Common use of Power of Sale Clause in Contracts

Power of Sale. Without limiting any other remedies set forth in this Lease, Lessor and Lessee agree that Lessee has granted, pursuant to Section 7.1(b) hereof and each Lease Supplement, a Lien against the Properties WITH POWER OF SALE, and that, upon the occurrence and during the continuance of any Lease Event of Default, Lessor shall have the power and authority, to the extent provided by law, after prior notice and lapse of such time as may be required by law, to foreclose its interest (or cause such interest to be foreclosed) in all or any part of the Properties.

Appears in 9 contracts

Samples: Lease Agreement (Healthsouth Corp), Lease Agreement (Sterile Recoveries Inc), Lease Agreement (Sunrise Assisted Living Inc)

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Power of Sale. (a) Without limiting any other remedies set forth in this Lease, Lessor and Lessee agree that Lessee has grantedherein grants and grants, pursuant to Section 7.1(b) hereof and each Lease Supplement, a Lien against the Properties Property WITH POWER OF SALESALE to the extent permitted by law, and that, upon the occurrence and during the continuance of any Lease Event of Default, Lessor shall have the power and authority, to the extent provided by law, after prior notice and lapse of such time as may be required by law, to foreclose its interest (or cause such interest to be foreclosed) in all or any part of the PropertiesProperty.

Appears in 2 contracts

Samples: Lease Agreement (Convergys Corp), Lease Agreement (Convergys Corp)

Power of Sale. Without limiting any other remedies set forth in this Lease, Lessor and Lessee agree that Lessee has granted, pursuant to Section 7.1(b) hereof and each the Lease Supplement, a Lien against the Properties Property WITH POWER OF SALE, and that, upon the occurrence and during the continuance of any Lease Event of Default, Lessor shall have the power and authority, to the extent provided by law, after prior notice and lapse of such time as may be required by law, to foreclose its interest (or cause such interest to be foreclosed) in all or any part of the Properties.the

Appears in 1 contract

Samples: Lease Agreement (Catalina Marketing Corp/De)

Power of Sale. Without limiting any other remedies set forth in this Lease, Lessor and Lessee agree that Lessee has granted, pursuant to Section 7.1(b) hereof and each Lease Supplement, a Lien against the Properties WITH POWER OF SALE, and that, upon the occurrence and during the continuance of any Lease Event of Default, Lessor shall have the power and authority, to the extent provided by lawLaw, after prior notice and lapse of such time as may be required by lawLaw, to foreclose its interest (or cause such interest to be foreclosed) in all or any part of the Properties.

Appears in 1 contract

Samples: Credit Agreement (Franklin Resources Inc)

Power of Sale. (a) Without limiting any other remedies set forth in this Lease, Lessor and Lessee agree that Lessee has granted, pursuant to Section 7.1(b) hereof and each the Lease Supplement, a Lien against the Properties Property WITH POWER OF SALE, and that, upon the occurrence and during the continuance of any Lease Event of Default, Lessor shall have the power and authority, to the extent provided by law, after prior notice and lapse of such time as may be required by law, to foreclose its interest (or cause such interest to be foreclosed) in all or any part of the PropertiesProperty.

Appears in 1 contract

Samples: Lease Agreement (Human Genome Sciences Inc)

Power of Sale. (a) Without limiting any other remedies set forth in this Lease, . Lessor and Lessee agree that Lessee has granted, pursuant to Section 7.1(b) hereof and each the Lease Supplement, a Lien against the Properties Property WITH POWER OF SALE, and that, upon the occurrence and during the continuance of any Lease Event of Default, Lessor shall have the power and authority, to the extent provided by law, after prior notice and lapse of such time as may be required by law, to foreclose its interest (or cause such interest to be foreclosed) in all or any part of the PropertiesProperty.

Appears in 1 contract

Samples: Lease Agreement (Toys R Us Inc)

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Power of Sale. Without limiting any other remedies set forth in this Lease, Lessor and Lessee agree that Lessee has granted, pursuant to Section 7.1(b) hereof and each Lease Supplement, a Lien against the Properties Property WITH POWER OF SALE, and that, upon the occurrence and during the continuance of any Lease Event of Default, Lessor shall have the power and authority, to the extent provided by law, after prior notice and lapse of such time as may be required by law, to foreclose its interest (or cause such interest to be foreclosed) in all or any part portion of the PropertiesProperty.

Appears in 1 contract

Samples: Master Lease Agreement (Veritas Software Corp /De/)

Power of Sale. Without limiting any other remedies set forth in this Lease, Lessor and Lessee agree that Lessee has granted, pursuant to Section 7.1(b) hereof and each Lease Supplement, a Lien against the Properties WITH POWER OF SALESALE OR OTHERWISE, and that, upon the occurrence and during the continuance of any Lease Event of Default, Lessor shall have the power and authority, to the extent provided by law, after prior notice and lapse of such time as may be required by law, to foreclose its interest (or cause such interest to be foreclosed) in all or any part of the Properties.

Appears in 1 contract

Samples: Lease Agreement (Pep Boys Manny Moe & Jack)

Power of Sale. Without limiting any other remedies set forth in this Lease, Lessor and Lessee agree that Lessee has granted, pursuant to Section 7.1(b7.1 (b) hereof and each Lease Supplement, a Lien against the Properties WITH POWER OF SALE, and that, upon the occurrence and during the continuance of any Lease Event of Default, Lessor shall have the power and authority, to the extent provided by law, after prior notice and lapse of such time as may be required by law, to foreclose its interest (or cause such interest to be foreclosed) in all or any part of the Properties.

Appears in 1 contract

Samples: Master Lease Agreement (Veritas Software Corp /De/)

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