Permitted Lender and Foreclosure Purchasers. The foregoing provisions of this Article 11 shall not apply to the Transfers which are governed by Sections 10.3 and 10.4.
Permitted Lender and Foreclosure Purchasers. The foregoing provisions of this Article 11 shall not apply to the following Transfers, which are governed by Sections 10.3 and 10.4: (i) a Transfer to a Permitted Lender or a designee of the Permitted Lender who is Controlled by or is who is under common Control with the Permitted Lender pursuant to the foreclosure of the Permitted Encumbrance or an Assignment in lieu of foreclosure or (ii) a Transfer to a Foreclosure Purchaser.
