Common use of Transfer of Ownership Interests Clause in Contracts

Transfer of Ownership Interests. Except as otherwise expressly permitted by this Loan Agreement, Borrower shall not convey, transfer or assign any interest in the Mortgaged Property, or permit a change in any of the Equity Interests in Borrower (whether direct or indirect), except for a sale of the publicly traded stock of Stratus Properties Inc., or other Disposition, unless the written consent of the Lender is first obtained, which consent may be granted or refused in Lender’s sole discretion.

Transfer of Ownership Interests. Except as otherwise expressly permitted by this Loan Agreement, Borrower shall not convey, transfer or assign any interest in the Mortgaged Property, or permit a change in any of the Equity Interests ownership interests in the Borrower (whether direct or indirect), except for a sale of the publicly traded stock of Stratus Properties Inc., ) or other Disposition, unless the written consent of the Lender is first obtained, which consent may be granted or refused in Lender’s 's sole discretion, provided, however, a sale of the publicly traded stock of Stratus Properties Inc. shall not constitute a Disposition or other impermissible transfer under the terms of this Agreement.

Transfer of Ownership Interests. Except as otherwise expressly permitted by this Loan Agreement, Borrower shall not convey, transfer or assign any interest in the Mortgaged Property, or permit a change in any of the Equity Interests ownership interests in the Borrower (whether direct or indirect), except for a sale of the publicly traded stock of Stratus Properties Inc., ) or other Disposition, unless the written consent of the Lender is first obtained, which consent may be granted or refused in Lender’s sole discretion.

Transfer of Ownership Interests. Except as otherwise expressly permitted by this Loan Agreement, Borrower shall not convey, transfer or assign any interest in the Mortgaged Property, or permit a change in any of the Equity Interests ownership interests in the Borrower (whether direct or indirect), except for a sale of the publicly traded stock of Stratus Properties Inc., ) or other Disposition, unless the written consent of the Lender is first obtained, which consent may be granted or refused in Lender’s 's sole discretion.