Limitation on Disposition of the Mortgaged Premises Sample Clauses

Limitation on Disposition of the Mortgaged Premises. Except as --------------------------------------------------- otherwise permitted in the Credit Agreement, the Grantor shall not, during the term hereof, sell, assign, mortgage, pledge, encumber, or hypothecate or otherwise transfer or dispose of the Mortgaged Premises or any part thereof or any interest therein, or any of the rents, profits and income to be generated thereby without the Beneficiary's prior written consent.
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Limitation on Disposition of the Mortgaged Premises. 2.8.1. Any sale, assignment, mortgage, pledge or other transfer or encumbrance of the Mortgaged Premises or any part thereof or any interest therein or in any of the rents, profits or income generated thereby (in any case, either beneficially or of record) is herein a "Transfer"; any lease entered into by the Mortgagor in compliance with PARAGRAPH 11 of the Note is not a Transfer. Any Transfer is an Event of Default.
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Limitation on Disposition of the Mortgaged Premises. 2.8.1. Except as expressly set forth in this Trust Deed or the Loan Agreement (including, without limitation, Sections 5.01 and 6.21 of the Loan Agreement), the Trustor shall not directly or indirectly sell, assign, mortgage, alienate, pledge or otherwise transfer or further encumber the Mortgaged Premises or any part thereof or any interest therein or in any of the rents, profits or income generated thereby, whether voluntarily, involuntarily, by operation of law or otherwise, or lease all or any portion thereof or an undivided interest therein, without the prior written consent of the Beneficiary. The foregoing events are hereinafter referred as a "
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Limitation on Disposition of the Mortgaged Premises. 2.8.1. Except as expressly set forth in this Mortgage or the Loan Agreement (including, without limitation, SECTIONS 5.01 and 6.21 of the Loan Agreement), the Mortgagor shall not directly or indirectly sell, assign, mortgage, alienate, pledge or otherwise transfer or further encumber the Mortgaged Premises or any part thereof or any interest therein or in any of the rents, profits or income generated thereby, whether voluntarily, involuntarily, by operation of law or otherwise, or lease all or any portion FRK11497.A15 285741572 12/05/96 KDF:ac1 thereof or an undivided interest therein, without the prior written consent of the Mortgagee. The foregoing events are hereinafter referred as a "Transfer". Any Transfer without prior written the consent of the Mortgagee is an Event of Default.
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Limitation on Disposition of the Mortgaged Premises. 2.8.1. Except as expressly set forth in this Mortgage or the Loan Agreement (including, without limitation, SECTIONS 5.01 and 6.21 of the Loan Agreement), the Mortgagor shall not directly or indirectly sell, assign, mortgage, alienate, pledge or otherwise transfer or further encumber the Mortgaged Premises or any part thereof or any interest therein or in any of the rents, profits or income generated thereby, whether voluntarily, involuntarily, by operation of law or otherwise, or lease all or any portion thereof or an undivided interest therein, without the prior written consent of the Mortgagee. The foregoing events are hereinafter referred as a "Transfer". Any transfer without prior written the consent of the Mortgagee is an Event of Default. FRK11625.A05 285741572 01/09/97 KDF:
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Limitation on Disposition of the Mortgaged Premises. 2.8.1. Except as expressly set forth in this Mortgage or the Loan Agreement (including, without limitation, SECTIONS 5.01 and 6.21 of the Loan Agreement), the Mortgagor shall not directly or indirectly sell, assign, mortgage, alienate, pledge or otherwise transfer or further encumber the Mortgaged Premises or any part thereof or any interest therein or in any of the rents, profits or income FRK11624.A05 285741572 01/09/97 KDF: generated thereby, whether voluntarily, involuntarily, by operation of law or otherwise, or lease all or any portion thereof or an undivided interest therein, without the prior written consent of the Mortgagee. The foregoing events are hereinafter referred as a "Transfer". Any transfer without prior written the consent of the Mortgagee is an Event of Default.
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Related to Limitation on Disposition of the Mortgaged Premises

  • Limitation on Disposition of Property Dispose of any of its Property (including, without limitation, receivables and leasehold interests), whether now owned or hereafter acquired, or, in the case of any Subsidiary, issue or sell any shares of such Subsidiary’s Capital Stock to any Person, except:

  • Disposition of Collateral Such Grantor will not sell, lease or otherwise dispose of the Collateral owned by it except for dispositions specifically permitted pursuant to Section 6.05 of the Credit Agreement.

