{"component": "clause", "props": {"groups": [{"samples": [{"hash": "6OOV5xPSJBX", "uri": "/contracts/6OOV5xPSJBX#one-time-transfer", "label": "Deed of Trust and Security Agreement (Hines Real Estate Investment Trust Inc)", "score": 21.0, "published": true}], "size": 6, "snippet": "Notwithstanding anything to the contrary contained in this Instrument or the Documents, at any time after one (1) year from the date hereof, so long as there is no Event of Default under the Documents (or event which with the passage of time or the giving of notice or both would be an Event of Default), \u2587\u2587\u2587\u2587\u2587\u2587 agrees, upon thirty (30) days\u2019 prior written request, to consent to one (1) transfer of the Property by the original Borrower only to a single entity (the \u201cThird Party Single Entity\u201d) that will own the Property following such transfer, if:\n(a) The Third Party Single Entity (such entity shall sometimes be referred to herein as the \u201cProposed Transferee\u201d) is a Person which, in the judgment of Lender, (1) has a net worth of at least $200,000,000, (2) has specific related commercial real estate experience and owns a minimum of two million (2,000,000) square feet of office space in the United States (which may include the Property), and (3) is a Person that would be (and the principals of such entity would be), in the experience and judgment of Lender, an acceptable borrower under the Loan; provided that it is expressly understood, without limiting the foregoing, that the Proposed Transferee shall not be acceptable if (A) upon assumption of the Loan, such transferee\u2019s, its affiliates\u2019, or related entities\u2019 credit obligations shall exceed Lender\u2019s individual or related borrower limits as established by Lender from time to time in its sole discretion, or (B) the Proposed Transferee is related to Lender or advised by Lender or any affiliate of Lender; provided, however, at any time with respect to a specific proposed sale by Borrower of the Property, upon a written request from Borrower to Lender providing the necessary information regarding the proposed Third Party Single Entity and its affiliates and related entities, Lender shall notify Borrower if upon assumption of the Loan, such proposed Third Party Single Entity\u2019s, its affiliates\u2019 or related entities\u2019 credit obligations will exceed \u2587\u2587\u2587\u2587\u2587\u2587\u2019s then-current individual or related borrower limits;\n(b) At the time of transfer, the Loan to Value Ratio does not exceed fifty-five percent (55%);\n(c) Borrower pays Lender a non-refundable servicing fee in the amount of $25,000 at the time of the request, together with an additional fee equal to one-half percent (0.50%) of the outstanding principal balance of the Loan at the time of the transfer, less the amount of the non-refundable servicing fee paid to Lender;\n(d) At Lender\u2019s option, \u2587\u2587\u2587\u2587\u2587\u2587\u2019s title policy has been endorsed to verify the first priority lien of the Documents, at Borrower\u2019s expense;\n(e) At the time of the transfer, the Debt Service Coverage Ratio is at least 2.00 to 1.00 for the immediately preceding twelve (12) month period, and \u2587\u2587\u2587\u2587\u2587\u2587 receives satisfactory evidence that such Debt Service Coverage Ratio will be maintained or exceeded for the next succeeding twelve (12) months;\n(f) The Proposed Transferee expressly assumes all obligations under the Documents and executes any documents reasonably required by \u2587\u2587\u2587\u2587\u2587\u2587, and all of these documents are satisfactory in form and substance to Lender;\n(g) A guarantor, acceptable to Lender, executes a guaranty and indemnity (pursuant to documents satisfactory in form and substance to Lender) with respect to all of the ERISA, environmental and personal obligations of Borrower under the Documents, including, without limitation, those set forth in Sections 3.11, 3.12, 8.01, 8.02, 8.03, 8.04 and 8.05 hereof and those set forth in the Environmental Indemnity;\n(h) Lender reasonably approves the form and content of all transfer documents and \u2587\u2587\u2587\u2587\u2587\u2587 is furnished with a certified copy of the recorded transfer documents;\n(i) The Proposed Transferee complies with and delivers Lender\u2019s standard ERISA certification and indemnification agreement;\n(j) Borrower provides a copy of (A) the purchase and sale agreement (and all amendments thereto) for the Property at the time of the transfer request or within five (5) days of execution, (B) all amendments to the purchase and sale agreement after delivery of said agreement to Lender, and (C) a fully-executed closing statement upon closing of the transfer;\n(k) The transferee shall sign and deliver \u2587\u2587\u2587\u2587\u2587\u2587\u2019s current credit certification at the time of the request, which shall include a representation that the Proposed Transferee and all Persons holding any legal or beneficial interest whatsoever in the Proposed Transferee are not included in, owned by, controlled by, acting for or on behalf of, providing assistance, support, sponsorship, or services of any kind to, or otherwise associated with any of the Persons referred to or described in Executive Order 13224; and\n(l) Borrower or the Proposed Transferee pays all reasonable fees, costs, and expenses incurred by \u2587\u2587\u2587\u2587\u2587\u2587 in connection with the proposed transfer, including, without limitation, all reasonable legal (for both outside counsel and \u2587\u2587\u2587\u2587\u2587\u2587\u2019s staff