Common use of Prohibited Property Transfers Clause in Contracts

Prohibited Property Transfers. Except as otherwise permitted in this Agreement, Borrower shall not cause or permit any Transfer of all or any part of or any direct or indirect legal or beneficial interest in the Property or the Collateral (collectively, a “Prohibited Property Transfer”), including, without limitation, (A) a Lease of all or a material part of the Property for any purpose other than actual occupancy by a space tenant; and (B) the Transfer of all or any part of Borrower’s right, title and interest in and to any Leases or Payments.

Appears in 4 contracts

Samples: Loan Agreement (Industrial Income Trust Inc.), Loan Agreement (Industrial Income Trust Inc.), Loan Agreement (Dividend Capital Total Realty Trust Inc.)

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Prohibited Property Transfers. Except as otherwise permitted in this Agreement, Borrower shall not cause or permit any Transfer of all or any part of or any direct or indirect legal or beneficial interest in the Property or the Collateral (collectively, a “Prohibited Property Transfer”), including, without limitation, (A) a Lease of or all or a material part of the Property for any purpose other than actual occupancy by a space tenant; and (B) the Transfer of all or any part of Borrower’s right, title and interest in and to any Leases or Payments.

Appears in 3 contracts

Samples: Mezzanine Loan Agreement, Mezzanine Loan Agreement (KBS Real Estate Investment Trust, Inc.), Mezzanine Loan Agreement (KBS Real Estate Investment Trust II, Inc.)

Prohibited Property Transfers. Except as otherwise permitted in this Agreement, Neither Borrower nor Operating Lessee shall not cause or permit any Transfer of all or any part of or any direct or indirect legal or beneficial interest in the Property or the Collateral (collectively, a “Prohibited Property Transfer”), including, without limitation, (Ai) a Lease of all or a material part of the Property for any purpose other than actual occupancy by a space tenant; and (Bii) the Transfer of all or any part of Borrower’s and/or Operating Lessee’s right, title and interest in and to any Leases Lease or Paymentslease payments.

Appears in 2 contracts

Samples: Loan Agreement (Strategic Hotels & Resorts, Inc), Loan Agreement (Strategic Hotels & Resorts, Inc)

Prohibited Property Transfers. Except as otherwise permitted in this Agreement, Borrower shall not cause or permit any Transfer of all or any part of or any direct or indirect legal or beneficial interest in the Property or the Collateral collateral (collectively, a “Prohibited Property Transfer”), including, without limitation, (Ai) a Lease of all or a material part of the Property for any purpose other than actual occupancy by a space tenant; and (Bii) the Transfer of all or any part of Borrower’s right, title and interest in and to any Leases or Paymentsthe Chesapeake Lease.

Appears in 1 contract

Samples: Loan Agreement (Apple REIT Nine, Inc.)

Prohibited Property Transfers. Except as otherwise permitted in this Agreement, Borrower shall not cause or permit any Transfer of all or any part of or any direct or indirect legal or beneficial interest in the Property or the Collateral (collectively, a “Prohibited Property Transfer”), including, without limitation, any Lease (Aas such term is defined in the Deed of Trust) a Lease of in all or a material any part of the Property for any purpose other than actual occupancy by a space tenant; and (B) the Transfer of all or any part of Borrower’s right, title and interest in and to any Leases or Paymentspurpose.

Appears in 1 contract

Samples: Loan Agreement (William Lyon Homes)

Prohibited Property Transfers. Except as otherwise permitted in this Agreement, Borrower shall not cause or permit any Transfer of all or any part of or any direct or indirect legal or beneficial interest in the Property Property, the Improvements or the Collateral (collectively, a “Prohibited Property Transfer”), including, without limitation, (Ai) a Lease of all or a material part of the Property for any purpose other than actual occupancy by a space tenant; and (Bii) the Transfer of all or any part of Borrower’s right, title and interest in and to any Leases Lease or Paymentslease payments.

