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. [NO RIGHT TO TRANSFER].
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. (a) Subject to the terms of this Section 21, repayment in full of the Indebtedness is due on sale and/or on refinancing of the Mortgaged Property in a manner inconsistent with the NLRP Loan Agreement, including without limitation payment of all principal and accrued and unpaid interest, absent Permanent Lender’s written waiver. Permanent Lender may, in its sole discretion, allow the transferee to assume the remaining Indebtedness.
TRANSFERS OF THE MORTGAGED PROPERTY OR INTERESTS IN BORROWER. So long as the Loan is held by HUD, Borrower shall not, without the prior written approval of HUD, convey, assign, transfer, pledge, hypothecate, encumber or otherwise dispose of the Mortgaged Property or any interest therein or permit the conveyance, assignment or transfer of any interest in Borrower (if the effect of such conveyance, assignment or transfer is the creation or elimination of a Principal), unless permitted with HUD approval. Borrower need not obtain the prior written approval of HUD for: (1) a conveyance of the Mortgaged Property at a judicial or non-judicial foreclosure sale under this Security Instrument, (2) inclusion of the Mortgaged Property in a bankruptcy estate by operation of law under the United States Bankruptcy Code, or (3) acquisition of an interest by inheritance or by Court decree.
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
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.
