Common use of Effect of Foreclosure Clause in Contracts

Effect of Foreclosure. In the event of a transfer under subsection 34.1.2., the Encumbrance Holder shall forthwith give notice to County in writing of any such transfer setting forth the name and address of the transferee and the effective date of such transfer, together with a copy of the document by which such transfer was made. 34.1.3.1. Any transferee under the provisions of subsection

Effect of Foreclosure. In the event of a transfer under subsection 34.1.2.13.1.2, the Encumbrance Holder shall forthwith give notice to County in writing of any such transfer setting forth the name and address of the transferee and the effective date of such transfer, together with a copy of the document by which such transfer was made. 34.1.3.113.1.3.1. Any transferee under the provisions of subsectionsubsection 13. 1.2.1 shall be liable to perform the full obligations of Concessionaire under this Agreement until a subsequent transfer of the Agreement approved by County. 13.1.3.2. Any subsequent transferee under the provisions of subsection 13.