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 (Servico Market Center Inc), Mortgage Note (Servico Market Center Inc), Mortgage Note (Servico Market Center Inc)

AutoNDA by SimpleDocs

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: Deed of Trust Note (Innkeepers Usa Trust/Fl), Deed of Trust Note (Innkeepers Usa Trust/Fl), Deed of Trust Note (Innkeepers Usa Trust/Fl)

AutoNDA by SimpleDocs

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: Deed of Trust Note (Equity Inns Inc), Deed of Trust Note (Equity Inns Inc)

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