Disposal Restrictions. Except with the prior written consent of all of the Majority Lenders, the Chargor must not
(a) create, purport to create or permit to subsist any Security Interest on, or in relation to, any of the Secured Shares and/or the Related Rights other than this Security;
(b) sell, assign, transfer, licence, lease, part with possession or otherwise dispose of in any manner (or purport to do so) of any part of or any interest, whether legal or beneficial, of the Secured Shares and/or the Related Rights; or
(c) create or grant (or purport to create or grant) any interest in the Secured Shares and/or the Related Rights in favour of any third party.
Disposal Restrictions. Except for the transmission of an Option on the death of an Optionholder after the Vesting Date to her personal representatives, neither an Option nor any rights in respect of it may be transferred, assigned or otherwise disposed of by an Optionholder to any other person.
Disposal Restrictions. The right to the exclusive use, occupation and enjoyment of any Phase V Residential Unit or Phase V Car Parking Space or any part thereof shall not be sold, assigned, mortgaged, charged, leased (other than for a term of less than twelve years), licensed or otherwise disposed of separately from the Share with which the same is held.
Disposal Restrictions. (a) No Obligor shall, either in a single transaction or in a series of transactions, whether related or not and whether voluntarily or involuntarily, without the prior written consent of the Banks, sell, transfer, grant or lease out (on financial leasing terms) or otherwise dispose of any Unit or all of its shares in an Owner or in a direct or indirect shareholder in an Owner without making prepayment in accordance with the provisions of Clause 9.3 (Mandatory prepayment – sale or Total Loss), other than any sale or transfer made to another member of the Group in connection with a change of flag permitted by Clause 22.11 (Flag, name and registry), provided always that the members of the Group enter into such documentation for the amendment of this Agreement or any other Finance Document and/or the maintenance of the security constituted by the Security Documents as the Agent (acting on the instructions of the Majority Banks) may require.
(b) No Obligor shall, either in a single transaction or in a series of transactions, whether related or not and whether voluntarily or involuntarily, without the prior written consent of the Banks, sell, transfer, grant or lease out (on financial leasing terms) or otherwise dispose of less than 100 per cent of all shares in an Owner or in a direct or indirect shareholder in an Owner.
(c) No Obligor shall, either in a single transaction or in a series of transactions, whether related or not and whether voluntarily or involuntarily, without the prior written consent of the Majority Banks, sell, transfer, grant or lease out (on financial leasing terms) or otherwise dispose of the whole or a substantial part of its assets (other than those referred to in paragraphs (a) and (b) above), or sell, transfer, grant or lease out or otherwise dispose of any of its assets other than at market value, against cash payment and on arms length terms.
Disposal Restrictions. (a) No Obligor shall, either in a single transaction or in a series of transactions, whether related or not and whether voluntarily or involuntarily, without the prior written consent of the Banks, sell, transfer, grant or lease out (on financial leasing terms) or otherwise dispose of any Unit or all of its shares in an Owner without making prepayment in accordance with the provisions of Clause 9.3 (Mandatory prepayment – sale or Total Loss), other than any sale or transfer made to another member of the Group in connection with a change of flag permitted by Clause 22.11 (Flag, name and registry), provided always that the members of the Group enter into such documentation for the amendment of this Agreement or any other Finance Document and/or the maintenance of the security constituted by the Security Documents as the Agent (acting on the instructions of the Majority Banks) may require.
(b) No Obligor shall, either in a single transaction or in a series of transactions, whether related or not and whether voluntarily or involuntarily, without the prior written consent of the Banks, sell, transfer, grant or lease out (on financial leasing terms) or otherwise dispose of less than 100 percent, of all shares in an Owner.
(c) The Parent shall not, either in a single transaction or in a series of transactions, whether related or not and whether voluntarily or involuntarily, without the prior written consent of the Banks, sell, transfer, grant or lease out (on financial leasing terms) or otherwise dispose of any of its shares in OR Norway.
(d) No Obligor shall, either in a single transaction or in a series of transactions, whether related or not and whether voluntarily or involuntarily, without the prior written consent of the Majority Banks, sell, transfer, grant or lease out (on financial leasing terms) or otherwise dispose of the whole or a substantial part of its assets (other than those referred to in paragraphs (a) and (b) above), or sell, transfer, grant or lease out or otherwise dispose of any of its assets other than at market value, against cash payment and on arms length terms.
Disposal Restrictions. (a) The RE Board may, in its discretion, impose any Disposal Restrictions in respect of Redcape Securities issued or transferred on the exercise or granting of Rights (for the avoidance of doubt, to be tax effective, Disposal Restrictions must be imposed at the time of grant of the Rights).
(b) The RE Board must provide a Participant with details of any such requirements or restrictions at the time of a grant or invitation pursuant to rule 3.1(a).
Disposal Restrictions. 2.4.1 Unless determined otherwise by the Administrator, a Stock Option may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by the beneficiary designation, will or by the laws of descent or distribution and may be exercised, during your lifetime, only by you.
Disposal Restrictions. During the Efforts Period, neither Parent nor its Affiliates (including the Surviving Company) shall transfer, sell, license or assign, to any third Person who is not an Affiliate of Parent, all or any rights pertaining to the Surviving Company Assets, including as a part of a sale that includes all or any of the assets of the Surviving Company or all of the equity interests of, or a merger with, the Surviving Company, unless the transferee, licensee or assignee, as applicable, of such transfer, sale, license or assignment is reasonably determined to be financially capable of performing, and has the experience or expertise to perform, the obligations of Parent and such entity assumes the obligations of Parent under this Section 1.08, including payment of the Milestone Payments (except to the extent previously paid), in a writing in form and substance reasonably satisfactory to the Stockholders Representative and thereafter Parent shall no longer be responsible for the performance of such obligations.
Disposal Restrictions. During the Efforts Period, neither Parent nor its Affiliates (including the Surviving Corporation) shall transfer, sell, license or assign, to any third Person who is not an Affiliate of Parent, all or substantially all of the rights pertaining to the Compound and Product, including as a part of a sale that includes all or substantially all of the assets of the Surviving Corporation or all of the equity interests of, or a merger with, the Surviving Corporation (a “Disposal Transaction”), unless the transferee, licensee or assignee, as applicable, of such transfer, sale, license or assignment assumes the obligations of Parent under this Section 1.10, including payment of the Milestone Consideration (except to the extent previously paid); and Parent shall no longer remain responsible for the performance of such obligations. Notwithstanding the foregoing, a merger or consolidation, or acquisition by a third Person of all or any of the equity securities (or all or substantially all of the assets), of Parent (or of an acquirer of, or successor-in-interest to, Parent) shall not be a Disposal Transaction.
Disposal Restrictions. During the Reporting Period, neither Parent nor its Affiliates (including the Surviving Corporation) shall transfer, sell, license or assign, to any third Person who is not an Affiliate of Parent, all or substantially all of the rights covering Zorblisa (excluding a PRV sale as contemplated by Section 2.11(b)), including as a part of a sale that includes all or substantially all of the assets of Parent or such Affiliate (including the Surviving Corporation) or all of the equity interests of, or a merger with, the Surviving Corporation, unless the transferee of such sale assumes the obligations of Parent under this Section 2.11, including payment of the Milestone Payments and the PRV Payment (except to the extent previously paid), and Parent remains responsible for the performance of such obligations (a “Disposal Transaction”). Notwithstanding the foregoing, a merger or consolidation, or acquisition by a third Person of all or any of the equity securities, of Parent (or of an acquirer of, or successor-in-interest to, Parent) shall not be a Disposal Transaction.
