Common use of Modification to Loan Documents Clause in Contracts

Modification to Loan Documents. From and after the Effective Date, provided Borrower continues to own the Project and Sponsor directly or indirectly owns more than 50% of and controls Borrower, the Loan Documents shall be modified as follows.

Appears in 2 contracts

Sources: Consent Agreement (Clipper Realty Inc.), Consent Agreement (Clipper Realty Inc.)