Effect of Subdivision Clause Samples

Effect of Subdivision. If the Property is subdivided: a. this Mortgage will charge each subdivided lot as security for payment of all the Indebtedness and performance of Obligations; and b. the Lender is not required to discharge this Mortgage as a charge on any of the subdivided lots unless all the Indebtedness is paid and Obligations are performed.
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Effect of Subdivision. Reclassification,
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Effect of Subdivision. Owner may from time to time subdivide all or any portion of the Property into separate legal parcels (each, a "Separate Parcel"). At any and each time as Owner effectuates any such subdivision of the Property, this Agreement shall automatically terminate, and Owner and AtHome shall execute separate agreements for each Separate Parcel (each, a "Replacement Agreement"). Each Replacement Agreement shall encumber only one of the Separate Parcels, and shall be in the same form as this Agreement. If AtHome fails or refuses to execute any such Replacement Agreement upon Owner's request, then Owner shall have the right to obtain specific performance of AtHome's obligation to execute such Replacement Agreement. In addition, AtHome hereby irrevocably constitutes and appoints Owner as its true and lawful attorney in fact, in its name and in its behalf, to make, execute, acknowledge, deliver, and file any and all such Replacement Agreements that AtHome so fails or refuses to execute. AtHome expressly understands and acknowledges that the foregoing special power of attorney is coupled with an interest, is irrevocable, and shall survive the dissolution or insolvency of AtHome, or the transfer by AtHome of the whole or any portion of its interest in this Agreement (provided that any such transfer shall be subject to the restrictions set forth above in this Agreement).
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Related to Effect of Subdivision

  • Effect of Suspension You must pay all applicable fees incurred before and during any suspension. You will not be entitled to any service credits under an applicable Service Level Agreement or Service Level Objective during any suspension.

  • EFFECT OF SUSPENSION IN TRADING In the event that on the scheduled Closing Date, either: (a) the NYSE or another primary exchange on which the portfolio securities of the Acquiring Fund or the Acquired Fund are purchased or sold, shall be closed to trading or trading on such exchange shall be restricted; or (b) trading or the reporting of trading on the NYSE or elsewhere shall be disrupted so that accurate appraisal of the value of the net assets of the Acquiring Fund or the Acquired Fund is impracticable, the Closing Date shall be postponed until the first business day after the day when trading is fully resumed and reporting is restored.

  • Effect of Supplemental Agreements Upon the execution of any supplemental agreement under this Article, this Agreement shall be modified in accordance therewith, and such supplemental agreement shall form a part of this Agreement for all purposes; and every Holder of Certificates theretofore or thereafter authenticated, executed on behalf of the Holders and delivered hereunder, shall be bound thereby.

  • Effect of Waiver or Consent A waiver or consent, express or implied, to or of any breach or default by any Person in the performance by that Person of its obligations with respect to the Company is not a consent or waiver to or of any other breach or default in the performance by that Person of the same or any other obligations of that Person with respect to the Company. Failure on the part of a Person to complain of any act of any Person or to declare any Person in default with respect to the Company, irrespective of how long that failure continues, does not constitute a waiver by that Person of its rights with respect to that default until the applicable statute-of-limitations period has run.

  • Effect of Waiver No consent or waiver, express or implied, by the Agent to or for any breach of or deviation from any covenant, condition or duty by the Borrower shall be deemed a consent or waiver to or of any other breach of the same or any other covenant, condition or duty.