Non-Merger of Estates. The interests of Landlord and Tenant in the Fairgrounds shall at all times be separate and apart, and shall in no event be merged, notwithstanding the fact that this Lease Agreement or the Leasehold Estate created thereby, or any interest therein, may be held directly or indirectly by or for the account of the same Person who shall own the fee title to the Fairgrounds or any portion thereof; and no such merger of estates shall occur by operation of law, or otherwise, unless and until all Persons at the time having any interest in the Fairgrounds, shall join in the execution of a written instrument effecting such merger of estates.
Appears in 2 contracts
Samples: Lease Agreement, Lease Agreement
Non-Merger of Estates. The interests of Landlord and Tenant in the Fairgrounds Leased Premises shall at all times be separate and apart, and shall in no event be merged, notwithstanding the fact that this Lease Agreement or the Leasehold Estate created therebyhereby, or any interest therein, may be held directly or indirectly by or for the account of the same Person who shall own the fee title to the Fairgrounds Leased Premises or any portion thereof; and no such merger of estates shall occur by operation of law, or otherwise, unless and until all Persons at the time having any interest in the Fairgrounds, Leased Premises shall join in the execution of a written instrument effecting such merger of estates.
Appears in 2 contracts
Samples: Lease Agreement, Ground Lease Agreement
Non-Merger of Estates. The interests of Landlord and Tenant in the Fairgrounds Leased Premises shall at all times be separate and apart, and shall in no event be merged, notwithstanding the fact that this Lease Agreement or the Leasehold Estate leasehold estate created therebyhereby, or any interest therein, may be held directly or indirectly by or for the account of the same Person any person who shall own the fee title to the Fairgrounds Leasehold, or any portion thereof; and no such merger of estates shall occur by operation of law, or otherwise, unless and until all Persons persons at the time having any interest in the FairgroundsLeased Premises, including any Leasehold Mortgagee, shall join in the execution of a written instrument effecting such merger of estates.
Appears in 1 contract
Samples: Ground Lease Agreement
Non-Merger of Estates. (a) The interests of Landlord and Tenant in the Fairgrounds Leased Premises shall at all times be separate and apart, and shall in no event be merged, notwithstanding the fact that this Lease Agreement or the Leasehold Estate leasehold estate created therebyhereby, or any interest thereinin either thereof, may be held directly or indirectly by or for the account of the same Person any person who shall own the fee title to the Fairgrounds Leased Premises, or any portion thereof; and no such merger of estates shall occur by operation of law, or otherwise, unless and until all Persons persons at the time having any interest in the Fairgrounds, Leased Premises shall join in the execution of a written instrument effecting such merger of estates.
Appears in 1 contract
Samples: Ground Lease (Charys Holding Co Inc)