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\)
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 (CNL Retirement Properties Inc), Loan Agreement (American Retirement Corp), Loan Agreement (American Retirement Corp)
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, 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 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, 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 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
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: Loan Agreement (Ensign Group, 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)
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
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, 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
