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.
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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 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 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...
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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.
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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.
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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.
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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.
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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.
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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.
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Related to PROHIBITION AGAINST TRANSFER OF PROPERTY

  • 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 Resale Reselling the Service or otherwise making the Service available to anyone outside your residence (e.g., via wi-fi or any other method), in whole or in part, directly or indirectly, or on a bundled or unbundled basis, is prohibited. The Service is for personal and non-commercial use only and you agree not to use the Service for operation as an internet service provider or for any business enterprise or purpose, or as an end-point on a non-Viasat local area network or wide area network, unless specifically authorized in writing by Viasat. Other prohibited activities include connecting multiple computers behind the satellite modem to set up a LAN (Local Area Network) that in any manner would result in a violation of the terms of the Acceptable Use Policy or any other Viasat policy or plan, or running programs, equipment, or servers from your residence that provide network content or any other services to anyone outside of your premises. You may not connect the Equipment to any computer outside of your residence.

  • Prohibition Against Subcontracting or Assignment The experience, knowledge, capability and reputation of Consultant, its principals and employees were a substantial inducement for the City to enter into this Agreement. Therefore, Consultant shall not contract with any other entity to perform in whole or in part the services required hereunder without the express written approval of the City. In addition, neither this Agreement nor any interest herein may be transferred, assigned, conveyed, hypothecated or encumbered voluntarily or by operation of law, whether for the benefit of creditors or otherwise, without the prior written approval of City. Transfers restricted hereunder shall include the transfer to any person or group of persons acting in concert of more than twenty five percent (25%) of the present ownership and/or control of Consultant, taking all transfers into account on a cumulative basis. In the event of any such unapproved transfer, including any bankruptcy proceeding, this Agreement shall be void. No approved transfer shall release the Consultant or any surety of Consultant of any liability hereunder without the express consent of City.

  • Certification Regarding Prohibition of Certain Terrorist Organizations (Tex Gov. Code 2270) Vendor certifies that Vendor is not a company identified on the Texas Comptroller’s list of companies known to have contracts with, or provide supplies or services to, a foreign organization designated as a Foreign Terrorist Organization by the U.S. Secretary of State. Does Vendor certify? 3 Yes

  • 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.

  • Prohibition Against Contingent Fees As required pursuant to O.C.G.A. §50-22-6(d), the Design Professional warrants that he has not employed or retained any company or person, other than a bona fide employee working solely for its, to solicit or secure this contract and that he has not paid or agreed to pay any person, company, corporation, individual or firm, other than a bona fide employee working solely for its, any fee, commission, percentage, gift, or other consideration contingent upon or resulting from the award or the making of this Contract.

  • Transfer of the Property Any sale, lease, conveyance, assignment, pledge, encumbrance, or transfer of all or any part of the Property or any interest therein, voluntarily or involuntarily, whether by operation of law or otherwise, except: (i) sales or transfers of items of the Accessories which have become obsolete or worn beyond practical use and which have been replaced by adequate substitutes, owned by Mortgagor, having a value equal to or greater than the replaced items when new; and (ii) the grant, in the ordinary course of business, of a leasehold interest in a part of the Improvements to a tenant for occupancy, not containing a right or option to purchase and not in contravention of any provision of this Mortgage or of any other Loan Document. Mortgagee may, in its sole discretion, waive a default under this paragraph, but it shall have no obligation to do so, and any waiver may be conditioned upon such one or more of the following (if any) which Mortgagee may require: the grantee’s integrity, reputation, character, creditworthiness and management ability being satisfactory to Mortgagee in its sole judgment and grantee executing, prior to such sale or transfer, a written assumption agreement containing such terms as Mortgagee may require, a principal paydown on the Note, an increase in the rate of interest payable under the Note, a transfer fee, a modification of the term of the Note, and any other modification of the Loan Documents which Mortgagee may require. NOTICE - THE DEBT SECURED HEREBY IS SUBJECT TO CALL IN FULL IN THE EVENT OF SALE OR CONVEYANCE OF THE PROPERTY CONVEYED.

  • PROHIBITION OF STRIKES Section 1. Strike Definition

  • Prohibition Against Discrimination It is the policy of the State to prohibit discrimination in employment against any employee or applicant for employment because of race, age, color, religion, creed, sex (including pregnancy), sexual orientation, political affiliation, country of national origin, ancestry, genetic information, gender identity or expression, mental or physical disability, marital status, or labor organization affiliations, and to promote and implement a positive and continuing program of equal employment opportunity. It is the policy of the Union that it shall not discriminate against any employee or cause or attempt to cause the State to discriminate against any employee because of race, age, color, religion, creed, sex, sexual orientation, political affiliation, country of national origin, ancestry, genetic information, gender identity or expression, mental or physical disability, marital status or labor or organization affiliation.

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