Prohibited Property Transfers. Without the prior written consent of Beneficiary, Trustor shall not cause or permit any Transfer of all or any part of the Property or the Collateral (collectively, a “Prohibited Property Transfer”), including, without limitation, the Transfer of all or any part of Trustor’s right, title and interest in and to the Property, any Leases or any Payments.
Appears in 3 contracts
Samples: Leases and Security Agreement (Cole Credit Property Trust III, Inc.), Leases and Security Agreement (Cole Credit Property Trust III, Inc.), Leases and Security Agreement (Cole Credit Property Trust III, Inc.)
Prohibited Property Transfers. Without the prior written consent of Beneficiary, Trustor 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 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 Trustor’s right, title and interest in and to the Property, any Leases or any Payments.
Appears in 1 contract
Samples: Security Agreement (KBS Real Estate Investment Trust, Inc.)
