Common use of Right to Terminate Proceedings Clause in Contracts

Right to Terminate Proceedings. Lender may terminate or rescind any proceeding or other action brought in connection with its exercise of the remedies provided in Section 13.02 at any time before the conclusion thereof, as determined in Lender’s sole discretion and without prejudice to Lender.

Appears in 18 contracts

Samples: Ashford Hospitality Trust Inc, Mortgage and Security Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.), Loan Agreement (Mack Cali Realty Corp)

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Right to Terminate Proceedings. Lender may terminate or rescind any proceeding or other action brought in connection with its exercise of the remedies provided in Section 13.02 3.02 at any time before the conclusion thereof, as determined in Lender’s sole discretion and without prejudice to Lender.

Appears in 12 contracts

Samples: Loan and Security Agreement (Ashford Hospitality Trust Inc), Loan and Security Agreement (Ashford Hospitality Trust Inc), Loan and Security Agreement (Morgans Hotel Group Co.)

Right to Terminate Proceedings. Lender may terminate or rescind any proceeding or other action brought in connection with its exercise of the remedies provided in Section 13.02 at any time before the conclusion thereof, as determined in Lender’s Xxxxxx's sole discretion and without prejudice to Lender.

Appears in 3 contracts

Samples: Parkway Properties Inc, U Haul International Inc, U Haul International Inc

Right to Terminate Proceedings. Lender may terminate or rescind any proceeding or other action brought in connection with its exercise of the remedies provided in Section 13.02 3.02 at any time before the conclusion thereof, as determined in Lender’s 's sole discretion and without prejudice to Lender.

Appears in 3 contracts

Samples: Loan and Security Agreement (CNL Hotels & Resorts, Inc.), Loan and Security Agreement (CNL Hotels & Resorts, Inc.), Loan and Security Agreement (CNL Hotels & Resorts, Inc.)

Right to Terminate Proceedings. Lender may terminate or rescind may, at any time before conclusion of any proceeding or other action brought in connection with its exercise of the remedies provided for in Section 13.02 at any time before the conclusion thereofParagraph 5, as determined in Lender’s sole discretion and terminate, without prejudice to Lender, such proceedings or actions.

Appears in 2 contracts

Samples: Bluerock Residential Growth REIT, Inc., Grubb & Ellis Healthcare REIT II, Inc.

Right to Terminate Proceedings. Lender may terminate or rescind any proceeding or other action brought in connection with its exercise of the remedies provided in Section 13.02 at any time before the conclusion thereof, as determined in Lender’s 's sole discretion and without prejudice to Lender.

Appears in 2 contracts

Samples: Loan and Security Agreement (Etre Reit, LLC), Mortgage, Security Agreement (CNL Hotels & Resorts, Inc.)

Right to Terminate Proceedings. Lender may terminate or rescind any proceeding or other action brought in connection with its exercise of the remedies provided in Section 13.02 herein at any time before the conclusion thereof, as determined in Lender’s sole discretion and without prejudice to Lender.

Appears in 1 contract

Samples: Loan Agreement (Carter Validus Mission Critical REIT, Inc.)

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Right to Terminate Proceedings. Lender may terminate or rescind may, in its sole unfettered discretion, at any time before conclusion of any proceeding or other action brought in connection with its exercise of the remedies provided for in Section 13.02 at any time before the conclusion thereofParagraph 8.2, as determined in Lender’s sole discretion and terminate, without prejudice to Lender, such proceedings or actions, subject to I.C. 45-1506A, regarding the postponement of any trustee’s sale.

Appears in 1 contract

Samples: Grubb & Ellis Healthcare REIT II, Inc.

Right to Terminate Proceedings. Lender may terminate or rescind may, in its sole unfettered discretion, at any time before conclusion of any proceeding or other action brought in connection with its exercise of the remedies provided for in Section 13.02 at any time before the conclusion thereofParagraph 9.2, as determined in Lender’s sole discretion and terminate, without prejudice to Lender, such proceedings or actions.

Appears in 1 contract

Samples: Micro Linear Corp /Ca/

Right to Terminate Proceedings. Lender may terminate or rescind any proceeding or other action brought in connection with its exercise of the remedies provided in Section 13.02 at any time before the conclusion thereof, as determined in Lender’s sole discretion and without prejudice to Lender.in

Appears in 1 contract

Samples: Loan and Security Agreement (CNL Hotels & Resorts, Inc.)

Right to Terminate Proceedings. Lender may terminate or rescind may, in its sole unfettered discretion, at any time before conclusion of any proceeding or other action brought in connection with its exercise of the remedies provided for in Section 13.02 at any time before the conclusion thereofParagraph 8.2, as determined in Lender’s sole discretion and terminate, without prejudice to Lender, such proceedings or actions.

Appears in 1 contract

Samples: Deed of Trust and Security Agreement (Bluerock Residential Growth REIT, Inc.)

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