attorneys), accounting, title insurance, documentary stamps taxes, intangible taxes, mortgage taxes, recording fees, and appraisal fees, whether or not the transfer is actually consummated.", "snippet_links": [{"key": "contained-in", "type": "definition", "offset": [41, 53]}, {"key": "the-documents", "type": "clause", "offset": [73, 86]}, {"key": "at-any-time", "type": "clause", "offset": [88, 99]}, {"key": "date-hereof", "type": "clause", "offset": [128, 139]}, {"key": "event-of-default-under", "type": "definition", "offset": [164, 186]}, {"key": "passage-of-time", "type": "clause", "offset": [226, 241]}, {"key": "giving-of-notice", "type": "clause", "offset": [249, 265]}, {"key": "an-event-of-default", "type": "definition", "offset": [283, 302]}, {"key": "upon-thirty", "type": "clause", "offset": [320, 331]}, {"key": "written-request", "type": "clause", "offset": [349, 364]}, {"key": "consent-to", "type": "definition", "offset": [369, 379]}, {"key": "transfer-of-the-property", "type": "definition", "offset": [388, 412]}, {"key": "the-original-borrower", "type": "clause", "offset": [416, 437]}, {"key": "the-third-party", "type": "definition", "offset": [556, 571]}, {"key": "proposed-transferee", "type": "definition", "offset": [645, 664]}, {"key": "a-person", "type": "clause", "offset": [670, 678]}, {"key": "of-lender", "type": "clause", "offset": [702, 711]}, {"key": "net-worth", "type": "clause", "offset": [723, 732]}, {"key": "commercial-real-estate", "type": "definition", "offset": [784, 806]}, {"key": "square-feet", "type": "clause", "offset": [864, 875]}, {"key": "office-space", "type": "definition", "offset": [879, 891]}, {"key": "in-the-united-states", "type": "clause", "offset": [892, 912]}, {"key": "provided-that", "type": "definition", "offset": [1108, 1121]}, {"key": "without-limiting-the-foregoing", "type": "clause", "offset": [1150, 1180]}, {"key": "the-proposed", "type": "clause", "offset": [1187, 1199]}, {"key": "assumption-of-the-loan", "type": "clause", "offset": [1247, 1269]}, {"key": "obligations-shall", "type": "definition", "offset": [1335, 1352]}, {"key": "related-borrower", "type": "definition", "offset": [1383, 1399]}, {"key": "by-lender", "type": "clause", "offset": [1422, 1431]}, {"key": "from-time-to-time", "type": "clause", "offset": [1432, 1449]}, {"key": "sole-discretion", "type": "definition", "offset": [1457, 1472]}, {"key": "to-lender", "type": "clause", "offset": [1516, 1525]}, {"key": "affiliate-of", "type": "definition", "offset": [1554, 1566]}, {"key": "with-respect-to", "type": "clause", "offset": [1606, 1621]}, {"key": "proposed-sale", "type": "clause", "offset": [1633, 1646]}, {"key": "by-borrower", "type": "clause", "offset": [1647, 1658]}, {"key": "from-borrower", "type": "clause", "offset": [1699, 1712]}, {"key": "providing-the", "type": "clause", "offset": [1723, 1736]}, {"key": "information-regarding", "type": "clause", "offset": [1747, 1768]}, {"key": "affiliates-and-related-entities", "type": "clause", "offset": [1816, 1847]}, {"key": "time-of-transfer", "type": "definition", "offset": [2093, 2109]}, {"key": "value-ratio", "type": "definition", "offset": [2123, 2134]}, {"key": "five-percent", "type": "clause", "offset": [2157, 2169]}, {"key": "a-non", "type": "clause", "offset": [2202, 2207]}, {"key": "servicing-fee", "type": "definition", "offset": [2219, 2232]}, {"key": "the-request", "type": "clause", "offset": [2273, 2284]}, {"key": "additional-fee", "type": "definition", "offset": [2303, 2317]}, {"key": "equal-to", "type": "definition", "offset": [2318, 2326]}, {"key": "outstanding-principal-balance-of-the-loan", "type": "definition", "offset": [2359, 2400]}, {"key": "the-non", "type": "clause", "offset": [2449, 2456]}, {"key": "fee-paid", "type": "clause", "offset": [2478, 2486]}, {"key": "at-lender", "type": "definition", "offset": [2502, 2511]}, {"key": "title-policy", "type": "definition", "offset": [2531, 2543]}, {"key": "to-verify", "type": "definition", "offset": [2562, 2571]}, {"key": "first-priority-lien", "type": "clause", "offset": [2576, 2595]}, {"key": "debt-service-coverage-ratio", "type": "clause", "offset": [2674, 2701]}, {"key": "satisfactory-evidence", "type": "definition", "offset": [2803, 2824]}, {"key": "obligations-under-the", "type": "clause", "offset": [2988, 3009]}, {"key": "required-by", "type": "definition", "offset": [3058, 3069]}, {"key": "guaranty-and-indemnity", "type": "clause", "offset": [3205, 3227]}, {"key": "pursuant-to", "type": "definition", "offset": [3229, 3240]}, {"key": "documents-satisfactory-in-form-and-substance", "type": "clause", "offset": [3241, 3285]}, {"key": "obligations-of-borrower", "type": "clause", "offset": [3358, 3381]}, {"key": "without-limitation", "type": "clause", "offset": [3414, 3432]}, {"key": "environmental-indemnity", "type": "clause", "offset": [3540, 3563]}, {"key": "form-and-content", "type": "clause", "offset": [3600, 3616]}, {"key": "transfer-documents", "type": "definition", "offset": [3624, 3642]}, {"key": "certified-copy", "type": "clause", "offset": [3674, 3688]}, {"key": "erisa-certification", "type": "clause", "offset": [3798, 3817]}, {"key": "indemnification-agreement", "type": "definition", "offset": [3822, 3847]}, {"key": "a-copy-of", "type": "clause", "offset": [3871, 3880]}, {"key": "transfer-request", "type": "definition", "offset": [3982, 3998]}, {"key": "amendments-to-the-purchase-and-sale-agreement", "type": "clause", "offset": [4045, 4090]}, {"key": "delivery-of", "type": "clause", "offset": [4097, 4108]}, {"key": "agreement-to", "type": "clause", "offset": [4114, 