Resale and Transfer Restrictions. The Company may impose such restrictions, conditions or limitations as it determines appropriate as to the timing and manner of any re-sales by the Grantee or other subsequent transfers by the Grantee of any Shares of common stock issued as a result of the exercise of this Option, including without limitation (a) restrictions under an xxxxxxx xxxxxxx policy, (b) restrictions designed to delay and/or coordinate the timing and manner of sales by Grantee and other Option holders and (c) restrictions as to the use of a specified brokerage firm for such re-sales or other transfers.
Resale and Transfer Restrictions. Neither the Option nor any interest therein may be sold, assigned, conveyed, gifted, pledged, hypothecated or otherwise transferred in any manner, other than by will or the laws of descent and distribution. The Company may impose such restrictions, conditions or limitations as it determines appropriate as to the timing and manner of any re-sales by the Grantee or other subsequent transfers by the Grantee of any Shares issued as a result of the exercise of this Option, including without limitation (a) restrictions under an xxxxxxx xxxxxxx policy, (b) restrictions designed to delay and/or coordinate the timing and manner of sales by Grantee and other Option holders and (с) restrictions as to the use of a specified brokerage firm for such re-sales or other transfers.
Resale and Transfer Restrictions. (a) Except as otherwise provided herein, the Property or any interest therein shall not at any time be sold by the Owner, or the Owner's successors, and no attempted sale shall be valid, unless the aggregate value of all consideration and payments of every kind given or paid by the selected purchaser of the Property for and in connection with the transfer of such Property, is equal to or less than the Maximum Resale Price for the Property, and unless a certificate (the "Compliance Certificate") is obtained and recorded, signed and acknowledged by County which Compliance Certificate refers to the Property, the Owner, the selected purchaser thereof, and the Maximum Resale Price therefore, and states that the proposed conveyance, sale or transfer of the Property to the selected purchaser is in compliance with the rights, restrictions, covenants and agreements contained in this Restriction.
(b) The Owner, any good faith purchaser of the Property, any lender or other party taking a security interest in such Property and any other third party may rely upon a Compliance Certificate as conclusive evidence that the proposed conveyance, sale or transfer of the Property to the selected purchaser is in compliance with the rights, restrictions, covenants and agreements contained in this Restriction, and may record such Compliance Certificate in connection with the conveyance of the Property.
(c) Within ten (10) days of the closing of the conveyance of the Property from the Owner to the selected purchaser, the Owner shall deliver to County a copy of the Deed of the Property, together with the recording information. Failure of the Owner or Owner's successors to comply with the preceding sentence shall not affect the validity of such conveyance or the enforceability of the restrictions herein.
Resale and Transfer Restrictions. Except as otherwise stated herein, the Premises or any interest therein, shall not at any time be sold, transferred, disposed of, mortgaged or otherwise conveyed by the Owner, or the Owner’s successors and assigns, and no attempted sale, transfer, mortgage or other conveyance shall be valid, unless the aggregate value of all consideration and payments of every kind given or paid by the Eligible Purchaser, the Town (including its successors, assigns and designees) or the Mortgagee, as applicable, as provided above, to the then owner of the Premises for and in connection with the sale, transfer, mortgage or other conveyance of such Premises, is equal to or less than the Maximum Resale Price for the Premises. No conveyance, sale, transfer, mortgage or other conveyance to an Eligible Purchaser or otherwise (if permitted herein), shall be valid unless a certificate is recorded, signed and acknowledged by the Monitoring Agent or its agent or designee and states that the conveyance is in compliance with the restrictions contained in this Covenant (“Compliance Certificate”). Any good faith purchaser of the Premises, any lender or other party taking a security interest in such Premises and any other third party may rely upon such a Compliance Certificate as conclusive evidence of the matters stated therein. Within ten (10) days of the conveyance of the Premises, the Owner shall deliver to the AHC and Monitoring Agent a true and certified copy of the deed of the Premises as recorded, together with information as to the place of recording thereof in the public records. Failure to comply with the preceding sentence shall not affect the validity of such conveyance. The Monitoring Agent shall promptly give the AHC written notice any time there is a conveyance, sale, transfer, mortgage or other conveyance of the Premises.
