Merger of Title Sample Clauses
Merger of Title. Except as otherwise provided in Section 18.3.10, there shall be no merger of this Lease or of the leasehold estate created hereby with the fee estate in the Leased Property by reason of the fact that the same Person may acquire, own or hold, directly or indirectly (a) this Lease or the leasehold estate created hereby or any interest in this Lease or such leasehold estate and (b) the fee estate in the Leased Property.
Merger of Title. 45 ARTICLE XXXI TRANSFERS BY LESSOR......................................... 45
Merger of Title. So long as any portion of the Obligations shall remain unpaid, and unless Lender shall otherwise consent, the fee title to the Property and the Improvements and the leasehold estate therein created pursuant to the provisions of the Ground Lease shall not merge, but shall always be kept separate and distinct, notwithstanding the union of such estates in Borrower or in any other person, by purchase, operation of law or otherwise.
Merger of Title. 46 Exhibit A - Legal Description of Land Exhibit B - Description of Personal Property Exhibit C - Permitted Encumbrances Exhibit D - List of Major Tenants
Merger of Title. No merger of the Company's interest in this Lease or of the leasehold estate created by this Lease with the fee simple estate in the Entertainment Center, or any part thereof, will occur by reason of the fact that the same person may acquire or own or hold, directly or indirectly, (1) the Company's interest in this Lease or the leasehold created by this Lease and (2) the fee estate in the Entertainment Center or any part thereof or any interest therein, and no such merger will occur unless and until all persons having an interest in the ownership interests described in (1) and (2) above join in a written instrument effecting such merger and record same.
Merger of Title. Section 15.1. There shall be no merger of Lessee's interest in this Lease nor of the leasehold estate created by this Lease with the fee estate in the Leased Premises or any part thereof by reason of the fact that the same person may acquire or own or hold, directly or indirectly:
(a) Lessee's interest in this Lease or the leasehold estate created by this Lease or any interest therein; and
(b) The fee estate in the Leased Premises or any part thereof or any interest therein or Lessor's remainder or residual interest in the Buildings or any interest therein; and no such merger shall occur unless and until all persons having an interest in the ownership interests described in (a) and (b) above shall join in a written instrument effecting such merger and shall duly record the same.
Merger of Title. Buyer acknowledges that if it merges with the Partnership, or the Partnership should otherwise cease to exist, Buyer's leasehold interest will merge with its fee interest in the Real Property.
Merger of Title. There shall be no merger of this Lease with any of the leasehold estates created hereunder or with any fee estate or other leasehold interest in any of the Demised Properties, whether by reason of the fact that the same Person may acquire, hold or own, directly or indirectly more than one or all of such legal interests in any Demised Property, unless and until: (a) under applicable Law such estates may be merged, and (b) all Persons having any leasehold interest or fee estate in any of the Demised Properties, or any part thereof sought to be merged, shall enter into a written agreement effecting such a merger under applicable Law and shall duly register same; provided, however, no such merger shall occur unless in each instance Landlord and any Landlord’s Mortgagee shall be a party to such agreement.
Merger of Title. No merger of Lessee's interest in this Lease or of the leasehold estate created by this Lease with the fee simple estate in the Leased Premises, or any part thereof, shall occur by reason of the fact that the same person may acquire or own or hold, directly or indirectly, (i) Lessee's interest in this Lease or the leasehold created by this Lease and (ii) the fee estate in the Leased Premises or any part thereof or any interest therein, and no such merger shall occur unless and until all persons having an interest in the ownership interests described in (i) and (ii) above shall join in a written instrument effecting such merger and shall record same.
Merger of Title. The covenants, agreements, rights, privileges and easements established herein shall survive any merger of title to the Parcels.