SALE OR CONVEYANCE. If Developer sells or conveys parcels of land, the lands so sold and conveyed shall bear the same rights, privileges, intended uses, configurations, and density as applicable to such parcel and be subject to the same limitations and rights of the Town as when owned by Developer and as set forth in this Agreement without any required approval, review, or consent by the Town except as otherwise provided herein.
SALE OR CONVEYANCE. Covenant Not to Merge, Consolidate, Sell or Convey Property Except Under Certain Conditions 70 SECTION 9.2. Successor Corporation Substituted 70 SECTION 9.3. Opinion of Counsel Delivered to Trustee 71 SECTION 10.1. Satisfaction and Discharge of Indenture 71 SECTION 10.2. Application by Trustee of Funds Deposited for Payment of Securities 75 SECTION 10.3. Repayment of Moneys Held by Paying Agent 75 SECTION 10.4. Return of Moneys Held By Trustee and Paying Agent Unclaimed for One Year 75 SECTION 10.5. Indemnity For U.S. Government Obligations 76
SALE OR CONVEYANCE. Section 8.01. Issuer May Consolidate, etc., on Certain Terms 38 Section 8.02. Successor Substituted 38 Section 8.03. Guarantor May Consolidate, etc., on Certain Terms 38 Section 8.04. Successor Legal Entity Substituted for the Guarantor 39 Section 8.05. Opinion of Counsel to Trustee 39 Section 9.01. Satisfaction and Discharge of Indenture 39 Section 9.02. Application by Trustee of Funds Deposited for Payment of Securities 42 Section 9.03. Repayment of Moneys Held by Paying Agent 43 Section 9.04. Return of Moneys Held by Trustee and Paying Agent Unclaimed for Two Years 43
SALE OR CONVEYANCE. OF LEASED PREMISES; LIMITS OF LIABILITY OF LANDLORD
34.1 The term "LANDLORD", as used in this Lease, means only the owner at any time of fee title to the Leased Premises, so that, in the event of any sale of the Leased Premises, the seller shall be, and hereby is, entirely freed and relieved of all covenants and obligations of Landlord hereunder thereafter arising, and it shall be deemed and construed, without further agreement between the parties or between the parties and the purchaser of the Leased Premises, that such purchaser has assumed and agreed to carry out any and all covenants and obligations of Landlord hereunder thereafter arising. If Landlord and/or any successor in interest of Landlord shall be an individual or individuals who are joint venturers, tenants in common, members of a firm, a general or limited partnership, or a corporation, it is specifically understood and agreed that the monetary liability of such individual, or of the members or other principals of such firm, partnership, or joint venture, or of the officers, directors and/or shareholders of such corporation, whether disclosed or undisclosed, in relation to any covenants or conditions under this Lease, shall be unconditionally and completely limited to the equity of Landlord in the Leased Premises, in the event of a breach by Landlord of any of the terms, covenants and conditions of this Lease to be performed by Landlord. Except as expressly otherwise provided in this Lease, there shall be no personal liability with respect to any of the foregoing persons and/or entities.
SALE OR CONVEYANCE. Covenant Not To Merge, Consolidate, Sell Or Convey Property Except Under Certain Conditions 53 Section 9.2 Successor Corporation Substituted 54 Section 9.3 Opinion Of Counsel To Trustee 54 Section 10.1 Satisfaction and Discharge of Indenture 54 Section 10.2 Defeasance 55 Section 10.3 Application by Trustee of Moneys, U.S. Government Obligations or Foreign Government Securities Deposited for Payment Of Securities 56 Section 10.4 Repayment or Delivery of Moneys, U.S. Government Obligations or Foreign Government Securities Held by Paying Agent 56 Section 10.5 Return Of Moneys, U.S. Government Obligations Or Foreign Government Securities Held By Trustee And Paying Agent Unclaimed For Two Years 57 Section 10.6 Reinstatement 57
SALE OR CONVEYANCE. In the event of a sale or conveyance by Landlord of its interest in the Project, the same shall operate to release Landlord from any further liability upon any covenants or conditions, express or implied, here contained in favor of Tenant, and in such event Tenant agrees to look solely to the responsibility of the successor in interest of Landlord in and to this License. Tenant agrees to attorn to the purchaser or assignee.
SALE OR CONVEYANCE. Section 8.01. Issuer May Consolidate, etc., on Certain Terms 26 Section 8.02. Successor Substituted 26 Section 8.03. Guarantor May Consolidate, etc., on Certain Terms 27
SALE OR CONVEYANCE. (a) Mortgagor agrees that Mortgagee's willingness to enter into the financial transaction represented by the Note and secured by this Mortgage is expressly based in part upon Mortgagor's financial strength and creditworthiness (and if the Loan is nonrecourse, in light of, among other things, the exceptions to exculpation set out in EXHIBIT A, Section A1 of the Note), together with Mortgagor's ability to develop, improve, lease, operate and manage the business to be conducted upon the Premises. Mortgagor agrees that these considerations are material to Mortgagee. Therefore, any Transfer (as defined below) of all or any part of the Premises or any interest therein, whether voluntarily, involuntarily or by operation of law, shall be prohibited. Any Transfer in violation of this Mortgage shall constitute a Default hereunder.
(i) Mortgagee may condition any consent to a Transfer upon payment to Mortgagee of a transfer fee equal to one percent (1%) of the principal balance of the Loan at the time of Transfer (which shall be calculated prior to any principal reduction Mortgagee may require in connection with such Transfer); (ii) Mortgagee will require the transferee to assume, subject to all applicable non-recourse exculpations set forth in the Note, in writing all of Mortgagor's obligations under the Note, this Mortgage, and the Collateral Loan Documents; (iii) Mortgagee will require Mortgagor and transferee to execute any and all revisions or amendments to the Note, this Mortgage, or the Collateral Loan Documents to conform to the then current form of Mortgagee's standard loan documents and to execute any additional documents requested by Mortgagee so long as such revisions do not increase Mortgagor's liabilities hereunder; (iv) Mortgagee will require an endorsement to its title insurance policy and the hazard insurance policy on the Premises in form satisfactory to it; and (v) parties other than Mortgagee shall pay all expenses arising from such Transfer (including but not limited to the reasonable fees of Mortgagee's outside counsel). If Mortgagee shall consent to any one such Transfer and assumption, such consent shall not constitute a waiver of Mortgagee's rights hereunder as to any future or successive Transfers, and the same shall not operate to release Mortgagor or any guarantor or surety of any of the Secured Indebtedness, from any obligation hereunder, under the Note or the Collateral Loan Documents or under any guaranty of the Secured Indebtedness unl...
SALE OR CONVEYANCE. Any sale, conveyance or disposition of any portion or portions of the Premises shall comply with the Loan Agreement and the Indenture. Mortgagor agrees that it shall pay all costs and expenses, including attorneys’ fees incurred by the Mortgagee in connection with any transaction contemplated by this Section 2.5.
SALE OR CONVEYANCE. Section 8.01. Issuer May Consolidate, etc., on Certain Terms 26 Section 8.02. Successor Substituted 26 Page
