Common use of Prohibition on Transfers, Liens or Further Encumbrances Clause in Contracts

Prohibition on Transfers, Liens or Further Encumbrances. Except with the prior written consent of Beneficiary, neither Grantor, nor any other Person, may transfer, convey, assign, sell, alienate, mortgage, encumber, pledge, hypothecate, grant a security interest in, or otherwise dispose of (in each instance whether voluntarily or involuntarily, by operation of law or otherwise, directly or indirectly, and, in each case, also prohibiting the granting of an option or the execution of an agreement relating to any of the foregoing):

Appears in 4 contracts

Samples: Security Agreement and Fixture Filing (Kilroy Realty, L.P.), And Security Agreement (Trade Street Residential, Inc.), And Security Agreement and Fixture Filing (Trade Street Residential, Inc.)

AutoNDA by SimpleDocs

Prohibition on Transfers, Liens or Further Encumbrances. Except with the prior written consent of BeneficiaryLender, neither GrantorBorrower, Property Owner, nor any other Person, may transfer, convey, assign, sell, alienate, mortgage, encumber, pledge, hypothecate, grant a security interest in, or otherwise dispose of (in each instance whether voluntarily or involuntarily, by operation of law or otherwise, directly or indirectly, and, in each case, also prohibiting the granting of an option or the execution of an agreement relating to any of the foregoing):

Appears in 1 contract

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

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