Real Property Collateral; Judicial Reference. Notwithstanding anything herein to the contrary, no dispute shall be submitted to arbitration if the dispute concerns indebtedness secured directly or indirectly, in whole or in part, by any real property unless the holder of the mortgage, lien or security interest specifically elects in writing to proceed with the arbitration.
Appears in 1 contract
Sources: Senior Subordinated Note Purchase and Security Agreement (Physicians Formula Holdings, Inc.)
Real Property Collateral; Judicial Reference. Notwithstanding anything herein to the contrary, no dispute Dispute shall be submitted to arbitration if the dispute Dispute concerns indebtedness secured directly or indirectly, in whole or in part, by any real property unless (i) the holder of the mortgage, lien or security interest specifically elects in writing to proceed with the arbitration., or (ii) all parties to the arbitration waive any rights or benefits that might accrue to them by virtue of the
Appears in 1 contract