No Sale or Encumbrance. As long as this Agreement remains in effect, Grantor unconditionally agrees not to sell, option, assign, pledge, or create or permit to exist any lien or security interest in or against any of the Collateral in favor of any person other than Lender.
No Sale or Encumbrance. None of the Condominium Units and no portion of the common elements comprising the Condominium have been sold, conveyed or encumbered or are subject to any agreement to convey or encumber.
No Sale or Encumbrance. Section 7.1
No Sale or Encumbrance. 35 Section 7.1. Transfer Definitions................................................... 35 Section 7.2. No Sale/Encumbrance.................................................... 36 Section 7.3. Permitted Transfers.................................................... 36 Section 7.4. Lender's Rights........................................................ 37 Section 7.5. Assumption............................................................. 37 Section 7.6. Release Parcel......................................................... 39
No Sale or Encumbrance. Section 7.1. Transfer Definitions 46 Section 7.2. No Sale/Encumbrance 47 Section 7.3. Permitted Transfers 47 Section 7.4. Lender’s Rights 48 Section 7.5. Assumption 49 Section 7.6. Partial Assumption 51 Section 7.7. Easements; Licenses. 52
No Sale or Encumbrance. Except as otherwise provided herein, Borrower shall not permit the Property and/or Improvements or any interest therein to be sold, transferred (including, without limitation, through sale or transfer of the corporate stock or general partnership interests or limited liability company interests of Borrower), mortgaged, assigned, further encumbered or leased, whether directly or indirectly, whether voluntarily, involuntarily or by operation of law, without the prior written consent of Lender. Additionally, Borrower shall not permit any Lien on the Property and/or Improvements. The foregoing shall not, however, prohibit members of Guarantor from transferring membership interests in Guarantor amongst themselves so long as following any such transfer(s), (i) Guarantor and TPG-Brookhollow GP, LLC, remain the sole partners of Borrower, (ii) TPG continues to own, directly or indirectly, at least five percent (5%) of the membership interests in Guarantor, (iii) the sole members of Guarantor are TPG and CalSTRS, or wholly owned affiliates thereof, and (iv) TPG maintains day-to-day management authority of, and is represented on the management committee of, Guarantor. Notwithstanding the foregoing, nothing shall restrict the transfer of any interests in TPG or Xxxxxx Properties Group, Inc.
No Sale or Encumbrance. 70 Section 7.1 Transfers. 70 Section 7.2 Individual Property Release 72 ARTICLE VIII. DEFAULTS 73 Section 8.1 Events of Default 73 Section 8.2 Remedies 76 Section 8.3 Duration of Events of Default 76
No Sale or Encumbrance. 62 SECTION 7.1. TRANSFER DEFINITIONS................................. 62 SECTION 7.2. NO SALE/ENCUMBRANCE.................................. 63 SECTION 7.3. PERMITTED TRANSFERS.................................. 63 SECTION 7.4. LENDER'S RIGHTS...................................... 65 SECTION 7.5. ASSUMPTION........................................... 65
No Sale or Encumbrance. Except as otherwise provided herein, neither Borrower nor Operating Lessee shall permit the Property or any interest therein to be sold, transferred (including, without limitation, through sale or transfer (directly or indirectly) of the limited liability company interests of the Borrower), mortgaged, assigned, further encumbered or leased, whether directly or indirectly, whether voluntarily, involuntarily or by operation of law, without the prior written consent of the Administrative Agent. Notwithstanding the foregoing, the transfer of interests in Parent shall not be deemed to be a violation of the foregoing so long as such transfer does not constitute a Default under Section 10.1(h) below.
No Sale or Encumbrance. None of the Contributors shall sell, ---------------------- mortgage, pledge, hypothecate or otherwise transfer or dispose of all, or any part of any Property or any interest therein, nor shall any Contributor initiate, consent to, approve or otherwise take any action with respect to zoning or any other governmental rules or regulations presently applicable to all or any part of any Property, nor shall any Contributor permit any new limited or general partners, shareholders or members to be admitted to any Contributor.
