Common use of Freehold Interest in the Property Clause in Contracts

Freehold Interest in the Property. Unless the Lender otherwise expressly consents in writing, which consent shall not be unreasonably withheld or delayed, the freehold estate in the Property and the leasehold estate demised by the Ground Leases, respectively, shall not merge but shall always remain, respectively, separate and distinct notwithstanding the union of such estates either in the respective landlords or, any Obligor.

Appears in 6 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

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