Common use of No New Encumbrances Clause in Contracts

No New Encumbrances. From and after the Effective Date until the date and time of the Closing, Seller shall not convey any portion of the Property or any rights therein, or enter into any conveyance, security document, easement or other agreement, or amend any existing agreement, granting to any Person (other than Buyer) any rights with respect to the Property or any part thereof or any interest whatsoever therein, without Buyer’s prior written consent.

Appears in 4 contracts

Samples: Agreement for Purchase (First Northwest Bancorp), Agreement for Purchase and Sale (Plumas Bancorp), Agreement for Purchase and Sale (Plumas Bancorp)

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No New Encumbrances. From and after the Effective Date until the date and time of the Closing, Seller shall not convey any portion of the Property or any rights therein, or enter into any lease, license, conveyance, security document, easement or other agreement, or amend any lease or existing agreement, agreement granting to any Person a third party (other than Buyeri.e., a non-affiliate) any rights with respect to the Property or any part thereof thereof, or any interest whatsoever therein, without Buyer’s prior written consent.

Appears in 3 contracts

Samples: Real Estate Purchase Agreement (Farmland Partners Inc.), Real Estate Purchase Agreement (Farmland Partners Inc.), Real Estate Purchase Agreement (Farmland Partners Inc.)

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No New Encumbrances. From and after the Effective Date until the date and time of the Closingclosing, Seller shall not convey any portion of the Property or any rights therein, or enter into any lease, license, conveyance, security document, easement or other agreement, or amend any lease or existing agreement, agreement granting to any Person (other than Buyer) a third party any rights with respect to the Property or any part thereof or any interest whatsoever therein, without Buyer’s Purchaser's prior written consentconsent which shall not be unreasonably withheld, conditioned or delayed.

Appears in 1 contract

Samples: Real Estate Purchase Agreement (Farmland Partners Inc.)

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