Common use of Acceleration Provisions Clause in Contracts

Acceleration Provisions. Each related Mortgage or loan agreement contains provisions for the acceleration of the payment of the unpaid principal balance of such Mortgage Loan if, without the consent of the holder of the Mortgage Loan, the related Mortgaged Property, or any controlling interest therein in the Mortgagor, is directly or indirectly transferred or sold (other than transfers for estate planning purposes, other purposes where no change of control occurs or such transfers which have been pre-approved to transferees which otherwise have met the Mortgage Loan Seller's underwriting criteria) or encumbered in connection with subordinate financing (other than any indebtedness described in clauses (xv) and (xvi) above) and each related Mortgage or loan agreement prohibits the pledge or encumbrance of the Mortgaged Property without the consent of the holder of the Mortgage Loan. The Mortgage or loan agreement requires the obligor to pay all reasonable fees and expenses associated with securing the consent of the holder of the Mortgage Loan.