Prohibition Against Transfer of Property and Assignment of Agreement. For the foregoing reasons, Rural Sourcing represents and agrees for itself and its successors and assigns that:
Prohibition Against Transfer of Property and Assignment of Agreement. For the foregoing reasons the Developer represents and agrees that until the Maturity Date:
Prohibition Against Transfer of Property and Assignment of Agreement. Also, for the foregoing reasons, the Redeveloper represents and agrees for itself and its successors and assigns, that:
Prohibition Against Transfer of Property and Assignment of Agreement. Developer represents and agrees that until issuance of the final Certificate of Completion for the Minimum Improvements:
Prohibition Against Transfer of Property and Assignment of Agreement. For the foregoing reasons, DuraCoatings represents and agrees for itself and its successors and assigns that:
Prohibition Against Transfer of Property and Assignment of Agreement. (a) Prior to completion of construction of the Improvements, except only by way of security for, and only for, the purpose of obtaining financing necessary to enable the Developer or any successor in interest to the Property, or any part thereof, to perform its obligations with respect to constructing the Improvements under this Agreement, and any other purpose authorized by this Agreement, the Developer (except as so authorized) has not made or created, and will not make or create, or suffer to be made or created, any total or partial sale, assignment, conveyance, or lease, or any trust or power, or transfer in any other mode or form of or with respect to this Agreement or the Property or any part thereof or any interest herein or therein, or any contract or agreement to do any of the same, without the prior written approval of the Authority.
Prohibition Against Transfer of Property and Assignment of Agreement. (a) The Developer represents and agrees that the Developer has not made or created any total or partial sale, assignment, conveyance, or lease, or any trust or power, or transfer in any other mode or form of or with respect to this Agreement, the Facility or any part thereof or any interest therein, or any contract or agreement to do any of the same, to any person or entity (collectively, a “Transfer”). The term “Transfer” does not include (i) encumbrances made or granted by way of security for, and only for, the purpose of obtaining construction, interim or permanent financing necessary to enable Developer, or any successor in interest to the Development Property, to construct the Minimum Improvements or component thereof; (ii) any lease, license, easement or similar arrangement entered into in the ordinary course of business related to operation of the Facility, or (iii) a transfer of any membership interest in the Developer, provided Xxxxx X. Xxxxx continues to own the majority interest in Developer and/or the Developer continues to be controlled by (as that term is defined in Section 1.1 of this Agreement) Xxxxx X. Xxxxx and all of the Minimum Improvements remain under common management in accordance with the Compliance Plan. In the event of a Transfer (including any Transfer to an Affiliate), the Developer shall cause a reciprocal easement agreement to be entered into in recordable form between all owners of the Development Property. The reciprocal easement agreement shall specify the rights and obligations of all owners regarding the shared streets, sidewalks, utilities, amenities and maintenance of the Development Property.
Prohibition Against Transfer of Property and Assignment of Agreement. (a) For the foregoing reasons, Owner represents and agrees that prior to the completion of the Minimum Improvements in accordance with the terms of this Agreement, Owner has not made or created and will not make or create or suffer to be made or created any total or partial sale, assignment, conveyance, or lease, or any trust or power, or transfer in any other form of or with respect to this Agreement or the Redevelopment Property or any part thereof or any interest therein, or any contract or agreement to do any of the same without the prior written approval of the City.
Prohibition Against Transfer of Property and Assignment of Agreement. For the foregoing reasons, AT&T represents and agrees for itself and its successors and assigns that:
