Equity Transfers. Notwithstanding anything to the contrary contained herein, PSLT-ALS Holdings' consent shall not be required in connection with any of the following (each, an "Equity Transfer"): (i) an initial public offering of Guarantor or any Parent or any other equity owner of Guarantor or similar equity sale transaction targeted to raise capital for Guarantor or any Parent or other equity owner of Guarantor, or (ii) any direct or indirect equity transfer in Guarantor of less than fifty percent (50%) of the ownership interest, excluding any Permitted Management Incentive Program from such calculation, provided that, in each case, the current shareholders of Guarantor which control the management of Guarantor as of the date hereof continue to control the management of Guarantor following any such Equity Transfer.
Equity Transfers. Notwithstanding anything to the contrary contained herein, PSLT-BLC Holdings' consent shall not be required in connection with any of the following (each, an "Equity Transfer"): (i) an initial public offering of Guarantor or similar equity sale transaction targeted to raise equity capital for Guarantor, or (ii) any direct or indirect transfer of less than fifty percent (50%) of the ownership interest in (x) Guarantor or (y) Fortress, excluding any Permitted Management Incentive Program from such calculation, provided that, in the case of an Equity Transfer contemplated by clause (ii), the current equity holders of Guarantor or Fortress, as the case may be, which control Guarantor or Fortress, as the case may be, as of the date hereof continue to control Guarantor or Fortress, as the case may be, following any such Equity Transfer.
Equity Transfers. (a) Subject to the pledges and transfers contemplated by the Security Documents, each Shareholder agrees that it will not make any Transfer other than any Transfers that: (i) are carried out in accordance with and subject to the conditions set forth in this Agreement, (ii) do not and would not result in a Change of Control Event, and (iii) are made to a transferee that, concurrently with becoming a Shareholder hereunder, delivers Required Equity Support, in each case in a form and from an Equity Guarantor or an entity that is acceptable to the Global Administrative Agent (acting at the instruction of all of the Senior Lenders), provided that any Required Equity Support or other equity support pursuant to Section 6.1(iii) (Equity Transfers) shall only be required if any Guaranteed Obligations of such Shareholder remain outstanding.
Equity Transfers. 25 6.2 Assumption of Obligations; Accession ................................................................. 25 6.3 Advance Notice ..................................................................................................... 25 6.4
Equity Transfers. Duly prepare, execute and valid documents of transfer in relation to the Sale Equity, such transfers to be in favor of the Purchaser, and paid the stamp duties for the transfer of equity as required by relevant laws and regulations.
Equity Transfers. The following transfers shall be effective as of the Closing Date:
Equity Transfers. LOAN AGREEMENT New Private Restaurant Properties, LLCObligor No.: 7829920036 CHAR1\1443108v12 17
Equity Transfers. At any time prior to the Project Completion Date, the Sponsor fails to hold, directly or indirectly, greater than 50% of the Equity Interests of the Borrower.
Equity Transfers. Unless Borrower shall have delivered a Rating Agency Confirmation in connection therewith, make, permit or allow any Person (whether or not within Borrower's control) to make any sale, assignment, transfer, conveyance, pledge or encumbrance of any stock, partnership interest, membership interest, or other equity interest in Borrower (or of any direct or indirect member of Borrower, or of any other entity that directly or indirectly, through any number of tiers of ownership, owns any equity interest in Borrower), or the sale or creation of any additional membership interest;
Equity Transfers. The Equity Transfers have been duly completed and all documents required to be filed with or delivered to Governmental Entity have been so filed or delivered.
