Assignments and Encumbrances. 14.1 Licensee shall not, in any manner, directly or indirectly, by operation of law or otherwise, assign, transfer or encumber this License, or any portion thereof or any interest therein, nor shall Licensee license or otherwise authorize the use of, in whole or in part, the rights granted by this License, without the prior written consent of the Board. Any attempts to assign, transfer or encumber this License, or any licensing or authorizing the use of, in whole or in part, the rights granted by this License, shall be void and shall confer no right, title or interest in or to this License, upon any such assignee, transferee, or encumbrancer. Consent to one assignment, transfer, or encumbrance shall not be deemed to be a consent to any subsequent assignment, transfer or encumbrance. This License shall not, nor shall any interest therein, be assignable as to the interest of Licensee by operation of law without the prior written consent of Board.
14.2 When proper consent has been given by the Board, the provisions of this License shall be binding upon, and shall inure to the benefit of, the heir(s), successor(s), executor(s), administrator(s) and assign(s) of the parties hereto.
14.3 The sale or other transfer of a controlling percentage of the capital stock or membership interests of Licensee, whether by merger, stock sale, or otherwise, or the sale or transfer of more than fifty percent (50%) of the value of the assets of Licensee relating to the TNC application shall not be subject to the restrictions in Sections 6.1 and 6.2. The phrase “controlling percentage” means the ownership of, and the right to vote, stock or interests possessing more than fifty percent (50%) of the total combined voting power of all classes of Licensee’s capital stock or interests issued, outstanding and entitled to vote for the election of directors.
Assignments and Encumbrances. The Member may sell, assign, transfer, exchange, mortgage, pledge, grant, hypothecate or otherwise transfer, in whole or in part, its Membership Interest.
Assignments and Encumbrances. 8.1 Licensee shall not, in any manner, directly or indirectly, by operation of law or otherwise, assign, transfer or encumber this License, or any portion thereof or any interest therein, nor shall Licensee license or otherwise authorize the use of, in whole or in part, the rights granted by this License, without the prior written consent of the Board. Any attempts to assign, transfer or encumber this License, or any licensing or authorizing the use of, in whole or in part, the rights granted by this License, shall be void and shall confer no right, title or interest in or to this License, upon any such assignee, transferee, or encumbrancer. Consent to one assignment, transfer, or encumbrance shall not be deemed to be a consent to any subsequent assignment, transfer or encumbrance. This License shall not, nor shall any interest therein, be assignable as to the interest of Licensee by operation of law without the prior written consent of Board.
8.2 When proper consent has been given by the Board, the provisions of this License shall be binding upon, and shall inure to the benefit of, the heir(s), successor(s), executor(s), administrator(s) and assign(s) of the parties hereto.
Assignments and Encumbrances. The Lessee may not assign, sublease, or encumber this Lease in whole or in part, or grant any right, interest, privilege, or license whatsoever in connection with this Lease, without the Lessor’s prior written approval.
Assignments and Encumbrances. 16 Section 17. DEFAULTS AND XXXXXX’S REMEDIES 17 Section 18. SURRENDER AND HOLDING OVER 18 Section 19. EQUAL OPPORTUNITY LAWS 18 Section 20. NOTICES 19 Section 21. GENERAL PROVISIONS 19 EXHIBIT A: Inventory and Condition Report 22 EXHIBIT B: Insurance Requirements 23 EXHIBIT C: Maintenance Plan 25 EXHIBIT D: Preservation Maintenance Plan 26
Assignments and Encumbrances. 37 10. WITHDRAWAL 41
Assignments and Encumbrances.
15.1. Assignments The Lessee may not effectuate an Assignment or Sublease of this Lease, in whole or in part, or grant any right, interest, privilege, or license whatsoever in connection with this Lease, without the Lessor’s prior written approval. The Lessor may, but is not obligated to, approve or disapprove a requested Assignment or Sublease. In no event, however, will the Lessor approve an Assignment or Sublease unless the Lessor has determined that the proposed assignee or Sublessee is financially and managerially capable of carrying out the terms of this Lease. The Lessor may assign this Lease or any or all of its rights or obligations under this Lease at any time.
15.2. Encumbrances The Lessee may not effectuate an Encumbrance on the Premises without the Lessor’s prior written approval. The Lessor may, but is not obligated to, approve or disapprove any requested Encumbrance. In no event, however, will the Lessor approve an Encumbrance unless the Lessor has determined that the Encumbrance only grants its holder, in the event of a foreclosure, the right to assume the Lessee’s responsibilities under this Lease or to select a qualified new lessee, subject to the Lessor’s written approval, and that it does not purport to grant its holder any rights to alter or amend the Lease’s terms or conditions.
Assignments and Encumbrances. 24 Section 17. DEFAULTS AND XXXXXX’S REMEDIES 24 Section 18. SURRENDER AND HOLDING OVER 25 Section 19. EQUAL OPPORTUNITY LAWS 26 Section 20. NOTICES 26 Section 21. GENERAL PROVISIONS 26 EXHIBIT A: Inventory and Condition Report 29 EXHIBIT B: Insurance Requirements 32 EXHIBIT C: Maintenance Plan 35 EXHIBIT D: Preservation Maintenance Plan 36 EXHIBIT E: Development Concept Plan 37 EXHIBIT F: Map of Assigned Land and Real Property 38 EXHIBIT G: Transition Between Leases 39 THIS LEASE (Lease) is entered into by and between the United States of America (Lessor), acting through the National Park Service (NPS), an agency of the United States Department of the Interior, and
Assignments and Encumbrances. 23.1. Neither Permittee, nor any assignee or other successor of Permittee, shall in any manner, directly or indirectly, by operation of law or otherwise, assign, transfer or encumber this Permit, or any portion thereof or any interest therein, nor license, authorize, or permit the use of the rights herein granted, in whole or in part, without the prior written consent of the Board.
Assignments and Encumbrances. Section 9.2 of the Loan Agreement is hereby restated in its entirety to read as follows:
