Common use of Liquidation etc Clause in Contracts

Liquidation etc. The liquidation, termination, dissolution, merger, consolidation or failure to maintain good standing in the Commonwealth of Virginia and/or the state of incorporation or organization, if different (or in the case of an individual, the death or legal incapacity) of the Grantor, any owner of the Property or any person obligated to pay any part of the Secured Indebtedness.

Appears in 5 contracts

Samples: Loan Agreement, Loan Agreement, Purchase Money Deed of Trust, Assignment of Rents and Leases and Security Agreement

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Liquidation etc. The liquidation, termination, dissolution, merger, consolidation or failure to maintain good standing in the Commonwealth of Virginia and/or the state of incorporation or organization, if different (or in the case of an individual, the death or legal incapacity) of the Grantor, any owner of the Property or any person obligated to pay any part of the Secured Indebtedness.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

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Liquidation etc. The liquidation, termination, dissolution, merger, consolidation or failure to maintain good standing in the Commonwealth of Virginia and/or the state of incorporation or organization, if different (or in the case of an individual, the death or legal incapacity) of the Grantor, but excluding any owner change in corporate structure and partnership as otherwise permitted in this County Deed of Trust or the Property or any person obligated to pay any part of the Secured IndebtednessLoan Agreement.

Appears in 1 contract

Samples: Deed of Trust, Assignment of Rents and Leases and Security Agreement

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