Common use of Right to Substitute Collateral Clause in Contracts

Right to Substitute Collateral. Subject to the terms, conditions and limitations of this Section 7.04 and Article VII, the Borrower shall have the right, from time to time during the Term of this Agreement, to add one or more Multifamily Residential Properties to the Collateral Pool in substitution of one or more Mortgaged Properties then in the Collateral Pool in accordance with the provisions of this Section 7.04 (“Substituted Mortgaged Property”).

Right to Substitute Collateral. Subject to the terms, conditions and limitations of this Section 7.04 and Article VII, the Borrower Parties shall have the right, from time to time during the Term of this Agreement, to add one or more Multifamily Residential Properties to the Collateral Pool in substitution of one or more Mortgaged Properties then in the Collateral Pool in accordance with the provisions of this Section 7.04 (“Substituted Mortgaged Property”).

Right to Substitute Collateral. Subject to the terms, conditions and limitations of this Section 7.04 6.4 and Article VIIArticles V and VI, the Borrower shall have the right, from time to time during the Term of this Agreement, to add one or more Multifamily Residential Properties to the Collateral Pool in substitution of one or more Mortgaged Properties then in the Collateral Pool in accordance with the provisions of this Section 7.04 6.4 (“Substituted Mortgaged Property”).

Right to Substitute Collateral. Subject to the terms, conditions and limitations of this Section 7.04 and Article Articles VI and VII, the Borrower Parties shall have the right, from time to time during the Term of this Agreement, to add one or more Multifamily Residential Properties to the Collateral Pool in substitution of one or more Mortgaged Properties then in the Collateral Pool in accordance with the provisions of this Section 7.04 (“"Substituted Mortgaged Property”").

Right to Substitute Collateral. Subject to the terms, conditions and limitations of this Section 7.04 and Article VII7, the Borrower shall have the right, from time to time during the Term of this Agreement, to add one (1) or more Multifamily Residential Properties to the Collateral Pool in substitution of one (1) or more Mortgaged Properties then in the Collateral Pool in accordance with the provisions of this Section 7.04 (“Substituted Mortgaged Property”).