Common use of Occupancy After Foreclosure Clause in Contracts

Occupancy After Foreclosure. The purchaser at any foreclosure sale pursuant to Section 4.1(d) shall become the legal owner of the Mortgaged Property. All occupants of the Mortgaged Property shall, at the option of such purchaser, become tenants of the purchaser at the foreclosure sale and shall deliver possession thereof immediately to the purchaser upon demand. It shall not be necessary for the purchaser at said sale to bring any action for possession of the Mortgaged Property other than the statutory action of forcible detainer in any justice court having jurisdiction over the Mortgaged Property.

Appears in 9 contracts

Samples: Mortgage, Security Agreement (Green Plains Inc.), Deed of Trust and Security Agreement (NNN 2003 Value Fund LLC), Security Agreement and Fixture Filing (Green Plains Inc.)

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Occupancy After Foreclosure. The purchaser at any foreclosure sale pursuant to Section 4.1(d) 4.1.4 shall become the legal owner of the Mortgaged Property. All occupants of the Mortgaged Property shall, at the option of such purchaser, become tenants of the purchaser at the foreclosure sale and shall deliver possession thereof immediately to the purchaser upon demand. It shall not be necessary for the purchaser at said sale to bring any action for possession of the Mortgaged Property other than the statutory action of forcible detainer in any justice court having jurisdiction over the Mortgaged Property.

Appears in 5 contracts

Samples: Credit Agreement (Auto Disposal of Memphis, Inc.), Security Agreement (IAA Acquisition Corp.), Credit Agreement (Regal Cinemas Corp)

Occupancy After Foreclosure. The purchaser at any foreclosure sale pursuant to Section 4.1(d6.1(c) shall become the legal owner of the Mortgaged PropertyCollateral or the portion thereof foreclosed. All occupants (except those which have previously executed a prior written agreement with purchaser) of the Mortgaged Property shall, at the option of such purchaser, Collateral or any part thereof shall become tenants at sufferance of the purchaser at the foreclosure sale and shall deliver possession thereof immediately to the purchaser upon demand. It shall not be necessary for , subject to the purchaser at said sale to bring any action for possession rights, if any, of the Mortgaged Property other than the statutory action of forcible detainer in any justice court having jurisdiction over the Mortgaged PropertyTenants.

Appears in 4 contracts

Samples: Assignment and Acceptance Agreement (U-Store-It Trust), Mortgage, Security Agreement (Morgans Hotel Group Co.), Security Agreement (Morgans Hotel Group Co.)

Occupancy After Foreclosure. The purchaser at any foreclosure sale pursuant to Section 4.1(d3.1(d) shall become the legal owner of the Mortgaged Property. All occupants of the Mortgaged Property shall, at the option of such purchaser, become tenants of the purchaser at the foreclosure sale and shall deliver possession thereof immediately to the purchaser upon demand. It shall not be necessary for the purchaser at said sale to bring any action for possession of the Mortgaged Property other than the statutory action of forcible detainer in any justice court having jurisdiction over the Mortgaged Property.

Appears in 2 contracts

Samples: Mortgage and Security Agreement (New York REIT, Inc.), mayafiles.tase.co.il

Occupancy After Foreclosure. The purchaser at any foreclosure sale pursuant to Section 4.1(dParagraph 6.1(d) shall become the legal owner of the Mortgaged PropertyProperty or the portion thereof foreclosed. All occupants (except those which have previously executed a prior written agreement with purchaser) of the Mortgaged Property shall, at the option of such purchaser, or any part thereof shall become tenants at sufferance of the purchaser at the foreclosure sale and shall deliver possession thereof immediately to the purchaser upon demand. It shall not be necessary for the purchaser at said sale to bring any action for possession of the Mortgaged Property other than the statutory action of forcible detainer in any justice court having jurisdiction over the Mortgaged Property.

