Common use of Waiver of Acceleration Clause in Contracts

Waiver of Acceleration. Noteholder hereby consents to the sale and conveyance of the Property and Collateral and agrees that it shall not exercise its right to cause all sums secured by the Security Instrument to become immediately due and payable because of the conveyance of the Property and the Collateral from Borrower to Assumptor; provided, however, Noteholder reserves its right under the terms of the Security Instrument or any other Loan Document to accelerate all principal and interest in the event of any subsequent sale, transfer, encumbrance or other conveyance of the Property, the Collateral or any interest in Assumptor, except as permitted by the Loan Documents.

Appears in 3 contracts

Samples: Assumption Agreement (Pebblebrook Hotel Trust), Assumption Agreement (Pebblebrook Hotel Trust), Assumption Agreement (AmREIT, Inc.)

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Waiver of Acceleration. Noteholder hereby consents to the sale and conveyance of the Property and Collateral and agrees that it shall not exercise its right to cause all sums secured by the Security Instrument Deed to become immediately due and payable because of the conveyance of the Property and the Collateral from Borrower to Assumptor; provided, provided however, . Noteholder reserves its right under the terms of the Security Instrument Deed or any other Loan Document to accelerate all principal and interest in the event of any subsequent sale, transfer, encumbrance or other conveyance of the Property, the Collateral or any interest in Assumptor, except as permitted by the Loan Documents.

Appears in 2 contracts

Samples: Assumption Agreement, Assumption Agreement (Inland Diversified Real Estate Trust, Inc.)

Waiver of Acceleration. Noteholder Lender hereby consents to the sale and conveyance transfer of the Property to, and Collateral assumption of the Loan by, Buyer and agrees that it shall not exercise its right to cause all sums secured by the Security Instrument to become immediately due and payable solely because of the sale and conveyance of the Property and the Collateral from Borrower to AssumptorBuyer; provided, however, Noteholder Lender reserves its right under the terms of the Security Instrument or any other Loan Document to accelerate all principal and interest in the event of any subsequent sale, transfer, encumbrance or other conveyance of the Property, the Collateral or any interest in AssumptorBuyer, except as expressly permitted by the Loan Documents.

Appears in 2 contracts

Samples: Assumption of Mortgage and Security Agreement, Assumption of Mortgage and Security Agreement (Cb Richard Ellis Realty Trust)

Waiver of Acceleration. Noteholder hereby consents to the sale and conveyance of the Property and Collateral and agrees that it shall not exercise its right to cause all sums secured by the Security Instrument Agreement to become immediately due and payable because of the conveyance of the Property and the Collateral from Original Borrower to Assumptor; provided, however, Noteholder reserves its right under the terms of the Security Instrument Agreement or any other Loan Document to accelerate all principal and interest in the event of any subsequent sale, transfer, encumbrance or other conveyance of the Property, the Collateral or any interest in Assumptor, except as permitted by the Loan Documents.

Appears in 1 contract

Samples: Assumption Agreement (Lodging Fund REIT III, Inc.)

Waiver of Acceleration. Noteholder hereby consents to the sale and conveyance of the Property and Collateral and agrees that it shall not exercise its right to cause all sums secured by the Security Instrument Mortgage to become immediately due and payable because of the conveyance of the Property and the Collateral from Borrower to Assumptor; provided, however, Noteholder reserves its right under the terms of the Security Instrument Mortgage or any other Loan Document to accelerate all principal and interest in the event of any subsequent sale, transfer, encumbrance or other conveyance of the Property, the Collateral or any interest in Assumptor, except as permitted by the Loan Documents.

Appears in 1 contract

Samples: Assumption Agreement (Industrial Income Trust Inc.)

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Waiver of Acceleration. Noteholder hereby consents to the sale and conveyance of the Property and Collateral and agrees that it shall not exercise its right to cause all sums secured by the Security Instrument to become immediately due and payable because of the conveyance of the Property and the Collateral from Borrower to Assumptor; provided, however, Noteholder reserves its right under the terms of the Security Instrument instrument or any other Loan Document to accelerate all principal and interest in the event of any subsequent sale, transfer, encumbrance or other conveyance of the Property, the Collateral or any interest in Assumptor, except as permitted by the Loan Documents.

Appears in 1 contract

Samples: Assumption Agreement (Whitestone REIT)

Waiver of Acceleration. Noteholder hereby consents to the sale and conveyance of the Property and Collateral and agrees that it shall not exercise its right to cause all sums secured by the Security Instrument Deed of Trust to become immediately due and payable because of the conveyance of the Property and the Collateral from Borrower to Assumptor; provided, however, Noteholder reserves its right under the terms of the Security Instrument Deed of Trust or any other Loan Document to accelerate all principal and interest in the event of any subsequent sale, transfer, encumbrance or other conveyance of the Property, the Collateral or any interest in Assumptor, except as permitted by the Loan Documents.

Appears in 1 contract

Samples: Assumption Agreement (Netreit, Inc.)

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