Transfer of Subscribed Interest. The Borrower may not permit the Transfer of the Subscribed Interest of any Investor without the prior written consent of the Administrative Agent, acting alone, which will not be unreasonably withheld or delayed.
Transfer of Subscribed Interest. No Loan Party and no Approved Intermediary shall permit the transfer of the Subscribed Interest of: (i) any Included Investor without the prior written consent of Administrative Agent, acting alone, which shall not be unreasonably withheld or delayed; provided that, with respect to any proposed transfer by Invesco Realty, Inc. to any transferee, Invesco Ltd. shall provide an acceptable replacement guaranty with respect to such transferee in form and substance satisfactory to Administrative Agent, or (ii) any other Investor without prior written notice to Administrative Agent.
Transfer of Subscribed Interest. No Pledgor may permit the Transfer of the Subscribed Interest of any Investor without prior written notice to Administrative Agent.
