Common use of Notices of Transfer; Consent Clause in Contracts

Notices of Transfer; Consent. Senior Lender promptly shall notify Subordinate Lender if Borrower seeks or requests a release of the lien of the Senior Loan or seeks or requests Senior Lender’s consent to, or take any action in connection with or in furtherance of, a sale or transfer of all or any material portion of the Premises, the granting of a further mortgage, deed of trust or similar encumbrance against the Premises or a prepayment or refinancing of the Senior Loan. In the event of a request by the Borrower for Senior Lender’s consent to either (i) the sale or transfer of all or any material portion of the Premises or (ii) the granting of a further mortgage, deed of trust or similar encumbrance against the Premises, Senior Lender shall, if Senior Lender has the right to consent, obtain the prior written consent of Subordinate Lender prior to Senior Lender’s granting of its consent or agreement thereto.

Notices of Transfer; Consent. Senior Lender promptly shall notify Subordinate Mezzanine Lender if Borrower seeks or requests a release of the lien of the Senior Loan or seeks or requests Senior Lender’s consent to, or take any action in connection with or in furtherance of, a sale or transfer of all or any material portion of the Premises, the granting of a further mortgage, deed of trust or similar encumbrance against the Premises or a prepayment or refinancing of the Senior Loan. In the event of a request by the Borrower for Senior Lender’s consent to either (i) the sale or transfer of all or any material portion of the Premises or (ii) the granting of a further mortgage, deed of trust or similar encumbrance against the Premises, Senior Lender shall, if Senior Lender has the right to consent, obtain the prior written consent of Subordinate Mezzanine Lender prior to Senior Lender’s granting of its consent or agreement thereto.

Notices of Transfer; Consent. Senior Lender promptly shall notify Subordinate Mezzanine Lender if Borrower Xxxxxxxx seeks or requests a release of the lien of the Senior Loan or seeks or requests Senior LenderXxxxxx’s consent to, or take any action in connection with or in furtherance of, a sale or transfer of all or any material portion of the Premises, the granting of a further mortgage, deed of trust or similar encumbrance against the Premises or a prepayment or refinancing of the Senior Loan. In the event of a request by the Borrower for Senior LenderXxxxxx’s consent to either (i) the sale or transfer of all or any material portion of the Premises or (ii) the granting of a further mortgage, deed of trust or similar encumbrance against the Premises, Senior Lender shall, if Senior Lender has the right to consent, obtain the prior written consent of Subordinate Mezzanine Lender prior to Senior Lender’s granting of its consent or agreement thereto.

Notices of Transfer; Consent. Senior Lender promptly shall notify Subordinate Mezzanine Lender if any Borrower seeks or requests a release of the lien of the Senior Loan or seeks or requests Senior Lender’s 's consent to, or take any action in connection with or in furtherance of, a sale or transfer of all or any material portion of the Premisesany Property, the granting of a further mortgage, deed of trust or similar encumbrance against the Premises any Property or a prepayment or refinancing of the Senior Loan. In the event of a request by the any Borrower for Senior Lender’s 's consent to either (i) the sale or transfer of all or any material portion of the Premises any Property or (ii) the granting of a further mortgage, deed of trust or similar encumbrance against the Premisesany Property, Senior Lender shall, if Senior Lender has the right to consent, obtain the prior written consent of Subordinate Mezzanine Lender prior to Senior Lender’s 's granting of its consent or agreement thereto.