Common use of Ground Lease Assignable Clause in Contracts

Ground Lease Assignable. Borrower’s interest in the Ground Lease is assignable to Lender upon notice to (and with a copy of the instrument), but without the consent of, the Ground Lessor (or, if any such consent is required, it has been obtained prior to the Closing Date). The Ground Lease is further assignable (after foreclosure or deed in lieu of foreclosure) by Lender, its successors and assigns without the consent of the Ground Lessor.

Appears in 1 contract

Samples: Loan Agreement (Taubman Centers Inc)

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Ground Lease Assignable. Borrower’s interest in the Ground Lease is assignable to Lender upon notice to (and with a copy of the instrument)all required notices to, but without the consent ofand/or consents from, the Ground Lessor (or, if ground lessor thereunder have been obtained with respect to any such consent is required, it has been obtained prior assignment to the Closing Date). The Ground Lease is further assignable (after foreclosure or deed in lieu of foreclosure) by Lender, its successors and assigns without the consent of the Ground Lessor.

Appears in 1 contract

Samples: Loan Agreement (Macquarie Infrastructure CO LLC)

Ground Lease Assignable. Borrower’s 's interest in the Ground Lease is assignable to Lender by foreclosure upon notice to (and with a copy of the instrument)to, but without the consent of, the Ground Lessor (or, if any such consent is required, it has been obtained prior to the Closing Date). The Ground Lease is further assignable (after foreclosure or deed in lieu of foreclosure) by Lender, its successors and assigns without the consent of the Ground Lessorground lessor.

Appears in 1 contract

Samples: Loan Agreement (Wyndham International Inc)

Ground Lease Assignable. Borrower’s interest in the Ground Lease is assignable to Lender upon notice to (and with a copy of the instrument)to, but without the consent of, the Ground Lessor (or, if any such consent is required, it has been obtained prior to the Closing Date)ground lessor. The Ground Lease is does not prohibit Lender from further assignable (after foreclosure or deed assigning the Ground Lease to a third party in lieu connection with any transfer of foreclosure) by Lender, its successors and assigns the Loan without the consent of the Ground Lessorground lessor.

Appears in 1 contract

Samples: Loan Agreement (CNL Hotels & Resorts, Inc.)

Ground Lease Assignable. Each applicable Leasehold Property Borrower’s 's interest in the each Ground Lease is assignable to Lender upon notice to (and with a copy of the instrument)to, but without the consent of, the Ground Lessor (ground lessor thereunder or, if any such consent in the event that it is requiredso assigned, it has been obtained prior to the Closing Date). The Ground Lease is further assignable (after foreclosure or deed to the trustee in lieu of foreclosure) by Lendera Securitization upon notice to, its successors and assigns but without a need to obtain the consent of the Ground Lessorof, such ground lessor.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (Ventas Inc)

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Ground Lease Assignable. Borrower’s interest in the Ground Lease is assignable to Lender upon notice to (and with a copy of the instrument)to, but without the consent of, the Ground Lessor ground lessor (or, if any such consent is required, it has been obtained prior to the Closing Effective Date). The Ground Lease is further assignable (after foreclosure or deed in lieu of foreclosure) by Lender, its successors and assigns without the consent of the Ground Lessorground lessor.

Appears in 1 contract

Samples: Loan Agreement (William Lyon Homes)

Ground Lease Assignable. Borrower’s 's interest in the Ground Lease is assignable to Lender at a foreclosure sale upon notice to (and with a copy of the instrument)to, but without the consent of, the Ground Lessor ground lessor (or, if any such consent is required, it has been obtained prior to the Closing Date). The Ground Lease is further assignable (after foreclosure or deed in lieu of foreclosure) by Lender, its successors and assigns without the consent of the Ground Lessor.

Appears in 1 contract

Samples: Loan Agreement (Westfield America Inc)

Ground Lease Assignable. Borrower’s interest in the Ground Lease is assignable to Lender upon notice to (and with a copy of the instrument), but without the consent of, the of Ground Lessor (or, if any such consent is required, it has been obtained prior to the Closing Date). The Ground Lease is further assignable (after foreclosure or deed in lieu of foreclosure) by Lender, its successors and assigns without the consent of the Ground Lessor.

Appears in 1 contract

Samples: Loan Agreement (Wyndham International Inc)

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