Full Trigger Events Sample Clauses

Full Trigger Events. For purposes of the Appreciation Allocation Agreement, a “Full Trigger Event” shall be deemed to have occurred if: (a) Company refinances the Construction Loan; (b) Company sells, conveys, or otherwise transfers the entirety of the Property to a third-party, unaffiliated entity; or (c) the membership interests of Company are changed such that ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ and/or ▇▇▇▇▇ ▇▇▇▇▇ no longer have a controlling interest in Company; provided that any such transfer made for estate planning purposes or as a result of the death of ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ and/or ▇▇▇▇▇ ▇▇▇▇▇ shall not constitute a Full Trigger Event.