Common use of Status quo Clause in Contracts

Status quo. Except as expressly permitted herein or except with the written consent of Huntington, which consent may be withheld in Huntington's sole discretion, Borrower shall not (a) sell, assign, mortgage, pledge, lease (except for leases in the ordinary course of Borrower's business) or otherwise convey or further encumber the Mortgaged Property, or any portion thereof, or legal, equitable or beneficial interest therein; (b) sell, assign, pledge or otherwise transfer any beneficial interests in Borrower which individually or in the aggregate would have the effect of transferring the power to direct the operations of Borrower or the Mortgaged Property; (c) contract for any of the same; (d) permit the Mortgaged Property, or any portion thereof, or legal, equitable or beneficial interest therein, to be subject to any superior or inferior lien or encumbrance; (e) subdivide, resubdivide or submit to the condominium form of ownership all or any portion of the Mortgaged Property, or any portion thereof; or (f) initiate or acquiesce in any change in the zoning classification of the Property or any portion thereof.

Status quo. Except as expressly permitted herein or except with the written consent of HuntingtonLender, which consent may be withheld in HuntingtonLender's sole discretion, Borrower shall not (a) sell, assign, mortgage, pledge, lease (except for leases in the ordinary course of Borrower's business) or otherwise convey or further encumber the Mortgaged Property, or any portion thereof, or legal, equitable or beneficial interest therein; (b) sell, assign, pledge or otherwise transfer any beneficial interests in Borrower which individually or in the aggregate would have the effect of transferring the power to direct the operations of Borrower or the Mortgaged Property; (c) contract for any of the same; (d) permit the Mortgaged Property, or any portion thereof, or legal, equitable or beneficial interest therein, to be subject to any superior or inferior lien or encumbrance; (e) subdivide, resubdivide or submit to the condominium form of ownership all or any portion of the Mortgaged Property, or any portion thereof; or (f) initiate or acquiesce in any change in the zoning classification of the Property or any portion thereof.

Status quo. Except Subject to the provisions contained in the partial release provision provided for herein in Section 29 and except as expressly permitted herein or except with the written consent of Huntington, which consent may be withheld in Huntington's sole discretion, Borrower shall not (a) sell, assign, mortgage, pledge, ground lease (except for leases in the ordinary course of Borrower's business) or otherwise convey or further encumber the Mortgaged Property, or any portion thereof, or legal, equitable or beneficial interest therein; (b) sell, assign, pledge or otherwise transfer any beneficial interests in Borrower which individually or in the aggregate would have the effect of transferring the power to direct the operations of Borrower or the Mortgaged Property; (c) contract for any of the same; (d) permit the Mortgaged Property, or any portion thereof, or legal, equitable or beneficial interest therein, to be subject to any superior or inferior lien or encumbrance; (e) subdivide, resubdivide or submit to the condominium form of ownership all or any portion of the Mortgaged Property, or any portion thereof; or (f) initiate or acquiesce in any change in the zoning classification of the Property or any portion thereof.

Status quo. Except as expressly permitted herein or except with the written consent of Huntington, which consent may be withheld in Huntington's sole discretion, Borrower Trustor shall not (a) sell, assign, mortgage, pledge, lease (except for leases of storerooms in the ordinary course of Borrower's business) or otherwise convey or further encumber the Mortgaged Trust Property, or any portion thereof, or legal, equitable or beneficial interest therein; (b) sell, assign, pledge or otherwise transfer any beneficial interests in Borrower Trustor which individually or in the aggregate would have the effect of transferring the power to direct the operations of Borrower Trustor or the Mortgaged Trust Property; (c) contract for any of the same; (d) permit the Mortgaged Trust Property, or any portion thereof, or legal, equitable or beneficial interest therein, to be subject to any superior or inferior lien or encumbranceencumbrance except as provided in the Permitted Encumbrances; (e) subdivide, resubdivide resubdivided or submit to the condominium form of ownership all or any portion of the Mortgaged Trust Property, or any portion thereof; or (f) initiate or acquiesce in any change in the zoning classification of the Property or any portion thereof.

Status quo. Except as expressly permitted herein or except with the written consent of HuntingtonBeneficiary, which consent may be withheld in HuntingtonBeneficiary's sole discretion, Borrower Trustor shall not (a) sell, assign, mortgage, pledge, lease (except for leases of storerooms in the ordinary course of Borrower's business) or otherwise convey or further encumber the Mortgaged Trust Property, or any portion thereof, or legal, equitable or beneficial interest therein; (b) sell, assign, pledge or otherwise transfer any beneficial interests in Borrower Trustor which individually or in the aggregate would have the effect of transferring the power to direct the operations of Borrower Trustor or the Mortgaged Trust Property; (c) contract for any of the same; (d) permit the Mortgaged Trust Property, or any portion thereof, or legal, equitable or beneficial interest therein, to be subject to any superior or inferior lien or encumbranceencumbrance except as provided in the Permitted Encumbrances; (e) subdivide, resubdivide resubdivided or submit to the condominium form of ownership all or any portion of the Mortgaged Trust Property, or any portion thereof; or (f) initiate or acquiesce in any change in the zoning classification of the Property or any portion thereof.