Restricted Property. The Collateral shall not include any lease, agreement, contractual right, franchise, licence or approval, other than an account or chattel paper (collectively, “Restricted Property”) held by the Obligor now or in the future if the liens created by this Agreement would otherwise result in a breach, forfeiture or termination of the Restricted Property unless any necessary consent or waiver is obtained. The Obligor shall, on request by the Lender, promptly use all commercially reasonable efforts to seek any necessary consent or waiver to have the Restricted Property form part of the Collateral and to any disposition of the Restricted Property upon enforcement of this Agreement. If a consent or waiver is obtained, the applicable Restricted Property shall form part of the Collateral without any further action. If any consent or waiver is not obtained, and if the liens created by this Agreement become enforceable, the Obligor shall hold any Restricted Property for which a consent or waiver has not been obtained and its benefits in trust for the Lender, and shall perform its obligations and exercise and enforce its rights under that Restricted Property, including rights of disposition, at the direction of the Lender.
Restricted Property. For a period of one (1) year following the Closing Date, the Seller agrees not to Transfer the Restricted Property to any Person, including, without limitation, the fund or funds or other Persons holding an interest in the Seller or any other Affiliates.
Restricted Property. Notwithstanding anything contained herein, it is expressly acknowledge, understood and agreed by the parties that the properties commonly referred to as “Overlook”, “Eagle Pointe”, “Xxxxxxxx Road”, “Cypress Oaks”, and “Xxxxx” shall be included within the Restricted Property.
Restricted Property. 7 Sale and Lease-Back Transaction....................................7
Restricted Property. The provisions of this Section 6.6(c) shall apply independently to real property that is reasonably distinguishable (by virtue of its condition, state of development, subdivision, bundling with other real estate, or other factors) from other real property, notwithstanding the fact that the land included in such real properties may overlap or be identical, and each distinguishable real property shall be considered a distinct Restricted Property. For example, buildable lots within a residential community shall be distinct Restricted Property from subdivided but undeveloped lots and from the original raw land, and any proposed sale of such buildable lots will be independently subject to the provisions of this Section 6.6(c) notwithstanding the fact that such real property may previously have been subject to the provisions of this Section 6.6(c) as raw land and as subdivided undeveloped lots. For the avoidance of doubt, the real property relating to Seller’s “Palisades” project (other than developed multi-family projects not otherwise constituting Restricted Property) and the real property received in the exchange transaction contemplated by Section 7.2 shall be Restricted Property subject to this Section 6.6(c).
Restricted Property. To the extent land other than the Property is subject to geographical restrictions under any Lease, Seller, or its affiliates, as applicable, will not own, use, or permit the use of such other land (the Restricted Property) in violation of the geographical restrictions contained in any Lease. On or prior to the Closing Date, Seller or its affiliates shall impose appropriate restrictions on any Restricted Property for the benefit of the Property to prevent the Restricted Property from being used in violation of any Lease.
Restricted Property. Notwithstanding anything contained herein, it is expressly acknowledged, understood and agreed by the parties that the acquisition of the properties identified as “Indigo / Cypress Bluff” in Lake County, Florida, and (ii) “Sxxxxxx Major” in Volusia County, Florida, are currently under contract by HLC or its affiliate, and are pending negotiations regarding a variety of joint development and similar agreements. To the extent acquired by HLC, or its affiliate, the foregoing properties shall be deemed a Restricted Properties and shall be subject to the provisions of this Section 11.
Restricted Property. Restricted Property (as defined below) shall be subject to forfeiture (as described in Section 5(e)) and may not be removed from the Executive Account or sold, transferred, assigned, hypothethicated or otherwise alienated, in each case, without the written consent of the Company. Unrestricted Property (as defined below) shall not be subject to forfeiture and may, at Executive’s direction, be removed from the Executive Account and/or sold transferred, assigned, hypothecated or otherwise alienated without the consent of the Company. All Incentive Bonds and Restricted Cash shall be “Restricted Property” unless and until the Company notifies EPS in writing that such Incentive Bonds and/or Restricted Cash has vested and become “Unrestricted Property” in accordance with Section 5(b) or Section 5(c).
Restricted Property. Customer will not offer or sell any Property on the Sites that is prohibited by this Agreement or any applicable Site Agreements, or would otherwise violate any applicable laws or regulations or subject Invaluable or its suppliers to potential liability. Invaluable may, in its sole discretion, remove any Property or any Information, or may request that Customer remove any Property or any Information on Customer Sites, that Invaluable determines has been posted on the Sites in violation of this Agreement, any applicable Site Agreements or applicable laws or regulations, or that may expose Invaluable to potential liability or threat of litigation, and may immediately cancel the listing for such Property without liability for such cancellation. Customer will promptly comply with any such requests.
Restricted Property. The area that is the subject of this Environmental Covenant is the Restricted Property, which is located in Plymouth, Penobscot County, Maine shown on Tax Map ___ as Lot _ on the _ _ Tax Map for the Town of Plymouth and more particularly described in that deed to Declarant dated ___ _ and recorded on in the Penobscot County Registry of Deeds in Book ___ , Page ___.
