Common use of Nonmerger Clause in Contracts

Nonmerger. The reversionary interests of the Head Lessor in the Facility shall not merge into any interests in the Facility leased by, through or under this Head Lease even if such reversionary interests and such leased interests are at any time vested in or held directly or indirectly by the same Person, but this Head Lease shall nonetheless remain in full force and effect in accordance with its terms notwithstanding such vesting or holding. Notwithstanding this Section 11, nothing shall preclude termination of this Head Lease pursuant to Section 6.1.

Appears in 3 contracts

Samples: Head Lease Agreement (Tennessee Valley Authority), Head Lease Agreement, Head Lease Agreement (Tennessee Valley Authority)

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Nonmerger. The reversionary interests of the Head Lessor in the Facility Undivided Interest shall not merge into any interests in the Facility Undivided Interest leased by, through or under under, this Head Lease even if such reversionary interests and such leased interests are at any time vested in or held directly or indirectly by the same Person, but this Head Lease shall nonetheless remain in full force and effect in accordance with its respective terms notwithstanding such vesting or holding. Notwithstanding this Section 11, nothing shall preclude termination of this Head Lease pursuant to Section 6.1.

Appears in 1 contract

Samples: Head Lease Agreement (Tennessee Valley Authority)

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