Conditionally Permitted Transfers - Category I (Transfer Processing Fee transactions. (i) Affiliate Transfer. An “Affiliate Transfer” is a Transfer of any Controlling Interest in Borrower or a Designated Entity for Transfers to an Affiliate of the transferor. (ii) Intrafamily Transfer. An “Intrafamily Transfer” is a Transfer of any Controlling Interest in Borrower or a Designated Entity for Transfers to an entity or revocable Trust that is Controlled by the transferor for the benefit of Immediate Family Members. (iii) Transfer to Previously Underwritten Person.
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Samples: Continuing Covenant Agreement, Continuing Covenant Agreement, Multifamily Loan and Security Agreement
Conditionally Permitted Transfers - Category I (Transfer Processing Fee transactions. (i) Affiliate Transfer. An “Affiliate Transfer” is a Transfer of any Controlling Interest in Borrower or a Designated Entity for Transfers to an Affiliate of the transferor.
(ii) Intrafamily Transfer. An “Intrafamily Transfer” is a Transfer of any Controlling Interest in Borrower or a Designated Entity for Transfers to an entity or revocable Trust that is Controlled by the transferor for the benefit of Immediate Family MembersReserved.
(iii) Transfer to Previously Underwritten Person.
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