Intrafamily Transfer. An “Intrafamily Transfer” is a Transfer of any Controlling Interest in Borrower or a Designated Entity for Transfers to an entity or revocable Trust that is Controlled by the transferor for the benefit of Immediate Family Members.
Appears in 3 contracts
Samples: Continuing Covenant Agreement, Continuing Covenant Agreement, Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.)
Intrafamily Transfer. An “Intrafamily Transfer” is a Transfer of any Controlling Interest in Borrower or a Designated Entity for Transfers to an entity or revocable Trust that is Controlled by the transferor for the benefit of Immediate Family Members.. (iii)
Appears in 1 contract
Samples: Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.)
