No Merger of Estates. So long as any part of the Senior Secured Note Obligations remain unpaid, unperformed or undischarged, the fee, easement and leasehold estates to the Mortgaged Property shall not merge but rather shall remain separate and distinct, notwithstanding the union of such estates either in Mortgagor, Mortgagee, any lessee, any third-party purchaser or otherwise.
Appears in 12 contracts
Samples: Mortgage (Progress Precision Inc.), Progress Precision Inc., Progress Precision Inc.
