Preapproved Intrafamily Transfers. The occurrence of a Transfer of more than a 50% interest in Borrower or a Designated Entity for Transfers as set forth in this Section will be considered to be a “Preapproved Intrafamily Transfer” provided that each of the conditions set forth in Sections 7.04(a) and (b) is satisfied:
Appears in 49 contracts
Samples: Multifamily Loan and Security Agreement, Multifamily Loan and Security Agreement (KBS Strategic Opportunity REIT II, Inc.), Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.)
Preapproved Intrafamily Transfers. The occurrence of a Transfer or a series of Transfers that result in a change of more than a 50% interest of the limited partner or nonmanaging member interests in Borrower or a Designated Entity for Transfers as set forth in this Section will be considered to be a “Preapproved Intrafamily Transfer” provided that each of the conditions set forth in Sections 7.04(a) and (b) is satisfied:
Appears in 22 contracts
Samples: Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.), Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.), Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.)
Preapproved Intrafamily Transfers. The occurrence of a Transfer or a series of Transfers of limited partnership interests or non-managing membership interests that result in a change of more than a 5049% indirect interest in Borrower or a Designated Entity for Transfers 49% direct or indirect interest in a Person that Controls Borrower as set forth in this Section 7.04 will be considered to be a “Preapproved Intrafamily Transfer” provided that if each of the conditions set forth in Sections 7.04(a) and (b) is satisfied:
Appears in 3 contracts
Samples: Loan Agreement (Vinebrook Homes Trust, Inc.), Loan Agreement (Reven Housing REIT, Inc.), Loan Agreement (Front Yard Residential Corp)
Preapproved Intrafamily Transfers. The occurrence of a Transfer of more than a 50% interest in Borrower or a Designated Entity for Transfers as set forth in this Section will be considered to be a “Preapproved Intrafamily Transfer” provided that each of the following conditions set forth in Sections 7.04(a) and (b) is satisfied:
Appears in 2 contracts
Samples: Multifamily Loan and Security Agreement (Bluerock Enhanced Multifamily Trust, Inc.), Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.)
Preapproved Intrafamily Transfers. The occurrence of a Transfer of more than a 50% interest in Borrower or a Designated Entity for Transfers as set forth in this Section will be considered to be a “Preapproved Intrafamily Transfer” provided that each of the conditions is set forth in Sections 7.04(a) and (b) is satisfied:
Appears in 1 contract
Samples: Multifamily Loan and Security Agreement (Independence Realty Trust, Inc)
Preapproved Intrafamily Transfers. The occurrence of a Transfer of more than a 50% interest in Borrower or a Designated Entity for Transfers as set forth in this Section will be considered to be a “"Preapproved Intrafamily Transfer” " provided that each of the following conditions set forth in Sections 7.04(a) and (b) is satisfied:
Appears in 1 contract
Samples: Multifamily Loan and Security Agreement (Bluerock Residential Growth REIT, Inc.)
