Common use of Transfer Definitions Clause in Contracts

Transfer Definitions. For purposes of this Article 6, “Restricted Party” shall mean Borrower, Operating Partnership, any SPE Component Entity and Guarantor; and a “Sale or Pledge” shall mean a voluntary or involuntary sale, conveyance, mortgage, grant, bargain, encumbrance, pledge, assignment, grant of any options with respect to, or any other transfer or disposition of (directly or indirectly, voluntarily or involuntarily, by operation of law or otherwise, and whether or not for consideration or of record) of a legal or beneficial interest (other than Permitted Encumbrances).

Transfer Definitions. For purposes of this Article 6, “Restricted Party” shall mean Borrower, Operating Partnership, any SPE Component Entity Partnership and Guarantor; and a “Sale or Pledge” shall mean a voluntary or involuntary sale, conveyance, mortgage, grant, bargain, encumbrance, pledge, assignment, grant of any options with respect to, or any other transfer or disposition of (directly or indirectly, voluntarily or involuntarily, by operation of law or otherwise, and whether or not for consideration or of record) of a legal or beneficial interest (other than Permitted Encumbrances)interest.