Common use of Mortgage Loan Clause in Contracts

Mortgage Loan. The Mortgage Loan shall be assumed by the Acquirer on the Closing Date, all fees and costs in connection with such assumption shall be borne by the Acquirer, and all required consents and approvals in connection with the Mortgage Loan shall have been obtained prior to the Closing Date.

Appears in 7 contracts

Samples: Contribution Agreement (Asset Capital Corporation, Inc.), Contribution Agreement (Asset Capital Corporation, Inc.), Contribution Agreement (Asset Capital Corporation, Inc.)

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Mortgage Loan. The mortgage loan held by Branch Banking and Trust Company relating to the Property (the “Mortgage Loan Loan”) shall be assumed by the Acquirer on the Closing Date, all fees and costs in connection with such assumption shall be borne by the Acquirer, and all required consents and approvals in connection with the Mortgage Loan shall have been obtained prior to the Closing Date.

Appears in 1 contract

Samples: Contribution Agreement (Asset Capital Corporation, Inc.)

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