No Assignment by Borrower. Neither this Agreement nor the right to receive any advances to be made by Lender may be assigned by Borrower without the prior written consent of Lender. If Lender approves an assignment hereof by Borrower, Lender shall be entitled to make advances to such assignee and such advances shall be evidenced by the Note and secured by the Loan Documents. Borrower shall remain liable for payment of all sums advanced hereunder before and after such assignment.
Appears in 3 contracts
Samples: Revolving Loan Agreement, Revolving Loan Agreement (Superior Uniform Group Inc), Revolving Loan Agreement (Superior Uniform Group Inc)
No Assignment by Borrower. Neither this This Agreement nor the right to receive any advances to be made by Lender may not be assigned by Borrower without the prior written consent of Lender, which consent may not be unreasonably withheld, conditioned, or delayed. If Lender approves an assignment hereof by Borrower, Lender shall be entitled to make advances Advances to such assignee and such advances Advances shall be evidenced by the Note and secured by the Loan Documents. Borrower shall remain liable for payment of all sums advanced hereunder before and after such assignmentassignment unless otherwise approved in writing by Lender.
Appears in 2 contracts
Samples: Loan Agreement (Medical Properties Trust Inc), Loan Agreement (Medical Properties Trust Inc)
No Assignment by Borrower. Neither this This Agreement nor the right to receive any advances to be made by Lender may not be assigned by Borrower without the prior written consent of Lender. If Lender approves an assignment hereof by Borrower, Lender shall be entitled to make advances to such assignee and such advances shall be evidenced by the Note and secured by the Mortgage and related Loan Documents. Borrower shall remain liable for payment of all sums advanced hereunder before and after such assignmentassignment and all Guarantors shall remain liable under their respective guaranties.
Appears in 2 contracts
Samples: Construction Loan Agreement (Vacation Break Usa Inc), Construction Loan Agreement (Newmark Homes Corp)
No Assignment by Borrower. Neither this This Agreement nor the right to receive any advances to be made by Lender may not be assigned by Borrower without the prior written consent of Lender. If Lender approves an assignment hereof by Borrower, Lender shall be entitled to make advances Advances to such assignee and such advances Advances shall be evidenced by the Note and secured by the Loan Documents. Borrower shall remain liable for payment of all sums advanced hereunder before and after such assignment.
Appears in 1 contract
Samples: Loan Agreement (Behringer Harvard Short Term Opportunity Fund I Lp)
No Assignment by Borrower. Neither this This Agreement nor the right to receive any advances to be made by Lender may not be assigned by Borrower without the prior written consent of Lender. If Lender approves an assignment hereof by Borrower, Lender shall be entitled to make advances to such assignee and such advances shall be evidenced by the Note note and secured by the mortgage and Loan Documents. Borrower shall remain liable for payment of all sums advanced hereunder before and after such assignment, and all guarantors shall remain liable under the guaranties.
Appears in 1 contract
Samples: Loan Agreement for Construction and Other Matters (Goldfield Corp)
