Single Economic Unit Sample Clauses
Single Economic Unit. Mortgagor acknowledges that the Mortgaged Property constitutes a single economic entity that is located in both Massachusetts and New Hampshire, and Mortgagor agrees that without limiting any of the rights or remedies hereunder of the Mortgagee, the Mortgagee, in its sole discretion, may sell the Mortgaged Property or some part thereof that transverses state border lines as a single parcel or entity at a single sale or at different sales, in Massachusetts or New Hampshire, contingent upon the same purchaser purchasing the single parcel or entity. In addition, without limiting any of the foregoing, Mortgagee may sell the Real Estate and the Improvements and any other real property included in the Mortgaged Property either together with or separate from the personal property that is subject to a security interest under the Uniform Commercial Code in effect in New Hampshire and Massachusetts. All covenants and conditions contained in this Mortgage shall be construed as affording to the Mortgagee rights additional to, and separate from, the rights conferred by the incorporation herein of the STATUTORY CONDITIONS AND STATUTORY POWERS OF SALE under the laws of New Hampshire and Massachusetts.