PERMITTED TRANSFER TO A JOINT VENTURE. The Borrower shall have the right, on one occasion during the term of the Loan, to sell or transfer the Property in a transaction approved by the Lender. The Lender agrees that such a transfer shall be a Permitted Transfer if the following conditions are satisfied:
Appears in 4 contracts
Samples: Future Advance Mortgage (Angeles Partners X), Deed of Trust, Security Agreement and Fixture Filing (Consolidated Capital Growth Fund), Deed of Trust, Security Agreement and Fixture Filing (United Investors Income Properties)
PERMITTED TRANSFER TO A JOINT VENTURE. The Borrower shall have the right, on one occasion during the term of the Loan, to sell or transfer the Property in a transaction approved by the Lender. The Lender agrees that such a transfer shall be a Permitted Transfer if the following conditions are satisfied:
(a) No Default No Default shall exist, and no act, omission or circumstance shall exist which, if uncured following Notice and the passage of time, would become a Default.
Appears in 1 contract
Samples: Deed of Trust, Security Agreement and Fixture Filing
