Common use of Permitted Property Transfer (Assumption) Clause in Contracts

Permitted Property Transfer (Assumption). Notwithstanding the foregoing provisions of this Article 6, at any time other than the sixty (60) days prior to and following any Secondary Market Transaction, Lender shall not unreasonably withhold consent to a one-time transfer of the Property in its entirety to, and the related assumptions of the Loan by, any Person (a “Transferee”) provided that each of the following terms and conditions are satisfied:

Appears in 6 contracts

Samples: Loan Agreement (Clipper Realty Inc.), Loan Agreement (Clipper Realty Inc.), Loan Agreement (Independence Realty Trust, Inc)

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Permitted Property Transfer (Assumption). Notwithstanding the foregoing provisions of this Article 6, at any time other than the sixty (60) days prior to and following any Secondary Market Transaction, Lender shall not unreasonably withhold consent to a one-time the transfer of the Property in its entirety to, and the related assumptions of the Loan by, any Person (a "Transferee"), on up to two (2) occasions, provided that each of the following terms and conditions are satisfied:

Appears in 2 contracts

Samples: Loan Agreement (Cedar Realty Trust, Inc.), Loan Agreement (Wheeler Real Estate Investment Trust, Inc.)

Permitted Property Transfer (Assumption). Notwithstanding the foregoing provisions of this Article 6, at any time other than the sixty (60) days prior to and following any Secondary Market Transaction, Lender shall not unreasonably withhold consent to a one-time transfer of the Properties (or, to the extent that an Individual Property has been released in accordance with Section 2.10 hereof, the remaining Individual Property) in their or its entirety entirety, as applicable, to, and the related assumptions of the Mortgage Loan by, any Person (a “Property Owner Transferee”) and the related assumptions of the Loan by a Transferee (as defined below) provided that each of the following terms and conditions are satisfied:

Appears in 1 contract

Samples: Mezzanine a Loan Agreement (Morgans Hotel Group Co.)

Permitted Property Transfer (Assumption). Notwithstanding the foregoing provisions of this Article 6, at any time other than the sixty (60) days prior to and following any Secondary Market Transaction, Lender shall not unreasonably withhold consent to a one-time transfer of all the Property Properties in its entirety (the “Assumption”) to, and the related assumptions of the Loan by, any Person (a “Transferee”) provided that each of the following terms and conditions are satisfied:

Appears in 1 contract

Samples: Loan Agreement (American Realty Capital Trust III, Inc.)

Permitted Property Transfer (Assumption). Notwithstanding the foregoing provisions of this Article 6, at any time other than the sixty (60) days prior to and following any Secondary Market Transaction, Lender shall not unreasonably withhold consent to a one-time transfer of all the Property Properties in its entirety to, and the related assumptions of the Loan by, any Person (a “Transferee”) provided that each of the following terms and conditions are satisfied:

Appears in 1 contract

Samples: Loan Agreement (Strategic Storage Trust, Inc.)

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Permitted Property Transfer (Assumption). (a) Notwithstanding anything to the foregoing provisions of this Article 6contrary contained in Section 5.2.10 hereof, at any time other than the sixty (60) days prior to and following any Secondary Market TransactionSecuritization, Lender shall not unreasonably withhold consent to a one-time transfer of the Property Properties or the interests in its the Borrowers, Operating Lessee and the other Loan Parties in their entirety to, and the related assumptions of the Loan by, any Person or its Affiliates (a “Transferee”) provided that each of the following terms and conditions are satisfied:

Appears in 1 contract

Samples: Loan Agreement (BRE Select Hotels Corp)

Permitted Property Transfer (Assumption). Notwithstanding the foregoing provisions of this Article 6, at any time other than the sixty (60) days prior to and following any Secondary Market Transaction, Lender shall not unreasonably withhold consent to a one-time transfer of the Property in its entirety to, and the related assumptions of the Loan by, any Person (a “Transferee”) provided that each of the following terms and conditions are satisfied:

Appears in 1 contract

Samples: Loan Agreement (Clipper Realty Inc.)

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