Successors in interest definition

Successors in interest shall have the meaning set forth in Section 4.31 hereof.

Successors in interest means persons who obtain a reversionary interest by transfer or operation of law.

Successors in interest. ’ means any entity or entities that result from a reorganization into another jurisdiction or a change in the type of business organization.

Examples of Successors in interest in a sentence

• Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or any Successors in Interest of Borrower.

• Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Xxxxxx to Borrower or any Successor in Interest of Borrower shall not operate to release the liability of Borrower or any Successors in Interest of Borrower.

• Any forbearance by Lender in exercising any right or remedy including, without limitation, Lender’s acceptance of payments from third persons, entities or Successors in Interest of Borrower or in amounts less than the amount then due, shall not be a waiver of or preclude the exercise of any right or remedy.

• Any forbearance by Xxxxxx in exercising any right or remedy including, without limitation, Xxxxxx’s acceptance of payments from third persons, entities, or Successors in Interest of Borrower or in amounts less than the amount then due, will not be a waiver of, or preclude the exercise of, any right or remedy by Lender.

• Xxxxxx will not be required to commence proceedings against any Successor in Interest of Borrower, or to refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument, by reason of any demand made by the original Borrower or any Successors in Interest of Borrower.

More Definitions of Successors in interest

Successors in interest means a Person’s spouses, children, devisees, personal representatives, survivors, heirs, issue, assigns, creditors, successors, executors, administrators, legatees, insurers, estate beneficiaries and estate, any person wholly or partially dependent on such Person for support and maintenance, and any other Person acting or claiming for, on behalf of or through such Person or having a property right in, or a claim against, a trust estate or the estate of a decedent.

Successors in interest. This agreement shall be binding upon and inure to the benefit of the heirs, successors, representatives and assigns of the parties hereto.

Successors in interest means the beneficiaries

Successors in interest means the beneficiaries under the settlor's will, if the settlor has a will, or in the absence of an effective will provision, the settlor's heirs at law.

Successors in interest means the beneficiaries under the settlor’s will, if the settlor has a will, or in the absence of an effective will provision, the settlor’s heirs at law.

Successors in interest means: a Person’s estate, legal representatives, heirs, successors or assigns, including successors or assigns that result from corporate mergers or structural changes.

Successors in interest means a Party or Person’s estate, executor, legal representative, heirs, successors, or assigns, including successors or assigns that result from corporate mergers or other structural changes, and any other Person who can make a legal claim by or through such Party or Person.