Common use of Assumption of Collateral Pool Clause in Contracts

Assumption of Collateral Pool. Notwithstanding paragraph (a) of this Section, a Transfer of the entire Collateral Pool may be permitted with the prior written consent of Lender if each of the following requirements is satisfied: (i) the transferee (“New Collateral Pool Borrower”) is a Single Purpose entity, and executes an assumption agreement that is acceptable to Lender pursuant to which such New Collateral Pool Borrower assumes all obligations of Borrower and Camden Summit (with respect to the Mortgaged Property known as Camden Xxxxxxx) under all the applicable Loan Documents and Supplemental Loan Documents;

Assumption of Collateral Pool. Notwithstanding paragraph (a) of this Section, a Transfer of the entire Collateral Pool may be permitted with the prior written consent of Lender if each of the following requirements is satisfied: (i) the transferee (“New Collateral Pool Borrower”) is a Single Purpose entity, and executes an assumption agreement that is acceptable to Lender pursuant to which such New Collateral Pool Borrower assumes all obligations of a Borrower and Camden Summit (with respect to the Mortgaged Property known as Camden Xxxxxxx) under all the applicable Loan Documents and Supplemental Loan Documents;

Assumption of Collateral Pool. Notwithstanding paragraph (a) of this Section, a Transfer of the entire Collateral Pool may be permitted with the prior written consent of Lender if each of the following requirements is satisfied: (i) the transferee (“New Collateral Pool Borrower”) is a Single Purpose entity, and executes an assumption agreement that is acceptable to Lender pursuant to which such New Collateral Pool Borrower assumes all obligations of a Borrower and Camden Summit (with respect to the Mortgaged Property known as Camden Xxxxxxx) under all the applicable Loan Documents and Supplemental Loan DocumentsBorrower and Guarantor are released from their obligations in a manner satisfactory to Lender;

Assumption of Collateral Pool. Notwithstanding paragraph (a) of this SectionSection 7.15, a Transfer of the entire Collateral Pool may be permitted with the prior written consent of Lender if each of the following requirements is satisfied: (i) the transferee (“New Collateral Pool Borrower”) is a Single Purpose entity, and executes an assumption agreement that is acceptable to Lender pursuant to which such New Collateral Pool Borrower assumes all obligations of Borrower and Camden Summit (with respect to the Mortgaged Property known as Camden Xxxxxxx) Guarantor under all the applicable Loan Documents and Supplemental Loan Documents;

Assumption of Collateral Pool. Notwithstanding paragraph (a) of this Section, a Transfer of the entire Collateral Pool may be permitted with the prior written consent of Lender if each of the following requirements is satisfied: (i) the transferee (“New Collateral Pool Borrower”) is a Single Purpose entity, is not directly or indirectly owned by and is not a Prohibited Person, and executes an assumption agreement that is acceptable to Lender pursuant to which such New Collateral Pool Borrower assumes all obligations of a Borrower and Camden Summit (with respect to the Mortgaged Property known as Camden Xxxxxxx) under all the applicable Loan Documents and Supplemental Loan DocumentsBorrower and Guarantor are released from their obligations in a manner satisfactory to Lender;