Common use of Subsequent Owner Clause in Contracts

Subsequent Owner. The obligations of the Borrower or of any person obligated to reimburse the Loan shall in no way be modified or reduced by the fact that the Lender contracts with a subsequent owner of the Hypothecated Property in order to modify in any way whatsoever the terms and conditions of this Contract which has been assumed by the subsequent owner.

Appears in 9 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

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