Uncontested Conveyance Sample Clauses

Uncontested Conveyance. Upon the occurrence of an Uncured Event of Default, if Lender chooses to exercise its rights set forth in Section 7(a)(ii) hereof, Borrower consents to the conveyance of title to the Property to Lender or any other Transferee (if other than Lender) in accordance with the terms of Section 7(a)(ii) hereof. In furtherance of the foregoing, in the event that Lender shall direct Escrowee to record the Conveyance Deed, other than as specifically permitted in Section 7(i) below, Borrower and its respective members, employees and Affiliates, including without limitation, Guarantor, shall not, nor permit any such Affiliate, including, without limitation, Guarantor, or any other Person to, (i) contest, challenge, oppose or otherwise attempt to delay, hinder, prevent or avoid such release of the Conveyance Documents or of the conveyance of the Property, or file any appeal thereof or objection thereto, (ii) contest or challenge the validity of the Conveyance Documents or of the transfer of the Property to Lender or any other Transferee (if other than Lender), or file any appeal thereof or objection thereto, (iii) seek any legal or equitable remedy to prevent, delay, contest, challenge or avoid any such release or conveyance, or file any appeal thereof or objection thereto, (iv) institute any insolvency proceeding (or acquiesce in or fail to contest any involuntary insolvency proceeding), (v) otherwise directly or indirectly hinder, delay or obstruct any such release or conveyance, or (vi) collude or conspire with any third party to do any of the foregoing. Without limiting the generality of the foregoing, other than as specifically permitted in Section 7(i) below, Borrower (A) knowingly and voluntarily waives, now and forever, the right to contest, challenge, avoid, or seek any injunctive relief to prevent the release of the Conveyance Documents or the conveyance of the Property, and (b) knowingly and voluntarily waives, now and forever, the right to file any action or appeal to set aside or to otherwise contest or challenge any such release or conveyance.
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Related to Uncontested Conveyance

  • CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE SECTION 8.1. Company May Consolidate, Etc.,

  • Assignment and Conveyance 1. The Assignor hereby conveys, sells, grants, transfers and assigns to the Assignee all of the right, title and interest of the Assignor, as purchaser, in, to and under (a) those certain Mortgage Loans listed on the schedule (the "Mortgage Loan Schedule") attached hereto as Exhibit A (the "Mortgage Loans") and (b) except as described below, that certain Mortgage Loan Purchase Agreement (the "Purchase Agreement"), dated as of [DATE], between the Assignor, as purchaser (the "Purchaser"), and the Company, as seller, solely insofar as the Purchase Agreement relates to the Mortgage Loans. The Assignor specifically reserves and does not assign to the Assignee hereunder (i) any and all right, title and interest in, to and under and any obligations of the Assignor with respect to any mortgage loans subject to the Purchase Agreement which are not the Mortgage Loans set forth on the Mortgage Loan Schedule and are not the subject of this Agreement or (ii) the rights of the Purchaser under Section 9.04 of the Purchase Agreement. Recognition of the Company

  • CONSOLIDATION, MERGER, CONVEYANCE OR TRANSFER Section 801. Company May Consolidate, Etc.,

  • Consolidation Merger Sale Conveyance and Lease SECTION 10.01. Company May Consolidate, etc.,

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