Common use of Covenant by Lender Clause in Contracts

Covenant by Lender. Lender covenants that as long as no Event of Default shall have occurred under this Agreement or under any of the other Loan Documents, and be continuing, Lender shall not assign the Note or any of Lender's rights under the Note, this Agreement, or any of the other Loan Documents to any other Person prior to the Maturity Date.

Appears in 2 contracts

Samples: Loan Agreement (Presidential Realty Corp/De/), Loan Agreement (Presidential Realty Corp/De/)

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Covenant by Lender. Lender covenants that as long as no Event of Default shall have occurred under this Agreement or under any of the other Loan Documents, and be continuing, Lender shall not assign the Note or any of Lender's ’s rights under the Note, this Agreement, or any of the other Loan Documents to any other Person prior to the Maturity Date.

Appears in 2 contracts

Samples: Loan Agreement (Presidential Realty Corp/De/), Loan Agreement (Presidential Realty Corp/De/)

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