Common use of Privately Held Equity Interests Clause in Contracts

Privately Held Equity Interests. Less than 25% Change/No Change of Control. An Equity Interest that is not publicly traded may be Transferred without notice to us and without our consent, if after the transaction: (i) less than twenty-five percent (25%) of the Equity Interest in the Licensee (excluding any Transfer under Subparagraph 11.b.(1)(b) below) will have changed hands since the Effective Date of this Agreement; and (ii) any such Transfer will not result in a change of Control of the Licensee, the Hotel or the Hotel Site.

Privately Held Equity Interests. Less than 25% Change/No Change of Control. An Equity Interest that is not publicly traded may be Transferred without notice to us and without our consent, if after the transaction: (i) less than twenty-five percent (25%) of the Equity Interest in the Licensee (excluding any Transfer under Subparagraph 11.b.(1)(b) below) will have changed hands HGI Denver Xxxxxxxx XX 00000 COO FLA 021811 November 2010 - HGI since the Effective Date of this Agreement; and (ii) any such Transfer will not result in a change of Control of the Licensee, the Hotel or the Hotel Site.

Privately Held Equity Interests. Less than 25% Change/No Change of Control. An Equity Interest that is not publicly traded may be Transferred without notice to us and without our consent, if after the transaction: (i) less than twenty-five percent (25%) of the Equity Interest interest in the Licensee (excluding any Transfer under Subparagraph 11.b.(1)(b11.b.(1) (b) below) will have changed hands since the Effective Date date of this Agreement; and (ii) any such Transfer will not result in a change of Control control of the Licensee, the Hotel or the Hotel Site.