Options to Purchase. Without the prior written approval of Agent, no Borrower shall grant any Person any right of first refusal, right of first offer or other option to acquire a Collateral Property or any Building thereon or any portion thereof or interest therein (provided that this §8.15 shall not prohibit a Borrower from entering into a contract to sell a Collateral Property in the ordinary course of business).
Appears in 1 contract
Sources: Credit Agreement (Bluerock Residential Growth REIT, Inc.)
Options to Purchase. Without the prior written approval of Agent, no neither Borrower nor any Subsidiary Guarantor shall grant any Person any right of first refusal, right of first offer or other option to acquire a Collateral Pool Property or any Building thereon or any portion thereof or interest therein (provided that this §8.15 8.16 shall not prohibit a Borrower from or Subsidiary Guarantor entering into a contract to sell a Collateral Pool Property in the ordinary course of business).
Appears in 1 contract
Sources: Credit Agreement (Sealy Industrial Partners IV, LP)
Options to Purchase. Without the prior written approval of Agent, no neither the Borrower nor any Guarantor shall grant any Person any right of first refusal, right of first offer or other option to acquire a Collateral Borrowing Base Property or any Building thereon or any portion thereof or interest therein after the date hereof (provided that this §8.15 8.18 shall not prohibit a Borrower from or Guarantor entering into a contract to sell a Collateral Borrowing Base Property in the ordinary course of business).
Appears in 1 contract
Sources: Credit Agreement (Modiv Inc.)