Common use of Change of Title Clause in Contracts

Change of Title. Lender has no present intention of transferring its interest in the Property and agrees not to transfer the Property during the term of the loan. If, due to any unforeseeable circumstances, title to the Property is transferred during such period, such transfer shall be subject to the terms of this Agreement and Lender shall notify GMP promptly in writing of the transfer. Unless GMP has received a written notification of change of title, GMP is entitled to assume the Property belongs to Lender and will return the Property to Lender upon termination of the loan.

Change of Title. Lender Xxxxxx has no present intention of transferring its interest in the Property and agrees not to transfer the Property during the term of the loan. If, due to any unforeseeable circumstances, title to the Property is transferred during such period, such transfer shall be subject to the terms of this Agreement and Lender shall notify GMP promptly in writing of the transfer. Unless GMP has received a written notification of change of title, GMP is entitled to assume the Property belongs to Lender Xxxxxx and will return the Property to Lender upon termination of the loan.

Change of Title. Lender Xxxxxx has no present intention of transferring its interest in the Property and agrees not to transfer the Property during the term of the loan. If, due to any unforeseeable circumstances, title to the Property is transferred during such period, such transfer shall be subject to the terms of this Agreement and Lender shall notify GMP promptly in writing of the transfer. Unless GMP has received a written notification notification of change of title, GMP is entitled to assume the Property belongs to Lender and will return the Property to Lender upon termination of the loan.