Common use of Attempted Transfer Without Consent; Frequency of Transfers Clause in Contracts

Attempted Transfer Without Consent; Frequency of Transfers. Any attempted Transfer without the consent of the PSL Agent, other than a Permitted Transfer, will give the PSL Agent the right, at its sole option (and acting as agent of the Authority), to terminate this License Agreement. If the PSL Agent terminates this License Agreement, the PSL Agent may sell a new PSL(s) associated with the Seat(s) on terms and conditions established by the PSL Agent and without any compensation to the Licensee. The Licensee acknowledges and agrees that any subsequent sale by the PSL Agent of a PSL(s) associated with the Seat(s) identified in this License Agreement following the termination of this License Agreement is not a resale of such PSL(s), but is instead the creation of one or more new PSLs for the benefit of a different licensee. If the PSL Agent does not exercise its right to terminate the PSL(s), the PSL Agent may elect to record the Transfer of the PSL(s) to the intended transferee upon receipt of the applicable transfer fee and acceptance of the executed transfer form required by the PSL Agent. It shall not be unreasonable for the PSL Agent (acting as agent of the Authority) to withhold approval of any proposed Transfer prior to the date which is one (1) year after the date of the first Team Game played at the Stadium for which Licensee purchases Raiders Season Tickets pursuant to Exhibit D, if any PSL has been previously transferred in previous 365 days, or if the PSL Agent reasonably determines the proposed transferee will not comply with the terms and conditions of this License Agreement, including but not limited to Section 13 of this Exhibit C.