Due-on-Sale Clauses. Each related Mortgage or loan agreement contains provisions for the acceleration of the unpaid balance of such Mortgage Loan, if, without prior consent of lender or satisfaction of certain conditions, the related Mortgaged Property or interest therein is directly or indirectly transferred or sold or encumbered in connection with subordinate financing.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Capitol Bancorp LTD), Asset Purchase and Sale Agreement (United Community Banks Inc)
Due-on-Sale Clauses. Each related Mortgage or loan agreement Loan Document contains provisions for the acceleration of the unpaid balance of such Mortgage Loan, if, without prior consent of lender or satisfaction of certain conditions, the related Mortgaged Property or interest therein is directly or indirectly transferred or transferred, sold or encumbered in connection with subordinate financing.
Appears in 1 contract
Samples: Asset Purchase Agreement (First South Bancorp Inc /Va/)
Due-on-Sale Clauses. Each related Mortgage or loan agreement Loan Document contains provisions for the acceleration of the unpaid balance of such Mortgage Transferred Loan, if, without prior consent of lender or satisfaction of certain conditions, the related Mortgaged Property or interest therein is directly or indirectly transferred or transferred, sold or encumbered in connection with subordinate financing.
Appears in 1 contract
Due-on-Sale Clauses. Each related Mortgage or loan agreement Loan Document contains provisions for the acceleration of the unpaid balance of such Mortgage Residential Loan, if, without prior consent of lender or satisfaction of certain conditions, the related Mortgaged Property or interest therein is directly or indirectly transferred or transferred, sold or encumbered in connection with subordinate financing.
Appears in 1 contract
Samples: Residential Loan Purchase Agreement (Cascade Bancorp)
Due-on-Sale Clauses. Each related Mortgage or loan agreement Loan Document contains provisions for the acceleration of the unpaid balance of such Mortgage Commercial Loan, if, without prior consent of lender or satisfaction of certain conditions, the related Mortgaged Property or interest therein is directly or indirectly transferred or transferred, sold or encumbered in connection with subordinate financing.
Appears in 1 contract
Samples: Commercial Loan Purchase Agreement (Cascade Bancorp)
