Common use of Existing Financing Clause in Contracts

Existing Financing. Seller shall continue to make all payments required under the terms of any existing financing on the Property and shall not suffer or permit a default to arise thereunder.

Appears in 2 contracts

Sources: Property Purchase Agreement, Property Purchase Agreement (Pope Resources LTD Partnership)

Existing Financing. Seller shall continue to make all payments required under the terms of any existing financing on the Property or otherwise related its activities thereon and shall not suffer a default or permit a any default to arise thereunder.

Appears in 1 contract

Sources: Purchase and Sale Agreement