4126]}, {"key": "closing-statement", "type": "clause", "offset": [4160, 4177]}, {"key": "upon-closing", "type": "clause", "offset": [4178, 4190]}, {"key": "the-transferee", "type": "clause", "offset": [4212, 4226]}, {"key": "persons-holding", "type": "clause", "offset": [4390, 4405]}, {"key": "beneficial-interest", "type": "definition", "offset": [4419, 4438]}, {"key": "not-included", "type": "clause", "offset": [4481, 4493]}, {"key": "owned-by", "type": "definition", "offset": [4498, 4506]}, {"key": "on-behalf-of", "type": "definition", "offset": [4537, 4549]}, {"key": "providing-assistance", "type": "clause", "offset": [4551, 4571]}, {"key": "associated-with", "type": "definition", "offset": [4636, 4651]}, {"key": "the-persons", "type": "clause", "offset": [4659, 4670]}, {"key": "executive-order-13224", "type": "clause", "offset": [4699, 4720]}, {"key": "reasonable-fees", "type": "definition", "offset": [4775, 4790]}, {"key": "expenses-incurred", "type": "definition", "offset": [4803, 4820]}, {"key": "in-connection-with", "type": "clause", "offset": [4831, 4849]}, {"key": "outside-counsel", "type": "definition", "offset": [4935, 4950]}, {"key": "staff-attorneys", "type": "clause", "offset": [4964, 4979]}, {"key": "title-insurance", "type": "definition", "offset": [4994, 5009]}, {"key": "documentary-stamps", "type": "clause", "offset": [5011, 5029]}, {"key": "intangible-taxes", "type": "clause", "offset": [5037, 5053]}, {"key": "mortgage-taxes", "type": "clause", "offset": [5055, 5069]}, {"key": "recording-fees", "type": "clause", "offset": [5071, 5085]}, {"key": "appraisal-fees", "type": "definition", "offset": [5091, 5105]}], "hash": "8b7ad82b55ca8e0ff571a3756d9b6d95", "id": 1}, {"samples": [{"hash": "2kwysbQQ2Ee", "uri": "/contracts/2kwysbQQ2Ee#one-time-transfer", "label": "Atlas Cardholder Agreement", "score": 34.5003482682, "published": true}, {"hash": "4LfcUHr7fpO", "uri": "/contracts/4LfcUHr7fpO#one-time-transfer", "label": "Atlas Cardholder Agreement", "score": 33.5489349365, "published": true}, {"hash": "gLvkeiINRsC", "uri": "/contracts/gLvkeiINRsC#one-time-transfer", "label": "Atlas Cardholder Agreement", "score": 33.2671585083, "published": true}], "size": 5, "snippet": "You may use the App to authorize us to make a one-time transfer to us via ACH transfers from their Linked External Account on or before each Due Date. You authorize us to debit or credit your selected payment method to correct any errors, process returned and reversed payments, and similar issues, to the extent permitted by law. \u25cf We may permit additional payment methods from time to time. We may reject any payment not made in accordance with this section.", "snippet_links": [{"key": "the-app", "type": "clause", "offset": [12, 19]}, {"key": "authorize-us-to", "type": "clause", "offset": [23, 38]}, {"key": "transfer-to-us", "type": "clause", "offset": [55, 69]}, {"key": "transfers-from", "type": "definition", "offset": [78, 92]}, {"key": "external-account", "type": "definition", "offset": [106, 122]}, {"key": "due-date", "type": "clause", "offset": [141, 149]}, {"key": "debit-or-credit", "type": "clause", "offset": [171, 186]}, {"key": "selected-payment-method", "type": "definition", "offset": [192, 215]}, {"key": "reversed-payments", "type": "clause", "offset": [260, 277]}, {"key": "to-the-extent-permitted-by-law", "type": "clause", "offset": [299, 329]}, {"key": "payment-methods", "type": "definition", "offset": [358, 373]}, {"key": "from-time-to-time", "type": "clause", "offset": [374, 391]}, {"key": "in-accordance-with", "type": "definition", "offset": [428, 446]}], "hash": "c1ca3cb63dcec3b65d52b5948b7ddfb3", "id": 2}, {"samples": [{"hash": "6A1BVfeRStk", "uri": "/contracts/6A1BVfeRStk#one-time-transfer", "label": "Loan Agreement (Cole Credit Property Trust III, Inc.)", "score": 21.0766601562, "published": true}, {"hash": "jF2zHqhthpq", "uri": "/contracts/jF2zHqhthpq#one-time-transfer", "label": "Loan Agreement (Cole Credit Property Trust III, Inc.)", "score": 21.0, "published": true}], "size": 2, "snippet": "Lender may consent to a one-time transfer of Borrowers\u2019 interest in the Projects to a purchaser, if the Loan is not then in Default and if the Lender approves of the proposed buyer\u2019s ownership structure, financial strength, creditworthiness and management capabilities. The transferee and its principals must assume all of Borrowers\u2019 and Indemnitor\u2019s liabilities and obligations under the terms of the Loan Documents including those liabilities and obligations listed in Section 9.18 hereof. The Borrowers and Indemnitor shall not remain liable for any liabilities and obligations described in the Loan Documents and Recourse Events described in Section 9.18 first occurring after such transfer; however, Borrowers and Indemnitor shall remain liable for any liabilities and obligations in the Loan Documents including the Recourse Events first occurring prior to such transfer. Such a transfer will be conditioned on the execution and delivery of all required documents, and compliance with all of Lender\u2019s standard requirements for similar assumption transfers, together with the payment of an assumption fee of one percent (1%) of the then outstanding principal balance of the Loan and payment of any costs and expenses (including reasonable attorneys fees) of Lender in connection therewith. Lender shall not be obligated to entertain any request from a proposed buyer for the modification of any substantive provision of the Loan Documents. Borrowers, Indemnitor and buyer shall execute all documents and comply with all other standard requirements of