Common use of Easements and Rights-of-Way Clause in Contracts

Easements and Rights-of-Way. Lender agrees to execute such documents and instruments (in form reasonably satisfactory to Lender) as Borrower may reasonably request in connection with the granting by Borrower of easements and rights of way to public or quasi public authorities, utility companies and others in, over, through and under the Property, including without limitation affirming to the grantee of such easements and rights of way that this Mortgage will be subordinate to the grantee's interest therein; provided, however, no such document, instrument or grant shall decrease (in Lender's reasonable discretion) the value of the Property.

Appears in 3 contracts

Samples: And Security Agreement (Balanced Care Corp), Rents and Security Agreement (Balanced Care Corp), And Security Agreement (Balanced Care Corp)

AutoNDA by SimpleDocs

Easements and Rights-of-Way. Lender agrees to execute such documents and instruments (in form reasonably satisfactory to Lender) as Borrower may reasonably request in connection with the granting by Borrower of easements and rights of way to public or quasi public authorities, utility companies and others in, over, through and under the Property, including without limitation affirming to the grantee of such easements and rights of way that this Mortgage will be subordinate to the grantee's interest therein; provided, however, no such document, 18 instrument or grant shall decrease (in Lender's reasonable discretion) the value of the Property.

Appears in 1 contract

Samples: Rents and Security Agreement (Balanced Care Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.