Family Transfers. If you or an Equity Owner are a natural person, and desire to sell, lease, transfer or otherwise convey any Equity Interest in the Licensee, this Agreement, or the Hotel, (i) to a member or member of your or any such Equity Owner's immediate family i.e. spouse, children, parents, siblings ("Family Members") or (ii) a trust or trusts for the benefit of Equity Owner or the Equity Owner's Family Member(s) (each, a "Family Transfer"); in either case, without causing a change in the ultimate controlling party of the Licensee, this Agreement, or the Hotel, we will not withhold our consent to a Family Transfer if you otherwise satisfy the conditions set forth in Subparagraphs 11.b.(2)(b)(i)-(vii), (ix), and (x) below that we may require you to satisfy.
Appears in 4 contracts
Samples: Franchise License Agreement (Apple Suites Inc), License Agreement (Apple Suites Inc), License Agreement (Apple Suites Inc)
Family Transfers. If you or an any Equity Owner Owners as of the date of this Agreement are a natural person, and desire to sell, lease, transfer or otherwise convey any Equity Interest in the Licensee, this Agreement, or the Hotel, interest to: (ix) to a member or member of your or any such Equity Owner's ’s immediate family i.e. spouse, children, parents, siblings ("“Family Members"”) or (iiy) a trust or trusts for the benefit of Equity Owner or the Equity Owner's ’s Family Member(s) (each, a "“Family Transfer"”); , in either case, without causing a change in the ultimate controlling party Equity Owners of the Licensee, this Agreement, or the Hotel, we will not withhold our consent to a Family Transfer if you otherwise satisfy the conditions set forth in Subparagraphs 11.b.(2)(b)(i)-(vii), (ix), and (x) below that we may require you to satisfy.
Appears in 2 contracts
Samples: License Agreement, Franchise License Agreement (American Assets Trust, Inc.)
Family Transfers. If you or an any Equity Owner Owners as of the date of this Agreement are a natural person, and desire to sell, lease, transfer or otherwise convey any Equity Interest in the Licensee, this Agreement, or the Hotelto:, (ix) to a member or member of your or any such Equity Owner's immediate family i.e. spouse, children, parents, siblings ("Family Members") or (iiy) a trust or trusts for the benefit of Equity Owner or the Equity Owner's Family Member(s) (each, a "Family Transfer"); , in either case, without causing a change in the ultimate controlling party Equity Owners of the Licensee, this Agreement, or the Hotel, we will not withhold our consent to a Family Transfer if you otherwise satisfy the conditions set forth in Subparagraphs 11.b.(2)(b)(i)-(vii), (ix), and (x) below that we may require you to satisfy.
Appears in 1 contract
Samples: Franchise License Agreement (Apple Hospitality Five Inc)