Examples of Foreclosure Proceeding in a sentence
Mortgagor acknowledges that it may be necessary or desirable for Lender to amend, supplement or assign its rights under the Foreclosure Proceeding prior to a final judgment of foreclosure being entered by the Court and in connection with any Quiet Title proceeding, and hereby consents to any such amendment, supplement or assignment and, at the Lender’s sole and exclusive option, to the appointment of a receiver for the Property in the Foreclosure Proceeding.
In the event of a Foreclosure Proceeding, Comerica will not name Perimeter as a party defendant so as to terminate or disturb the Perimeter Sublease, the Operations / Lease Agreement, Main Lease or Perimeter Sublease or to obtain a judgment against Ford Leasing or Perimeter in any Foreclosure Proceeding.
Any sale conducted pursuant to any Foreclosure Proceeding shall be expressly subject to the Perimeter Sublease, the Operations / Lease Agreement, Main Lease and Perimeter Sublease; and any Purchaser shall assume all duties and obligations of Owner under the Main Lease, Perimeter Sublease and Operations / Lease Agreement.
Upon the earlier to occur of (y) one hundred eighty (180) days after the Collection Date, and (z) the conclusion of the applicable Foreclosure Proceeding, amounts deposited into the Individual Guarantor Collateral Account along with the interest accrued on such amounts shall be applied to the outstanding amount of the Debtor Liabilities.
Purchaser acknowledges that the Mortgagee has been authorized by the Court in the Mortgage Foreclosure Proceeding to take certain actions with respect to the Properties, including certain actions with respect to the management, operation and leasing of the Properties.