Appears in 1 contract

Samples: Construction Loan Agreement (Imax Corp)

Prohibited Property Transfers. Except as otherwise permitted in this Agreement, Borrower Borrowers shall not cause or permit any Transfer transfer of all or any part of or any direct or indirect legal or beneficial interest in the Property Premises, the Improvements or the other Collateral (collectively, a “Prohibited Property Transfer”), including, without limitation, (A) a Lease of all or a material part of the Property for any purpose other than actual occupancy by a space tenant; and (B) the Transfer of all or any part of Borrower’s right, title and interest in and to any Leases or Payments.

Appears in 1 contract

Samples: Loan Agreement (EVO Transportation & Energy Services, Inc.)

Prohibited Property Transfers. Except as otherwise expressly permitted in this Agreementherein, Borrower shall not cause or permit any Transfer of all or any part of or any direct or indirect legal or beneficial interest in the Property Property, the Ground Lease or the Collateral (collectively, a “Prohibited Property Transfer”), including, without limitation, (A) a Lease of all or a material part of the Property for any purpose other than actual occupancy by a space tenant; and (B) the Transfer of all or any part of Borrower’s right, title and interest in and to the Ground Lease, any Leases Lease or Paymentslease payments.

Appears in 1 contract

Samples: Building Loan Agreement (Taubman Centers Inc)

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Prohibited Property Transfers. Except as otherwise permitted in this Agreement, Borrower shall not cause or permit any Transfer of all or any part of or any direct or indirect legal or beneficial interest in the Property or the Collateral (collectively, a “Prohibited Property Transfer”), including, without limitation, (Ai) a Lease lease of all or a material part of the any Property for any purpose other than actual occupancy by a space tenant; and (Bii) the Transfer of all or any part of a Borrower’s right, title and interest in and to any Leases Lease or PaymentsLease payments.

Appears in 1 contract

Samples: Construction Loan Agreement (DC Industrial Liquidating Trust)

Prohibited Property Transfers. Except as otherwise permitted in this Agreement, Borrower shall not cause or permit any Transfer of all or any part of or any direct or indirect legal or beneficial interest in the Property or the Collateral Improvements (collectively, a “Prohibited Property Transfer”), including, without limitation, (Ai) a Lease lease of all or a material part of the Property for any purpose other than actual occupancy by a space tenant; and (Bii) the Transfer of all or any part of Borrower’s right, title and interest in and to any Leases Lease or PaymentsLease payments.

Appears in 1 contract

Samples: Loan Agreement (Industrial Income Trust Inc.)

Prohibited Property Transfers. Except as otherwise permitted in this Agreement, Borrower shall not cause or permit any Transfer of all or any part of or any direct or indirect legal or beneficial interest in the Property Property, the Improvements or the Collateral (collectively, a "Prohibited Property Transfer"), including, without limitation, (Ai) a Lease of all or a material part of the Property for any purpose other than actual occupancy by a space tenant; and (Bii) the Transfer of all or any part of Borrower’s 's right, title and interest in and to any Leases Lease or Paymentslease payments other than as collateral for the Loans.

Appears in 1 contract

Samples: Loan Agreement (Hines Global Reit Ii, Inc.)

Prohibited Property Transfers. Except as otherwise permitted in this Agreement, Borrower shall not cause or permit any Transfer of all or any part of or any direct or indirect legal or beneficial interest in the Property or the Collateral (collectively, a “Prohibited Property Transfer”), including, without limitation, (Ai) a Lease of all or a material part of the Property for any purpose other than actual occupancy by a space tenant; and (Bii) the Transfer of all or any part of Borrower’s 's right, title and interest in and to any Leases Lease or Paymentslease payments.

Appears in 1 contract

Samples: Loan Agreement (Hudson Pacific Properties, Inc.)

Prohibited Property Transfers. Except as otherwise permitted in this Agreement, Borrower shall not cause or permit any Transfer of all or any part of or any direct or indirect legal or beneficial interest in the Property or the Collateral (collectively, a “Prohibited Property Transfer”), including, without limitation, (Ai) a Lease of all or a material part of the Property for any purpose other than actual occupancy by a space tenanttenant pursuant to an Approved Lease; and (Bii) the Transfer of all or any part of Borrower’s right, title and interest in and to any Leases Lease or Paymentslease payments.

Appears in 1 contract

Samples: Loan Agreement (Howard Hughes Corp)

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