Common use of Due on Transfer Clause in Contracts

Due on Transfer. If all or any part of the Premises or any interest in the Premises is transferred without the Mortgagee's prior written consent, it may, at its sole option, declare the Debt to be immediately due and payable.

Appears in 2 contracts

Samples: Mortgage (Interface Systems Inc), Mortgage (Interface Systems Inc)

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Due on Transfer. If all or any part of the Premises or any interest in the Premises is transferred without the Mortgagee's prior written consent, it the Mortgagee may, at its sole option, declare the Debt Liabilities to be immediately due and payable.

Appears in 1 contract

Samples: Collateral Mortgage, Assignment of Leases and Rents and Security Agreement (Blackwater Midstream Corp.)

Due on Transfer. If all or any part of the Premises or any interest in the Premises is transferred without the Mortgagee's ’s prior written consent, it the Mortgagee may, at its sole option, declare the Debt Liabilities to be immediately due and payable.

Appears in 1 contract

Samples: Mortgage, Assignment of Leases and Rents, Security Agreement and Financing Statement (Xeta Technologies Inc)

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Due on Transfer. If all or any part of the Premises or any interest in the Premises is transferred without the Mortgagee's prior written consent, it Mortgagee may, at its sole option, declare the Debt to be immediately due and payable.

Appears in 1 contract

Samples: Mortgage (Medar Inc)

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