Common use of Change in Controlling Interest Clause in Contracts

Change in Controlling Interest. Without the prior written consent of Lender (which consent may be conditioned, among other matters, on the issuance of a satisfactory endorsement to the title insurance policy insuring Lender’s interest under the Mortgage), and except as otherwise permitted pursuant to the provisions of Section 8.7(c), the controlling interest in Borrower ceases to be directly or indirectly owned by Guarantor.

Change in Controlling Interest. Without the prior written consent of Lender (which consent may be conditioned, among other matters, on the issuance of a satisfactory endorsement to the title insurance policy insuring Lender’s interest under the Mortgage), and except ) or as otherwise expressly permitted pursuant to under the provisions terms of Section 8.7(c)the Mortgage, the controlling interest in Borrower ceases to be owned, directly or indirectly owned indirectly, by GuarantorKBS Limited Partnership III, a Delaware limited partnership.

Change in Controlling Interest. Without the prior written consent of Lender (which consent may be conditioned, among other matters, on the issuance of a satisfactory endorsement to the title insurance policy insuring Lender’s interest under the Mortgage), and except as otherwise permitted pursuant to the provisions of Section 8.7(capplicable Security Instrument), the controlling interest in any Borrower ceases to be owned, directly or indirectly owned indirectly, by GuarantorKBS Strategic Opportunity Limited Partnership, a Delaware limited partnership.

Change in Controlling Interest. Without the prior written consent of Lender (which consent may be conditioned, among other matters, on the issuance of a satisfactory endorsement to the title insurance policy insuring Lender’s interest under the Mortgage), and except Deed of Trust) or as otherwise expressly permitted pursuant to under the provisions terms of Section 8.7(c)the Deed of Trust, the controlling interest in Borrower ceases to be owned, directly or indirectly owned indirectly, by GuarantorKBS Strategic Opportunity Limited Partnership, a Delaware limited partnership.