Prohibition of Assignments and Transfers by Borrower. Borrower shall not assign or attempt to assign its rights under this Agreement and any purported assignment shall be void. Without the prior written consent of Lender, in Lender’s sole discretion, Borrower shall not suffer or permit any Transfer other than a Permitted Transfer.
Appears in 2 contracts
Sources: Loan Agreement (Emeritus Corp\wa\), Loan Agreement (Emeritus Corp\wa\)
Prohibition of Assignments and Transfers by Borrower. Borrower shall not assign or attempt to assign its rights under this Agreement and any purported assignment shall be void. Without the prior written consent of Lender, in Lender’s sole discretion, Borrower shall not suffer or permit any Transfer other than a Permitted Transfer.
Appears in 2 contracts
Sources: Loan Agreement, Loan Agreement (CNL Healthcare Properties II, Inc.)
Prohibition of Assignments and Transfers by Borrower. Borrower shall not assign or attempt to assign its rights under this Agreement and any purported assignment shall be void. Without the prior written consent of Lender, in Lender’s 's sole discretion, Borrower shall not suffer or permit any Transfer other than a Permitted Transfer.
Appears in 1 contract
Prohibition of Assignments and Transfers by Borrower. Borrower shall not assign or attempt to assign its rights under this Agreement and any purported assignment shall be void. Without the prior written consent of Lender, which consent may be withheld in Lender’s sole discretion, Borrower shall not suffer or permit any Transfer other than a Permitted Transfer.
Appears in 1 contract
Prohibition of Assignments and Transfers by Borrower. Borrower shall not assign or attempt to assign its rights under this Agreement without the prior written consent of Lender in its sole discretion and any purported assignment without such consent shall be void. Without the prior written consent of Lender, which consent may be withheld in Lender’s sole discretion, Borrower shall not suffer or permit any Transfer other than a Permitted Transfer.
Appears in 1 contract
Sources: Credit and Security Agreement
Prohibition of Assignments and Transfers by Borrower. Borrower shall not assign or attempt to assign its rights under this Agreement and any purported assignment shall be void. Without the prior written consent of Lender, in Lender’s 's sole discretion, Borrower shall not suffer or permit permit
(a) any Transfer other than a Permitted change in the management (whether direct or indirect) of the Project or of Borrower (subject to the exceptions set forth in the definition of "Transfer", above), or (b) any Transfer.
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