Common use of Due on Sale and Encumbrance; Transfers of Interests Clause in Contracts

Due on Sale and Encumbrance; Transfers of Interests. (a) Without the prior approval of Lender, which may be withheld in its sole and absolute discretion, the Loan shall become due and payable upon the occurrence of any Transfer (other than a Permitted Transfer).

Appears in 3 contracts

Samples: Term Loan Agreement (Wheeler Real Estate Investment Trust, Inc.), Term Loan Agreement (Cedar Realty Trust, Inc.), Term Loan Agreement (Wheeler Real Estate Investment Trust, Inc.)

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Due on Sale and Encumbrance; Transfers of Interests. (ai) Without the prior approval of Lender, which may be withheld in its sole and absolute discretion, the Loan shall become due and payable upon the occurrence of any Transfer (other than a Permitted Transfer).

Appears in 1 contract

Samples: Term Loan Agreement (Wheeler Real Estate Investment Trust, Inc.)

Due on Sale and Encumbrance; Transfers of Interests. (a) Without the prior approval of LenderAgent, which may be withheld in its sole and absolute discretion, other than a Permitted Transfer, the Loan shall become due and payable upon the occurrence of any Transfer (other than a Permitted Transferreferred to in Section 8.1(b).

Appears in 1 contract

Samples: Term Loan Agreement (Wynn Resorts LTD)

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Due on Sale and Encumbrance; Transfers of Interests. (a) Without the prior approval written consent of Lender, which may be withheld in its sole and absolute discretion, the Loan shall become due and payable upon the occurrence of any Transfer (as defined below), except for Permitted Encumbrances and Permitted Transfers. Without limiting the foregoing, other than with respect to a Permitted Transfer)., without the prior written consent of Lender:

Appears in 1 contract

Samples: Term Loan Agreement (Hines Global Reit Ii, Inc.)

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