One Time Transfer of Ownership Interest. In the event of a transaction involving a Transfer of ownership interests in Borrower that does not meet the provisions of (d) above, Borrower or FECI shall have a one-time right to Transfer any or all of its ownership interest in Borrower, subject to Lender's Approval, provided that the following conditions shall be satisfied:
Appears in 6 contracts
Samples: Mortgage, Security Agreement and Fixture Filing (Florida East Coast Industries Inc), Mortgage, Security Agreement (Florida East Coast Industries Inc), Mortgage, Security Agreement and Fixture Filing (Florida East Coast Industries Inc)
One Time Transfer of Ownership Interest. In the event of a transaction involving a Transfer of ownership interests in Borrower that does not meet the provisions of (d) above, Borrower Flagler Development Company or FECI shall have a one-time right to Transfer any or all of its ownership interest in Borrower, subject to Lender's ’s Approval, provided that the following conditions shall be satisfied:
Appears in 4 contracts
Samples: Defined Terms (Florida East Coast Industries Inc), Mortgage, Security Agreement and Fixture Filing (Florida East Coast Industries Inc), Defined Terms (Florida East Coast Industries Inc)
