Common use of Transfer of Property or Borrower Clause in Contracts

Transfer of Property or Borrower. Borrower shall not permit any change in its ownership, or the ownership of its general partners, the nature and operation of its business or the nature and character of Borrower or the SLF, nor shall Borrower sell, assign, transfer, hypothecate or dispose of all or any portion of the SLF except as permitted hereby, without the prior written consent of Bank, which consent shall be withheld or granted in Bank's sole and absolute discretion. Notwithstanding the foregoing, the sale or disposition of shares or units of Borrower sold or transferred pursuant to a registration made with the Securities and Exchange Commission pursuant to the Securities and Exchange Act of 1934 shall be deemed a permissible transaction.

Transfer of Property or Borrower. Borrower shall not permit any change in its ownership, or the ownership of its general partners, the nature and operation of its business or the nature and character of Borrower or the SLFHotel, nor shall Borrower sell, assign, transfer, hypothecate or dispose of all or any portion of the SLF Hotel except as permitted hereby, without the prior written consent of Bank, which consent shall be withheld or granted in Bank's sole and absolute discretion. Notwithstanding the foregoing, the sale or disposition of shares or units of Borrower sold or transferred pursuant to a registration made with the Securities and Exchange Commission pursuant to the Securities and Exchange Act of 1934 shall be deemed a permissible transaction.