Lender in connection therewith.", "snippet_links": [{"key": "lender-may", "type": "definition", "offset": [0, 10]}, {"key": "consent-to", "type": "definition", "offset": [11, 21]}, {"key": "transfer-of", "type": "clause", "offset": [33, 44]}, {"key": "the-projects", "type": "clause", "offset": [68, 80]}, {"key": "in-default", "type": "clause", "offset": [121, 131]}, {"key": "the-lender", "type": "clause", "offset": [139, 149]}, {"key": "proposed-buyer", "type": "definition", "offset": [166, 180]}, {"key": "ownership-structure", "type": "definition", "offset": [183, 202]}, {"key": "financial-strength", "type": "clause", "offset": [204, 222]}, {"key": "the-transferee", "type": "clause", "offset": [270, 284]}, {"key": "the-loan-documents", "type": "clause", "offset": [398, 416]}, {"key": "the-borrowers", "type": "clause", "offset": [492, 505]}, {"key": "recourse-events", "type": "definition", "offset": [617, 632]}, {"key": "prior-to", "type": "definition", "offset": [854, 862]}, {"key": "be-conditioned", "type": "clause", "offset": [899, 913]}, {"key": "delivery-of", "type": "clause", "offset": [935, 946]}, {"key": "required-documents", "type": "clause", "offset": [951, 969]}, {"key": "compliance-with", "type": "clause", "offset": [975, 990]}, {"key": "of-lender", "type": "clause", "offset": [995, 1004]}, {"key": "requirements-for", "type": "clause", "offset": [1016, 1032]}, {"key": "payment-of", "type": "definition", "offset": [1081, 1091]}, {"key": "assumption-fee", "type": "definition", "offset": [1095, 1109]}, {"key": "outstanding-principal-balance-of-the-loan", "type": "definition", "offset": [1142, 1183]}, {"key": "costs-and-expenses", "type": "definition", "offset": [1203, 1221]}, {"key": "reasonable-attorneys", "type": "definition", "offset": [1233, 1253]}, {"key": "in-connection", "type": "clause", "offset": [1270, 1283]}, {"key": "a-proposed", "type": "clause", "offset": [1355, 1365]}, {"key": "modification-of", "type": "clause", "offset": [1380, 1395]}, {"key": "provision-of-the-loan", "type": "clause", "offset": [1412, 1433]}, {"key": "buyer-shall", "type": "clause", "offset": [1471, 1482]}, {"key": "all-documents", "type": "definition", "offset": [1491, 1504]}, {"key": "comply-with", "type": "definition", "offset": [1509, 1520]}], "hash": "c262ff395b01479eb0d5a4565b2f4ce4", "id": 3}, {"samples": [{"hash": "csPB4SQNVEM", "uri": "/contracts/csPB4SQNVEM#one-time-transfer", "label": "Collective Bargaining Agreement", "score": 26.459274292, "published": true}], "size": 2, "snippet": "If an employee affected by a conversion to a YRE calendar elects not to remain at the converting site, by May 1 of the year preceding implementation, the employee may submit a written request for transfer. The employee will have a \u201cone- time\u201d opportunity, based upon classification, to transfer to an open position at another site that is on either a traditional calendar or single\u2010track YRE calendar. The open position must be the same number of hours per week. If more than one employee of the same classification requests a transfer, the employees will interview for the open position. If no position in that classification is currently open, the district shall post the position at the converting site as a \u201cposition open for exchange\u201d. Employees of the same classification at other sites may apply for the exchange. The two site administrators shall interview all applicants. Selection shall be a qualifications and seniority based system to include evaluations, performance, attendance, and interview. If two or more candidates are equal regarding criteria, the applicant with the greatest seniority shall be offered the position. Any employee who has been rejected for such a position, shall be given the reasons for such rejection in writing, if the employee so requests, within five (5) working days. If no one applies for the exchange position, the employee shall remain in place until an equivalent position becomes available. If a vacancy is believed to be improperly filled or if the District has acted arbitrarily, unreasonably or capriciously, the informal discussion of the grievance procedure shall be with the District\u2019s chief personnel officer and any formal grievance shall be initiated at Level 2. The vacancy shall be considered not permanently filled until resolution of the grievance.", "snippet_links": [{"key": "if-an-employee", "type": "clause", "offset": [0, 14]}, {"key": "affected-by", "type": "definition", "offset": [15, 26]}, {"key": "the-year", "type": "definition", "offset": [115, 123]}, {"key": "written-request-for-transfer", "type": "clause", "offset": [176, 204]}, {"key": "employee-will", "type": "clause", "offset": [210, 223]}, {"key": "transfer-to", "type": "definition", "offset": [286, 297]}, {"key": "open-position", "type": "clause", "offset": [301, 314]}, {"key": "the-open", "type": "clause", "offset": [402, 410]}, {"key": "number-of-hours", "type": "definition", "offset": [437, 452]}, {"key": "per-week", "type": "definition", "offset": [453, 461]}, {"key": "employees-will", "type": "clause", "offset": [541, 555]}, {"key": "district-shall", "type": "clause", "offset": [650, 664]}, {"key": "the-position", "type": "clause", "offset": [670, 682]}, {"key": "employees-of-the", "type": "clause", "offset": [741, 757]}, {"key": "other-sites", "type": "definition", "offset": [781, 792]}, {"key": "the-exchange", "type": "clause", "offset": [807, 819]}, {"key": "qualifications-and-seniority", "type": "clause", "offset": [902, 930]}, {"key": "the-applicant", "type": "definition", "offset": [1064, 