Common use of Assumption Agreement Clause in Contracts

Assumption Agreement. Under the terms of the proposed transfer, the proposed transferee shall assume the Loan, without modification, under the terms of an assumption agreement and additional documentation reasonably satisfactory to the Lender in form and substance.

Appears in 5 contracts

Samples: Credit Agreement, Oxford Residential Properties I LTD Partnership, Consolidated Capital Growth Fund

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Assumption Agreement. Under the terms of the proposed transfer, the proposed transferee shall assume the Loan, without modification, under the terms of an assumption agreement and additional documentation reasonably satisfactory to the Lender in form and substance. Under the assumption agreement, the transferee shall provide a representation as to the purchase price paid for the Real Property.

Appears in 3 contracts

Samples: RREEF Property Trust, Inc., GTJ Reit, Inc., AmREIT, Inc.

Assumption Agreement. Under the terms of the proposed transfer, the proposed transferee shall assume the Loan, without modification, under the terms tenns of an assumption agreement and additional documentation reasonably satisfactory to the Lender in form and substance. Under the assumption agreement, the transferee shall provide a representation as to tbe purchase price paid for the Real Property.

Appears in 1 contract

Samples: Security Agreement (NNN Apartment REIT, Inc.)

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Assumption Agreement. Under the terms of the proposed transfer, the proposed transferee shall assume the Loan, without modification, under the terms of an assumption agreement and additional documentation reasonably satisfactory to the Lender Mortgagee in form and substance.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Corporate Office Properties Trust)

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