Rights of Mortgage or Lienholder. In the event of cancellation or forfeiture of a sale agreement for cause, the holder of a properly recorded mortgage, conditional assignment, or collateral assignment will have the option to acquire the agreement for the unexpired term thereof, subject to the same terms and conditions as in the original instrument
Appears in 3 contracts
Samples: Sale and Exchange Agreement, Exchange Agreement, Exchange Agreement
Rights of Mortgage or Lienholder. In the event of cancellation or forfeiture of a sale agreement lease for cause, the holder of a properly recorded mortgage, conditional assignment, assignment or collateral assignment will have the option to acquire the agreement lease for the unexpired term thereof, subject to the same terms and conditions as in the original instrumentlease.
Appears in 2 contracts
Samples: Lease Agreement, Lease Agreement
Rights of Mortgage or Lienholder. In the event of cancellation or forfeiture of a sale agreement for cause, the holder of a properly recorded mortgage, conditional assignment, or collateral assignment will have the option to acquire the sale agreement for the unexpired term thereof, subject to the same terms and conditions as in the original instrument. Any party acquiring an agricultural purchase or lease agreement must meet the same requirements as the original BUYER or lessee.
Appears in 1 contract
Samples: Purchase Agreement
