Permitted Transfer Not Release. No Transfer by the REIT of its Ownership Interests in the Borrower Parties shall release the Borrower Parties from liability under this Article, this Agreement or any other Loan Document, unless the Lender shall have approved the Transfer and shall have expressly released the Borrower Parties in connection with the Transfer.
Appears in 3 contracts
Samples: Master Credit Facility Agreement (Mid America Apartment Communities Inc), Master Credit Facility Agreement (Mid America Apartment Communities Inc), Master Credit Facility Agreement (Mid America Apartment Communities Inc)
Permitted Transfer Not Release. No Transfer by the REIT any Person of its Ownership Interests in the Borrower Parties shall release the Borrower Parties or Guarantor from liability under this Article, this Agreement or any other Loan Document, unless the Lender shall have approved the Transfer and shall have expressly released the Borrower Parties or Guarantor in connection with the Transfer.
Appears in 3 contracts
Samples: Master Credit Facility Agreement (Bre Properties Inc /Md/), Master Credit Facility Agreement (Colonial Realty Limited Partnership), Master Credit Facility Agreement (Colonial Properties Trust)
Permitted Transfer Not Release. No Transfer by the REIT of its Ownership Interests in the Borrower Parties shall release the Borrower Parties from liability under this Article, this Agreement or any other Loan Document, unless the Lender shall have approved the Transfer and shall have expressly released the Borrower Parties in connection with the Transfer.
Appears in 3 contracts
Samples: Master Credit Facility Agreement (Mid America Apartment Communities Inc), Master Credit Facility Agreement (Mid America Apartment Communities Inc), Master Credit Facility Agreement (Walden Residential Properties Inc)
Permitted Transfer Not Release. No Transfer by the REIT any Person of its Ownership Interests in the Borrower Parties shall release the Borrower Parties or Guarantor from liability under this ArticleArticle 14, this Agreement or any other Loan Document, unless the Lender shall have approved the Transfer and shall have expressly released the Borrower Parties or Guarantor in connection with the Transfer.
Appears in 1 contract
Samples: Master Credit Facility Agreement (Newcastle Investment Corp)
Permitted Transfer Not Release. No Transfer by the REIT Key Principal of its Ownership Interests in the any Borrower Parties shall release the any Borrower Parties from liability under this Article, this Agreement or any other Loan Borrower Document, unless the Lender Xxxxxx Mae shall have approved the Transfer and shall have expressly released the Borrower Parties in connection with the Transfer.
Appears in 1 contract
Samples: Master Reimbursement Agreement (Mid America Apartment Communities Inc)
Permitted Transfer Not Release. No Transfer by the REIT Key Principal of its Ownership Interests in the any Borrower Parties shall release the any Borrower Parties from liability under this Article, this Agreement or any other Loan Document, unless the Lender shall have approved the Transfer and shall have expressly released the Borrower Parties in connection with the Transfer.
Appears in 1 contract
Samples: Master Credit Facility Agreement (Mid America Apartment Communities Inc)
Permitted Transfer Not Release. No Transfer by the REIT of its Ownership Interests in the Borrower Parties shall release the Borrower Parties from liability under this ArticleArticle 22, this Agreement or any other Loan Document, unless the Lender shall have approved the Transfer and shall have expressly released the Borrower Parties in connection with the Transfer.
Appears in 1 contract
Samples: Master Credit Facility Agreement (Mid America Apartment Communities Inc)
