Assignability by Lender. Lender may, without notice to Guarantor, assign or transfer the Loans and the Loan Documents, in whole or in part. In such event, each and every immediate and successive assignee, transferee or holder of all or any part of the Loans and the Loan Documents shall have the right to enforce this Guaranty, by legal action or otherwise, as fully as if such assignee, transferee, or holder were by name specifically given such right and power in this Guaranty. Lender shall have an unimpaired right to enforce this Guaranty for its benefit as to so much of the Loans and the Loan Documents as Lender has not sold, assigned or transferred.
Appears in 10 contracts
Samples: Guaranty (VMS National Properties Joint Venture), Guaranty (VMS National Properties Joint Venture), Guaranty (VMS National Properties Joint Venture)
Assignability by Lender. Lender may, without notice to Guarantor, assign or transfer the Loans Advances and the Loan Documents, in whole or in part. In such event, each and every immediate and successive assignee, transferee or holder of all or any part of the Loans Advances and the Loan Documents shall have the right to enforce this Guaranty, by legal action or otherwise, as fully as if such assignee, transferee, or holder were by name specifically given such right and power in this Guaranty. Lender shall have an unimpaired right to enforce this Guaranty for its benefit as to so much of the Loans Advances and the Loan Documents as Lender has not sold, assigned or transferred.
Appears in 2 contracts
Samples: Master Credit Facility Agreement (Sun Communities Inc), Master Credit Facility Agreement (Bre Properties Inc /Md/)
Assignability by Lender. Lender may, without notice to Guarantor, assign or transfer the Loans Advances and the Loan Documents, in whole or in part. In such event, each and every immediate and successive assignee, transferee or holder of all or any part of the Loans Advances and the Loan Documents shall have the right to enforce this Guaranty, by legal action or otherwise, as fully as if such assignee, transferee, or holder were by name specifically given such right and power in this Guaranty. Lender shall have an unimpaired right to enforce this Guaranty for its benefit as to so much of the Loans Advances and the Loan Documents as Lender has not sold, assigned or transferred. Guarantor shall not assign this Guaranty, or delegate any of its obligations hereunder, without the prior written consent of Lender.
Appears in 1 contract
Samples: Master Credit Facility Agreement (Bre Properties Inc /Md/)
Assignability by Lender. Lender may, without notice to Guarantor, assign or transfer the Loans Loan and the Loan Documents, in whole or in part. In such event, each and every immediate and successive assignee, transferee or holder of all or any part of the Loans Loan and the Loan Documents shall have the right to enforce this Guaranty, by legal action or otherwise, as fully as if such assignee, transferee, or holder were by name specifically given such right and power in this Guaranty. Lender shall have an unimpaired right to enforce this Guaranty for its benefit as to so much of the Loans Loan and the Loan Documents as Lender has not sold, assigned or transferred.
Appears in 1 contract
Assignability by Lender. Lender may, without notice to Guarantor, assign or transfer the Loans Term Loan and the Loan Documents, in whole or in part. In such event, each and every immediate and successive assignee, transferee or holder of all or any part of the Loans Term Loan and the Loan Documents shall have the right to enforce this Guaranty, by legal action or otherwise, as fully as if such assignee, transferee, or holder were by name specifically given such right and power in this Guaranty. Lender shall have an unimpaired right to enforce this Guaranty for its benefit as to so much of the Loans Term Loan and the Loan Documents as Lender has not sold, assigned or transferred.
Appears in 1 contract
Samples: Key Principal Guaranty and Indemnity Agreement (Senior Housing Properties Trust)
Assignability by Lender. Lender may, without notice to Guarantor, assign or transfer the Loans Advances and the Loan Documents, in whole or in part. In such event, each and every immediate and successive assignee, transferee or holder of all or any part of the Loans Advances and the Loan Documents shall have the right to enforce this Guaranty, by legal action or otherwise, as fully as if such assignee, transferee, or holder were by name specifically given such right and power in this Guaranty. Lender shall have an unimpaired right to enforce this Guaranty for its benefit as to so much of the Loans Advances and the Loan Documents as Lender has not sold, assigned or transferred. Guarantor shall not assign this Guaranty, or delegate any of its obligations hereunder, without the prior written consent of lender.
Appears in 1 contract
Samples: Master Credit Facility Agreement (Colonial Properties Trust)