Purchase by Bank. Upon any foreclosure sale or sale of all or any portion of the Mortgaged Property under the power herein granted, Bank may bid for and purchase the Mortgaged Property and shall be entitled to apply all or any part of the Obligations as a credit to the purchase price.
Appears in 4 contracts
Samples: Trust and Security Agreement, Mortgage and Security Agreement (CNL Healthcare Properties II, Inc.), Trust and Security Agreement (CNL Healthcare Properties, Inc.)
Purchase by Bank. Upon any foreclosure sale or sale of all or any portion of the Mortgaged Property under the power herein grantedsale, Bank may bid for and purchase the Mortgaged Property and shall be entitled to apply all or any part of the Obligations any obligation secured hereby as a credit to the purchase price.
Appears in 1 contract
Samples: Security Agreement (Universal Logistics Holdings, Inc.)
