Common use of Right to Deal Clause in Contracts

Right to Deal. In the event that ownership of the Mortgaged Property becomes vested in a Person other than Grantor, Mortgagee may, without notice to Grantor, deal with such successor or successors in interest with reference to this Mortgage or the Note Obligations in the same manner as with Grantor, without in any way vitiating or discharging Grantor’s or Borrower’s liability hereunder or for the payment or performance of the Note Obligations or being deemed a consent to such vesting.

Appears in 2 contracts

Samples: Non Disturbance and Attornment Agreement (Aventine Renewable Energy Holdings Inc), Non Disturbance and Attornment Agreement (Aventine Renewable Energy Holdings Inc)

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Right to Deal. In the event that ownership of the Mortgaged Property becomes vested in a Person other than Grantor, Mortgagee may, without notice to Grantor, deal with such successor or successors in interest with reference to this Mortgage or the Note Secured Obligations in the same manner as with Grantor, without in any way vitiating or discharging Grantor’s 's or Borrower’s 's liability hereunder or for the payment or performance of the Note Secured Obligations or being deemed a consent to such vesting.

Appears in 1 contract

Samples: Security Agreement (Verasun Energy Corp)

Right to Deal. In the event that ownership of the Mortgaged Property becomes vested in a Person person other than Grantor, Mortgagee Trustee and Beneficiary may, without notice to Grantor, deal with such successor or successors in interest with reference to this Mortgage Deed of Trust or the Note Obligations in the same manner as with Grantor, without in any way vitiating or discharging Grantor’s or Borrower’s 's liability hereunder or for the payment or performance of the Note Obligations or being deemed a consent to such vesting. SECTION 7.05.

Appears in 1 contract

Samples: Emeritus Corp\wa\

Right to Deal. In the event that ownership of the Mortgaged Property becomes vested in a Person person other than Grantor, Trustee and Mortgagee may, without notice to Grantor, deal with such successor or successors in interest with reference to this Mortgage or the Note Obligations in the same manner as with Grantor, without in any way vitiating or discharging Grantor’s or Borrower’s 's liability hereunder or for the payment or performance of the Note Obligations or being deemed a consent to such vesting. SECTION 7.05.

Appears in 1 contract

Samples: Emeritus Corp\wa\

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Right to Deal. In the event that ownership of the Mortgaged Property becomes vested in a Person person other than Grantor, Mortgagee Trustee and Beneficiary may, without notice to Grantor, deal with such successor or successors in interest with reference to this Mortgage Deed of Trust or the Note Obligations in the same manner as with Grantor, without in any way vitiating or discharging Grantor’s or Borrower’s 's liability hereunder or for the payment or performance of the Note Obligations or being deemed a consent to such vesting.. 33

Appears in 1 contract

Samples: Facility Lease Agreement (Emeritus Corp\wa\)

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