Common use of Right to Foreclose Clause in Contracts

Right to Foreclose. Subject to the rights of the Lessor under the Lease Documents and the Senior Credit Documents, 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 3 contracts

Sources: Shortfall Funding Agreement (Balanced Care Corp), Shortfall Funding Agreement (Balanced Care Corp), Shortfall Funding Agreement (Balanced Care Corp)