Common use of Indirect Transfers Clause in Contracts

Indirect Transfers. If an Interest is at any time held by a Member that is a partnership, corporation, limited liability company, trust or other person, any Transfer of a direct or indirect ownership interest in such Member shall be deemed a Transfer of the Interest of such Member and subject to the provisions of Section 10.2, except as expressly provided in Section 10.2(e) or (f) or in the definition of “Transfer.”

Appears in 4 contracts

Samples: Operating Agreement (Inland Real Estate Corp), Operating Agreement (Inland Real Estate Corp), Operating Agreement (Inland Real Estate Corp)

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Indirect Transfers. If an Interest is at any time held by a Member Partner that is a partnership, corporation, limited liability company, trust or other personEntity, any Transfer of a direct or indirect ownership interest in such Member Partner shall be deemed a Transfer of the Interest of such Member Partner and subject to the provisions of Section 10.29.1, except as expressly provided in Section 10.2(e) or (f) or in the definition of “Transfer9.3.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Phillips Edison - ARC Shopping Center REIT Inc.), Limited Partnership Agreement (Phillips Edison - ARC Shopping Center REIT Inc.)

Indirect Transfers. If an Interest is at any time held by a Member that is a partnership, corporation, limited liability company, trust or other personPerson, any Transfer of a direct or indirect ownership interest in such Member shall be deemed a Transfer of the Interest of such Member and subject to the provisions of Section 10.2, except as expressly provided in Section 10.2(e) or (f) or in the definition of “Transfer.”

Appears in 1 contract

Samples: Limited Liability Company Agreement (Inland Retail Real Estate Trust Inc)

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Indirect Transfers. If an Interest is at any time held by a Member that is a partnership, corporation, limited liability company, trust or other personEntity, any Transfer of a direct or indirect ownership interest in such Member shall be deemed a Transfer of the Interest of such Member and subject to the provisions of Section 10.29.1, except as expressly provided in Section 10.2(e) or (f) or in the definition of “Transfer9.3.

Appears in 1 contract

Samples: Limited Liability Company Agreement (American Realty Capital Healthcare Trust Inc)

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