Common use of Discretion to Encumber Clause in Contracts

Discretion to Encumber. This Agreement shall not prevent or limit Owner, in any manner, at Owner's sole discretion, from encumbering some or all of the Property and/or any improvement on the Property by any mortgage, deed of trust, or other security device securing financing related to the Property or the Project.

Appears in 2 contracts

Samples: Development Agreement, Development Agreement

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Discretion to Encumber. This Agreement shall not prevent or limit Owner, Owner in any manner, manner at Owner's ’s sole discretion, from encumbering some the Property, or all any portion of the Property and/or Property, or any improvement on the Property Property, by any mortgage, deed of trust, or other security device securing financing related with respect to the Property or the Projectits improvement.

Appears in 2 contracts

Samples: Development Agreement, Development Agreement

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