Common use of Prohibition Absolute Clause in Contracts

Prohibition Absolute. Lender shall not be required to demonstrate any -------------------- actual impairment of its security or any increased risk of default hereunder in order to declare the Obligations immediately due and payable upon the occurrence of a Transfer without Lender's prior written consent or as otherwise expressly permitted herein. This provision shall apply to every Transfer regardless of whether voluntary or not, or whether or not Lender has consented to any previous Transfer, except for those expressly allowed herein. Any Transfer made in contravention of this Section shall be null and void and of no force and effect.

Appears in 2 contracts

Samples: Revolving Loan Agreement (Wells Real Estate Investment Trust Inc), Loan Agreement (Wells Real Estate Investment Trust Inc)

AutoNDA by SimpleDocs

Prohibition Absolute. Lender shall not be required to demonstrate any -------------------- actual impairment of its security or any increased risk of default hereunder in order to declare the Obligations immediately due and payable upon the occurrence of a Transfer without Lender's Xxxxxx’s prior written consent or as otherwise expressly permitted herein. This provision shall apply to every Transfer regardless of whether voluntary or not, or whether or not Lender has consented to any previous Transfer, except for those expressly allowed herein. Any Transfer made in contravention of this Section Article 5 shall be null and void and of no force and effect.

Appears in 1 contract

Samples: Loan Agreement (ExchangeRight Income Fund)

Prohibition Absolute. Lender shall not be required to demonstrate any -------------------- actual impairment of its security or any increased risk of default hereunder in order to declare the Secured Obligations immediately due and payable upon the occurrence of a Transfer without Lender's prior written consent or as otherwise expressly permitted hereinpermittex xxxxin. This provision shall apply to every Transfer regardless of whether voluntary or not, or whether or not Lender has consented to any previous Transfer, except for those expressly allowed herein. Any Transfer made in contravention of this Section shall be null and void and of no force and effect.

Appears in 1 contract

Samples: And Security Agreement (Roberts Realty Investors Inc)

Prohibition Absolute. Lender shall not be required to demonstrate any -------------------- actual impairment of its security or any increased risk of default hereunder in order to declare the Obligations immediately due and payable an Event of Default upon the occurrence of a Transfer without Lender's prior written consent or as otherwise expressly permitted hereinany Prohibited Transfer. This provision shall The provisions of this Section will apply to every Prohibited Transfer regardless of whether voluntary or not, or whether or not Lender has consented to any previous Transfertransfer that would otherwise be prohibited hereunder, except for those expressly allowed herein. Any Prohibited Transfer made in contravention of this Section shall be null and void and of no force and effect.

Appears in 1 contract

Samples: Loan Agreement (Lodging Fund REIT III, Inc.)

AutoNDA by SimpleDocs

Prohibition Absolute. Lender shall not be required to demonstrate any -------------------- actual impairment of its security or any increased risk of default hereunder in order to declare the Obligations immediately due and payable upon the occurrence of a Transfer without Lender's Lxxxxx’s prior written consent or as otherwise expressly permitted herein. This provision shall apply to every Transfer regardless of whether voluntary or not, or whether or not Lender has consented to any previous Transfer, except for those expressly allowed herein. Any Transfer made in contravention of this Section Article 5 shall be null and void and of no force and effect.

Appears in 1 contract

Samples: Loan Agreement (ExchangeRight Income Fund)

Time is Money Join Law Insider Premium to draft better contracts faster.