Right to Foreclose. BCC may foreclose upon the Lease, take immediate possession of the Facility and Property and operate the Property, all in accordance with the terms and conditions of the Leasehold Mortgage.
Appears in 6 contracts
Samples: Shortfall Funding Agreement (Balanced Care Corp), Shortfall Funding Agreement (Balanced Care Corp), Shortfall Funding Agreement (Balanced Care Corp)
Right to Foreclose. BCC may foreclose upon the Lease, take immediate possession of the Facility Project and Property and operate the Property, all in accordance with the terms and conditions of the Second Leasehold Mortgage. Provided, however, BCC shall exercise its rights hereunder only in conformance with the Working Capital Agreement and the Subordination Agreement.
Appears in 1 contract
Right to Foreclose. BCC may foreclose upon the Lease, take immediate possession of the Facility Project and Property and operate the Property, all in accordance with the terms and conditions of the Leasehold MortgageSecond Deed of Trust. Provided, however, BCC shall exercise its rights hereunder only in conformance with the Working Capital Agreement and the Subordination Agreement.
Appears in 1 contract
Right to Foreclose. BCC may foreclose upon the Lease, take immediate possession of the Facility and Property and operate the Property, all in accordance with the terms and conditions of the Leasehold Mortgage, the Lease and the other Lease Documents.
Appears in 1 contract
Samples: Form of Shortfall Funding Agreement (Balanced Care Corp)
