Common use of Limitations on Transfers Clause in Contracts

Limitations on Transfers. Except as otherwise permitted in this Section 10.01, Borrower shall not cause or permit: (i) the Property or any interest in the Property, to be conveyed, transferred, assigned, encumbered, sold or otherwise disposed of; or (ii) any merger, reorganization, dissolution or other change in the ownership structure of Borrower (collectively, "TRANSFERS").

Appears in 6 contracts

Samples: Mortgage, Security Agreement and Fixture Filing (Florida East Coast Industries Inc), Mortgage, Security Agreement and Fixture Filing (Florida East Coast Industries Inc), Mortgage, Security Agreement (Florida East Coast Industries Inc)

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Limitations on Transfers. Except as otherwise permitted in this Section 10.01, Borrower shall not cause or permit: (i) the Property or any interest in the Property, to be conveyed, transferred, assigned, encumbered, sold or otherwise disposed of; or (ii) any merger, reorganization, dissolution or other change in the ownership structure of Borrower (collectively, "TRANSFERS"“Transfers”).

Appears in 4 contracts

Samples: Defined Terms (Florida East Coast Industries Inc), Defined Terms (Florida East Coast Industries Inc), Mortgage, Security Agreement and Fixture Filing (Florida East Coast Industries Inc)

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