Common use of Rights of Mortgagees Clause in Contracts

Rights of Mortgagees. Any rights of the City under this Article 8 will not defeat, limit or render invalid any Security Financing Interest permitted by this Agreement or any rights provided for in this Agreement for the protection of holders of Security Financing Interests. Any conveyance or reverter of the Property to the City under this Article 8 will be subject to Security Financing Interests permitted by this Agreement.

Appears in 2 contracts

Samples: Disposition, Development and Loan Agreement, Disposition and Development Agreement

AutoNDA by SimpleDocs

Rights of Mortgagees. Any rights of the City under this Article 8 will shall not defeat, limit or render invalid any Security Financing Interest permitted by this Agreement or any rights provided for in this Agreement for the protection of holders of Security Financing Interests. Any conveyance or reverter of the Property to the City under this Article 8 will be subject to Security Financing Interests permitted by this AgreementARTICLE 12.

Appears in 1 contract

Samples: Development and Loan Agreement

AutoNDA by SimpleDocs

Rights of Mortgagees. Any rights of the City under this Article 8 will shall not defeat, limit or render invalid any Security Financing Interest permitted by this Agreement or any rights provided for in this Agreement for the protection of holders of Security Financing Interests. Any conveyance or reverter of the Property to the City under pursuant to this Article 8 will shall be subject to Security Financing Interests permitted by this Agreement.

Appears in 1 contract

Samples: Disposition and Development Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.