Common use of Agreements related to the Property Clause in Contracts

Agreements related to the Property. Without the prior written consent of Lender, which may be given or withheld in Lender’s sole discretion, neither Borrower nor any Borrower-Related Party shall enter into, amend, modify or terminate any agreement related to the Collateral that reasonably would be expected to hinder, delay or impair the timely payment of the Debt or the performance by Borrower or any Borrower-Related party of any obligations under the Loan Documents, or that could have a material adverse effect on the value of the Collateral or Lender’s Liens against the Collateral.

Appears in 5 contracts

Samples: Loan Agreement (United Development Funding Income Fund V), Loan Agreement (United Development Funding Income Fund V), Loan Agreement (United Development Funding Income Fund V)

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Agreements related to the Property. Without the prior written consent of Lender, which may be given or withheld in Lender’s sole discretion, neither Borrower nor any Borrower-Related Party shall enter into, amend, modify or terminate any agreement related to the Collateral that reasonably would be expected to hinder, delay or impair the timely payment of the Debt or the performance by Borrower or any Borrower-Related party Party of any obligations under the Loan Documents, or that could have a material adverse effect on the value of the Collateral or Lender’s Liens against the Collateral.

Appears in 1 contract

Samples: Loan Agreement (United Development Funding Income Fund V)

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