Right of Subrogation. Beneficiary is subrogated to the rights, whether legal or equitable, of all beneficiaries, mortgagees, lienholders and owners directly or indirectly paid off or satisfied in whole or in part by any proceeds advanced by Beneficiary under the Loan Documents, regardless of whether these parties assigned or released of record their rights or liens upon payment.
Appears in 4 contracts
Samples: Ids Shurgard Income Growth Partners L P Ii, Pacific Aerospace & Electronics Inc, Pacific Aerospace & Electronics Inc
Right of Subrogation. Beneficiary is subrogated to the rights, whether legal or equitable, of all beneficiaries, mortgagees, lienholders and owners directly or indirectly paid off or satisfied in whole or in part by any proceeds advanced by Beneficiary under the Loan Documents, regardless of whether these such parties assigned or released of record their rights or liens upon payment.
Appears in 3 contracts
Samples: www.oregon.gov, Construction Loan Agreement (Coeur D Alenes Co /Ia/), Construction Loan Agreement (Coeur D Alenes Co /Ia/)