Appears in 2 contracts

Samples: Record And (Roberts Realty Investors Inc), Record And (Roberts Realty Investors Inc)

Occupancy After Foreclosure. The purchaser at any foreclosure sale pursuant to Section 4.1(d) this Deed of Trust shall become the legal owner of the Mortgaged Property. All occupants of the Mortgaged Property shall, at the option of such purchaser, become tenants of the purchaser at the foreclosure sale and shall deliver possession thereof immediately to the purchaser upon demand. It shall not be necessary for the purchaser at said sale to bring any action for possession of the Mortgaged Property other than the statutory action of forcible detainer in any justice court having jurisdiction over the Mortgaged Property.

Appears in 2 contracts

Samples: M & F Worldwide Corp, M & F Worldwide Corp

Occupancy After Foreclosure. The purchaser at any foreclosure sale pursuant to Section 4.1(d3.1(d) shall become the legal owner of the Mortgaged PropertyProperty (subject to Permitted Encumbrances). All occupants of the Mortgaged Property shall, at the option of such purchaser, become tenants of the purchaser at the foreclosure sale and shall deliver possession thereof immediately to the purchaser upon demand. It shall not be necessary for the purchaser at said sale to bring any action for possession of the Mortgaged Property other than the statutory action of forcible detainer in any justice court having jurisdiction over the Mortgaged Property.

Appears in 2 contracts

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

Occupancy After Foreclosure. The Subject to applicable law, the purchaser at any foreclosure sale pursuant to Section 4.1(d) 4.1.4 shall become the legal owner of the Mortgaged Property. All occupants of the Mortgaged Property shall, at the option of such purchaser, become tenants of the purchaser at the foreclosure sale and shall deliver possession thereof immediately to the purchaser upon demand. It shall not be necessary for the purchaser at said sale to bring any action for possession of the Mortgaged Property other than the statutory action of forcible detainer in any justice court having jurisdiction over the Mortgaged Property.

Appears in 2 contracts

Samples: Credit Agreement (Uap Holding Corp), Ironton Iron Inc

Occupancy After Foreclosure. The purchaser at any foreclosure sale pursuant to Section 4.1(d) 3.1.4 shall become the legal owner of the Mortgaged Property. All occupants of the Mortgaged Property shall, at the option of such purchaser, become tenants of the purchaser at the foreclosure sale and shall deliver possession thereof immediately to the purchaser upon demand. It shall not be necessary for the purchaser at said sale to bring any action for possession of the Mortgaged Property other than the statutory action of forcible detainer in any justice court having jurisdiction over the Mortgaged Property.

Appears in 2 contracts

Samples: Credit Agreement (KAR Auction Services, Inc.), M & F Worldwide Corp

Occupancy After Foreclosure. The purchaser at any foreclosure sale pursuant to Section 4.1(d4.2(d) shall become the legal owner of the Mortgaged Property. All occupants of the Mortgaged Property shall, at the option of such purchaser, become tenants of the purchaser at the foreclosure sale and shall deliver possession thereof immediately to the purchaser upon demand. It shall not be necessary for the purchaser at said sale to bring any action for possession of the Mortgaged Property other than the statutory action of forcible detainer in any justice court having jurisdiction over the Mortgaged Property.

Appears in 2 contracts

Samples: Security Agreement and Fixture Filing (360 Global Wine Co), Behringer Harvard Short Term Opportunity Fund I Lp

Occupancy After Foreclosure. The purchaser at any foreclosure sale pursuant to Section 4.1(d) 4.1.4 shall become the legal owner of the Mortgaged Property. All occupants of the Mortgaged Property shall, at the option of such purchaser, become tenants of the purchaser at the foreclosure sale and shall deliver possession thereof immediately to the purchaser upon demand. It shall not be necessary for the purchaser at said sale to bring any action for possession of the Mortgaged Property other than the statutory action of forcible detainer in any justice court having jurisdiction over the Mortgaged Property.

Appears in 2 contracts

Samples: Intercreditor Agreement (Edgen Murray II, L.P.), Intercreditor Agreement (Edgen Group Inc.)

