Right to Encumber. Town agrees and acknowledges that this Agreement shall not prevent or limit the owner of any interest in the Property, or any portion thereof, at any time or from time to time in any manner, at such owner’s sole discretion, from encumbering the Property, the improvements thereon, or any portion thereof with any mortgage, deed of trust, sale and leaseback arrangement or other security device.
Appears in 4 contracts
Samples: Loomis Development Agreement, Loomis Development Agreement, Loomis Development Agreement
Right to Encumber. Town The City agrees and acknowledges that this Agreement shall not prevent or limit the owner of any interest in the Property, or any portion thereof, at any time or from time to time in any manner, at such owner’s 's sole discretion, from encumbering the Property, the improvements thereon, or any portion thereof with any mortgage, deed of trust, sale and leaseback arrangement or other security device.
Appears in 1 contract
Samples: Development Agreement
Right to Encumber. Town The City agrees and acknowledges that this Agreement shall not prevent or limit the owner Owner of any interest in the Property, or any portion thereof, at any time or from time to time in any manner, at such owner’s Owner's sole discretion, from encumbering the Property, the improvements thereon, or any portion thereof with any mortgage, deed of trust, sale and leaseback arrangement or other security device.
Appears in 1 contract
Samples: Development Agreement
