Common use of Tenancy in Common Clause in Contracts

Tenancy in Common. In the event that Borrower is, now or hereafter, comprised of more than one Person, then each such Person comprising Borrower shall execute and be bound by a Tenants-in-Common Agreement, which shall be recorded, and shall otherwise comply with Section 5.2.13(b) hereof. Borrower shall give prompt notice to Lender of any default or event of default under the Tenants-in-Common Agreement of which Borrower obtains knowledge.

Appears in 4 contracts

Samples: Loan Agreement (Behringer Harvard Reit I Inc), Loan Agreement (Behringer Harvard Reit I Inc), Loan Agreement (Behringer Harvard Reit I Inc)

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Tenancy in Common. In the event that Borrower is, now or hereafter, comprised of more than one Person, then each such Person comprising Borrower shall execute and be bound by a Tenants-in-Common Agreement, which shall be recorded, and shall otherwise comply with Section 5.2.13(b) hereof. Borrower shall give prompt notice to Lender of any default or event of default under the any Tenants-in-Common Agreement of which Borrower obtains knowledgeAgreement.

Appears in 1 contract

Samples: Loan Agreement (Behringer Harvard Reit I Inc)

Tenancy in Common. In the event that Borrower is, now or hereafter, comprised of more than one Person, then each such Person comprising Borrower shall execute and be bound by a Tenants-in-Common Agreement, which shall be recorded, and shall otherwise comply with Section 5.2.13(b) hereof. Borrower shall give prompt notice to Lender of any default or event of default under the any Tenants-in-Common Agreement of which Borrower obtains knowledge.

Appears in 1 contract

Samples: Loan Agreement (Behringer Harvard Reit I Inc)

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Tenancy in Common. In the event that Borrower is, now or hereafter, comprised of more than one Person, then each such Person comprising Borrower shall execute and be bound by a Tenants-in-Common Agreement, which shall be recorded, and shall otherwise comply with Section 5.2.13(b) hereof. Borrower shall give prompt notice to Lender of any default or event of default under the Tenants-in-Common Agreement of which Borrower obtains knowledgeAgreement.

Appears in 1 contract

Samples: Loan Agreement (Behringer Harvard Reit I Inc)

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