Greater Estate. In the event that Grantor is the owner of a leasehold estate with respect to any portion of the Premises and Grantor obtains a fee estate in such portions of the Premises, then, such fee estate shall automatically, and without further action of any kind on the part of the Grantor, be and become subject to the security title and lien hereof.
Appears in 2 contracts
Samples: Trust and Security Agreement, Trust and Security Agreement (Comstock Homebuilding Companies, Inc.)
Greater Estate. In the event that Grantor is the owner of a leasehold estate with respect to any portion of the Premises and Grantor obtains a fee estate in such portions of the Premises, then, such fee estate shall automatically, and without further action of any kind on the part of the Grantor, be and become subject to the security title and lien hereof.
Appears in 1 contract
Samples: Security Agreement (Fountain Powerboat Industries Inc)
Greater Estate. In the event that Grantor is the owner of a leasehold estate with respect to any portion of the Premises Land and/or the Improvements and Grantor obtains a fee estate in such portions of the PremisesLand and/or the Improvements, then, such fee estate shall automatically, and without further action of any kind on the part of the Grantor, be and become subject to the security title and lien hereof.
Appears in 1 contract
Samples: Security Agreement and Fixture Filing (Dixie Group Inc)