1077]}, {"key": "any-employee", "type": "clause", "offset": [1137, 1149]}, {"key": "in-writing", "type": "clause", "offset": [1239, 1249]}, {"key": "working-days", "type": "definition", "offset": [1296, 1308]}, {"key": "the-employee-shall", "type": "clause", "offset": [1355, 1373]}, {"key": "in-place", "type": "definition", "offset": [1381, 1389]}, {"key": "equivalent-position", "type": "clause", "offset": [1399, 1418]}, {"key": "informal-discussion", "type": "clause", "offset": [1563, 1582]}, {"key": "the-grievance-procedure", "type": "clause", "offset": [1586, 1609]}, {"key": "chief-personnel-officer", "type": "definition", "offset": [1639, 1662]}, {"key": "formal-grievance", "type": "clause", "offset": [1671, 1687]}, {"key": "level-2", "type": "definition", "offset": [1710, 1717]}], "hash": "1ada67d2bc8899fa2ace489067ca9024", "id": 4}, {"samples": [{"hash": "jCYftEmiLfh", "uri": "/contracts/jCYftEmiLfh#one-time-transfer", "label": "Mortgage and Security Agreement (Baker J Inc)", "score": 18.0, "published": true}], "size": 2, "snippet": "Notwithstanding anything to the contrary contained in this Article 8, Lender shall not unreasonably withhold its consent to a one-time sale, assignment, or other transfer of the Property or a one-time sale or transfer of Borrower or Principal provided that (a) Lender receives thirty (30) days prior written notice of such transfer, (b) no default has occurred and is continuing under this Security Instrument, the Note or the [NY01:247789.4] 86000-00376 12/23/96 4:57pm - 33 - Other Security Documents and (c) upon the satisfaction (in the sole determination of Lender) of such conditions as may be reasonably imposed by Lender, which may include, but shall not be limited to, the following matters:\nA. Borrower shall pay to Lender a processing fee of $4,000 upon request for loan assumption and a transfer fee equal to 1% of the outstanding principal balance of the Loan upon transfer approval;\nB. Borrower shall pay any and all out-of-pocket costs incurred in connection with the transfer (including, without limitation, Lender's counsel fees and disbursements and all recording fees, title insurance premiums and mortgage and intangible taxes);\nC. The proposed transferee (the \"Transferee\") and Transferee's Principals, as hereinafter defined, must have demonstrated expertise as determined by Lender in owning and operating properties similar in location, size and operation to the Property. The term \"Transferee's Principals\" shall include Transferee's (I) managing members, general partners or principal shareholders and (II) such other members, partners or shareholders which shall own a 5% or greater interest in Transferee;", "snippet_links": [{"key": "contained-in", "type": "definition", "offset": [41, 53]}, {"key": "article-8", "type": "definition", "offset": [59, 68]}, {"key": "consent-to", "type": "definition", "offset": [113, 123]}, {"key": "time-sale", "type": "clause", "offset": [130, 139]}, {"key": "transfer-of-the-property", "type": "definition", "offset": [162, 186]}, {"key": "sale-or-transfer", "type": "clause", "offset": [201, 217]}, {"key": "provided-that", "type": "definition", "offset": [243, 256]}, {"key": "notice-of", "type": "clause", "offset": [308, 317]}, {"key": "no-default", "type": "definition", "offset": [337, 347]}, {"key": "security-instrument", "type": "clause", "offset": [390, 409]}, {"key": "the-note", "type": "clause", "offset": [411, 419]}, {"key": "other-security-documents", "type": "definition", "offset": [478, 502]}, {"key": "of-lender", "type": "clause", "offset": [560, 569]}, {"key": "by-lender", "type": "clause", "offset": [619, 628]}, {"key": "borrower-shall", "type": "clause", "offset": [704, 718]}, {"key": "to-lender", "type": "clause", "offset": [723, 732]}, {"key": "processing-fee", "type": "definition", "offset": [735, 749]}, {"key": "loan-assumption", "type": "clause", "offset": [777, 792]}, {"key": "transfer-fee", "type": "definition", "offset": [799, 811]}, {"key": "equal-to", "type": "definition", "offset": [812, 820]}, {"key": "outstanding-principal-balance-of-the-loan", "type": "definition", "offset": [831, 872]}, {"key": "transfer-approval", "type": "definition", "offset": [878, 895]}, {"key": "costs-incurred", "type": "clause", "offset": [945, 959]}, {"key": "in-connection-with", "type": "clause", "offset": [960, 978]}, {"key": "the-transfer", "type": "clause", "offset": [979, 991]}, {"key": "without-limitation", "type": "clause", "offset": [1004, 1022]}, {"key": "counsel-fees-and-disbursements", "type": "clause", "offset": [1033, 1063]}, {"key": "recording-fees", "type": "clause", "offset": [1072, 1086]}, {"key": "title-insurance-premiums", "type": "clause", "offset": [1088, 1112]}, {"key": "mortgage-and-intangible-taxes", "type": "clause", "offset": [1117, 1146]}, {"key": "proposed-transferee", "type": "definition", "offset": [1156, 1175]}, {"key": "operating-properties", "type": "definition", "offset": [1319, 1339]}, {"key": "in-location", "type": "clause", "offset": [1348, 1359]}, {"key": "and-operation", "type": "clause", "offset": [1366, 1379]}, {"key": "the-term", "type": "definition", "offset": [1397, 1405]}, {"key": "managing-members", "type": "definition", "offset": [1463, 1479]}, {"key": "general-partners", "type": "definition", "offset": [1481, 1497]}, {"key": "principal-shareholders", "type": "definition", "offset": [1501, 1523]}, {"key": "other-members", "type": "definition", "offset": [1538, 1551]}], "hash": "125be35aa42771b8c189867e840f2d48", "id": 5}, {"samples": [{"hash": "du1IXVHNEHB", "uri": "/contracts/du1IXVHNEHB#one-time-transfer", "label": "Loan Agreement (First Potomac Realty Trust)", "score": 21.0, "published": true}], "size": 1, "snippet": "(a) Notwithstanding anything to the contrary contained herein, Borrowers shall have the one-time right to transfer all Properties as a group, if the Loan is not in default, if Lender approves the proposed transferee\u2019s ownership structure, financial strength, creditworthiness and management capabilities (which approval shall not be unreasonably withheld) and if Borrowers comply with the following requirements.