Common use of Ownership Transfer Clause in Contracts

Ownership Transfer. If the Borrower chooses to transfer the ownership of the Property, whether legal or equitable, or any security interest in the Property, voluntarily or involuntarily, the Lender has the option to declare the entire debt due and payable.

Ownership Transfer. If In the event that the Borrower chooses to transfer the ownership of the Propertytransfers ownership, whether be it either legal or equitable, or any security interest in the Property, whether voluntarily or involuntarily, the Lender has the may at its option to declare the entire debt due and payable.