Restriction on Alienation. This erf shall not be sold or alienated in any way nor shall any transfer thereof be registered without the written consent of the HOA and Combined Developers (Pty) Ltd, which consent will not be unreasonably withheld. By registering this condition against the title deed of the property, it allows the developer and the HOA to uphold and safeguard the standard and condition of the development as intended, and it ensures compliance by the owners of all the estate rules and architectural guidelines pertaining thereto, which in turn shall also be to the benefit of the owners.
Restriction on Alienation. Except as provided in Section 4.08 or under section 401(a)(13) of the Code, the interest of any Plan participant or beneficiary in the Trust Fund shall not be subject to the claims of such person's creditors and may not be assigned, sold, transferred, alienated or encumbered. Any attempt to do so shall be void; and the Trustee shall disregard any attempt. Trust assets shall not in any manner be liable for or subject to debts, contracts, liabilities, engagement or torts of any Plan participant or beneficiary, and benefits shall not be considered an asset of any such a person in the event of the person's insolvency or bankruptcy.
Restriction on Alienation. Purchaser agrees that Purchaser will not sell, transfer, gift, pledge, hypothecate, assign or otherwise dispose of any of the Shares or any right or interest therein, whether voluntary, by operation of law or otherwise, without the prior written consent of the Company, except a transfer which meets the requirements of this Subscription Agreement and complies with all applicable law. Any sale, transfer, gift, pledge, hypothecation, assignment or purported sale, transfer or other disposition of such Shares by Purchaser shall be null and void unless the terms, conditions and provisions of this Agreement are strictly observed.
Restriction on Alienation. Any sale, transfer, encumbrance, or ------------------------- other disposition or purported sale, transfer, encumbrance or disposition of any of the Shares by Optionee, whether voluntarily, by operation of law or otherwise, shall be null and void unless the terms, conditions and provisions of this Agreement are strictly complied with. Optionee further authorizes the Company to refuse, or cause its Transfer Agent to refuse, to transfer or record any Shares to be transferred in violation of this Agreement.
Restriction on Alienation. Optionee agrees that he will not sell, transfer, gift, pledge, hypothecate, assign or otherwise dispose of any of the Shares or any right or interest therein, whether voluntary, by operation of law or otherwise, without the prior written consent of the Company, except a transfer which meets the requirements of this Agreement. Any sale, transfer, gift, pledge, hypothecation, assignment or disposition or purported sale, transfer or other disposition of such Shares by Optionee shall be null and void unless the terms, conditions and provisions of this Agreement are strictly observed.
Restriction on Alienation. Purchaser agrees that Purchaser will not sell, transfer, pledge, encumber, assign or otherwise dispose of any of the Shares subject to the Company's Right of First Refusal or Involuntary Transfer Option, or any right or interest therein, whether voluntarily, by operation of law or otherwise, without the prior written consent of the Company. Any sale, transfer or disposition or purported sale, transfer or disposition of any of the Shares by Purchaser shall be null and void unless the terms, conditions and provisions of this Agreement are strictly complied with. Purchaser hereby authorizes and directs the Transfer Agent of the Company to transfer the Shares as to which the Right of First Refusal or Involuntary Transfer Option has been exercised from Purchaser to the Company (or its assignee). Purchaser further authorizes the Company to refuse, or to cause its Transfer Agent to refuse, to transfer or record any Shares to be transferred in violation of this Agreement.
Restriction on Alienation. This unit shall not be sold or alienated in any way nor shall any transfer thereof be registered without the written consent of the Body Corporate and Combined Developers (Pty) Ltd, which consent will not be unreasonably withheld. By registering this condition against the title deed of the property, it allows the developer and the Body Corporate to uphold and safeguard the standard and condition of the development as intended, and it ensures compliance by the owners of all the conduct and management rules pertaining thereto, which in turn shall also be to the benefit of the owners.
Restriction on Alienation. Before taking actual physical possession of the Said Flat by the Allottee/s in terms of clause hereinabove, the Allottee/s shall not deal with, let out, encumber, transfer or alienate the Said Flat or the rights of the Allottee/s hereunder without the consent in writing of the Developer first had and obtained provided that the Allottee/s may do so in case the Allottee/s is/are not in any manner in default in observance of his/her/its/their obligations hereunder but subject nevertheless to the following terms and conditions:
(i) Any such nomination, transfer, letting out or alienation shall be subject to the terms conditions Agreements and covenants contained hereunder and on the part of the Allottee/s to be observed fulfilled and performed and which would be required to be observed, fulfilled and performed by the Allottee/s only;
(ii) The Allottee/s shall have previously informed the Developer in writing of the full particulars of such nominee, tenant and/or occupant, it being clarified that in case of leasing out or letting out, the Allottee/s shall also inform to the Developer the full particulars of the rent and all other charges and benefits receivable by the Allottee/s in respect thereof to the extent necessary for assessment of the liability for rates and Taxes and other impositions;
(iii) The Allottee/s shall be liable to pay all increase in the municipal rates and taxes and other outgoings as may be occasioned due to aforesaid leasing out or letting out.
(iv) There will be no privy whatsoever between the Developer and the nominee or new transferee before and until a Deed of Conveyance is granted by the Promoters and/or until the nomination has been accepted expressly in writing. The Developer shall be entitled to refuse to accept nomination without assigning reasons.
Restriction on Alienation. Each party agrees that the sole and adequate means by which it may divest its ownership interest in the Aircraft shall be the transfer of the interest in accordance with the terms and conditions of this Agreement.
Restriction on Alienation. This erf shall not be sold or alienated in any way nor shall any transfer thereof be registered without the written consent of the HOA, which consent will not be unreasonably withheld.