\n(b) The transferee must assume all of Borrowers\u2019 liabilities and obligations under the terms of the Loan Documents, and the transferee (or other indemnitor reasonably approved by Lender) must assume Indemnitor\u2019s liabilities and obligations under the Indemnification Agreement and under the Environmental Indemnity Agreement.\n(c) The Borrowers and Indemnitor shall not remain liable for any liabilities and obligations described in the Loan Documents first occurring after such transfer, however, Borrowers and Indemnitor shall remain liable for any liabilities and obligations in the Loan Documents first occurring prior to such transfer.\n(d) Such a transfer will be conditioned on the payment of an assumption fee of one percent (1%) of the then outstanding principal balance.\n(e) Lender shall not be obligated to entertain any request from a proposed buyer for the modification of the Loan Documents.\n(f) Any such transfer under this Section 6.6 shall only be effective if the Borrowers deliver (i) notice of the proposed transfer and all information related thereto at least thirty (30) days prior to the proposed transfer date, including evidence reasonably satisfactory to Lender that the conditions to the applicable sale, conveyance, transfer or other vesting set forth in this Section 6.6 will be satisfied.\n(g) Borrowers will be responsible to reimburse Lender for all reasonable expenses incurred in the Assignment, including legal fees and expenses.", "snippet_links": [{"key": "notwithstanding-anything-to-the-contrary-contained", "type": "clause", "offset": [4, 54]}, {"key": "right-to-transfer", "type": "definition", "offset": [97, 114]}, {"key": "all-properties", "type": "clause", "offset": [115, 129]}, {"key": "not-in-default", "type": "clause", "offset": [157, 171]}, {"key": "proposed-transferee", "type": "definition", "offset": [196, 215]}, {"key": "ownership-structure", "type": "definition", "offset": [218, 237]}, {"key": "financial-strength", "type": "clause", "offset": [239, 257]}, {"key": "comply-with-the", "type": "clause", "offset": [373, 388]}, {"key": "the-transferee", "type": "clause", "offset": [417, 431]}, {"key": "the-loan-documents", "type": "clause", "offset": [509, 527]}, {"key": "other-indemnitor", "type": "definition", "offset": [552, 568]}, {"key": "by-lender", "type": "clause", "offset": [589, 598]}, {"key": "the-indemnification-agreement", "type": "clause", "offset": [659, 688]}, {"key": "environmental-indemnity-agreement", "type": "clause", "offset": [703, 736]}, {"key": "the-borrowers", "type": "clause", "offset": [742, 755]}, {"key": "be-conditioned", "type": "clause", "offset": [1077, 1091]}, {"key": "payment-of", "type": "definition", "offset": [1099, 1109]}, {"key": "assumption-fee", "type": "definition", "offset": [1113, 1127]}, {"key": "outstanding-principal-balance", "type": "definition", "offset": [1160, 1189]}, {"key": "proposed-buyer", "type": "definition", "offset": [1257, 1271]}, {"key": "modification-of", "type": "clause", "offset": [1280, 1295]}, {"key": "section-66", "type": "clause", "offset": [1349, 1360]}, {"key": "notice-of-the", "type": "clause", "offset": [1414, 1427]}, {"key": "all-information", "type": "clause", "offset": [1450, 1465]}, {"key": "prior-to-the", "type": "clause", "offset": [1508, 1520]}, {"key": "proposed-transfer-date", "type": "definition", "offset": [1521, 1543]}, {"key": "to-lender", "type": "clause", "offset": [1588, 1597]}, {"key": "applicable-sale", "type": "definition", "offset": [1625, 1640]}, {"key": "other-vesting", "type": "clause", "offset": [1666, 1679]}, {"key": "to-reimburse", "type": "definition", "offset": [1763, 1775]}, {"key": "expenses-incurred", "type": "definition", "offset": [1802, 1819]}, {"key": "the-assignment", "type": "clause", "offset": [1823, 1837]}, {"key": "legal-fees-and-expenses", "type": "clause", "offset": [1849, 1872]}], "hash": "a6a3b3f12c0d62473a08147b8b615163", "id": 6}, {"samples": [{"hash": "eaQwmG55zCB", "uri": "/contracts/eaQwmG55zCB#one-time-transfer", "label": "Loan Agreement (Piedmont Office Realty Trust, Inc.)", "score": 26.4757022858, "published": true}], "size": 1, "snippet": "Notwithstanding Section 5.01, commencing six (6) months subsequent to the date of this Agreement and so long as there is no default under the Documents (or event which with the passage of time or the giving of notice or both would be a default), Lender agrees, upon thirty (30) days\u2019 prior written request, to consent to one transfer of the entire Property by the original Borrower (i.e., Piedmont 1901 Market LLC) if:", "snippet_links": [{"key": "section-501", "type": "clause", "offset": [16, 28]}, {"key": "subsequent-to-the", "type": "clause", "offset": [56, 73]}, {"key": "date-of-this-agreement", "type": "clause", "offset": [74, 96]}, {"key": "default-under", "type": "clause", "offset": [124, 137]}, {"key": "the-documents", "type": "clause", "offset": [138, 151]}, {"key": "passage-of-time", "type": "clause", "offset": [177, 192]}, {"key": "giving-of-notice", "type": "clause", "offset": [200, 216]}, {"key": "a-default", "type": "definition", "offset": [234, 