PROHIBITION AGAINST TRANSFER OF PROPERTY Sample Clauses

PROHIBITION AGAINST TRANSFER OF PROPERTY. The Redeveloper has not made or created, and (except as permitted by Section 11) will not, prior to the completion of the Project as certified by the Agency, make or suffer to be made any sale, assignment, conveyance, lease or transfer in any other form of or with respect to this Agreement or the Property, or any part thereof or any interest therein, or contract or agree to do any of the same, without the prior written approval of the agency, provided that Redeveloper may assign or transfer to an entity which has the substantially similar ownership as Redeveloper. For condominium projects: Further provided, that the foregoing shall not apply to the agreement to sell, sale, or convey any condominium units for which an occupancy permit has been issued by the City, to the Declaration of Condominium and Plat or the transfer of title to the Owner’s Association.
Sample 1Sample 2See All (4)
AutoNDA by SimpleDocs
PROHIBITION AGAINST TRANSFER OF PROPERTY. The Redeveloper has not made or created, and (except as permitted by Section 11) will not, prior to the completion of the Project as certified by the Agency, make or suffer to be made any sale, assignment, conveyance, lease or transfer in any other form of or with respect to this Agreement or the Property, or any part thereof or any interest therein, or contract or agree to do any of the same, without the prior written approval of the agency, provided that Redeveloper may assign or transfer to an entity which has the substantially similar ownership as Redeveloper or an entity where Redeveloper is the managing member.
Sample 1
PROHIBITION AGAINST TRANSFER OF PROPERTY. (a) Except as otherwise provided herein, the Purchaser has not made or created, and will not, prior to the completion of the improvements as certified by the TDA, make or suffer to be made any sale, assignment, conveyance, lease or transfer in any other form of or with respect to this Contract, the Property, or ownership interest, or any part thereof or any interest therein, or contract or agree to do any of the same, without the prior written approval of the TDA. In the event approval of TDA is granted for any such sale, assignment, conveyance, lease or transfer, both the Purchaser and the proposed purchaser/assignee shall be responsible for completion of the redevelopment in accordance with the terms of this Contract and, prior to any such sale, assignment, conveyance, lease or transfer, the parties shall enter into an amendment of this Contract with TDA acknowledging, accepting and agreeing to be bound to observe and comply with the covenants and conditions of this Contract and continuing responsibilities of Purchaser.
Sample 1
PROHIBITION AGAINST TRANSFER OF PROPERTY. The Developer represents and agrees for itself, and its successors and assigns, that, except for transfers permitted hereunder (i.e. as noted in Section III.A.1 above), the granting of liens and security interests pursuant to the Mortgage and Pledge(s) to Funding Sources, and the financing and/or refinancing of the same to the extent permitted under Sections II.B.1 and 2. above, and entering into other customary security agreements with the Funding Sources, and the granting of easements necessary for the construction of the Project, including utilities, the Developer shall not sell, assign or otherwise transfer any portion of the Premises prior to the issuance of a Certificate of Occupancy or Temporary Certificate of Occupancy for such portion of the Premises without the prior written consent of the Town, which may be withheld in the Town’s reasonable discretion. The term “transfer” shall include, without limitation, any total or partial sale, lease (not including the transfer or lease of the residential units or lease of the non-residential space in the ordinary course of business), or contract or agreement for any of the same. The prohibition on transfer of the Property shall not apply to transfers resulting from the granting or foreclosure of any Mortgage, the execution and delivery of a deed in lieu of foreclosure of a Mortgage, the