Common use of No Change of Accounts Clause in Contracts

No Change of Accounts. Borrower shall not permit Owner to change the Rent Accounts or the Central Account (as such terms are defined in the Mortgage), without the prior written consent of Lender and Mortgage Lender.

Appears in 3 contracts

Samples: Loan and Security Agreement (Morgans Hotel Group Co.), Loan and Security Agreement (Morgans Hotel Group Co.), Loan and Security Agreement (Morgans Hotel Group Co.)

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No Change of Accounts. Neither Borrower shall not permit Owner to change the Rent Accounts or the Central Account (as such terms are defined in the Mortgage)Account, without the prior written consent of Lender and Mortgage Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (KBS Real Estate Investment Trust, Inc.)

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