No Further Consents. Borrower, Assuming Member and Original Member acknowledge and agree that Lender’s consent herein contained is expressly limited to the sale, conveyance, assignment and transfer herein described, and shall not waive or render unnecessary Lender’s consent or approval of any subsequent sale, conveyance, assignment or transfer of the Property or the membership interests in Borrower, and that Section 15 of the Mortgage shall continue in full force and effect.
Appears in 4 contracts
Samples: Transfer and Agreement (NNN Healthcare/Office REIT, Inc.), Transfer and Agreement (NNN Healthcare/Office REIT, Inc.), Transfer and Agreement (NNN Healthcare/Office REIT, Inc.)
No Further Consents. Borrower, Assuming Member Borrower and Original Member Borrower acknowledge and agree that Lender’s consent herein contained is expressly limited to the sale, conveyance, assignment and transfer herein described, and that such consent shall not waive or render unnecessary Lender’s consent or approval of any subsequent sale, conveyance, assignment or transfer of the Property or the membership interests in Borrower, and that Section 15 of the Mortgage shall continue in full force and effectProperty.
Appears in 2 contracts
Samples: Assumption and Modification Agreement, Assumption and Modification Agreement (Innkeepers Usa Trust/Fl)
No Further Consents. Borrower, Assuming Member Borrower and Original Member Borrower acknowledge and agree that Lender’s consent herein contained is expressly limited to the sale, conveyance, assignment and transfer herein described, described and shall not waive or render unnecessary Lender’s consent or approval of any subsequent sale, conveyance, assignment or transfer of the Property (or the membership any interests in Borrower, and that Section 15 of the Mortgage shall continue in full force and effecttherein).
Appears in 2 contracts
Samples: Assumption and Modification Agreement, Loan Assumption and Modification Agreement (Cb Richard Ellis Realty Trust)
No Further Consents. Borrower, Assuming Member Obligors and Original Member Borrower acknowledge and agree that Lender’s consent herein contained is expressly limited to the sale, conveyance, assignment and transfer herein described, and that such consent shall not waive or render unnecessary Lender’s consent or approval of any subsequent sale, conveyance, assignment or transfer of the Property or the membership interests in BorrowerProperty, and that Section 15 8 of the Mortgage shall continue in full force and effect.
Appears in 1 contract
Samples: Loan Assumption and Substitution Agreement (NNN Healthcare/Office REIT, Inc.)
