Common use of Secondary Financing and Alienation Clause in Contracts

Secondary Financing and Alienation. During the Loan term there shall be (i) no sale or transfer of the ownership of the Property; and (ii) no changes in the structure of the Borrower without the City's prior written consent, which consent may be withheld in the City's complete discretion or be subject to such conditions as the City may impose, including the payment of transfer fees or increases in the interest rate due under the Note.

Secondary Financing and Alienation. During the Loan term there shall be (i) no sale or transfer of the ownership of the Property; and (ii) no changes in the structure of the Borrower Borrower, except for transfers and removals provided for in the Partnership Agreement, without the City's prior written consent, which consent may shall not be unreasonably withheld in the City's complete discretion or be subject to such conditions as the City may impose, including the payment of transfer fees or increases in the interest rate due under the Note.

Secondary Financing and Alienation. During the Loan term there shall be (i) no sale or transfer of the ownership of the Property; and (ii) no changes in the structure of the Borrower Borrower, except for Permitted Transfers and transfers and removals provided for in the Limited Partnership Agreement, without the City's prior written consent, which consent may shall not be unreasonably withheld in the City's complete discretion or be subject to such conditions as the City may impose, including the payment of transfer fees or increases in the interest rate due under the Note.

Secondary Financing and Alienation. During the Loan term there shall be (i) no sale or transfer of an individual property without the ownership of the PropertyCity’s prior written consent; and (ii) no changes in the structure of the Borrower without the City's prior written consent, which consent may be withheld in the City's complete discretion or be subject to such conditions as the City may impose, including the payment of transfer fees or increases in the interest rate due under the Note.

Secondary Financing and Alienation. During Except as otherwise permitted in Section 8.18, during the Loan term there shall be (i) no sale or transfer of the ownership of the Property; and (ii) no changes in the structure of the Borrower without the City's prior written consent, which consent may be withheld in the City's complete discretion or be subject to such conditions as the City may impose, including the payment of transfer fees or increases in the interest rate due under the Note.