appointment of a receiver by a Funding Source, foreclosure by Xxxxxxxxx Xxxxxx under any Pledge(s), the execution and delivery of an assignment in lieu of foreclosure of a Pledge, or the exercise of any other rights or remedies of any Funding Source, provided that the transferee acknowledges that its Mortgage or the Developer upon foreclosure of any such Pledge(s), as applicable, is subject to this LDA. Anything in this Agreement to the contrary notwithstanding, no Funding Source or any person or entity owned or controlled by a Funding Source shall be obligated to assume or perform any obligation of the Developer pursuant to this Agreement, whether before or after the foreclosure of any Mortgage, the execution and delivery of a deed in lieu of foreclosure, the appointment of a receiver by a Funding Source, foreclosure by Mezzanine Lender under any Pledge(s), the execution and delivery of an assignment in lieu of foreclosure of a Pledge or the exercise of any right or remedy by a Funding Source, but the Funding Source and any purchaser at a foreclosure of a Mortgage, a purchaser of the Property after a foreclosure of a Mortg...
Sample 1
PROHIBITION AGAINST TRANSFER OF PROPERTY. The Buyer has not made or created, and (except as permitted by Section 11) will not, prior to the completion of the Project as certified by the Seller, make or suffer to be made any sale, assignment, conveyance, lease or transfer in any other form of or with respect to this Agreement or the Property, or any part thereof or any interest therein, or contract or agree to do any of the same, without the prior written approval of the Seller, provided that Buyer may assign or transfer to an entity which has the substantially similar ownership as Buyer.
Sample 1
PROHIBITION AGAINST TRANSFER OF PROPERTY. The Developer will not make or create, and prior to the completion of the improvements as certified by the City, make or suffer to be made any sale, assignment, conveyance, or transfer in any other form of or with respect to this agreement or the Property, any part of or interest in the Property, or contract or agree to do any of the above mentioned acts, without the prior written approval of the City, except Developer may assign this Agreement to a single-purpose entity created specifically to own and to operate the Project without requiring the City’s consent. Upon the completion of the improvements, the City promptly will execute a written document in recordable form that certifies the completion of the improvements (the “Completion Certificate”) and will provide it to Developer, who, upon receipt, is authorized to file and to record the Completion Certificate in the same office or offices where the General Warranty Deed was filed and recorded. Any prohibition against Transfer will end upon the execution of the Completion Certificate.
Sample 1
PROHIBITION AGAINST TRANSFER OF PROPERTY. The DEVELOPER has not made or created, and shall not, prior to the completion of the Improvements as certified by the AUTHORITY, make or suffer to be made any sale, assignment, conveyance, lease or transfer in any other form of or with respect to this Contract or the PROPERTY, or any part thereof or any interest therein, or contract or agree to do any of the same, without the prior written approval of the AUTHORITY excepting Contracts for Sale and/or Lot Reservations to third party purchasers of the house. In the event of any proposed assignment, conveyance or transfer, the DEVELOPER shall give the AUTHORITY thirty (30) days prior written notice of its request to assign, convey or transfer.
Sample 1
AutoNDA by SimpleDocs
PROHIBITION AGAINST TRANSFER OF PROPERTY. The Subrecipient certifies that it has not made or created and will not make or suffer to be made any sale, assignment, conveyance, lease or transfer in any form of any part of the property subject to or interest created by the Agreement without the prior written approval of the City, except for matters or record, previously recorded in the Maricopa County Recorder’s Office. This limitation will be in effect for that period of time recited in Section 3 which restricts the use of the subject property.
Sample 1

