Common use of Change in Use Clause in Contracts

Change in Use. No material change in the use of a Mortgaged Property may be permitted, unless required by applicable law or permitted in the related Mortgage Documents, if the change would have a material adverse impact on the net operating income of the Mortgaged Property.‌

Appears in 2 contracts

Samples: Trust Agreement, Multifamily Master Trust Agreement

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Change in Use. No material change in the use of a Mortgaged Property may be permitted, unless required by applicable law or permitted in the related Mortgage Documents, if the change would have a material adverse impact on the net operating income cash flow of the Mortgaged Property.‌

Appears in 2 contracts

Samples: Multifamily Master Trust Agreement, Multifamily Master Trust Agreement

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Change in Use. No material change in the use of a Mortgaged Property may be permitted, unless required by applicable law or permitted in the related Mortgage Documents, if the change would have a material adverse impact on the net operating income of the Mortgaged Property.‌Property.

Appears in 1 contract

Samples: Federal National Mortgage Association

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