Restriction on Assignment or Transfer. 3.1 The Registered Owner covenants and agrees that during the Term of this Agreement, it shall not assign or transfer its interest in the Lands without the written consent of the City.
Restriction on Assignment or Transfer. Each Obligated Group Party will not sell, convey, lease, assign, encumber, pledge, or otherwise transfer or dispose of all or any portion of the Collateral, or any interest therein, whether such transfer is voluntary, involuntary, by operation of law, or otherwise, except for (a) those transfers of Collateral, if any, specifically allowed pursuant to the terms of Loan Documents or otherwise agreed to in writing by Bank, and (b) so long as no Event of Default has occurred and is continuing hereunder, inventory sold or supplies used in the ordinary course of such Obligated Group Party’s business. The foregoing restriction on transfer specifically includes transfers to any
Restriction on Assignment or Transfer. Each Obligated Group Party will not sell, convey, lease, assign, encumber, pledge, or otherwise transfer or dispose of all or any portion of the Collateral, or any interest therein, whether such transfer is voluntary, involuntary, by operation of law, or otherwise, except for (a) those transfers of Collateral, if any, specifically allowed pursuant to the terms of Loan Documents or otherwise agreed to in writing by Bank, and (b) so long as no Event of Default has occurred and is continuing hereunder, inventory sold or supplies used in the ordinary course of such Obligated Group Party’s business. The foregoing restriction on transfer specifically includes transfers to any trust. Any attempted transfer of any Collateral, or any interest therein, which is not specifically authorized pursuant to the terms of this Agreement or otherwise consented to by Bank in writing shall be null and void and of no force or effect for any purpose whatsoever.
Restriction on Assignment or Transfer. Neither party may assign or otherwise transfer ownership or control of its interest in the operation that is the subject of this agreement without the express written consent of the other party. This consent shall also be made conditioned on obtaining the necessary approvals from any and all governmental regulatory agencies in any jurisdiction where either party may be licensed.
Restriction on Assignment or Transfer. Borrower will not sell, convey, lease, assign, encumber, pledge, or otherwise transfer or dispose of all or any portion of the Collateral, or any interest therein, whether such transfer is voluntary, involuntary, by operation of law, or otherwise, except for (a) those transfers of Collateral, if any, specifically allowed pursuant to the terms of Loan Documents or otherwise agreed to in writing by Bank, and (b) so long as no Event of Default has occurred and is continuing hereunder, inventory sold or supplies used in the ordinary course of Borrower’s business. The foregoing restriction on transfer specifically includes transfers to any trust. Any attempted transfer of any Collateral, or any interest therein, which is not specifically authorized pursuant to the terms of this Agreement or otherwise consented to by Bank in writing shall be null and void and of no force or effect for any purpose whatsoever.
Restriction on Assignment or Transfer
