Common use of Crowdfunding Clause in Contracts

Crowdfunding. Except as has been disclosed in writing to and approved in writing by Funding Lender, there has been no direct or indirect interest in Borrower 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. Except as has been disclosed in writing to and approved in writing by Funding Lender, there has been no direct or indirect interest in Borrower 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.

Crowdfunding. Except as has been disclosed in writing to and approved in writing by Funding Lender, there has been no direct or indirect interest in Borrower 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. Except as has been disclosed in writing to and approved in writing by Funding Lender, there has been no direct or indirect interest in Borrower 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.