243]}, {"key": "upon-thirty", "type": "clause", "offset": [261, 272]}, {"key": "written-request", "type": "clause", "offset": [290, 305]}, {"key": "consent-to", "type": "definition", "offset": [310, 320]}, {"key": "transfer-of-the", "type": "clause", "offset": [325, 340]}, {"key": "entire-property", "type": "clause", "offset": [341, 356]}, {"key": "the-original-borrower", "type": "clause", "offset": [360, 381]}], "hash": "880ab157b9188317e9b5b327c1a7748e", "id": 7}, {"samples": [{"hash": "bIP5m16S8Tj", "uri": "/contracts/bIP5m16S8Tj#one-time-transfer", "label": "Guaranty of Recourse Obligations (KBS Real Estate Investment Trust III, Inc.)", "score": 25.2710475922, "published": true}], "size": 1, "snippet": "In the event of a One-Time Transfer (as defined in the Deed of Trust), Guarantor will not be relieved of its obligations under this Guaranty with respect to events arising or occurring prior to the date of such transfer. Notwithstanding the foregoing, and subject to Borrower and Guarantor\u2019s full compliance with Section 10.2 of the Deed of Trust, Guarantor shall be released from its obligations under this Guaranty with respect to events arising or occurring after the date of a One-Time Transfer.", "snippet_links": [{"key": "in-the-event-of-a", "type": "clause", "offset": [0, 17]}, {"key": "the-deed-of-trust", "type": "clause", "offset": [51, 68]}, {"key": "this-guaranty", "type": "clause", "offset": [127, 140]}, {"key": "with-respect-to", "type": "clause", "offset": [141, 156]}, {"key": "prior-to-the", "type": "clause", "offset": [185, 197]}, {"key": "date-of", "type": "clause", "offset": [198, 205]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [221, 250]}, {"key": "borrower-and-guarantor", "type": "clause", "offset": [267, 289]}, {"key": "compliance-with-section", "type": "clause", "offset": [297, 320]}], "hash": "b20d896dc03513e4389eeacd48884898", "id": 8}, {"samples": [{"hash": "8rlZqkZTDJB", "uri": "/contracts/8rlZqkZTDJB#one-time-transfer", "label": "Loan Agreement (Commercial Assets Inc)", "score": 18.0, "published": true}], "size": 1, "snippet": "Right Notwithstanding the foregoing, Lender shall consent to a one-time transfer of the Project to a purchaser, if the Loan is not in default and if Lender approves of the proposed buyer's ownership structure, financial strength, creditworthiness and management capabilities. The transferee and its principals must assume all of Borrower's liabilities and obligations under the terms of the Loan Documents including those liabilities and obligations listed in Section 9.18, clauses (i) through (xii). Borrower and Indemnitor shall not remain liable for any liabilities and obligations described in the Loan Documents and at Section 9.18, clauses (i) through (xii) of the Loan first occurring after such transfer; however, Borrower and Indemnitor shall remain liable for any liabilities and obligations in the Loan Documents and at Section 9.18 clauses (i) through (xii) first occurring prior to such transfer. Such a transfer will be conditioned on the payment of an assumption fee of one percent (1%) of the then outstanding principal balance. Lender shall not be obligated to entertain any request from a proposed buyer for the modification of the Loan Documents.", "snippet_links": [{"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [6, 35]}, {"key": "consent-to", "type": "definition", "offset": [50, 60]}, {"key": "transfer-of-the-project", "type": "clause", "offset": [72, 95]}, {"key": "not-in-default", "type": "clause", "offset": [127, 141]}, {"key": "proposed-buyer", "type": "definition", "offset": [172, 186]}, {"key": "ownership-structure", "type": "definition", "offset": [189, 208]}, {"key": "financial-strength", "type": "clause", "offset": [210, 228]}, {"key": "the-transferee", "type": "clause", "offset": [276, 290]}, {"key": "all-of-borrower", "type": "definition", "offset": [322, 337]}, {"key": "the-loan-documents", "type": "clause", "offset": [387, 405]}, {"key": "prior-to", "type": "definition", "offset": [886, 894]}, {"key": "be-conditioned", "type": "clause", "offset": [931, 945]}, {"key": "payment-of", "type": "definition", "offset": [953, 963]}, {"key": "assumption-fee", "type": "definition", "offset": [967, 981]}, {"key": "outstanding-principal-balance", "type": "definition", "offset": [1014, 1043]}, {"key": "a-proposed", "type": "clause", "offset": [1105, 1115]}, {"key": "modification-of", "type": "clause", "offset": [1130, 1145]}], "hash": "9628dc742033f94b97fc3f47a8bfaff4", "id": 9}, {"samples": [{"hash": "bWAkLPaGrBz", "uri": "/contracts/bWAkLPaGrBz#one-time-transfer", "label": "Loan Agreement (Chesapeake Lodging Trust)", "score": 25.5735797882, "published": true}], "size": 1, "snippet": "Borrower shall have a one-time right to Transfer the Property, subject to the following conditions:\n(a) there being no event of default under the Loan Documents, the Environmental Indemnity or the Guaranty at the time of the Transfer;\n(b) Lender\u2019s approval of the transferee, which approval shall not be unreasonably withheld;\n(c) the transferee shall be able to make the ERISA representations set forth in Section 4.1.8 hereof and the USA Patriot Act representations set forth in Section 4.1.31 hereof;\n(d) the Debt Yield must be not less than twelve (12%) percent;\n(e) the Loan to Value Ratio of the Property at the time of the Transfer shall not be greater than fifty (50%) percent based on an Appraisal;\n(f) Borrower or the transferee shall pay a fee equal to one percent (1%) of the outstanding principal balance of the Note at the time