Prohibition Against Encumbrance Sample Clauses

Prohibition Against Encumbrance. Except as may otherwise be provided expressly in the Trust Documents, none of the Issuer, the Guarantor or the Trustee will, directly or indirectly assign, sell, dispose of or transfer all or any portion of or interest in a Trust Fund, or permit all or any portion of the Trust Fund to be subject to any lien, claim, mortgage, security interest, pledge or other encumbrance of any other Person.
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Prohibition Against Encumbrance. Except as may otherwise be provided expressly in the Trust Documents, neither Xxxxxx Xxx (in any of its corporate capacities) nor the Trustee will, directly or indirectly (by causing or permitting a Direct Servicer, a Custodian or other agent or independent contractor to do so), assign, sell, dispose of or transfer all or any portion of or interest in the Trust Fund, or permit all or any portion of the Trust Fund to be subject to any lien, claim, mortgage, security interest, pledge or other encumbrance of any other Person. Nothing in this Subsection 2.1(5) prevents the Borrower from causing the Mortgaged Property that secures a Mortgage Loan included in such Trust Fund to become subject to another lien, nor a Direct Servicer from pledging or transferring its rights under and in accordance with the provisions of the Servicing Contract or from transferring a portion of the Excess Spread with respect to a Mortgage Loan as provided in paragraph (b) of Subsection 5.1(6) or Subsection 5.1(7).
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Prohibition Against Encumbrance. Except as may otherwise be provided expressly in the Q-Trust Documents, neither Xxxxxx Xxx nor the Trustee will, directly or indirectly, assign, sell, dispose of or transfer all or any portion of or interest in any Trust Fund, or permit all or any portion of any Trust Fund to be subject to any lien, claim, mortgage, security interest, pledge or other encumbrance of any other Person.
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Prohibition Against Encumbrance. The Board of Juvenile Affairs (XXX) shall not alienate, pledge, or otherwise encumber this Charter, public funds, or assets of the Charter School procured with public funds for the benefit of any individual or entity, including creditors.
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Prohibition Against Encumbrance. 4R shall not encumber by mortgage or otherwise 4R’s interest in the Premises or this Lease.
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Prohibition Against Encumbrance. CBC shall not encumber by mortgage or otherwise CBC’s interest in the Premises or this Lease.
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Related to Prohibition Against Encumbrance

  • Prohibition Against Recording Except as provided in Section 29.4 of this Lease, neither this Lease, nor any memorandum, affidavit or other writing with respect thereto, shall be recorded by Tenant or by anyone acting through, under or on behalf of Tenant.

  • Prohibition Against Transfer The right of a Grantee to receive payments of Shares and/or cash under this Award may not be transferred except to a duly appointed guardian of the estate of the Grantee or to a successor of the Grantee by will or the applicable laws of descent and distribution and then only subject to the provisions of this Award Agreement. A Grantee may not assign, sell, pledge, or otherwise transfer Shares or cash to which he or she may be entitled hereunder prior to transfer or payment thereof to the Grantee, and any such attempted assignment, sale, pledge or transfer shall be void.