Common use of Transfer of Ownership Interests Clause in Contracts

Transfer of Ownership Interests. Except as otherwise allowable under the Mortgage, permit a change in the percentage ownership interest of the Persons owning the Borrower, unless the written consent of Lender is first obtained, which consent may be granted or refused in Lender’s sole discretion.

Appears in 7 contracts

Samples: Loan Agreement (Emeritus Corp\wa\), Loan Agreement (Emeritus Corp\wa\), Loan Agreement (Emeritus Corp\wa\)

AutoNDA by SimpleDocs

Transfer of Ownership Interests. Except as otherwise allowable under provided in the Mortgage, permit a change in the percentage ownership interest interests of the Persons owning the Borrower, comprising Borrower unless the written consent of Lender is first obtained, which consent may be granted or refused in Lender’s 's sole discretion.

Appears in 4 contracts

Samples: Loan Agreement (American Retirement Corp), Loan Agreement (CNL Retirement Properties Inc), Loan Agreement (American Retirement Corp)

Transfer of Ownership Interests. Except as otherwise allowable under the Mortgagefor Permitted Transfers, permit a change in the percentage ownership interest of the Persons owning the Borrower, unless the written consent of Lender is first obtained, which consent may be granted or refused in Lender’s sole discretion.. Notwithstanding anything to the contrary in this Agreement or other applicable Loan Document, provided that no Event of Default then exists, transfers of direct and/or indirect equity interests in Borrower shall be permitted without the prior written consent of Lender (“Permitted Transfers”), provided:

Appears in 4 contracts

Samples: Loan Agreement, Loan Agreement (CNL Healthcare Properties II, Inc.), Loan Agreement (CNL Healthcare Trust, Inc.)

Transfer of Ownership Interests. Except as otherwise allowable under the Mortgage, permit Permit a change in the percentage Persons holding the ownership interest interests or capital stock of the Persons owning the Borrower, any Borrower unless the written consent of the Lender is first obtained, which consent may be granted or refused in Lender’s sole discretion.

Appears in 2 contracts

Samples: Loan Agreement (Adcare Health Systems Inc), Loan Agreement (Adcare Health Systems Inc)

Transfer of Ownership Interests. Except as otherwise allowable permitted under Section 13 of the MortgageSecurity Instrument, permit a change in the percentage ownership interest interests of the Persons owning the Borrower, comprising Borrower unless the written consent of Lender is first obtained, which consent may be granted or refused in Lender’s sole discretion.

Appears in 2 contracts

Samples: Loan Agreement (American Retirement Corp), Loan Agreement (American Retirement Corp)

Transfer of Ownership Interests. Except as otherwise allowable under provided in the Mortgage, permit a change in the percentage majority ownership interest of the Persons owning stock of Borrower as of the Borrower, date of this Agreement unless the written consent of the Lender is first obtained, which consent may be granted or refused in Lender’s 's sole discretion.

Appears in 2 contracts

Samples: Loan Agreement (Alternative Living Services Inc), Loan Agreement (Alternative Living Services Inc)

Transfer of Ownership Interests. Except as otherwise allowable under the Mortgage, permit Permit a change in the percentage ownership interest of the Persons owning the Borrower, unless the written consent of Lender is first obtained, which consent may be granted or refused in Lender’s sole discretion.

Appears in 2 contracts

Samples: Loan Agreement (Capital Senior Living Corp), Loan Agreement (Capital Senior Living Corp)

Transfer of Ownership Interests. Except as otherwise allowable under the Mortgage, and except for the pledge of Borrower's membership interest as collateral security for the A/R Loan, permit a change in the percentage ownership interest of the Persons owning the Borrower, unless the written consent of Lender is first obtained, which consent may be granted or refused in Lender’s 's sole discretion.

Appears in 2 contracts

Samples: Loan Agreement (Advocat Inc), Loan Agreement (Advocat Inc)

Transfer of Ownership Interests. Except as otherwise allowable under the Mortgage, permit Permit a change in the percentage ownership interest interests of the Persons owning the Borrower, comprising Borrower or Master Tenant unless the written consent of Lender is first obtained, which consent may be granted or refused in Lender’s sole discretion; provided, however any transfer that is not a Prohibited Transfer shall be permissible.

Appears in 1 contract

Samples: Loan Agreement (Sunrise Senior Living Inc)

Transfer of Ownership Interests. Except as otherwise allowable under the Mortgage, permit Permit a change in the percentage ownership interest interests of the Persons owning comprising the Borrower, Borrower unless the written consent of the Lender is first obtained, which consent may be granted or refused in Lender’s 's sole discretion.

Appears in 1 contract

Samples: Revolving Loan Agreement (Sunrise Assisted Living Inc)

AutoNDA by SimpleDocs

Transfer of Ownership Interests. Except as otherwise allowable under provided in the MortgageDeed of Trust, permit a change in the percentage ownership interest interests of the Persons owning comprising the Borrower, Borrower unless the written consent of the Lender is first obtained, which consent may be granted or refused in Lender’s 's sole discretion.

Appears in 1 contract

Samples: Subordination and Attornment Agreement (Ensign Group, Inc)

Transfer of Ownership Interests. Except as otherwise allowable under the MortgageSecurity Instruments, permit a change in the percentage ownership interest of the Persons owning the Borrower, unless the written consent of Lender is first obtained, which consent may be granted or refused in Lender’s sole discretion.

Appears in 1 contract

Samples: Loan Agreement (Emeritus Corp\wa\)

Transfer of Ownership Interests. Except as otherwise allowable under the Mortgage, pledge the ownership interest of the Borrower or permit a change in the percentage ownership interest of the Persons owning the Borrower, unless the written consent of Lender is first obtained, which consent may be granted or refused in Lender’s sole discretion.

Appears in 1 contract

Samples: Loan Agreement (Advocat Inc)

Transfer of Ownership Interests. Except as otherwise allowable under the Mortgage, permit a change in the percentage ownership interest of the Persons owning the Borrower, unless the written consent of Lender is first obtained, which consent may be granted or refused in Lender’s 's sole discretion.

Appears in 1 contract

Samples: Loan Agreement (Arv Assisted Living Inc)

Transfer of Ownership Interests. Except as otherwise allowable under the Mortgage, permit a change in the percentage ownership interest of the Persons owning entity named in Exhibit "D", in the Borrower, unless the written consent of Lender is first obtained, which consent may be granted or refused in Lender’s 's sole discretion.

Appears in 1 contract

Samples: Loan Agreement (Capital Senior Living Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!