Change of Title. Xxxxxx has no present intention of transferring its interest in the Property and agrees not to transfer the Property during the term of the loan. If, due to any unforeseeable circumstances, title to the Property is transferred during such period, such transfer shall be subject to the terms of this Agreement and Lender shall notify GMP promptly in writing of the transfer. Unless GMP has received a written notification of change of title, GMP is entitled to assume the Property belongs to Xxxxxx and will return the Property to Lender upon termination of the loan.
Change of Title. An employee in a title covered by this Agreement promoted to a title excluded from this Agreement will no longer be covered upon the effective date of promotion. No other change of title affects coverage.
Change of Title. (a) That, if title to the Mortgaged Property or any part thereof or any interest therein or any change in the ownership interests of Mortgagor or any legal entity comprising Mortgagor is terminated, dissolved, sold, assigned, transferred, conveyed, mortgaged, encumbered or otherwise changed (including any such changes as security for additional financing), whether voluntarily or involuntarily or by operation of law, or any lease which gives the tenant any option to purchase the Mortgaged Property or any part thereof is entered into, in any case without the prior written consent of Mortgagee, then in any such event, Mortgagee, at its sole option, may accelerate the Loan and declare the Note secured hereby and all other obligations hereunder to be forthwith due and payable and shall have all other rights and remedies set forth herein. Any consent by Mortgagee to a change in ownership or to a change in the composition of Mortgagor may be conditioned upon payment of a transfer fee equal to one percent (1%) of the then outstanding Indebtedness for processing such request for consent, upon an increase in the rate of interest on the then unpaid principal balance of the Loan to a then-current market rate, and/or other terms and conditions as Mortgagee may impose in its sole discretion. For purposes hereof and particularly Sections 4.02(b) and 5.01(k), the terms "sell, assign, transfer or convey" shall include, in addition to the common and ordinary meanings of those terms and without limiting their generality, transfers made to a subsidiary or affiliated entity(ies), transfers to a reconstituted limited partnership or limited liability company, transfers made by any partnership or limited liability company to the individual partners or members, as applicable, or vice-versa, transfers made by a partner or member to other partners or members, as applicable, or to third parties, transfers by any corporation to its stockholders or vice-versa, any corporate merger or consolidation and transfers made by any individual(s) to any other individual(s) or any entity, or vice-versa.
Change of Title. Guarantor agrees that no change of ownership or legal title to the Property, whether effected with or without the consent of the Agency, shall affect or change or discharge the obligations of the Guarantor hereunder.
Change of Title. 20 2.21. Compliance with Laws; Etc........................................................................22 2.22. Environmental Indemnification....................................................................22 2.23. Prohibition on Dry Cleaning Establishment........................................................24
Change of Title. After Party B makes full payment of the transfer price, Party A shall cooperate with Party B to complete the registration of the change in the title to the subject matter.
Change of Title. Effective December 6, 2007 (“Effective Date”), Employee’s title shall change from Chief Executive Officer and Director, to Special Advisor to the Chief Executive Officer (“Change of Title”). After the Change of Title, Employee shall no longer be an Officer or Director of Employer, but Employee shall remain a full-time, at-will employee of Employer under his Employment Agreement and, report to the Chief Executive Officer, until the Termination Date.
Change of Title. Effective June 17, 1997, Employee's title was changed to ______________________________________________. Accordingly, all references to Employee's title contained in the Agreement, including without limitations those references contained in Section 3 and subsection 7(e)(2) of this Agreement, are hereby amended and modified to reflect the Employee's title shall be _______________________________________________________________.
Change of Title. Every occurrence of the title "Chief Financial Officer" as it occurs in the Employment Agreement shall be deleted and replaced with the term "President and Chief Executive Officer".
Change of Title. Every occurrence of the title "President and Chief Executive Officer" as it occurs in the Employment Agreement, as previously amended, shall be deleted and replaced with the term "Chairman of the Board".
