Common use of Refinance Clause in Contracts

Refinance. For purposes of this Agreement, “Refinance” means any voluntary or involuntary refinancing, encumbrance, or other hypothecation of the Property, including, without limitation, any encumbrance of the Property by a mortgage or deed of trust that is recorded after this Agreement. Any Refinance of the Property will be subject to the conditions set forth in this Agreement.

Appears in 3 contracts

Sources: Resale Restriction Agreement and Option to Purchase, Resale Restriction Agreement, Property Restriction Agreement and Option to Purchase