Common use of Transfers Not Permitted Clause in Contracts

Transfers Not Permitted. Without the prior written consent of Payee, Maker shall not sell, convey, alienate, mortgage, encumber, pledge or otherwise transfer, or permit the transfer of, directly or indirectly, the Mortgaged Property or ownership interests of Maker, except as permitted in the Loan Agreement.

Appears in 5 contracts

Samples: Mortgage Note (Nexthealth Inc), Mortgage Note (Servico Market Center Inc), Servico Market Center Inc

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Transfers Not Permitted. Without the prior written consent of Payee, Maker shall not sell, convey, alienate, mortgage, encumber, pledge or otherwise transfer, or permit the transfer of, directly or indirectly, the Mortgaged Property or ownership interests of Maker or Maker, ’s managing member except as for transfers otherwise permitted in the Loan AgreementDeed of Trust.

Appears in 3 contracts

Samples: Innkeepers Usa Trust/Fl, Innkeepers Usa Trust/Fl, Innkeepers Usa Trust/Fl

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Transfers Not Permitted. Without the prior written consent of Payee, Maker shall not sell, convey, alienate, mortgage, encumber, pledge or otherwise transfer, or permit the transfer of, directly or indirectly, the Mortgaged Property or ownership interests of Maker or Maker, 's general partner except as for transfers otherwise permitted in the Loan AgreementDeed of Trust.

Appears in 2 contracts

Samples: Equity Inns Inc, Equity Inns Inc

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