Consent to Transfer and Assumption. Lender and the Secretary hereby consent to the Transfer and Assumption and agree that such Transfer and Assumption shall not constitute a default under the Mortgage or any of the other Loan Documents. However, neither Lender nor the Secretary waives any other default, whether now in existence or occurring hereafter, whether known or unknown. This waiver applies only to this particular Transfer and not to any future transfer or sale. New Borrower and Original Borrower agree that they will not sell or attempt to sell or transfer or otherwise dispose of the Project without the written consent of Lender and Secretary, their respective successors or assigns, except for the sale and leaseback referred to herein.
Appears in 9 contracts
Samples: Assumption, Modification and Release Agreement (Griffin-American Healthcare REIT II, Inc.), Assumption, Modification and Release Agreement (Griffin-American Healthcare REIT II, Inc.), Assumption, Modification and Release Agreement (Griffin-American Healthcare REIT II, Inc.)
