TRT LLC Transfers Clause Samples
The "TRT LLC Transfers" clause governs the conditions and procedures under which ownership interests in TRT LLC may be transferred by its members. Typically, this clause outlines requirements such as obtaining prior written consent from other members or the company, and may specify restrictions on transfers to third parties or non-approved entities. By establishing clear rules for how and when transfers can occur, the clause helps maintain control over the LLC’s membership and prevents unwanted or disruptive changes in ownership.
TRT LLC Transfers. Notwithstanding any other provision of this Agreement, TRT LLC shall not transfer any direct or indirect or beneficial interest in the Partnership to any Entity or controlled Affiliate of any Entity that is a real estate investment trust primarily engaged in owning and operating industrial warehouse/distribution assets and is one of the top five measured by equity market capitalization of such companies whose shares are listed on a recognized exchange.