No Merger of Interests. Unless expressly provided otherwise, in the event that ownership hereof and title to the fee and/or leasehold estates in the Premises encumbered hereby shall become vested in the same person or entity, this Mortgage shall not merge in said title but shall continue to be and remain a valid and subsisting lien on said estates in the Premises for the amount secured hereby.
No Merger of Interests. Neither the fee title to the property demised by the Lease nor the leasehold estate created by the Lease shall merge, but shall always remain separate and distinct, notwithstanding the union of the aforesaid estates either in the lessor or the Mortgagor under the Lease or in a third party by purchase or otherwise, unless the Mortgagee shall, at its option, execute and record a document evidencing its intent to merge such estates. If the Mortgagor acquires the fee title or any other estate, title or interest in any Property covered Mortgage by the Lease, this Mortgage shall attach to, be a Lien upon and spread to the fee title or such other estate so acquired, and such fee title or other estate shall, without further assignment, mortgage or conveyance, become and be subject to the Lien of this Mortgage. The Mortgagor shall notify the Mortgagee of any such acquisition by the Mortgagor and, on written request by the Mortgagee, shall cause to be executed and recorded all such other and further assurances or other instruments in writing as may in the opinion of the Mortgagee be required to carry out the intent and meaning hereof.
No Merger of Interests. There will be no merger of the leasehold and fee estates if any party acquires both interests, unless PERS consents in writing to a merger.
No Merger of Interests. 10.5.1. The rights and interests of each party under this Agreement as the Owner of any individual Lot are separate and distinct from its rights and interests under this Agreement as the Owner of any other Lot. The fact that all interests in one or more Lots may, as of the Effective Date, be vested in one party, will not cause a merger of those interests or any extinguishment of this Agreement or the rights and interests created by this Agreement. It is intended that no such merger occur and this Agreement remain in full force and effect from and after the Effective Date.
No Merger of Interests. The leasehold estates under this Site Lease and the Lease shall not merge, whether by the exercise of any right or remedy hereunder or thereunder, by operation of law, or otherwise.
No Merger of Interests. The delivery, acceptance and/or recording of the Instruments of Conveyance and the receipt of the amounts specified in this Agreement by the Lender shall not in any way or manner whatsoever:
