Common use of Crowdfunding Clause in Contracts

Crowdfunding. Borrower will not permit any direct or indirect ownership interests in Borrower to be marketed or sold to investors through any form of Crowdfunding which constitutes either of the following: (a) A Controlling Interest. (b) An interest which may assume Control of Borrower under any terms of either Borrower’s organizational documents, or the organizational documents of any entity in Borrower’s ownership structure, regardless of whether the change in Control is the subject of a Permitted Transfer or a Conditionally Permitted Transfer.

Crowdfunding. Borrower will not permit any direct or indirect ownership interests in Borrower to be marketed or sold to investors through any form of Crowdfunding which constitutes either of the following: (a) A Controlling Interest. (b) An interest which may assume Control of Borrower under any terms of either BorrowerXxxxxxxx’s organizational documents, or the organizational documents of any entity in Borrower’s ownership structure, regardless of whether the change in Control is the subject of a Permitted Transfer or a Conditionally Permitted Transfer. 6.23 through 6.64 are reserved.

Crowdfunding. Borrower will not permit any direct or indirect ownership interests in Borrower to be marketed or sold to investors through any form of Crowdfunding which constitutes either of the following: (a) A Controlling Interest. (b) An interest which may assume Control of Borrower under any terms of either BorrowerXxxxxxxx’s organizational documents, or the organizational documents of any entity in Borrower’s ownership structure, regardless of whether the change in Control is the subject of a Permitted Transfer or a Conditionally Permitted Transfer.

Crowdfunding. Borrower will not permit any direct or indirect ownership interests in Borrower to be marketed or sold to investors through any form of Crowdfunding which constitutes either of the following: (a) A Controlling Interest. (b) An interest which may assume Control of Borrower under any terms of either Borrower’s organizational documentsthe Organizational Documents, or the organizational documents of any entity in Borrower’s ownership structure, regardless of whether the change in Control is the subject of a Permitted Transfer or a Conditionally Permitted Transfer.