of the assumption, together with a non-refundable processing fee in the amount of $25,000.00;\n(g) the transferee shall expressly assume the Loan Documents and the Environmental Indemnity in a manner satisfactory to Lender as to periods from and after the date of Transfer and an additional guarantor acceptable to Lender shall execute the Guaranty and the Environmental Indemnity with respect to events arising or occurring from and after the date of the Transfer, which additional guarantor must have (in the aggregate if more than one) a net worth of not less than $650,000,000.00;\n(h) the transferee must have a net worth not less than $250,000,000.00;\n(i) the transferee must be experienced in the ownership and leasing of properties similar to the Property and retain the Manager or a Qualified Hotel Manager, in either case pursuant to an Approved Management Agreement; and\n(j) Borrower or transferee shall pay all costs and expenses incurred by Lender in connection with the Transfer, including title insurance premiums, documentation costs and reasonable attorneys\u2019 fees. Notwithstanding anything to the contrary contained herein, no transfer shall release Borrower or Guarantor from their obligations under the Loan Documents, the Environmental Indemnity or the Guaranty with respect to events arising or occurring prior to the date of Transfer.", "snippet_links": [{"key": "borrower-shall", "type": "clause", "offset": [0, 14]}, {"key": "right-to-transfer", "type": "definition", "offset": [31, 48]}, {"key": "the-property", "type": "clause", "offset": [49, 61]}, {"key": "subject-to-the-following-conditions", "type": "clause", "offset": [63, 98]}, {"key": "event-of-default-under-the-loan-documents", "type": "clause", "offset": [119, 160]}, {"key": "environmental-indemnity", "type": "clause", "offset": [166, 189]}, {"key": "the-guaranty", "type": "clause", "offset": [193, 205]}, {"key": "time-of-the", "type": "clause", "offset": [213, 224]}, {"key": "approval-of", "type": "definition", "offset": [248, 259]}, {"key": "the-transferee", "type": "clause", "offset": [260, 274]}, {"key": "erisa-representations", "type": "clause", "offset": [372, 393]}, {"key": "patriot-act-representations", "type": "clause", "offset": [440, 467]}, {"key": "debt-yield", "type": "clause", "offset": [512, 522]}, {"key": "ratio-of", "type": "clause", "offset": [589, 597]}, {"key": "based-on", "type": "definition", "offset": [685, 693]}, {"key": "equal-to", "type": "definition", "offset": [755, 763]}, {"key": "outstanding-principal-balance-of-the-note", "type": "definition", "offset": [788, 829]}, {"key": "the-assumption", "type": "clause", "offset": [845, 859]}, {"key": "a-non", "type": "clause", "offset": [875, 880]}, {"key": "processing-fee", "type": "definition", "offset": [892, 906]}, {"key": "to-lender", "type": "clause", "offset": [1054, 1063]}, {"key": "date-of-transfer", "type": "definition", "offset": [1097, 1113]}, {"key": "additional-guarantor", "type": "definition", "offset": [1121, 1141]}, {"key": "with-respect-to", "type": "clause", "offset": [1222, 1237]}, {"key": "in-the-aggregate", "type": "definition", "offset": [1345, 1361]}, {"key": "net-worth", "type": "clause", "offset": [1382, 1391]}, {"key": "similar-to", "type": "definition", "offset": [1580, 1590]}, {"key": "the-manager", "type": "definition", "offset": [1615, 1626]}, {"key": "hotel-manager", "type": "clause", "offset": [1642, 1655]}, {"key": "pursuant-to", "type": "definition", "offset": [1672, 1683]}, {"key": "approved-management-agreement", "type": "definition", "offset": [1687, 1716]}, {"key": "expenses-incurred-by-lender", "type": "clause", "offset": [1773, 1800]}, {"key": "in-connection-with", "type": "clause", "offset": [1801, 1819]}, {"key": "title-insurance-premiums", "type": "clause", "offset": [1844, 1868]}, {"key": "documentation-costs", "type": "definition", "offset": [1870, 1889]}, {"key": "reasonable-attorneys", "type": "definition", "offset": [1894, 1914]}, {"key": "notwithstanding-anything-to-the-contrary-contained", "type": "clause", "offset": [1922, 1972]}, {"key": "no-transfer", "type": "clause", "offset": [1981, 1992]}, {"key": "release-borrower", "type": "definition", "offset": [1999, 2015]}, {"key": "obligations-under-the-loan-documents", "type": "clause", "offset": [2040, 2076]}, {"key": "prior-to-the", "type": "clause", "offset": [2166, 2178]}], "hash": "b68eb2c5fda64ffe03d7d609a95c8f33", "id": 10}], "next_curs": "CloSVGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjYLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhpvbmUtdGltZS10cmFuc2ZlciMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"parents": [["card-terms", "CARD TERMS"], ["payments", "Payments"], ["payment-methods", "Payment Methods"], ["assignments", "Assignments"], ["additional-advances-expenses-subrogation", "Additional Advances Expenses Subrogation"]], "size": 23, "children": [["shifts", "Shifts"], ["posting-of-open-positions", "Posting of Open Positions"], ["vacation-scheduling", "Vacation Scheduling"], ["work-load", "Work Load"], ["holidays", "Holidays"]], "title": "One-Time Transfer", "id": "one-time-transfer", "related": [["free-transfer", "Free Transfer", "Free Transfer"], ["share-transfer", "Share Transfer", "Share Transfer"], ["stop-transfer", "Stop Transfer", "Stop Transfer"], ["sale-and-transfer-of-shares-closing", "Sale and Transfer of Shares Closing", "Sale and Transfer of Shares Closing"], ["stop-transfer-instruction", "Stop Transfer Instruction", "Stop Transfer Instruction"]], "related_snippets": [], "updated": "2025-07-10T04:27:38+00:00"}, "json": true, "cursor": ""}}