Sale or Encumbrance of Facilities Sample Clauses

Sale or Encumbrance of Facilities. It is acknowledged that the District may not dispose of or discontinue any portion of the Facilities, other than in a conveyance of road facilities to the County or Texas Department of Transportation for ownership, operation, and maintenance, a conveyance of the Water and Wastewater facilities to the City for ownership, operation and maintenance, or a conveyance of drainage facilities to the County, Texas Department of Transportation, or Angleton Drainage District for ownership, operation, and maintenance.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs

Related to Sale or Encumbrance of Facilities

  • Sale or Encumbrance Prohibited Except as otherwise permitted in this Agreement, no Member may voluntarily or involuntarily transfer, sell, convey, encumber, pledge, assign, or otherwise dispose of (collectively, "Transfer") an interest in the Company without the prior written consent of a majority of the other non-transferring Members determined on a per capita basis.

  • RIGHT OF ALLOTTEE TO USE COMMON AREAS AND FACILITIES SUBJECT TO PAYMENT OF TOTAL MAINTENANCE CHARGES The Allottee hereby agrees to purchase the [Apartment/Plot] on the specific understanding that is/her right to the use of Common Areas shall be subject to timely payment of total maintenance charges, as determined and thereafter billed by the maintenance agency appointed or the association of allottees (or the maintenance agency appointed by it) and performance by the Allottee of all his/her obligations in respect of the terms and conditions specified by the maintenance agency or the association of allottees from time to time.

Time is Money Join Law Insider Premium to draft better contracts faster.