TRANSFERS OF THE MORTGAGED PROPERTY OR INTERESTS IN BORROWER. Upon the occurrence of a Transfer prohibited by or requiring Lender’s approval (if applicable) under this Article VII, Lender may, in Lender’s Discretion, by Notice to Borrower and the proposed transferee(s), modify or render void, any or all of the negotiated modifications to the Loan Documents (and/or deferral of deposits to Reserve Funds) as a condition to Lender’s consent to the proposed Transfer.
TRANSFERS OF THE MORTGAGED PROPERTY OR INTERESTS IN BORROWER. (a) The occurrence of any of the following events shall constitute an Event of Default under this Instrument:
TRANSFERS OF THE MORTGAGED PROPERTY OR INTERESTS IN BORROWER. [RIGHT TO UNLIMITED TRANSFERS -- WITH LENDER APPROVAL]. Notwithstanding anything to the contrary in this Section 21, no Transfer will be permitted under this Section 21 unless the provisions of Section 33 are satisfied.
TRANSFERS OF THE MORTGAGED PROPERTY OR INTERESTS IN BORROWER. SECTION 5.01 Transfers and Events that Constitute an Event of Default. Subject to the provisions of Section 5.02, the occurrence of any of the following events shall constitute an Event of Default under this Agreement and each Security Instrument:
TRANSFERS OF THE MORTGAGED PROPERTY OR INTERESTS IN BORROWER. [NO RIGHT TO TRANSFER].
TRANSFERS OF THE MORTGAGED PROPERTY OR INTERESTS IN BORROWER. The provisions of Sections 8.12, 8.13 and 8.14 of the Master Agreement, which provide, inter alia, that certain Transfers of the Mortgaged Property (or any interests therein) or of certain direct or indirect interests in the Borrower or the Guarantor constitute Events of Default, are incorporated herein by reference as if fully set forth herein.
TRANSFERS OF THE MORTGAGED PROPERTY OR INTERESTS IN BORROWER. (a) Borrower hereby covenants and agrees not to sell, transfer or otherwise dispose of the Project, or any portion thereof, without obtaining the prior written consent of LHC, which consent shall be in LHC's sole and reasonable discretion. Absent LHC’s written consent and subject to the terms of this Section 20, 100% of the Indebtedness, including without limitation, payment of all principal and accrued and unpaid interest, is due upon any sale or refinancing of the Project, (other than for the purpose of refinancing all or any part of any loan secured by a mortgage which is senior to this Mortgage, including reasonable and necessary costs associated with the closing and/or the refinancing, as long as (1) such refinancing of all or any part of such senior loan does not require LHC to modify the terms of its Loan Documents or otherwise extend the term of the Indebtedness, and (2) the aggregate principal amount of the senior loan is not increased beyond the amount necessary to cover reasonable and necessary costs associated with the closing and/or refinancing). LHC may, in its sole and reasonable discretion, allow the transferee to assume the remaining Indebtedness, and/or may accept less than 100% of the amounts then due, but such waiver will not constitute forgiveness of any Indebtedness.
TRANSFERS OF THE MORTGAGED PROPERTY OR INTERESTS IN BORROWER. RIGHT TO UNLIMITED TRANSFERS -- WITH LENDER APPROVAL.
TRANSFERS OF THE MORTGAGED PROPERTY OR INTERESTS IN BORROWER. (a) Subject to the terms of this Section 21, 100% of the Indebtedness, including without limitation, payment of all principal and accrued and unpaid interest, is due upon a transfer of the Project, however, notwithstanding the foregoing, depending on the nature of the transferee (e.g., a qualified nonprofit organization, governmental agency tenant group or resident management corporation under a qualified contract), Lender may, in its sole discretion, allow the transferee to assume the remaining Indebtedness.
TRANSFERS OF THE MORTGAGED PROPERTY OR INTERESTS IN BORROWER. (a) The occurrence of any of the following events shall constitute an Event of Default under this Instrument: Xxxxxx Mae Multifamily Security Instrument - Form 4033
