Transfer of Ownership of Grantor. Except as permitted under the Loan Documents, the sale, pledge, encumbrance, assignment or transfer, voluntarily or involuntarily, whether by operation of law or otherwise, of any interest in Grantor (if Grantor is not a natural person but is a corporation, partnership, limited liability company, trust or other legal entity), without the prior written consent of Beneficiary (including, without limitation, if Grantor is a partnership or joint venture, the withdrawal from or admission into it of any general partner or joint venturer).
Transfer of Ownership of Grantor. The sale, pledge, encumbrance, assignment or transfer, voluntarily or involuntarily, whether by operation of law or otherwise, of any interest in Grantor (if Grantor is not a natural person but is a corporation, partnership, limited liability company, trust or other legal entity), without the prior written consent of Holder (including, without limitation, if Grantor is a partnership, limited liability company or joint venture, the withdrawal from or admission into it of any partner, member or joint venturer); provided, however that no sale, pledge, encumbrance, assignment or transfer of any interest in Grantor shall be a default of this County Deed of Trust if such sale, pledge, encumbrance, assignment or transfer of any interest in Grantor is permitted pursuant to Section 5.03 of the Loan Agreement.
Transfer of Ownership of Grantor. The sale, pledge, encumbrance, assignment or transfer, voluntarily or involuntarily, whether by operation of law or otherwise, of any interest in Grantor (if Grantor is not a natural person but is a corporation, partnership, trust or other legal entity), without the prior written consent of Agent (including, without limitation, if Grantor is a partnership or joint venture, the withdrawal from or admission into it of any general partner or joint venturer), which consent shall not be unreasonably withheld, except: (i) sales, pledges, encumbrances, assignments or transfers permitted under the Credit Agreement, and (ii) sales or transfers of stock in Grantor if Grantor is a corporation or sales or transfers of limited partnership interests in Grantor if Grantor is a limited partnership provided that such sales or transfers, together with any prior sales or transfers of interests in Grantor, do not result in more than 49% of the total beneficial interests in Grantor having been sold or transferred since the date of this Mortgage.
