Common use of Consent of Manager Clause in Contracts

Consent of Manager. In accordance with the terms of the Member Control Agreement of the Contributed Entity, the undersigned, in its capacity as a manager or member of the Contributed Entity consents to the applicable transfers contemplated in Section 1.01 hereof and the admission of the Operating Partnership as a substituted member in the Contributed Entity and waives any rights which the undersigned has with respect of the transfer of any of the Contributed Interests to the Operating Partnership.

Appears in 6 contracts

Samples: Contribution Agreement (Silver Bay Realty Trust Corp.), Contribution Agreement (Silver Bay Realty Trust Corp.), Contribution Agreement (Silver Bay Realty Trust Corp.)

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