Sale of Assets to Affiliates Sample Clauses

Sale of Assets to Affiliates. The Company shall not sell or lease assets to the Sponsor, a Manager, the Directors or any of their Affiliates without a determination by a majority of the Board of Directors (including a majority of the Independent Directors) not otherwise interested in the transaction, that such transaction is fair and reasonable to the Company.
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Sale of Assets to Affiliates. Borrower shall not sell, lease, transfer or otherwise dispose of (collectively, a "disposition") any substantial part of the properties or assets of Borrower to an "affiliate" (as such term is defined in Rule 405 promulgated under the Securities Act of 1933, as amended) of Borrower, unless the consideration received by Borrower in any such disposition is equal to the fair market value of the assets or properties disposed of.
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