Non-permitted Transfer Sample Clauses
A Non-permitted Transfer clause defines and restricts the circumstances under which a party may transfer its rights or obligations under an agreement without the other party's consent. Typically, this clause prohibits assignments, subletting, or other forms of transfer unless specific conditions are met or prior written approval is obtained. For example, a tenant may be barred from subleasing a property or assigning a lease to another party without the landlord's permission. The core function of this clause is to maintain control over who is involved in the contractual relationship, thereby protecting the interests of the original parties and preventing unwanted or risky third-party involvement.
Non-permitted Transfer. The Lessee (except as expressly permitted by the provisions of this Lease or as may be expressly consented to in writing by the Lessor) attempts to sell, transfer, encumber, part with possession of, assign or lease the Aircraft, the Airframe, any Engines or any part thereof; or
Non-permitted Transfer attempts to transfer any of its Unvested Shares (other than as permitted by this agreement); or
Non-permitted Transfer a Unless and until all requirements set forth in this Article 11 have been satisfied with respect to a proposed Transfer, the General Partner shall use its reasonable best efforts to ensure that the Partnership continues to treat the transferor as the sole owner of the interest in the Partnership purportedly transferred, makes no distributions to the purported transferee and does not furnish to such Person any tax or financial information regarding the Partnership, and shall otherwise use its reasonable best efforts to ensure that the Partnership does not treat the purported transferee as an owner of any interest in the Partnership (either legal or equitable), unless otherwise required by law.