Purchase by Grantee. Upon any foreclosure sale, Grantee, on behalf of the Lenders, may bid for and purchase the Property and shall be entitled to apply all or any part of the Secured Obligations secured hereby as a credit to the purchase price.
Appears in 2 contracts
Samples: And Security Agreement (Koger Equity Inc), And Security Agreement (Koger Equity Inc)
Purchase by Grantee. Upon any foreclosure sale, Grantee, on behalf of the Lenders, Grantee may bid for and purchase that portion of or interest in the Property Premises then being so sold, and shall be entitled to apply all or any part of the Secured Obligations indebtedness secured hereby as a credit to the purchase price.
Appears in 1 contract
Purchase by Grantee. Upon any foreclosure sale, Grantee, on behalf of the Lenders, Grantee may bid for and purchase the Property Premises and shall be entitled to apply all or any part of the Secured Obligations indebtedness secured hereby as a credit to the purchase price.
Appears in 1 contract
Samples: Debt and Security Agreement (Jacor Communications Inc)
