Common use of Condition to All Transfers Clause in Contracts

Condition to All Transfers. It shall be a condition to any Transfer that any required consent to such Transfer by any Secured Lender shall have been obtained. It shall also be a condition to the effectiveness of any Transfer of all or part of the Interest of a Member to a Person other than a Member, including Transfers otherwise permitted by Section 10.2(e) or (f), and a condition to the purported transferee of such Transfer being admitted as a Member of the Company or otherwise being entitled to any benefits or rights under this Agreement or otherwise associated with such Interest, that:

Appears in 2 contracts

Samples: Operating Agreement (Inland Real Estate Corp), Limited Liability Company Agreement (Inland Retail Real Estate Trust Inc)

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Condition to All Transfers. It shall be a condition to any Transfer that any required consent to such Transfer by any Secured Lender or pursuant to the terms and conditions set forth in any agreements related to the ownership by the Company of the Equity Interest shall have been obtained. It shall also be a condition to the effectiveness of any Transfer of all or part of the Interest of a Member to a Person other than a Member, including Transfers otherwise permitted by Section 10.2(e) or (f), and a condition to the purported transferee of such Transfer being admitted as a Member of the Company or otherwise being entitled to any benefits or rights under this Agreement or otherwise associated with such Interest, that:

Appears in 1 contract

Samples: Operating Agreement (Inland Real Estate Corp)

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Condition to All Transfers. It shall be a condition to any Transfer that any required consent to such Transfer by any Secured Lender shall have been obtained. It shall also be a condition to the effectiveness of any Transfer of all or part of the Interest of a Member to a Person other than a MemberPartner, including Transfers otherwise permitted by Section 10.2(eSections 11.2(d) or and (fe), and a condition to the purported transferee of such Transfer being admitted as a Member Partner of the Company Partnership or otherwise being entitled to any benefits or rights under this Agreement or otherwise associated with such Interest, that:

Appears in 1 contract

Samples: Limited Partnership Agreement (Inland Real Estate Corp)

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