Common use of Acceptable Ground Leases Clause in Contracts

Acceptable Ground Leases. Each of Parent and Borrower shall not, and shall not permit any other member of the Consolidated Group to: (a) without the prior written consent of Administrative Agent, surrender the leasehold estate created by any Acceptable Ground Lease or terminate or cancel any Acceptable Ground Lease or materially modify, change, supplement, alter, or amend any Acceptable Ground Lease, either orally or in writing; or (b) without the prior written consent of Administrative Agent, sublet (other than space leases in the ordinary course of business) any portion of any Unencumbered Property held pursuant to an Acceptable Ground Lease.

Appears in 3 contracts

Samples: Credit Agreement (Armada Hoffler Properties, Inc.), Credit Agreement (Armada Hoffler Properties, Inc.), Credit Agreement (Armada Hoffler Properties, Inc.)

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Acceptable Ground Leases. Each of Parent Borrower and Borrower each other Loan Party shall not, and shall not permit any other member of the Consolidated Group to: (a) without the prior written consent of Administrative Agent, surrender the leasehold estate created by any Acceptable Ground Lease or terminate or cancel any Acceptable Ground Lease or materially modify, change, supplement, alter, or amend any Acceptable Ground Lease, either orally or in writing; or (b) without the prior written consent of Administrative Agent, sublet (other than space leases in the ordinary course of business) any portion of any Unencumbered Property held pursuant to an Acceptable Ground Lease.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Invesco Real Estate Income Trust Inc.), Revolving Credit Agreement (Invesco Real Estate Income Trust Inc.)

Acceptable Ground Leases. Each of Parent and Borrower shall not, and shall not permit any other member of the Consolidated Group to: (a) without the prior written consent of Administrative Agent, surrender the leasehold estate created by any Acceptable Ground Lease or terminate or cancel any Acceptable Ground Lease or materially modify, change, supplement, alter, or amend any Acceptable Ground Lease, either orally or in writing; or (b) without the prior written consent of Administrative Agent, sublet (other than space leases in the ordinary course of business) any portion of any Unencumbered Borrowing Base Property held pursuant to an Acceptable Ground Lease.

Appears in 1 contract

Samples: Credit Agreement (Armada Hoffler Properties, Inc.)

Acceptable Ground Leases. Each of Parent Borrower and Borrower each other Loan Party shall not, and shall not permit any other member of the Consolidated Group to: : (a) without the prior written consent of Administrative Agent, surrender the leasehold estate created by any Acceptable Ground Lease or terminate or cancel any Acceptable Ground Lease or materially modify, change, supplement, alter, or amend any Acceptable Ground Lease, either orally or in writing; or or (b) without the prior written consent of Administrative Agent, sublet (other than space leases in the ordinary course of business) any portion of any Unencumbered Property held pursuant to an Acceptable Ground Lease.

Appears in 1 contract

Samples: Revolving Credit Agreement (Invesco Real Estate Income Trust Inc.)

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Acceptable Ground Leases. Each of Parent and Borrower shall not, and shall not permit any other member of the Consolidated Group to: (a) without the prior written consent of Administrative Agent, surrender the leasehold estate created by any Acceptable Ground Lease or terminate or cancel any Acceptable Ground Lease or materially modify, change, supplement, alter, or amend any Acceptable Ground Lease, either orally or in writing; or (b) without the prior written consent of Administrative Agent, sublet (other than space leases in the ordinary course of business) any portion of any Unencumbered Borrowing Base Property held pursuant to an Acceptable Ground Lease.

Appears in 1 contract

Samples: Credit Agreement (Armada Hoffler Properties, Inc.)

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