Resale and Transfer Restrictions. (a) Except as otherwise stated herein, the Home or any interest therein shall not at any time be sold by the Homeowner, the Homeowner's successors and assigns, and no attempted sale shall be valid, unless:
(i) The aggregate value of all consideration and payments of every kind given or paid by any Purchaser to the then owner of the Home for and in connection with the transfer of such Home, is equal to or less than the Purchase Option Price for the Home, and (1) if the Home is conveyed to a Non-Lessor Purchaser, unless a certificate (the "Non-Lessor Purchaser Certificate") is obtained and recorded, signed and acknowledged by the Municipality acting by and through its Chief Elected Official which Non-Lessor Purchaser Certificate refers to the Home, the Homeowner, the Non-Lessor Purchaser thereof, and the Purchase Option Price thereof, and states that the proposed conveyance, sale or transfer of the Home to the Non- Lessor Purchaser is in compliance with the rights, restrictions, covenants and agreements contained in this Exhibit F to the Ground Lease, including, if the Non-Lessor Purchaser is an Income-qualified Person, a statement of compliance with the definition of Income-qualified Person set forth in Section 10.2 of the Ground Lease, and unless there is also recorded a New Ground Lease executed by the Non-Lessor Purchaser which New Ground Lease the Non- Lessor Purchaser Certificate certifies is satisfactory in form and substance to the Municipality; (2) if the Home is conveyed to the ACLT unless a Certificate (the "Lessor Purchaser Certificate") is obtained and recorded, signed and acknowledged by the Municipality, acting by and through its Chief Elected Official, which Lessor Purchaser Certificate refers to the Home, the Homeowner, the ACLT, and the Purchase Option Price for the Home and states that the proposed conveyance, sale or transfer of the Home to the ACLT is in compliance with the rights, restrictions, covenants and agreements contained in this Exhibit F to the Ground Lease; (3) if the Home is conveyed to the Municipality unless a Certificate (the "Municipality Purchaser Certificate") is obtained and recorded, signed and acknowledged by the Municipality, which Municipal Purchaser Certificate refers to the Home, the Homeowner, the Municipality, and the Purchase Option Price for the Home and states that the proposed conveyance, sale or transfer of the Home to the Municipality is in compliance with the rights, restrictions, covenants and agreement...
Resale and Transfer Restrictions. In the event that the Participant is deemed to be an Affiliate of BB&T, as defined in Rule 405 promulgated under the Securities Act, any resale or transfer of the shares of BB&T Common Stock acquired pursuant to the Option shall, under existing law, require either (a) the further registration under the Securities Act of the shares of BB&T Common Stock to be transferred, (b) compliance with Rule 144 promulgated under the Securities Act, or (c) the availability of another exemption from registration. The Participant acknowledges that the stock certificate or certificates to be delivered to him upon the exercise of the Option shall reflect these limitations in the form of stock transfer restrictions.
Resale and Transfer Restrictions. The Common Shares shall be subject to a statutory hold period of four months and one day imposed under applicable securities laws. In addition, Subscribers are required to complete the lock-up agreement attached as Exhibit “D”, which imposes the following additional restrictions on the Common Shares:
Resale and Transfer Restrictions. (a) The Participant shall not resell any BB&T Common Stock purchased by the exercise of this Option except in compliance with all applicable state and federal securities laws and regulations.
(b) In the event that the Participant is deemed to be an affiliate of BB&T, as defined in Rule 405 promulgated under the Securities Act of 1933, any resale or transfer of the Shares of BB&T Common Stock acquired pursuant to this Option shall, under existing law, require either (i) the further registration under the Securities Act of 1933 of the shares of BB&T Common Stock to be transferred, (ii) compliance with Rule 144 promulgated under the Securities Act of 1933 or, (iii) the availability of another exemption from registration.
(c) Participant acknowledges that the stock certificate or certificates to be delivered to him upon the exercise of this Option shall reflect these limitations in the form of stock transfer restrictions.
Resale and Transfer Restrictions. The Premises or any interest therein shall not at any time be sold, transferred, or otherwise conveyed by the Owner, or by Owner’s successors and assigns except as otherwise herein provided. No such attempted sale, transfer, or other conveyance shall be valid, unless a certificate is recorded, signed and acknowledged by Seller certifying that the conveyance is in compliance with the restrictions contained in this Covenant (“Compliance Certificate”). Any good faith purchaser of the Premises, any lender or other party taking a security interest in the Premises, and any other third party may rely upon such a Compliance Certificate as conclusive evidence of the matters stated therein.
Resale and Transfer Restrictions. Purchaser acknowledges that the Shares will be subject to certain hold periods or other resale restrictions under Ontario Securities Laws and stock exchange rules and may not be resold until the expiry of such hold period except in accordance with limited exceptions under Ontario Securities Laws and stock exchange rules and the Company will cause a legend to such effect to be placed on any certificates representing the Shares.
