgagor and of the rents, issues and profits thereof after such sale and until such deficiency decree is satisfied in full.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Global Technovations Inc)

Deficiency Decree. If If, at any foreclosure proceeding proceeding, the ----------------- Mortgaged Premises Property shall be sold for a sum less than the total amount of indebtedness for which judgment is therein given, the judgment creditor shall be entitled to the entry of a deficiency decree against Mortgagor and against the property of Mortgagor for the amount of such deficiency; and Mortgagor does hereby irrevocably consent to the appointment of a receiver for the Mortgaged Premises Property and the property of Mortgagor and of the rents, issues and profits Rents thereof after such sale and until such deficiency decree is satisfied in full.

Appears in 1 contract

Samples: Ventas Inc

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