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Common use of Non-Merger of Estates Clause in Contracts

Non-Merger of Estates. The interests of Landlord and Tenant in the Property shall at all times be separate and apart, and shall in no event be merged, notwithstanding the fact that this Agreement or the leasehold estate treated hereby, or any interest therein, may be held directly or indirectly by or for the account of any person who shall own the fee title to the Property, or any portion thereof; and no such merger of estates shall occur by operation of law, or otherwise, unless and until all persons at the time having any interest in the Property, including any leasehold beneficiary, shall join in the execution of a written instrument effecting such merger of estates.

Appears in 3 contracts

Samples: Solar Power License Agreement, Solar Power License Agreement, Solar Power License Agreement

Non-Merger of Estates. The interests of Landlord and Tenant in the Property Fairgrounds shall at all times be separate and apart, and shall in no event be merged, notwithstanding the fact that this Lease Agreement or the leasehold estate treated herebyLeasehold Estate created thereby, or any interest therein, may be held directly or indirectly by or for the account of any person the same Person who shall own the fee title to the Property, Fairgrounds or any portion thereof; and no such merger of estates shall occur by operation of law, or otherwise, unless and until all persons Persons at the time having any interest in the Property, including any leasehold beneficiaryFairgrounds, shall join in the execution of a written instrument effecting such merger of estates.

Appears in 3 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

Non-Merger of Estates. The interests of Landlord and Tenant in the Property Leased Premises shall at all times be separate and apart, and shall in no event be merged, notwithstanding the fact that this Agreement Lease or the leasehold estate treated Leasehold Estate created hereby, or any interest therein, may be held directly or indirectly by or for the account of any person the Person who shall own the fee title to the Property, Leased Premises or any portion thereof; and no such merger of estates shall occur by operation of law, or otherwise, unless and until all persons Persons at the time having any interest in the Property, including any leasehold beneficiary, Leased Premises shall join in the execution of a written instrument effecting such merger of estates.

Appears in 2 contracts

Samples: Ground Lease Agreement, Economic Development Agreement

Non-Merger of Estates. The interests of Landlord and Tenant in the Property Leased Premises shall at all times be separate and apart, and shall in no event be merged, notwithstanding the fact that this Agreement Lease or the leasehold estate treated created hereby, or any interest therein, may be held directly or indirectly by or for the account of any person who shall own the fee title to the PropertyLeasehold, or any portion thereof; and no such merger of estates shall occur by operation of law, or otherwise, unless and until all persons at the time having any interest in the PropertyLeased Premises, including any leasehold beneficiaryLeasehold Mortgagee, shall join in the execution of a written instrument effecting such merger of estates.

Appears in 1 contract

Samples: Ground Lease Agreement