No Merger of Estates. (i) If Borrower acquires the Fee Estate, there will be no merger between the Fee Estate and the Leasehold Estate unless all Persons, including Funding Lender, having an interest in the Ground Lease consent in writing to the merger.
Appears in 2 contracts
Samples: Continuing Covenant Agreement, Continuing Covenant Agreement
No Merger of Estates. (i) If Borrower acquires the Fee Estate, there will be no merger between the Fee Estate and the Leasehold Estate unless all Persons, including Funding Lender, having an interest in the Ground Lease consent in writing to the merger.
Appears in 1 contract
No Merger of Estates. (i) If Borrower acquires the Fee Estate, there will be no merger between the Fee Estate and the Leasehold Estate unless all Persons, including Funding Lender, having an interest in the Ground Lease consent Lender consents in writing to the merger.
Appears in 1 contract
Samples: Construction Loan Agreement (Stratus Properties Inc)
