Common use of Duty to Enforce Clause in Contracts

Duty to Enforce. Except as otherwise provided in Subsection 5.8(2) and Section 5.9, the Direct Servicer will enforce any Due-on-Transfer Provision as provided in the related Mortgage Documents, if (i) the Direct Servicer has knowledge that a Mortgaged Property, or an ownership interest in a Person that owns the Mortgaged Property, has been or is about to be transferred, (ii) the transfer would permit acceleration of the Mortgage Loan under the related Mortgage Documents, and (iii) the Direct Servicer reasonably believes that the related Mortgage Documents and applicable law and regulation permit such enforcement.

Duty to Enforce. Except as otherwise provided in Subsection 5.8(25.9(2) and Section 5.95.10, the Direct Servicer will enforce any Due-on-Transfer Provision as provided in the related Mortgage Documents, if (i) the Direct Servicer has knowledge that a Mortgaged Property, or an ownership interest in a Person that owns the Mortgaged Property, has been or is about to be transferred, (ii) the transfer would permit acceleration of the Mortgage Loan under the related Mortgage Documents, and (iii) the Direct Servicer reasonably believes that the related Mortgage Documents and applicable law and regulation permit such enforcement.

Duty to Enforce. Except as otherwise provided in Subsection 5.8(2) and Section 5.9, the Direct Primary Servicer will enforce any Due-on-Transfer Provision as provided in the related Mortgage Documents, if (i) the Direct Primary Servicer has knowledge that a Mortgaged Property, or an ownership any direct or indirect interest in a Person that owns the Mortgaged PropertyBorrower or a Key Principal, has been or is about to be transferred, (ii) the transfer would permit acceleration of the Mortgage Loan under the related Mortgage Documents, and (iii) the Direct iii)the Primary Servicer reasonably believes that the related Mortgage Documents and applicable law and regulation permit such enforcement.enforcement.‌

Duty to Enforce. Except as otherwise provided in Subsection 5.8(25.9(2) and Section 5.95.10, the Direct Primary Servicer will enforce any Due-on-Transfer Provision as provided in the related Mortgage Documents, if (i) the Direct Primary Servicer has knowledge that a Mortgaged Property, or an ownership any direct or indirect interest in a Person that owns the Mortgaged PropertyBorrower or a Key Principal, has been or is about to be transferred, (ii) the transfer would permit acceleration of the Mortgage Loan under the related Mortgage Documents, and (iii) the Direct Primary Servicer reasonably believes that the related Mortgage Documents and applicable law and regulation permit such enforcement.enforcement.‌

Duty to Enforce. Except as otherwise provided in Subsection 5.8(2) and and‌ Section 5.9, the Direct Servicer will enforce any Due-on-Transfer Provision as provided in the related Mortgage Documents, if (i) the Direct Servicer has knowledge that a Mortgaged Property, or an ownership interest in a Person that owns the Mortgaged Property, has been or is about to be transferred, (ii) the transfer would permit acceleration of the Mortgage Loan under the related Mortgage Documents, and (iii) the Direct Servicer reasonably believes that the related Mortgage Documents and applicable law and regulation permit such enforcement.

Duty to Enforce. Except as otherwise provided in Subsection 5.8(2) and Section 5.9, the Direct Primary Servicer will enforce any Due-on-Transfer Provision as provided in the related Mortgage Documents, if (i) the Direct Primary Servicer has knowledge that a Mortgaged Property, or an ownership any direct or indirect interest in a Person that owns the Mortgaged PropertyBorrower or a Key Principal, has been or is about to be transferred, (ii) the transfer would permit acceleration of the Mortgage Loan under the related Mortgage Documents, and (iii) the Direct iii)the Primary Servicer reasonably believes that the related Mortgage Documents and applicable law and regulation permit such enforcement.

Duty to Enforce. Except as otherwise provided in Subsection 5.8(25.9(2) and and‌ Section 5.95.10, the Direct Servicer will enforce any Due-on-Transfer Provision as provided in the related Mortgage Documents, if (i) the Direct Servicer has knowledge that a Mortgaged Property, or an ownership interest in a Person that owns the Mortgaged Property, has been or is about to be transferred, (ii) the transfer would permit acceleration of the Mortgage Loan under the related Mortgage Documents, and (iii) the Direct Servicer reasonably believes that the related Mortgage Documents and applicable law and regulation permit such enforcement.