Lenders Consent to Prohibited Transfers. With respect to a Transfer that would otherwise constitute an Event of Default under this Article VII, Lender will consent, without any adjustment to the rate at which the Indebtedness bears interest or to any other economic terms of the Indebtedness set forth in the Note, provided that, prior to such Transfer, each of the following requirements is satisfied:
Appears in 4 contracts
Samples: Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.), Multifamily Loan and Security Agreement (KBS Legacy Partners Apartment REIT, Inc.), Multifamily Loan and Security Agreement (KBS Legacy Partners Apartment REIT, Inc.)
Lenders Consent to Prohibited Transfers. With respect to a Transfer that would otherwise constitute an Event of Default under this Article VII, Lender will consent, may consent to such Transfer without any adjustment to the rate at which the Indebtedness bears interest or to any other economic terms of the Indebtedness set forth in the Note, provided that, prior to such Transfer, all of Lender’s requirements are satisfied, as determined by Lender, including payment by Borrower of each of the following requirements is satisfiedfollowing:
Appears in 3 contracts
Samples: Loan Agreement, Loan Agreement, Loan Agreement
