Estate Planning. Notwithstanding the provisions of Section 11.02(b)(2), so long as (3) the Transfer does not cause a change in the management and control of Borrower and (4) the transferor Key Principal or Guarantor, as applicable, maintains the same right and ability to manage and control Borrower as existed prior to the Transfer, Lender shall consent to Transfers of direct or indirect ownership interests in Borrower held by a Key Principal or Guarantor to, and Transfers of direct or indirect ownership interests, in an entity Key Principal or entity Guarantor to:
Appears in 2 contracts
Samples: Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.), Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.)
Estate Planning. Notwithstanding the provisions of Section 11.02(b)(2), so long as (31) the Transfer does not cause a change in the management and control of Borrower and (42) the transferor Key Principal or Guarantor, as applicable, maintains the same right and ability to manage and control Borrower as existed prior to the Transfer, Lender shall consent to Transfers of direct or indirect ownership interests in Borrower held by a Key Principal or Guarantor to, and Transfers of direct or indirect ownership interests, in an entity Key Principal or entity Guarantor to:
Appears in 2 contracts
Samples: Multifamily Loan and Security Agreement (Bluerock Residential Growth REIT, Inc.), Multifamily Loan and Security Agreement (Independence Realty Trust, Inc)
Estate Planning. Notwithstanding the provisions of Section 11.02(b)(2), so long as (3) %4. the Transfer does not cause a change in the management and control of Borrower and (4) %3. the transferor Key Principal or Guarantor, as applicable, maintains the same right and ability to manage and control Borrower as existed prior to the Transfer, Lender shall consent to Transfers of direct or indirect ownership interests in Borrower held by a Key Principal or Guarantor to, and Transfers of direct or indirect ownership interests, in an entity Key Principal or entity Guarantor to:
Appears in 1 contract
Samples: Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.)
Estate Planning. Notwithstanding the provisions of Section 11.02(b)(2) (No Transfers of Interests in Borrower, Key Principal, or Guarantor), so long as (31) the Transfer does not cause a change in the management and control Change of Borrower Control and (42) the transferor Key Principal or and Guarantor, as applicable, maintains maintain the same right and ability to manage and control Control Borrower as existed prior to the Transfer, Lender shall consent to Transfers of direct or indirect ownership interests Ownership Interests in Borrower held by a Key Principal or Guarantor toBorrower, and Transfers of direct or indirect ownership interests, Ownership Interests in an entity Key Principal or entity Guarantor to:
Appears in 1 contract
Samples: Master Credit Facility Agreement (Steadfast Apartment REIT, Inc.)
Estate Planning. Notwithstanding the provisions of Section 11.02(b)(2) (No Transfers of Interests in Borrower, Key Principal, or Guarantor), so long as the (31) the Transfer does not cause a change in the management and control Change of Borrower Control and (42) the transferor Key Principal or and Guarantor, as applicable, maintains maintain the same right and ability to manage and control Control Borrower as existed prior to the Transfer, Lender shall consent to Transfers of direct or indirect ownership interests Ownership Interests in Borrower held by a Key Principal or Guarantor toAffiliated Property Operator, and Transfers of direct or indirect ownership interestsOwnership Interests, in an entity Key Principal or entity Guarantor to:
Appears in 1 contract
Samples: Master Credit Facility Agreement (Brookdale Senior Living Inc.)
