Ground Lease Assignable. The Borrower's interest in the Ground Lease is assignable to the Lender, and by Lender and its successors and assigns, upon notice to, but without the consent of, the Landlord (or, if any such consent is required, it has been obtained prior to the Closing Date).
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Sources: Loan Agreement (Horizon Group Inc), Loan Agreement (Prentiss Properties Trust/Md)
Ground Lease Assignable. The Borrower's ’s interest in the Ground Lease is assignable to the Lender, and by Lender and its successors and assigns, upon notice to, but without the consent of, the Landlord ground lessor (or, if any such consent is required, it has been obtained prior to the Closing Date).
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Ground Lease Assignable. The Borrower's interest in the Ground Lease is assignable to the Lender, and by Lender and its successors and assigns, at a foreclosure sale upon notice to, but without the consent of, the Landlord ground lessor (or, if any such consent is required, it has been obtained prior to the Closing Date).
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