Examples of Permitted Affiliate Transferee in a sentence
The Beneficiary may not sell, participate, transfer, assign, exchange or otherwise pledge or convey all or any part of its right, title and interest in and to the Trust Certificate or its Beneficial Interest to any other Person, except to any Permitted Affiliate Transferee.
The Beneficiary may not sell, participate, transfer, assign, exchange or otherwise pledge or convey all or any part of its right, title and interest in and to the Beneficial Interest to any other Person, except to any Permitted Affiliate Transferee.
The Beneficiary may not sell, participate, transfer, assign, exchange or otherwise pledge or convey all or any part of its right, title and interest in and to the Trust Certificate or its Ownership Interest to any other Person, except (i) to any Permitted Affiliate Transferee, or (ii) to the extent a corresponding transfer of the Collateral Certificate would be permitted by the Pooling and Servicing Agreement.
To the fullest extent permitted by applicable law, the Beneficiary may not sell, participate, transfer, assign, exchange or otherwise pledge, hypothecate, rehypothecate or dispose of or convey, or grant a security interest in, all or any part of its right, title and interest in and to (each such action, a “Transfer”) the Beneficial Interest to any other Person, except to any Permitted Affiliate Transferee.
In such event, the Transferring Party shall provide written notice to the Board and the other Party prior to such transfer and provide the other Party documents supporting the status of the Permitted Affiliate Transferee as a Permitted Affiliate of the Transferring Party and evidencing that the Permitted Affiliate Transferee’s ability to perform this Agreement is not less than that of the Transferring Party.