Common use of Indebtedness May Become Due Clause in Contracts

Indebtedness May Become Due. If the strata/condominium corporation transfers, charges or adds to the common property (or common elements), or amends its Constituting Documents without the consent of the Lender, and if, in the Lender's opinion, the value of the Property is reduced, there is a Default.

Indebtedness May Become Due. If the strata/condominium corporation transfers, charges or adds to the common property (or common elements), or amends its Constituting Documents without the consent of the Lender, and if, in the Lender's ’s opinion, the value of the Property is reduced, there is a Default.