  • Limitations on Disposition No Grantor will sell, license, lease, transfer or otherwise dispose of any of the Collateral, or attempt or contract to do so except as permitted by the Credit Agreement.

  • No Disposition of Collateral Secured Party does not authorize, and Debtor agrees not to:

  • Remedies; Disposition of the Collateral If any Event of Default shall have occurred and be continuing, then any Collateral repossessed by the Collateral Agent under or pursuant to Section 7.1 hereof and any other Collateral whether or not so repossessed by the Collateral Agent, may be sold, assigned, leased or otherwise disposed of under one or more contracts or as an entirety, and without the necessity of gathering at the place of sale the property to be sold, and in general in such manner, at such time or times, at such place or places and on such terms as the Collateral Agent may, in compliance with any mandatory requirements of applicable law, determine to be commercially reasonable. Any of the Collateral may be sold, leased or otherwise disposed of, in the condition in which the same existed when taken by the Collateral Agent or after any overhaul or repair at the expense of the relevant Assignor which the Collateral Agent shall determine to be commercially reasonable. Any such disposition which shall be a private sale or other private proceedings permitted by such requirements shall be made upon not less than 10 days' prior written notice to the relevant Assignor specifying the time at which such disposition is to be made and the intended sale price or other consideration therefor, and shall be subject, for the 10 days after the giving of such notice, to the right of the relevant Assignor or any nominee of such Assignor to acquire the Collateral involved at a price or for such other consideration at least equal to the intended sale price or other consideration so specified. Any such disposition which shall be a public sale permitted by such requirements shall be made upon not less than 10 days' prior written notice to the relevant Assignor specifying the time and place of such sale and, in the absence of applicable requirements of law, shall be by public auction (which may, at the Collateral Agent's option, be subject to reserve), after publication of notice of such auction (where required by applicable law) not less than 10 days prior thereto. The Collateral Agent may, without notice or publication, adjourn any public or private sale or cause the same to be adjourned from time to time by announcement at the time and place fixed for the sale, and such sale may be made at any time or place to which the sale may be so adjourned. To the extent permitted by any such requirement of law, the Collateral Agent may bid for and become the purchaser of the Collateral or any item thereof, offered for sale in accordance with this Section without accountability to the relevant Assignor. If, under mandatory requirements of applicable law, the Collateral Agent shall be required to make disposition of the Collateral within a period of time which does not permit the giving of notice to the relevant Assignor as hereinabove specified, the Collateral Agent need give such Assignor only such notice of disposition as shall be reasonably practicable in view of such mandatory requirements of applicable law. Each Assignor agrees to do or cause to be done all such other acts and things as may be reasonably necessary to make such sale or sales of all or any portion of the Collateral valid and binding and in compliance with any and all applicable laws, regulations, orders, writs, injunctions, decrees or awards of any and all courts, arbitrators or governmental instrumentalities, domestic or foreign, having jurisdiction over any such sale or sales, all at such Assignor's expense.

  • Use and Disposition of Collateral None of the Grantors shall make or permit to be made an assignment, pledge or hypothecation of the Collateral or shall grant any other Lien in respect of the Collateral, except as expressly permitted by Section 6.02

  • Construction or Rehabilitation of Mortgaged Property No Mortgage Loan was made in connection with the construction or rehabilitation of a Mortgaged Property or facilitating the trade-in or exchange of a Mortgaged Property;

  • Disposition of Property Dispose of any of its property, whether now owned or hereafter acquired, or, in the case of any Subsidiary, issue or sell any shares of such Subsidiary’s Capital Stock to any Person, except:

  • Further Limitations on Disposition The Purchaser further agrees not to make any disposition directly or indirectly of all or any portion of the Shares unless and until:

  • Limitations on Dispositions of Collateral The Debtor will not sell, transfer, lease, or otherwise dispose of any of the Collateral, or attempt, offer or contract to do so other than dispositions of Inventory in the ordinary course of the Debtor’s business; provided, however that the Debtor will be allowed to grant licenses to its products and related documentation in the ordinary course of business and to establish or provide for escrows of related intellectual property in connection therewith.

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