Common use of Permitted Transfers With Prior County Approval Clause in Contracts

Permitted Transfers With Prior County Approval. Except as permitted under Section 5.03(d), the Borrower covenants and agrees that any Transfer shall be permitted only after (1) the County Board, or its designee, in the County Board’s sole discretion, has delivered to the Borrower its prior written approval of such Transfer, and (2) the transferee has assumed the Borrower’s obligations under this Agreement by signing this Agreement or such other reasonable documentation as the County Attorney may require.

Appears in 8 contracts

Samples: Loan Agreement, Fund Loan Agreement, Loan Agreement

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Permitted Transfers With Prior County Approval. Except as permitted under Section 5.03(d), the Borrower covenants and agrees that any Transfer shall be permitted only after (1) the County Board, or its designee, in the County Board’s its sole discretion, has delivered to the Borrower its prior written approval of such Transfer, and (2) the transferee has assumed the Borrower’s obligations under this Agreement by signing this Agreement or such other reasonable documentation as the County Attorney may require.

Appears in 2 contracts

Samples: Intercreditor and Subordination Agreement, Intercreditor and Subordination Agreement

Permitted Transfers With Prior County Approval. Except as permitted under Section 5.03(d) and as provided under Section 5.03(f), the Borrower covenants and agrees that any Transfer shall be permitted only after (1) the County Board, or its designee, in the County Board’s sole discretion, has delivered to the Borrower its prior written approval of such Transfer, and (2) the transferee has assumed the Borrower’s obligations under this Agreement by signing this Agreement or such other reasonable documentation as the County Attorney may require.

Appears in 1 contract

Samples: Loan Agreement

Permitted Transfers With Prior County Approval. Except as permitted under Section 5.03(d), the Borrower covenants and agrees that any Transfer shall be permitted only after (1) the County Board, or its designee, in the County Board’s sole discretion, has delivered to the Borrower its prior written approval of such Transfer, and (2) the transferee has assumed the Borrower’s obligations under this Agreement by signing this Agreement or such other reasonable documentation as the County Attorney may require. If the proposed transferee is AHC or an affiliate of AHC, the County Board’s prior written approval of such transfer shall not be unreasonably withheld.

Appears in 1 contract

Samples: Affordable Housing Investment Fund Loan Agreement

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Permitted Transfers With Prior County Approval. Except as permitted under Section 5.03(d), the Borrower covenants and agrees that any Transfer shall be permitted only after (1a) the County Board, or its designee, in the County Board’s its sole discretion, has delivered to the Borrower its prior written approval of such Transfer, and (2b) the transferee has assumed the Borrower’s obligations under this Agreement by signing this Agreement or such other reasonable documentation as the County Attorney may require.

Appears in 1 contract

Samples: Loan Agreement

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