Assumption Sellers definition
Assumption Sellers means those Sellers who own the Assumption Properties and are obligated as borrowers under the Assumed Loans.
Examples of Assumption Sellers in a sentence
The Assumed Encumbrances for each of the Assumption Properties, together with the underlying Notes and any other documents executed by the Assumption Sellers are collectively referred to herein as, the “Assumed Loan Documents”.
Purchaser recognizes and agrees that each of the Assumption Properties is presently encumbered by a Deed of Trust and certain other security and related documents (collectively, the “Assumed Encumbrances”) in connection with loans made to the Assumption Sellers by the applicable Assumption Lender set forth on the Seller Information Schedule.