Common use of No Transfer or Encumbrance Clause in Contracts

No Transfer or Encumbrance. Seller shall not sell, mortgage, pledge, hypothecate or otherwise transfer or dispose of or encumber the Property or any interest therein or part thereof, nor shall Seller initiate, consent to, approve or otherwise take any action with respect to zoning or any other governmental rules or regulations applicable to the Property.

Appears in 5 contracts

Samples: Purchase and Sale Agreement (Cleanspark, Inc.), Purchase and Sale Agreement (Cleanspark, Inc.), Purchase and Sale Agreement (Cleanspark, Inc.)

AutoNDA by SimpleDocs

No Transfer or Encumbrance. Seller shall not sell, mortgage, pledge, hypothecate hypothecate, subdivide, or otherwise transfer or dispose of or encumber the Property or any interest therein or part thereof, nor shall Seller initiate, consent to, approve or otherwise take any action with respect to zoning or any other governmental rules or regulations applicable to the Property. Seller will not make any alterations to the physical condition of Property unless required to prevent imminent damage to the Property.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!