Common use of Due on Sale or Encumbrance Clause in Contracts

Due on Sale or Encumbrance. It shall be an Event of Default and, at the sole option of Lender, Lender may accelerate the Obligations, and the entire Obligations (including any Prepayment Premium) shall become immediately due and payable, if, without Lender’s prior written consent (which consent may be given or withheld for any or for no reason or given conditionally, in Lender’s sole discretion), any of the events set forth in Section 5.01 of the Loan Agreement shall occur.

Appears in 8 contracts

Samples: Deed of Trust, Security Agreement and Fixture Filing (CNL Healthcare Properties, Inc.), Deed of Trust, Security Agreement and Fixture Filing (CNL Healthcare Properties, Inc.), Deed of Trust and Security Agreement (CNL Healthcare Properties, Inc.)

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Due on Sale or Encumbrance. It shall be an Event of Default and, at the sole option of Lender, Lender may accelerate the Obligations, and the entire Obligations (including any Prepayment Premium) shall become immediately due and payable, if, without Lender’s prior written consent (which consent may be given or withheld for any or for no reason or given conditionally, in Lender’s sole discretion), any of the events set forth in Section 5.01 of the Loan Agreement shall occuroccur (unless such event is otherwise expressly permitted under the terms and conditions of Article V of the Loan Agreement without Lender’s prior written consent).

Appears in 1 contract

Samples: Open End Mortgage and Security Agreement (Piedmont Office Realty Trust, Inc.)

Due on Sale or Encumbrance. It shall be an Event of Default and, at the sole option of Lender, Lender may accelerate the Obligations, and the entire Obligations (including any Prepayment Premium) shall become immediately due and payable, if, without Lender’s prior written consent (which consent may be given or withheld for any or for no reason or given conditionally, in Lender’s sole discretion), ) any of the events set forth in Section 5.01 of the Loan Agreement following shall occur.:

Appears in 1 contract

Samples: Loan Agreement (Piedmont Office Realty Trust, Inc.)

Due on Sale or Encumbrance. It shall be an Event of Default and, at the sole option of Lender, Lender may accelerate the Obligations, and the entire Obligations (including any Prepayment PremiumSpread Maintenance and/or Breakage Fee) shall become immediately due and payable, if, without Lender’s prior written consent (which consent may be given or withheld for any or for no reason or given conditionally, in Lender’s sole discretion), ) any of the events set forth in Section 5.01 of the Loan Agreement following shall occur.:

Appears in 1 contract

Samples: Loan Agreement (Behringer Harvard Opportunity REIT II, Inc.)

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Due on Sale or Encumbrance. It shall be an Event of Default and, at the sole option of Lender, Lender may accelerate the Obligations, and the entire Obligations (including any Prepayment Premium) shall become immediately due and payable, if, without LenderXxxxxx’s prior written consent (which consent may be given or withheld for any or for no reason or given conditionally, in Lender’s sole discretion), any of the events set forth in Section 5.01 of the Loan Agreement shall occur.

Appears in 1 contract

Samples: Deed of Trust and Security Agreement (CNL Healthcare Trust, Inc.)

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