No Merger of Title. There will be no merger of the leasehold estate created by this Lease with the fee estate in the Premises by reason of the fact that the same person may acquire or hold (i) the leasehold estate created by this Lease or any interest in such leasehold estate, and (ii) the fee estate in the Premises or any interest in such fee estate. No such merger shall occur unless and until all persons (including any Fee Mortgage), having any interest in (i) the leasehold estate created by this Lease, and (ii) the fee estate in the Premises, join in a written instrument effecting such merger and shall duly record the same, subject to any rights under any recognition agreement or subordination, non‑disturbance and attornment agreement relating to this Lease (or any assignment or sublease) or the Premises.
Appears in 7 contracts
Sources: Master Lease Agreement (Capview Residential Income Fund VII, LP), Master Lease Agreement (Capview Residential Income Fund VII, LP), Master Lease Agreement (Capview Residential Income Fund VII, LP)
No Merger of Title. There will shall be no merger of the ------------------ leasehold estate created by this Lease with the fee estate in the Premises of LESSOR by reason of the fact that the same person may acquire own or hold (i) both the leasehold estate created by this Lease or any interest in such leasehold estate, therein and (ii) the fee estate in the Premises or any interest in such fee estate. No therein; and no such merger shall occur unless and until all persons or entities (including any Fee Mortgage), mortgagee with respect to the fee estate of LESSOR) and LESSEE'S Leasehold Mortgagee having any interest in (i) the leasehold estate created by this Lease, and (ii) Lease or the fee estate in the Premises, Premises shall join in a written instrument effecting such merger and shall duly record the same, subject to any rights under any recognition agreement or subordination, non‑disturbance and attornment agreement relating to this Lease (or any assignment or sublease) or the Premises.
Appears in 1 contract
Sources: Ground Lease (Equifax Inc)