Common use of Type of Transfer Clause in Contracts

Type of Transfer. The Transfer is one of the following: (i) A sale or transfer to one or more of the transferor’s Immediate Family Members. (ii) A sale or transfer to any trust having as its sole beneficiaries the transferor and/or one or more of the transferor’s Immediate Family Members. (iii) A sale or transfer from a trust to any one or more of its beneficiaries who are the settlor and/or Immediate Family Members of the settlor of the trust. (iv) The substitution or replacement of the trustee of any trust with a trustee who is an Immediate Family Member of the settlor of the trust. (v) A sale or transfer from a natural person to an entity owned and under the Control of the transferor or the transferor’s Immediate Family Members.

Appears in 71 contracts

Samples: Loan Agreement (Vinebrook Homes Trust, Inc.), Loan Agreement, Multifamily Loan and Security Agreement

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Type of Transfer. The Transfer is one of the following: (i) A sale or transfer to one or more of the transferor’s Immediate Family Members. (ii) A sale or transfer to any trust having as its sole beneficiaries the transferor and/or one or more of the transferor’s Immediate Family Members. (iii) A sale or transfer from a trust to any one or more of its beneficiaries who are the settlor and/or Immediate Family Members of the settlor of the trust. (iv) The substitution or replacement of the trustee of any trust with a trustee who is an Immediate Family Member of the settlor of the trust. (v) A sale or transfer from a natural person to an entity owned and under the Control of the transferor or the transferor’s Immediate Family Members.

Appears in 7 contracts

Samples: Multifamily Loan and Security Agreement (Independence Realty Trust, Inc), Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.), Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.)

Type of Transfer. The Transfer is one of the following: (i) A sale or transfer to one or more of the transferor’s 's Immediate Family Members. (ii) A sale or transfer to any trust having as its sole beneficiaries the transferor and/or one or more of the transferor’s 's Immediate Family Members. (iii) A sale or transfer from a trust to any one or more of its beneficiaries who are the settlor settler and/or Immediate Family Members of the settlor of the trust. (iv) The substitution or replacement of the trustee of any trust with a trustee who is an Immediate Family Member of the settlor of the trust. (v) A sale or transfer from a natural person to an entity owned and under the Control of the transferor or the transferor’s 's Immediate Family Members.

Appears in 1 contract

Samples: Multifamily Loan and Security Agreement (Bluerock Residential Growth REIT, Inc.)

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Type of Transfer. The Transfer is one of the following: (i) A sale or transfer to one or more of the transferor’s Immediate Family Members. (ii) A sale or transfer to any trust having as its sole beneficiaries the transferor and/or one or more of the transferor’s Immediate Family Members. (iii) A sale or transfer from a trust to any one or more of its beneficiaries who are the settlor and/or Immediate Family Members of the settlor of the trust. (iv) The substitution or replacement of the trustee of any trust with a trustee who is an Immediate Family Member of the settlor of the trust.. Multifamily Loan and Security Agreement Page 59 (Park at Kensington) (v) A sale or transfer from a natural person to an entity owned and under the Control of the transferor or the transferor’s Immediate Family Members.

Appears in 1 contract

Samples: Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.)

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