Example ContractsClausesTransfer of Loan
Transfer of Loan
Transfer of Loan contract clause examples

Transfer of Loan. Lender may, at any time, sell, transfer, or assign the Note, and any or all servicing rights with respect thereto, in whole but not in part, or grant participations therein. Lender may forward to each purchaser, transferee, assignee, servicer or participant all documents and information which Lender now has or may hereafter acquire relating to Borrower in connection therewith as Lender determines necessary within Lender’s discretion.

Transfer of Loan. Lender may, at any time, sell, transfer, or assign the Note, and any or all servicing rights with respect thereto, in whole but not in part, or grant participations therein. Lender may forward to each purchaser, transferee, assignee, servicer or participant all documents and information which Lender now has or may hereafter acquire relating to Borrower in connection therewith as Lender determines necessary within Lender’s discretion.

Transfer of Loan. Lender may, at any time, sell, transfer, or assign the Note, and any or all servicing rights with respect thereto, in whole but not in part, or grant participations therein. Lender may forward to each purchaser, transferee, assignee, servicer or participant all documents and information which Lender now has or may hereafter acquire relating to Borrower in connection therewith as Lender determines necessary within Lender’s discretion.

Transfer of Loan. Lender may, at any time, sell, transfer, or assign the Note, and any or all servicing rights with respect thereto, in whole but not in part, or grant participations therein. Lender may forward to each purchaser, transferee, assignee, servicer or participant all documents and information which Lender now has or may hereafter acquire relating to Borrower in connection therewith as Lender determines necessary within Lender’s discretion.

Mortgage Loan Transfer. A Seller paid reasonably equivalent value and fair consideration for each Mortgage Loan acquired from a third party.

Loan; Purpose of Loan. Subject to the terms and conditions of this Loan Agreement, Lender hereby agrees to make the Loan to Borrower to refinance the Bridge Loan in accordance with the USDA Conditional Commitment. The proceeds of the Loan may only be used to refinance the Bridge Loan, for the deposit of funds in an interest and payment reserve account, and to pay closing costs. Loan funds cannot be used for payment to an owner, partner, stockholder, beneficiary of the Borrower, their close relatives, or other Affiliates, above the cost of any work or services performed. The obligation of the Borrower to repay the Loan and the terms for repayment shall be evidenced by, and set forth in, the Note. The Loan shall mature on the Maturity Date.

Lender’s Right to Transfer Loan, Etc. Lender may, at any time, sell, transfer or assign the Loan in whole or in part and the Loan Documents and any servicing rights with respect thereto or grant participations in the Loan. Lender may forward to any actual or prospective Investor all documents and information which Lender now has or may later acquire relating to the Obligations, Borrowers, the Principals, the Leases, and the Properties, whether furnished by any of the Borrowers, any of the Principals or otherwise, as Lender determines advisable. Borrowers and the Principals agree to cooperate with Lender in connection with any transfer or participation made pursuant to this Section 7.04, including the delivery of a written certification in accordance with Section 2.16 and such other documents as may be reasonably requested by Lender. Without limiting the generality of the foregoing, if requested by Lender, Borrowers shall execute one or more replacement promissory notes in favor of Lender or any such Investor; provided that the aggregate principal amounts of all replacement notes shall equal the then outstanding principal amount of the Loan and the aggregate interest rates of such notes shall equal the interest rate provided in the Note, and all principal payments shall be applied prorata. Borrowers shall obtain the prior written consent of any Borrower Party, and use commercially reasonable efforts to obtain the prior written consent of any Tenant, in each case subject to any confidentiality obligation of which any Borrower is bound, necessary in order to permit Lender to furnish any such Investor with any and all information concerning the Properties, the Leases, the financial condition of Borrowers and the Principals, as may be reasonably requested by Lender or any such Investor and which may be obtained without undue expense.

Transfer. On a Collaboration Target-by-Collaboration Target basis, ​ not more than once per Collaboration Target, BMS may provide a written request to MTEM to transfer to BMS ​ (collectively, the “Transferred MTEM Materials”). ​. Such written request will specify the requested Transferred MTEM Materials, the requested reasonable quantities thereof, and the purposes for which BMS proposes to use such Transferred MTEM Materials. MTEM shall transfer the requested and agreed-upon Transferred MTEM Materials to BMS promptly ​ solely for the following purposes (the “Permitted BMS Purposes”) ​. BMS shall only use the Transferred MTEM Materials for the Permitted BMS Purposes and BMS agrees that such Transferred MTEM Materials shall be used in compliance with Applicable Law and the terms and conditions of this Agreement. Without limiting the foregoing, BMS shall not # seek or obtain Patent or other intellectual property protection on any Transferred MTEM Materials or Transferred MTEM Materials IP, # attempt to reverse engineer, synthesize, sequence or design around any Transferred MTEM Materials, or # generate any progeny, mutants, derivatives, modifications, improvements, analogs or variants of any Transferred MTEM Materials or combine or incorporate any of the foregoing with or in any other substances unless such activities are expressly agreed to in writing by MTEM. All Transferred MTEM Materials shall be the Confidential Information of MTEM and BMS shall not transfer, disclose or otherwise provide any Transferred MTEM Materials (or any progeny, mutants, derivatives, modifications,

Transfer. From the date hereof until the IPO Time, no Party hereto shall sell, transfer, distribute, assign, pledge or otherwise, directly or indirectly, dispose of (whether with or without consideration and whether voluntarily or involuntarily or by operation of law) any interest in such Party’s Common Stock or other equity securities without the prior written consent of the Company.

Transfer. Neither this Note nor any of the rights or obligations of the Holder hereunder may be assigned, conveyed or transferred, in whole or in part, without the Company’s prior written consent. Neither this Note nor any of the rights or obligations of the Company hereunder may be assigned, in whole or in part, by the Company without the prior written consent of the Holder, other than to a Successor. Subject to the foregoing, the rights and obligations of the Company and the Holder under this Note shall be binding upon and enure to the benefit of their respective permitted successors, assigns, heirs, administrators and transferees.

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