Common use of Transfers That Do Not Require Our Consent or Notification Clause in Contracts

Transfers That Do Not Require Our Consent or Notification. (a) 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 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.

Transfers That Do Not Require Our Consent or Notification. (a) Privately Held Equity Interests: Less than 25% Change/No Change of Control. An Equity Interest interests that is are not publicly traded may be Transferred transferred by you and the Equity Owners without notice to us and without our consent, if after the transaction: (i) less than twenty-five percent (25%) of the all Equity Interest Interests in the Licensee (excluding any Transfer under Subparagraph 11.b.(1) (b) below) will have changed hands since the date of this Agreement; , and (ii) any such Transfer will there has not result in been a change of control of the Licensee, of this Agreement or of the Hotel or since the Hotel Sitedate of this Agreement.

Transfers That Do Not Require Our Consent or Notification. (a) 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 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.