Common use of Due on Sale and Other Transfer Restrictions Clause in Contracts

Due on Sale and Other Transfer Restrictions. Except as expressly permitted under the Credit Agreement, Mortgagor shall not, without the prior written consent of Mortgagee, sell, transfer, convey or assign all or any portion of, or any interest in, the Mortgaged Property. Notwithstanding anything herein to the contrary, so long as no Event of Default has occurred and is continuing, the Mortgagor may use, lease and dispose of all or any part of the Mortgaged Property in the ordinary course of its business, subject to the terms of the Credit Agreement and the provisions of this Mortgage.

Due on Sale and Other Transfer Restrictions. Except as expressly permitted under the Amended and Restated Credit Agreement, Mortgagor shall not, without the prior written consent of Mortgagee, sell, transfer, convey or assign all or any portion of, or any interest in, the Mortgaged Property. Notwithstanding anything herein to the contrary, so long as no Event of Default has occurred and is continuing, the Mortgagor may use, lease and dispose of all or any part of the Mortgaged Property in the ordinary course of its business, subject to the terms of the Amended and Restated Credit Agreement and the provisions of this Mortgage.