Permitted Transfer Not Release. No Transfer by any Person of its Ownership Interests in Borrower shall release Borrower or Guarantor from liability under this Article, this Agreement or any other Loan Document, unless Lender shall have approved the Transfer and shall have expressly released Borrower or Guarantor in connection with the Transfer.
Appears in 3 contracts
Sources: Master Credit Facility Agreement (Colonial Realty Limited Partnership), Master Credit Facility Agreement (Colonial Properties Trust), Master Credit Facility Agreement (Bre Properties Inc /Md/)
Permitted Transfer Not Release. No Transfer by any Person the REIT of its Ownership Interests in the Borrower shall release the Borrower or Guarantor from liability under this Article, this Agreement or any other Loan Document, unless the Lender shall have approved the Transfer and shall have expressly released the Borrower or Guarantor in connection with the Transfer.
Appears in 3 contracts
Sources: Master Credit Facility Agreement (Mid America Apartment Communities Inc), Master Credit Facility Agreement (Mid America Apartment Communities Inc), Master Credit Facility Agreement (Walden Residential Properties Inc)
Permitted Transfer Not Release. No Transfer by any Person of its Ownership Interests in Borrower shall release Borrower or Guarantor from liability under this ArticleArticle 14, this Agreement or any other Loan Document, unless Lender shall have approved the Transfer and shall have expressly released Borrower or Guarantor in connection with the Transfer.
Appears in 1 contract
Sources: Master Credit Facility Agreement (Newcastle Investment Corp)
Permitted Transfer Not Release. No Transfer by any Person the Key Principal of its Ownership Interests in any Borrower shall release any Borrower or Guarantor from liability under this Article, this Agreement or any other Loan Borrower Document, unless Lender ▇▇▇▇▇▇ Mae shall have approved the Transfer and shall have expressly released the Borrower or Guarantor in connection with the Transfer.
Appears in 1 contract
Sources: Master Reimbursement Agreement (Mid America Apartment Communities Inc)
Permitted Transfer Not Release. No Transfer by any Person the Key Principal of its Ownership Interests in any Borrower shall release any Borrower or Guarantor from liability under this Article, this Agreement or any other Loan Document, unless Lender shall have approved the Transfer and shall have expressly released the Borrower or Guarantor in connection with the Transfer.
Appears in 1 contract
Sources: Master Credit Facility Agreement (Mid America Apartment Communities Inc)
Permitted Transfer Not Release. No Transfer by any Person the REIT of its Ownership Interests in Borrower shall release Borrower or Guarantor from liability under this ArticleArticle 22, this Agreement or any other Loan Document, unless Lender shall have approved the Transfer and shall have expressly released Borrower or Guarantor in connection with the Transfer.
Appears in 1 contract
Sources: Master Credit Facility Agreement (Mid America Apartment Communities Inc)