Common use of Transfer of Premises Clause in Contracts

Transfer of Premises. Except as otherwise permitted in the Credit Agreement, the Grantor covenants and agrees with the Agent that the Grantor shall not sell, transfer, convey, mortgage, encumber or otherwise dispose of the Premises, the Rents and Profits or the Intangible Personalty or any part thereof or any interest therein or engage in subordinate financing with respect thereto during the term of this Mortgage without the prior written consent of the Agent.

Appears in 2 contracts

Samples: Open End Mortgage, Assignment of Leases and Rents and Security Agreement (Lower Road Associates LLC), Mortgage and Security Agreement (Lower Road Associates LLC)

AutoNDA by SimpleDocs

Transfer of Premises. Except as otherwise permitted in the Credit Agreement, the Grantor covenants and agrees with the Administrative Agent that the Grantor shall not sell, transfer, convey, mortgage, encumber or otherwise dispose of the Premises, the Rents and Profits or the Intangible Personalty or any part thereof or any interest therein or engage in subordinate financing with respect thereto during the term of this Mortgage Security Instrument without the prior written consent of the Agent.

Appears in 1 contract

Samples: Deed of Trust (Riviera Holdings Corp)

Transfer of Premises. Except as otherwise permitted in the Credit Agreement, the Grantor covenants and agrees with the Agent that the Grantor shall not sell, transfer, convey, mortgage, encumber or otherwise dispose of the Premises, the Rents and Profits or the Intangible Personalty or any part thereof or any interest therein or engage in subordinate financing with respect thereto during the term of this Mortgage without the prior written consent of the Agent.Intangible

Appears in 1 contract

Samples: Open End Mortgage and Security Agreement (Lower Road Associates LLC)

AutoNDA by SimpleDocs

Transfer of Premises. Except as otherwise permitted in the Credit Agreement, the Grantor covenants and agrees with the Agent that the Grantor shall not sell, transfer, convey, mortgage, encumber or otherwise dispose of the Premises, the Rents and Profits or the Intangible Personalty or any part thereof or any interest therein or engage in subordinate financing with respect thereto during the term of this Mortgage Deed of Trust without the prior written consent of the Agent.

Appears in 1 contract

Samples: Securities Purchase Agreement (Midas Medici Group Holdings, Inc.)

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