Common use of Discretion to Encumber Clause in Contracts

Discretion to Encumber. This Agreement shall not prevent or limit Owner in any manner at Owner’s sole discretion, from encumbering the Property, or any portion of the Property, or any improvement on the Property, by any mortgage, deed of trust, or other security device securing financing with respect to the Property or its improvement.

Appears in 2 contracts

Samples: Development Agreement, Development Agreement

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Discretion to Encumber. This Agreement shall not prevent or limit Owner Owner, in any manner manner, at Owner’s 's sole discretion, from encumbering the Property, some or any portion all of the Property, or Property and/or any improvement on the Property, Property by any mortgage, deed of trust, or other security device securing financing with respect related to the Property or its improvementthe Project.

Appears in 2 contracts

Samples: Development Agreement, Development Agreement

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