Common use of Successor’s Rights Clause in Contracts

Successor’s Rights. Any Person that acquires title to any Property, the Chattels, the Intangible Personalty or the other Collateral upon foreclosure or deed in lieu of foreclosure hereunder will succeed to all of Borrowers’ rights under all policies of insurance maintained pursuant to this Section 5.1.16 with regard to such Property.

Appears in 1 contract

Samples: Loan Agreement (Plymouth Industrial REIT Inc.)

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Successor’s Rights. Any Person that person who acquires title to any Property, the Chattels, the Intangible Personalty Property or the other Collateral upon foreclosure or deed in lieu of foreclosure hereunder will succeed to all of Borrowers’ Borrower’s rights under all policies of insurance maintained pursuant to this Section 5.1.16 with regard section, including, without limitation, all rights to all claims under all such Propertyinsurance policies regardless of the nature of such claim or when such claim arose.

Appears in 1 contract

Samples: SHARING SERVICES GLOBAL Corp

Successor’s Rights. Any Person that person who acquires title to any Property, the Chattels, the Intangible Personalty Property or the other Collateral Chattels upon foreclosure hereunder, by deed-in-lieu thereof, or deed in lieu of foreclosure hereunder upon execution following judgment upon the Note will succeed to all of Borrowers’ Borrower’s rights under all policies of insurance maintained pursuant to this Section 5.1.16 with regard to such PropertySection.

Appears in 1 contract

Samples: Postal Realty Trust, Inc.

Successor’s Rights. Any Person that acquires title to any the Property, the Chattels, the Intangible Personalty or the other Collateral (or any portion thereof) upon foreclosure or deed in or assignment-in-lieu of foreclosure hereunder will succeed to all of Borrowers’ rights under all applicable policies of insurance maintained pursuant to this Section 5.1.16 with regard to such PropertyArticle 9.

Appears in 1 contract

Samples: Loan Agreement (GTJ Reit, Inc.)

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Successor’s Rights. Any Person that person who acquires title to any Property, the Chattels, the Intangible Personalty Property or the other Collateral upon foreclosure or deed in lieu of foreclosure hereunder will succeed to all of Borrowers’ Trustor's rights under all policies of insurance maintained pursuant to this Section 5.1.16 with regard section, including, without limitation, all rights to all claims under all such Propertyinsurance policies regardless of the nature of such claim or when such claim arose.

Appears in 1 contract

Samples: After Recording (Asset Investors Corp)

Successor’s Rights. Any Person that acquires title to any Property, the Chattels, the Intangible Personalty Property or the other Collateral Chattels upon foreclosure or deed in lieu of foreclosure hereunder will succeed to all of Borrowers’ rights under all policies of insurance maintained pursuant to this Section 5.1.16 with regard to such Property.Section. 60

Appears in 1 contract

Samples: Loan Agreement (GTJ REIT, Inc.)

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