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Occupancy After Foreclosure. The purchaser at any foreclosure sale pursuant to Section 4.1(d) shall become the legal owner of the Mortgaged Property. All occupants of the Mortgaged Property shall, at the option of such purchaser, become tenants of the purchaser at the foreclosure sale and shall deliver possession thereof immediately to the purchaser upon demand, subject to the terms of any subordination, non-disturbance and attornment agreements binding upon such purchaser and such occupants. It shall not be necessary for the purchaser at said sale to bring any action for possession of the Mortgaged Property other than the statutory action of forcible detainer in any justice court having jurisdiction over the Mortgaged Property.

Appears in 1 contract

Samples: And Consolidated Mortgage and Security Agreement (Metropolis Realty Trust Inc)

Occupancy After Foreclosure. The purchaser at any foreclosure sale pursuant to Section 4.1(d) shall become the legal owner of the Mortgaged Property. All occupants of the Mortgaged Property shall, at the option of such purchaser, become tenants of the purchaser at the foreclosure sale and shall deliver possession thereof immediately to the purchaser upon demand. It shall not be necessary for the purchaser at said sale to bring any action for possession of the Mortgaged Property other than the statutory action of forcible detainer in any justice court having jurisdiction over the Mortgaged Property.. 

Appears in 1 contract

Samples: Mortgage, Security Agreement (Green Plains Inc.)

Occupancy After Foreclosure. (a) The purchaser at any foreclosure sale pursuant to Section 4.1(d) shall become the legal owner of the Mortgaged Property. All occupants of the Mortgaged Property shall, at the option of such purchaser, become tenants of the purchaser at the foreclosure sale and shall shall, subject to the provisions of subsection (b) below, deliver possession thereof immediately to the purchaser upon demand. It shall not be necessary for the purchaser at said sale to bring any action for possession of the Mortgaged Property other than the statutory action of forcible detainer in any justice court having jurisdiction over the Mortgaged Property.

Appears in 1 contract

Samples: Equity Inns Inc

Occupancy After Foreclosure. The purchaser at any foreclosure sale pursuant to Section 4.1(d) Paragraph 7.1.D. shall become the legal owner of the Mortgaged Property. All occupants of the Mortgaged Property shall, at the option of such purchaser, or any part thereof shall become tenants at sufferance of the purchaser at the foreclosure sale and shall deliver possession thereof immediately to the purchaser upon demand. It shall not be necessary for the purchaser at said sale to bring any action for possession of the Mortgaged Property other than the statutory action of forcible detainer in any justice court Justice Court having jurisdiction over the Mortgaged Property.

Appears in 1 contract

Samples: Behringer Harvard Short Term Opportunity Fund I Lp

Occupancy After Foreclosure. The purchaser at any foreclosure sale pursuant to Section 4.1(d) SECTION 4.1.4 shall become the legal owner of the Mortgaged Property. All occupants of the Mortgaged Property shall, at the option of such purchaser, become tenants of the purchaser at the foreclosure sale and shall deliver possession thereof immediately to the purchaser upon demand. It shall not be necessary for the purchaser at said sale to bring any action for possession of the Mortgaged Property other than the statutory action of forcible detainer in any justice court having jurisdiction over the Mortgaged Property.

Appears in 1 contract

Samples: Del Laboratories Inc

Occupancy After Foreclosure. The purchaser at any foreclosure sale shall pursuant to Section 4.1(d) shall the terms hereof become the legal owner of the Mortgaged Property. All occupants of the Mortgaged Property shall, at the option of such purchaser, become tenants of the purchaser at the foreclosure sale and shall deliver possession thereof immediately to the purchaser upon demand. It shall not be necessary for the purchaser at said sale to bring any action for possession of the Mortgaged Property other than the statutory action of forcible detainer in any justice court having jurisdiction over the Mortgaged Property.

Appears in 1 contract

Samples: Security Agreement (Behringer Harvard Reit I Inc)

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