Limitation on Resale Sample Clauses

Limitation on Resale. Habitat agrees the documents of the sale of the Property to the qualified initial home buyer outlined in SECTION II will include provisions to restrict any subsequent sales during the duration of this Agreement by imposing an agreed upon resale ratio that will ensure that the Property will be affordable to a subsequent home buyer who meets the income limits outlined in SECTION II of this Agreement. Habitat further agrees that if the Property is resold to subsequent h o m e buyers during the twenty (20) year Performance Obligation, that they must meet the requirements as set forth in SECTION II, for the remaining period until May 31, 2044. Habitat shall immediately notify the City that the Property is for re-sale and following the procedures as outline under SECTION II.

Limitation on Resale. BUYER’S intended use of the Property is for the public purpose of providing homeless services and affordable housing. If BUYER sells the property within thirty-six (36) months after the Closing to an unaffiliated person or entity for any use other than the public purpose of providing homeless services and affordable housing, BUYER shall pay to CITY the net profit from the sale. The “net profit from the sale” shall mean the gross sale price less direct and usual and customary costs of sale, and less the Purchase Price under this Agreement. “Usual and customary costs of sale” may be reflected in a closing statement associated with the sale, and may include without limitation such costs as title and escrow fees, documentary transfer taxes, and a brokerage fee if paid to a licensed third party real estate broker unaffiliated with BUYER. Usual and customary costs of sale shall not include any commission, disposition fee, or rebates, and or direct payment of BUYER’S broker/consultant fees paid to BUYER or any other compensation paid to BUYER or any person or entity affiliated with BUYER. 15.1. The foregoing limitation on resale shall not apply to a resale of the parking garage portion of the Property. 15.2. Within the thirty-six (36) months following the Closing, if BUYER is required to provide a subsidy for the development of all or any portion of the Property, and subsequently sells all or any portion of the Property which has benefitted from the subsidy, then for purposes of calculating the net profit from the sale, the amount of the subsidy allocable to all or any portion of the Property that is being sold, shall be offset against the gross sales price.

Limitation on Resale. Customer agrees that it will not, during the term of this Contract, resell any of the treated water it purchases from the City hereunder to any wholesale or other customer other than retail customers within its service area, without prior written consent by the City.

Limitation on Resale. Notwithstanding any other provision of this Section, until the first anniversary of the Effective Time, Great Step shall not sell Syntax-Brillian Common Stock in excess of the volume limitations set forth in Rule 144(e) under the Securities Act.

Limitation on Resale. During the Contract Term, University agrees that University will not sell any Contractor Products purchased pursuant to this Agreement, except that University may sell such Contractor Products to: (1) affiliates of the University, including on-campus retail outlets that provide services or sales to the University’s teams, athletic facilities, faculty, students, and visitors, and (2) vendors of the University that provide services to the University’s teams or athletic facilities but only to the extent related to the service.

Limitation on Resale. Customer agrees that it will not, during the term of this Contract, resell any of the treated water it purchases from the City hereunder to any wholesale or other customer other than retail customers within Customer’s lawful service area, without prior written consent by the City. Customer may sell treated water to retail customers within the External Property if Customer may lawfully provide service to the properties. 6. Except as expressly modified by this Amendment to the Contract, all terms and provisions of the Contract are hereby ratified and confirmed and shall remain in full force and effect. 7. The undersigned represent and affirm that they have authority to execute this Amendment on behalf of the respective parties hereto. 8. This Amendment shall be effective from and after the date of the last party to execute this Amendment.

Limitation on Resale. Purchaser, on Purchaser’s own behalf and (if applicable) on behalf of others for whom Purchaser is contracting hereunder, agree that Purchaser and, if applicable, such other purchaser, will not offer, sell, pledge or otherwise transfer the Common Shares and Warrants comprising the Units or the Warrant Shares except: (i) to the Corporation; (ii) in compliance with Rule 904 of Regulation S under the U.S. Securities Act and in compliance with applicable local laws and regulations; or (iii) in a transaction, (A) made in compliance with an exemption from registration under the U.S. Securities Act provided by Rule 144 or Rule 144A thereunder, if available, or (B) in a transaction exempt from registration requirements under the U.S. Securities Act and any applicable state securities laws of the United States. Purchaser agrees that, absent compliance with the foregoing, the Corporation shall refuse transfer of the securities. Purchaser and such other purchaser understand that the certificates representing the Common Shares and Warrants comprising the Units and the Warrant Shares will bear a legend to the foregoing effect and that prior to any transfer pursuant to the foregoing, the Corporation may require that the seller furnish the Corporation and the Corporation’s transfer agent with an opinion of counsel of recognized standing, in substance and form satisfactory to the Corporation, that such transfer is exempt from registration under the U.S. Securities Act and any applicable state securities laws and Purchaser understands and acknowledges that the certificates for the Common Shares and Warrants comprising the Units and the Warrant Shares and any certificates issued in replacement thereof or exchange therefor, shall have endorsed thereon a legend reflecting such restrictions on transfer. Purchaser has read and understands the restrictions on resale under U.S. securities laws set forth in Schedule F hereto.

Limitation on Resale. Talty agrees that it will not, during the term of this Contract, sell or resell any of the treated water it purchases from the City hereunder to any wholesale or other customer other than retail customers within its service area, nor will Xxxxx xxxxx or authorize the reuse of any water purchased hereunder, without prior written consent by the City Council of the City of Xxxxxx, Texas, based on a formal action of the Council.

Limitation on Resale. Before the earlier to occur of (i) October 14, 2000 or (ii) the date one (1) trading day following the trading day the closing sales price for a share of the Company's Common Stock as reported on the Nasdaq National Market equals or exceeds $10.00, the Holder shall not, directly or indirectly, sell, offer to sell, contract to sell (including, without limitation, any short sale), loan, grant any option to purchase or otherwise transfer or dispose of (other than to donees who agree to be similarly bound) any of the Warrant Shares or securities issuable upon exercise of this Warrant held by it any time during such period. In order to enforce the foregoing, the Company may impose stop-transfer instructions with respect the Warrant Shares until the end of such period.

Limitation on Resale. The Cities shall not sell, resell, transfer, or exchange the water to any other public water supply system outside the service area unless contractually obligated to do so by a regional water supply arrangement predating the grant of the initial IBT Certificate or required by any legal decision, statute, mandate or rule. The Cities shall consider a ban on non-emergency water supplies on new customers outside their service areas in Cabarrus County and southern Rowan County as described in the IBT Petition (See Exhibit C attached hereto). The City Councils for each City shall consider such a ban at a regular meeting, shall give notice to the public in the required manner, and shall give written notice to Petitioners and allow them an opportunity to address the Councils at the meetings. Nothing in this Agreement will be interpreted to interfere with the Cities’ existing water supply contracts.