Common use of Deed in Lieu of Foreclosure Clause in Contracts

Deed in Lieu of Foreclosure. Without the express prior written consent of Lender, Borrower shall not, and shall not cause, suffer or permit Mezzanine Borrower to, enter into any deed-in-lieu or consensual foreclosure with or for the benefit of Mezzanine Lender or any of its affiliates. Without the express prior written consent of Lender, Borrower shall not, and shall not cause, suffer or permit Mezzanine Borrower to, enter into any consensual sale or other transaction in connection with the Mezzanine Loan which could diminish, modify, terminate, impair or otherwise adversely affect the interests of Lender or Borrower, the Property or any portion thereof or any interest therein or of Mezzanine Borrower in the Property or any portion thereof or any interest therein.

Deed in Lieu of Foreclosure. Without the express prior written consent of LenderNo Borrower shall, and no Borrower shall not, and shall not cause, suffer or permit Mezzanine Borrower Borrowers to, enter into any deed-in-lieu or consensual foreclosure with or for the benefit of Mezzanine Lender or any of its affiliates. Without the express prior written consent of Lender, no Borrower shall, and no Borrower shall not, and shall not cause, suffer or permit Mezzanine Borrower Borrowers to, enter into any consensual sale or other transaction in connection with the Mezzanine Loan which could diminish, modify, terminate, impair or otherwise adversely affect the interests of Lender or BorrowerBorrowers, the Property Properties or any portion thereof or any interest therein or of Mezzanine Borrower Borrowers in the Property Properties or any portion thereof or any interest therein.