Related to PROHIBITION AGAINST TRANSFER OF PROPERTY

  • 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.

  • 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.

  • Transfer of Property On the date set forth above, the Grantor transferred to the Trust Estate and assets described in Attachment A which is attached and incorporated into the Trust. The Grantor or someone acting on the Grantor’s behalf may transfer property, during the life of the Grantor or by the Grantor’s Will, to the Trust and list such property on Attachment A. The Grantor, along with any other individual, may transfer property to the ownership of the Trust. Property may be added to the Trust by writing in Attachment A, by attached receipt, or by placing the property under the ownership of the Trust. Attachment A is for reference only, and any property transferred to the Trust formally or informally, but not listed on Attachment A, is also part of the Trust. All property transferred to the Trust formally or informally, together with the investments and reinvestments, as well as any income earned is sometimes collectively referred to herein as the "Trust Estate". All property transferred to or deposited with the Trustee shall be held by it in trust for the uses and purposes stated herein.

  • Prohibition Against Assignment During the Vesting Period, the Restricted Shares may not be transferred or encumbered by the Recipient by means of sale, assignment, mortgage, transfer, exchange, pledge, or otherwise. The levy of any execution, attachment, or similar process upon the Restricted Shares shall be null and void.

  • Prohibition on Transfer The Participant recognizes and agrees that all Granted Shares which are subject to the Lapsing Repurchase Right may not be sold, transferred, assigned, hypothecated, pledged, encumbered or otherwise disposed of, whether voluntarily or by operation of law, other than to the Company (or its designee). However, the Participant, with the approval of the Administrator, may transfer the Granted Shares for no consideration to or for the benefit of the Participant’s Immediate Family (including, without limitation, to a trust for the benefit of the Participant’s Immediate Family or to a partnership or limited liability company for one or more members of the Participant’s Immediate Family), subject to such limits as the Administrator may establish, and the transferee shall remain subject to all the terms and conditions applicable to this Agreement prior to such transfer and each such transferee shall so acknowledge in writing as a condition precedent to the effectiveness of such transfer. The term “Immediate Family” shall mean the Participant’s spouse, former spouse, parents, children, stepchildren, adoptive relationships, sisters, brothers, nieces and nephews and grandchildren (and, for this purpose, shall also include the Participant. The Company shall not be required to transfer any Granted Shares on its books which shall have been sold, assigned or otherwise transferred in violation of this Subsection 2.1(e), or to treat as the owner of such Granted Shares, or to accord the right to vote as such owner or to pay dividends to, any person or organization to which any such Granted Shares shall have been so sold, assigned or otherwise transferred, in violation of this Subsection 2.1(e).

  • Compliance with Restrictions Each Grantor agrees that in any sale of any of the Collateral whenever an Event of Default shall have occurred and be continuing, the Administrative Agent is hereby authorized to comply with any limitation or restriction in connection with such sale as it may be advised by counsel is necessary in order to avoid any violation of applicable law (including compliance with such procedures as may restrict the number of prospective bidders and purchasers, require that such prospective bidders and purchasers have certain qualifications, and restrict such prospective bidders and purchasers to Persons who will represent and agree that they are purchasing for their own account for investment and not with a view to the distribution or resale of such Collateral), or in order to obtain any required approval of the sale or of the purchaser by any Governmental Authority or official, and each Grantor further agrees that such compliance shall not result in such sale being considered or deemed not to have been made in a commercially reasonable manner, nor shall the Administrative Agent be liable nor accountable to such Grantor for any discount allowed by the reason of the fact that such Collateral is sold in compliance with any such limitation or restriction.

  • Prohibition on Resale Subject to any specific conditions included in the solicitation or Contractor’s proposal as accepted by the Lead State, or as explicitly permitted in a Participating Addendum, Purchasing Entities may not resell Products purchased under this Master Agreement. Absent any such condition or explicit permission, this limitation does not prohibit: payments by employees of a Purchasing Entity for Products; sales of Products to the general public as surplus property; and fees associated with inventory transactions with other governmental or nonprofit entities and consistent with a Purchasing Entity’s laws and regulations. Any sale or transfer permitted by this subsection must be consistent with license rights granted for use of intellectual property.

  • Conditions on Permitted Transfers In the event a Holder proposes to sell or transfer a Note, the Company may, but shall not be required to, impose reasonable conditions on such sale or transfer including, but not limited, to: (i) Notes may be transferred only in whole units, i.e., fractions of Notes may not be transferred; (ii) the transferee shall agree in writing to be bound by this Revenue Sharing Agreement; (iii) the transferor shall provide the Company with an opinion of counsel, satisfactory in form and substance to the Company’s counsel, stating that the transfer is exempt from registration under the Securities Act of 1933 and other applicable securities laws; and (iv) the transferor and transferee shall together pay in advance for any reasonable expenses the Company expects to incur in connection with the transfer, including attorneys’ fees.

  • Certification Regarding Prohibition of Certain Terrorist Organizations (Tex Gov. Code 2270) Certification Regarding Prohibition of Boycotting Israel (Tex. Gov. Code 2271) 5 Certification Regarding Prohibition of Contracts with Certain Foreign-Owned Companies (Tex. Gov. 5 Code 2274) 5 Certification Regarding Prohibition of Discrimination Against Firearm and Ammunition Industries (Tex.

  • PROHIBITION AGAINST PERSONAL INTEREST IN CONTRACTS No officer, employee, independent consultant, or elected official of the City who is involved in the development, evaluation, or decision-making process of the performance of any solicitation shall have a financial interest, direct or indirect, in the Contract resulting from that solicitation. Any willful violation of this section shall constitute impropriety in office, and any officer or employee guilty thereof shall be subject to disciplinary action up to and including dismissal. Any violation of this provision, with the knowledge, expressed or implied, of the Contractor shall render the Contract voidable by the City.

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