Common use of Preferred Equity Clause in Contracts

Preferred Equity. Any preferred equity issued in accordance with Section 8(g) of the Security Instrument and that certain Lender Acknowledgement and Intercreditor Agreement dated as of April 17, 2007, by and between Original Borrower, LaSalle Bank National Association, as Trustee under the Pooling and Servicing Agreement dated as of March 1, 2007, and others, will be paid in full on the Acquisition Date (as hereinafter defined), and, if requested by Lender, Original Borrower shall provide Lender with evidence of the same on the Acquisition Date.

Appears in 3 contracts

Samples: Note and Mortgage Assumption Agreement, Joinder by and Agreement (American Realty Capital Healthcare Trust Inc), Note and Mortgage Assumption Agreement (American Realty Capital Healthcare Trust Inc)

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