Common use of Change in Management or Control Clause in Contracts

Change in Management or Control. The occurrence of any material management or organizational change in Borrower or in the partners, venturers or members of Borrower, including, without limitation, any partnership, joint venture or member dispute which Administrative Agent determines, in its sole and absolute discretion, shall have a material adverse effect on the Loan, on the Property, or on the ability of Borrower or its partners, venturers or members to perform their obligations under the Loan Documents; or

Change in Management or Control. The occurrence of any material management or organizational change in Borrower or in the partners, venturers or members of Borrower, including, without limitation, any partnership, joint venture or member dispute which Administrative Agent Lender determines, in its sole and absolute discretion, shall have a material adverse effect on the Loan, on the PropertyProperty and Improvements, or on the ability of Borrower or its partners, venturers or members to perform their obligations under the Loan Documents; provided, however, the foregoing shall not restrict any of the transactions permitted by the terms of Section 9.12; or

Change in Management or Control. The occurrence of any material management or organizational change in Borrower or in the partners, venturers or members of Borrower, including, without limitation, any partnership, joint venture or member dispute which Administrative Agent determines, in its sole and absolute reasonable discretion, shall have a material adverse effect on the Loan, on the Property, or on the ability of Borrower or its partners, venturers or members to perform their its obligations under the Loan Documents; or

Change in Management or Control. The occurrence of any material ------------------------------- management or organizational change in Borrower or Guarantor, or in the partners, venturers or members of BorrowerBorrower or Guarantor, including, without limitation, any partnership, joint venture or member dispute which Administrative Agent Lender determines, in its sole and absolute discretion, shall have a material adverse effect on the Loan, on the PropertyProperty and. Improvements, or on the ability of Borrower or its partners, venturers or members to perform their obligations under the Loan Documents; or

Change in Management or Control. The Except as otherwise provided in Section 6.8, the occurrence of any material management or organizational change in Borrower or in the partners, venturers or members of Borrower, including, without limitation, any partnership, joint venture or member dispute which Administrative Agent Bondowner Representative determines, in its sole and absolute discretion, shall have a material adverse effect on the Loan, on the PropertyProject, or on the ability of Borrower or its partners, venturers or members to perform their obligations under the Loan Documents; or

Change in Management or Control. The occurrence of any material management or organizational change in Borrower or in the partners, venturers or members of Borrower, including, without limitation, any partnership, joint venture or member dispute which Administrative Agent Lender determines, in its sole and absolute discretion, shall have a material adverse effect on the Loan, on the Property, Loan or on the ability of Borrower or its partners, venturers or members to perform their obligations under the Loan Documents; or, other that such management or organizational change as may be expressly permitted under the Mortgage Loan Documents.

Change in Management or Control. The occurrence of any material management or organizational change in Borrower or Guarantor or in the partners, venturers or members of BorrowerBorrower or Guarantor, including, without limitation, any partnership, joint venture or member dispute which Administrative Agent determines, in its sole and absolute reasonable discretion, shall have a material adverse effect on the LoanMaterial Adverse Effect; provided, on the Propertyhowever, management or on the ability organization changes that result from Transfers of direct or indirect interests in Borrower or its partners, venturers or members to perform their obligations and which are permitted under the Loan Documentsterms and conditions of Section 14.2(b) shall not constitute a Default under this Section 13.1(g); or