Common use of Due on Sale or Encumbrance Clause in Contracts

Due on Sale or Encumbrance. The occurrence of any sale, conveyance, transfer or vesting or any Prohibited Structural Change that would result in the Loan becoming immediately due and payable at the Lender’s option under Section 13.

Appears in 5 contracts

Samples: Credit Agreement, Consolidated Capital Growth Fund, Oxford Residential Properties I LTD Partnership

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Due on Sale or Encumbrance. The occurrence of any sale, conveyance, transfer or vesting or any Prohibited Structural Change that would result in the Loan becoming immediately due and payable at the Lender’s option under Section 13.

Appears in 3 contracts

Samples: GTJ Reit, Inc., Security Agreement (NNN Apartment REIT, Inc.), AmREIT, Inc.

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Due on Sale or Encumbrance. The occurrence of any sale, conveyance, transfer or vesting or any Prohibited Structural Change that would result in the Loan becoming immediately due and payable at the Lender’s option under Section 1312.

Appears in 2 contracts

Samples: Mortgage, Security Agreement (Sanfilippo John B & Son Inc), Mortgage, Security Agreement (Sanfilippo John B & Son Inc)

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