Common use of TRANSFERS OF THE MORTGAGED PROPERTY OR INTERESTS IN BORROWER Clause in Contracts

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. Upon the occurrence of a Transfer prohibited by or requiring LenderXxxxxx’s approval (if applicable) under this Article VII, Lender may, in LenderXxxxxx’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. Upon the occurrence of a Transfer prohibited by or requiring Lender’s 's approval (if applicable) under this Article VII, Lender may, in Lender’s '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 's consent to the proposed Transfer.