TRANSFERS OF THE MORTGAGED PROPERTY OR INTERESTS IN BORROWER. Upon the occurrence of a Transfer prohibited by or requiring Lender’s approval (if applicable) under this Article VII, Lender may, in Lender’s Discretion, by Notice to Borrower and the proposed transferee(s), modify or render void, any or all of the negotiated modifications to the Loan Documents (and/or deferral of deposits to Reserve Funds) as a condition to Lender’s consent to the proposed Transfer.
Appears in 75 contracts
Samples: Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.), Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.), Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.)
TRANSFERS OF THE MORTGAGED PROPERTY OR INTERESTS IN BORROWER. Upon the occurrence of a Transfer prohibited by or requiring LenderXxxxxx’s approval (if applicable) under this Article VII, Lender may, in LenderXxxxxx’s Discretion, by Notice to Borrower and the proposed transferee(s), modify or render void, any or all of the negotiated modifications to the Loan Documents (and/or deferral of deposits to Reserve Funds) as a condition to Lender’s consent to the proposed Transfer.
Appears in 2 contracts
Samples: Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.), Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.)
TRANSFERS OF THE MORTGAGED PROPERTY OR INTERESTS IN BORROWER. Upon the occurrence of a Transfer prohibited by or requiring Lender’s 's approval (if applicable) under this Article VII, Lender may, in Lender’s 's Discretion, by Notice to Borrower and the proposed transferee(s), modify or render void, any or all of the negotiated modifications to the Loan Documents (and/or deferral of deposits to Reserve Funds) as a condition to Lender’s 's consent to the proposed Transfer.
Appears in 1 contract
Samples: Multifamily Loan and Security Agreement (Bluerock Residential Growth REIT, Inc.)
