Common use of Termination Upon Transfer Clause in Contracts

Termination Upon Transfer. If Owner sells or otherwise transfers its interest in the Facility, or if all of the membership interests in Owner are directly or indirectly sold to a third party.

Appears in 3 contracts

Sources: Management Agreement (Emeritus Corp\wa\), Limited Liability Company Agreement (Emeritus Corp\wa\), Limited Liability Company Agreement

Termination Upon Transfer. If Owner sells or otherwise transfers its interest in the Facility, or if all of the membership interests in Owner are directly or indirectly sold to a third party.

Appears in 1 contract

Sources: Management Agreement (Emeritus Corp\wa\)