Common use of Lender’s Right to Assign Clause in Contracts

Lender’s Right to Assign. Lender shall have the right to assign, transfer, sell, negotiate, pledge or otherwise hypothecate this Agreement and any of its rights and security hereunder, including the Note, Security Instrument, and any other Loan Documents. Lender shall have the right to hire outside firms it deems necessary to assist with the servicing, administration and monitoring of the Loan. Borrower hereby agrees that all of the rights and remedies of Lender in connection with the interest so assigned shall be enforceable against Borrower by such assignee with the same force and effect and to the same extent as the same would have been enforceable by Lender but for such assignment. Borrower agrees that Lender shall have the right to sell participations in the Loan or to include the Note in a securitized pool of indebtedness without the consent of Borrower.

Appears in 6 contracts

Samples: Loan Agreement (Netreit), Loan Agreement (Wells Core Office Income Reit Inc), Loan Agreement (Whitestone REIT)

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Lender’s Right to Assign. Lender shall have the right to assign, transfer, sell, negotiate, pledge or otherwise hypothecate this Agreement and any of its rights and security hereunder, including the Note, Security InstrumentMortgages, and any other Loan Documents. Lender Lender, at Lender’s expense, shall have the right to hire outside firms it deems necessary to assist with the servicing, administration and monitoring of the Loan. Borrower Borrowers hereby agrees agree that all of the rights and remedies of Lender in connection with the interest so assigned shall be enforceable against Borrower Borrowers by such assignee with the same force and effect and to the same extent as the same would have been enforceable by Lender but for such assignment. Borrower agrees Borrowers agree that Lender shall have the right to sell participations in the Loan or to include the Note in a securitized pool of indebtedness without the consent of BorrowerBorrowers, and without any cost or expense to Borrowers.

Appears in 2 contracts

Samples: Loan Agreement (Cole Credit Property Trust III, Inc.), Loan Agreement (Cole Credit Property Trust III, Inc.)

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Lender’s Right to Assign. Lender shall have the right to assign, transfer, sell, negotiate, pledge or otherwise hypothecate this Agreement and any of its rights and security hereunder, including the Note, Security InstrumentMortgages, and any other Loan Documents. Lender shall have the right to hire hire, at its sole expense, outside firms it deems necessary to assist with the servicing, administration and monitoring of the Loan. Borrower Borrowers hereby agrees agree that all of the rights and remedies of Lender in connection with the interest so assigned shall be enforceable against Borrower Borrowers by such assignee with the same force and effect and to the same extent as the same would have been enforceable by Lender but for such assignment. Borrower agrees Borrowers agree that Lender shall have the right to sell participations in the Loan or to include the Note in a securitized pool of indebtedness without the consent of BorrowerBorrowers.

Appears in 1 contract

Samples: Loan Agreement (First Potomac Realty Trust)

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