Common use of Stock in Borrower/Change in Partners Clause in Contracts

Stock in Borrower/Change in Partners. If any legal or beneficial interest, including, but not limited to, shares of stock of Borrower are issued, sold transferred, conveyed, assigned, mortgaged, pledged, or otherwise disposed of so as to result in change of control of Borrower, whether voluntarily or by operation of law, other than a sale by CNL Health Care Partners, LP of limited partnership interests in itself and whether with or without consideration, or any agreement for any of the foregoing is entered into; or, of any general partnership interest or other equity interest in Borrower is sold, transferred, assigned, conveyed, mortgaged, pledged, or otherwise disposed of, whether voluntarily or by operation of law, and whether with or without consideration, or any agreement for any of the foregoing is entered into, or any general partner of Borrower withdraws from the partnership; unless otherwise permitted or approved by the Bank.

Stock in Borrower/Change in Partners. If Borrower is a partnership and without the prior written consent of Bank, any legal or beneficial interest, including, but not limited to, shares of stock of any corporate general partner of Borrower are issued, sold sold, transferred, conveyed, assigned, mortgaged, pledged, or otherwise disposed of so as to result in change change. of control of Borrower, whether voluntarily or by operation of law, other than a sale by CNL Health Care Partners, LP of limited partnership interests in itself and whether with or without consideration, or any agreement for any of the foregoing is entered into; or, of any general partnership interest or other equity interest in Borrower is sold, transferred, assigned, conveyed, mortgaged, pledged, or otherwise disposed of, whether voluntarily or by operation of law, and whether with or without consideration, or any agreement for any of the foregoing is entered into; or, if any general partnership interest or other equity interest in the Borrower is sold, transferred, assigned, conveyed, mortgaged, pledged, or otherwise disposed or, whether voluntarily or by operation of law, and whether with or without consideration, or any agreement for any of the foregoing is. entered into, or any general partner of Borrower withdraws from the partnership; unless otherwise permitted or approved by the Bank.

Stock in Borrower/Change in Partners. If Borrower is a limited partnership and without the prior written consent of Bank, any legal or beneficial interest, including, but not limited to, shares of stock of any corporate general partner of Borrower are issued, sold sold, transferred, conveyed, assigned, mortgaged, pledged, or otherwise disposed of so as to result in change of control of Borrower, whether voluntarily or by operation of law, other than a sale by CNL Health Care Partners, LP of limited partnership interests in itself and whether with or without consideration, or any agreement for any of the foregoing is entered into; or, of if any general partnership interest or other equity interest in the Borrower is sold, transferred, assigned, conveyed, mortgaged, pledged, or otherwise disposed of, whether voluntarily or by operation of law, and whether with or without consideration, or any agreement for any of the foregoing is entered into, or any general partner of Borrower withdraws from the partnership; unless otherwise permitted or approved by the Bank.

Stock in Borrower/Change in Partners. If any legal or beneficial interest, including, but not limited to, shares of stock of Borrower are issued, sold transferred, conveyed, assigned, mortgaged, pledged, or otherwise disposed of so as to result in change of control of Borrower, whether voluntarily or by operation of law, other than a sale by CNL Health Care Partners, Hospitality Partners LP of limited partnership interests in itself itself, and whether with or without consideration, or any agreement for any of the foregoing is entered into; or, of any general partnership interest or other equity interest in Borrower is sold, transferred, assigned, conveyed, mortgaged, pledged, or otherwise disposed ofor, whether voluntarily or by operation of law, and whether with or without consideration, or any agreement for any of the foregoing is entered into, or any general partner of Borrower withdraws from the partnership; unless otherwise permitted or approved by the Bank.