No Transfer of Rights. The Golf Pro agrees not to transfer or assign this Agreement or to sublet the privileges or premises without the written consent of the City. Each and every covenant and agreement herein contained shall extend to and be binding upon the respective successors, heirs, administrators, executors, and assigns of the parties hereto. If Golf Pro is a corporation, partnership, limited partnership, limited liability company, limited liability partnership or other entity that is not an individual person, then an assignment prohibited within the meaning of this Article XIV shall be deemed to include one or more sales or transfers, by operation of law or otherwise, or creation of new stock or ownership interests, by which an aggregate of 50% or more of Golf Pro’s stock or ownership interests shall be vested in a party or parties who are not stockholders, partners, members or others who possess ownership interests in Golf Pro as of the date hereof.
Appears in 5 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
