Common use of No Sale/Encumbrance Clause in Contracts

No Sale/Encumbrance. Borrower agrees that Borrower shall not, without the prior written consent of Lender, sell, convey, mortgage, grant, bargain, encumber, pledge, assign, or otherwise transfer the Property or any part thereof or permit the Property or any part thereof to be sold, conveyed, mortgaged, granted, bargained, encumbered, pledged, assigned, or otherwise transferred, unless Lender shall consent thereto in accordance with SECTION 6.4 hereof.

Appears in 10 contracts

Samples: Mortgage and Security Agreement (Glimcher Realty Trust), Mortgage and Security Agreement (Glimcher Realty Trust), Mortgage and Security Agreement (Glimcher Realty Trust)

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No Sale/Encumbrance. Borrower agrees that Borrower shall not, without the prior written consent of Lender, sell, convey, mortgage, grant, bargain, encumber, pledge, assign, or otherwise transfer the Property or any part thereof or permit the Property or any part thereof to be sold, conveyed, mortgaged, granted, bargained, encumbered, pledged, assigned, or otherwise transferred, unless Lender shall consent thereto in accordance with SECTION 6.4 hereof.

Appears in 8 contracts

Samples: Trust, Security Agreement (NNN Apartment REIT, Inc.), Management Agreement (Sl Green Realty Corp), And Consolidated Mortgage and Security Agreement (Alexanders Inc)

No Sale/Encumbrance. Borrower agrees that (a) Borrower shall not, without the prior written consent of Lender, not sell, convey, mortgage, grant, bargain, encumber, pledge, assign, grant options with respect to, or otherwise transfer or dispose of (directly or indirectly, voluntarily or involuntarily, by operation of law or otherwise, and whether or not for consideration or of record) the Property or any part thereof or permit any legal or beneficial interest therein (collectively a "Transfer"), other than pursuant to Leases of space in the Property or any part thereof Improvements to be sold, conveyed, mortgaged, granted, bargained, encumbered, pledged, assigned, or otherwise transferred, unless Lender shall consent thereto tenants in accordance with SECTION 6.4 hereofthe provisions hereof without the prior written consent of Lender.

Appears in 2 contracts

Samples: Convertible Promissory Notes        Agreement (Minrad International, Inc.), Mortgage and Security Agreement (Polymer Research Corp of America)

No Sale/Encumbrance. Borrower agrees that Borrower shall not, without the prior written consent of Lender, sell, convey, mortgage, grant, bargain, encumber, pledge, assign, or otherwise transfer the Property or any part thereof or permit the Property or any part thereof to be sold, conveyed, mortgaged, granted, bargained, encumbered, pledged, assigned, or otherwise transferred, unless Lender shall consent thereto in accordance with SECTION Section 6.4 hereof.

Appears in 2 contracts

Samples: Trust and Security Agreement (Glimcher Realty Trust), Trust and Security Agreement (Glimcher Realty Trust)

No Sale/Encumbrance. (a) Borrower agrees that Borrower shall ------------------- not, without the prior written consent of Lender, sell, convey, mortgage, grant, bargain, encumber, pledge, assign, or otherwise transfer the Property or any part thereof or permit the Property or any part thereof to be sold, conveyed, mortgaged, granted, bargained, encumbered, pledged, assigned, or otherwise transferred, unless Lender shall consent thereto in accordance with SECTION 6.4 hereof.

Appears in 1 contract

Samples: Trust and Security Agreement (Archon Corp)

No Sale/Encumbrance. Borrower agrees that Borrower shall not, without the prior written consent of Lender, sell, convey, mortgage, grant, bargain, encumber, pledge, assign, or otherwise transfer the Property or any part thereof or permit the Property or any part thereof to be sold, conveyed, mortgaged, granted, bargained, encumbered, pledged, assigned, or otherwise transferred, unless Lender shall consent thereto in accordance with SECTION 6.4 hereofexcept for the Permitted Exceptions.

Appears in 1 contract

Samples: Extension Agreement (Unitel Video Inc/De)

No Sale/Encumbrance. Borrower agrees that Except as expressly permitted in the Loan Agreement, or herein, Borrower shall not, without the prior written consent of Lender, sell, convey, mortgage, grant, bargain, encumber, pledge, assign, or otherwise transfer the Property or any part thereof or permit the Property or any part thereof to be sold, conveyed, mortgaged, granted, bargained, encumbered, pledged, assigned, or otherwise transferred, unless Lender shall consent thereto in accordance with SECTION 6.4 hereof.

Appears in 1 contract

Samples: Empire Resorts Inc

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No Sale/Encumbrance. Borrower agrees that Borrower shall not, without the prior written consent of Lender, sell, convey, mortgage, grant, bargain, encumber, pledge, assign, or otherwise transfer the Property or any part thereof or permit the Property or any part thereof to be sold, conveyed, mortgaged, granted, bargained, encumbered, pledged, assigned, or otherwise transferred, unless Lender shall consent thereto except as otherwise permitted in accordance with SECTION 6.4 hereofthe Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Entertainment Properties Trust)

No Sale/Encumbrance. Borrower agrees that Borrower shall not, without the prior written consent of Lender, sell, convey, mortgage, grant, bargain, encumber, pledge, pledge assign, or otherwise transfer the Property or any part thereof or permit the Property or any part thereof to be sold, conveyed, mortgaged, granted, bargained, encumbered, pledged, assigned, or otherwise transferred, unless Lender shall consent thereto in accordance with SECTION 6.4 hereof.

Appears in 1 contract

Samples: Assumption and Release Agreement (Blue Ridge Real Estate Co)

No Sale/Encumbrance. Except as permitted herein and under ------------------- the terms and conditions contained in the Loan Agreement, Borrower agrees that Borrower shall not, without the prior written consent of Lender, sell, convey, mortgage, grant, bargain, encumber, pledge, assign, or otherwise transfer the Property or any part thereof or permit the Property or any part thereof to be sold, conveyed, mortgaged, granted, bargained, encumbered, pledged, assigned, or otherwise transferred, unless Lender shall consent thereto in accordance with SECTION 6.4 hereof.

Appears in 1 contract

Samples: Agreement (Sl Green Realty Corp)

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