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

Due on Sale and Encumbrance; Transfers of Interests. (a) Except as provided in Article VIII hereof, without the prior written consent of Lender, neither Borrower nor any other Person having a direct or indirect ownership or beneficial interest in Borrower shall sell, convey, mortgage, grant, bargain, encumber, pledge, divide into two (2) or more limited liability companies or other legal entities, assign or transfer any interest, direct or indirect, in a Restricted Party, any Property or any part thereof, whether voluntarily or involuntarily (collectively, “Prohibited Transfer”).

Due on Sale and Encumbrance; Transfers of Interests. (a) Except as provided in Article VIII hereof, without the prior written consent of Lender, neither Borrower nor any other Person SPE Party having a direct or indirect ownership or beneficial interest in Borrower shall sell, convey, mortgage, grant, bargain, encumber, pledge, divide into two (2) or more limited liability companies or other legal entities, assign or transfer any interest, direct or indirect, in a Restricted Party, any Property or any part thereof, whether voluntarily or involuntarily (collectively, “Prohibited Transfer”).

Due on Sale and Encumbrance; Transfers of Interests. (ah) Except as provided in Article VIII hereof, without the prior written consent of LenderAgent, neither Borrower nor any other Person having a direct or indirect ownership or beneficial interest in Borrower shall sell, convey, mortgage, grant, bargain, encumber, pledge, divide into two (2) or more limited liability companies or other legal entitieshypothecate, assign or transfer any interest, direct or indirect, in a Restricted Party, any the Property or any part thereof, whether voluntarily or involuntarily (collectively, “Prohibited Transfer”).

Due on Sale and Encumbrance; Transfers of Interests. (a) ). Except as provided in Article VIII hereof, without the prior written consent of LenderAgent, neither none of Mortgage Borrower, Borrower nor or any other Person having a direct or indirect ownership or beneficial interest in Borrower or Mortgage Borrower shall sell, convey, mortgage, grant, bargain, encumber, pledge, divide into two (2) or more limited liability companies or other legal entitieshypothecate, assign or transfer any interest, direct or indirect, in a Restricted Party, any the Property (or any part thereof) or the Collateral (or any part thereof), whether voluntarily or involuntarily (collectively, “Prohibited Transfer”).

Due on Sale and Encumbrance; Transfers of Interests. (a) Except as provided in Article VIII hereof, without the prior written consent of LenderAgent, neither Borrower nor any other Person having a direct or indirect ownership or beneficial interest in Borrower shall sell, convey, mortgage, grant, bargain, encumber, pledge, divide into two (2) or more limited liability companies or other legal entitieshypothecate, assign or transfer any interest, direct or indirect, in a Restricted Party, any the Property or any part thereof, whether voluntarily or involuntarily (collectively, “Prohibited Transfer”).