Common use of Consent to Transfers Clause in Contracts

Consent to Transfers. To the extent required by Article 4 of the Operating Agreement or applicable law, the Contributor hereby consents to the “Disposition” (as defined in the Operating Agreement) of the Class A Membership Interest and the Class B Membership Interest in the Company to the Acquirer pursuant to separate agreements.

Appears in 2 contracts

Samples: Contribution Agreement (Summit Hotel Properties, Inc.), Contribution Agreement (Summit Hotel OP, LP)

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Consent to Transfers. To the extent required by Pursuant to Article 4 of the Operating Agreement or applicable lawAgreement, the Contributor hereby consents to the “Disposition” (as defined in the Operating Agreement) of the Class A Membership Interest and the Class B C Membership Interest in the Company to the Acquirer pursuant to separate agreements.

Appears in 2 contracts

Samples: Contribution Agreement (Summit Hotel Properties, Inc.), Contribution Agreement (Summit Hotel OP, LP)

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