Sale or Lease of Property Sample Clauses

Sale or Lease of Property. Except as expressly permitted by the Agreement, Trustor shall not sell, lease or otherwise transfer or create a lien or encumbrance against all or any part of the Property or any interest therein without the prior written consent of Beneficiary.
Sample 1
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Sale or Lease of Property. Except as otherwise provided in the Original Agreement, the Phase B Implementation Agreement or the Phase B Ground Lease, Trustor shall not sell, lease or otherwise transfer all or any part of the Property or any interest therein without the prior written consent of Beneficiary.
Sample 1
Sale or Lease of Property. Except for involuntary, immaterial transfers by reason of eminent domain, or replacements of fixtures or equipment pertaining to the Property, Borrower shall not sell, lease or otherwise transfer any interest in the Property or the Personal Property (other than sales of portions of the Property with respect to which Lender is obligated to release, or has previously released, the lien of the Deed of Trust, dispositions of Personal Property expressly permitted by the Loan Documents and grants of utility easements permitted by this Agreement) without the prior written consent of Lender, which consent may be withheld in Lender's absolute discretion.
Sample 1
Sale or Lease of Property. Except as expressly permitted by this Agreement, without the prior consent of Lender, Borrower will not sell, transfer, convey, pledge, assign, mortgage, or otherwise dispose of all or any portion of the Property (unless the Loan is repaid in full simultaneously with such sale or transfer) or enter into any Leases for any portion of the Property except as permitted under Section 9.15, or sell, lease or otherwise transfer any interest in the Property or the Personal Property other than as permitted under Section 9.15 and other than dispositions of Personal Property permitted by Section 10.6. No sale, lease or other transfer shall relieve Borrower from primary liability for its Obligations under the Loan Documents or relieve Guarantor from any liability under the Guaranty. If Lender approves any transfer or sale (without implying any obligation on the part of Lender to approve any such transfer or sale), Borrower shall remain primarily liable for the payment and performance of all Obligations in the Loan Documents to the same extent as if no transfer had occurred, and Borrower shall deliver to Lender all documents reasonably required by Lender to evidence such continuing primary liability. In connection with the covenants contained in this Section 10.4, Borrower acknowledges that Borrower’s particular expertise was an important element in Lender’s decision to enter into this Agreement and that Lender continues to rely on such expertise to ensure the satisfactory leasing, operation and management of the Property.
Sample 1
Sale or Lease of Property. Except as otherwise provided in the Agreement or the Manchester Ground Lease, Trustor shall not sell, lease or otherwise transfer all or any part of the Property or any interest therein without the prior written consent of Beneficiary.
Sample 1

Related to Sale or Lease of Property

  • Lease of Property Landlord, for and in consideration of the covenants and agreements herein contained on the part of Tenant to be paid, kept, observed, and performed, hereby leases to Tenant, and Tenant hereby leases from Landlord for the Term (as hereinafter defined), the Property. Tenant’s use of the Property shall be in compliance with the terms of this Lease.

  • Sale or Lease of Assets Within any period of four consecutive fiscal quarters, the Borrower will not, nor will it permit any Subsidiary to, convey, sell, lease, transfer or otherwise dispose of assets, business or operations with a net book value in excess of 25% of Total Assets as calculated as of the end of the most recent such fiscal quarter.

  • Lease of Property For Lease Term Landlord leases the Property to Tenant and Tenant leases the Property from Landlord for the Lease Term. The Lease Term is for the period stated in Section 1.05 above and shall begin and end on the dates specified in Section 1.05 above, unless the beginning or end of the Lease Term is changed under any provision of this Lease. The "Commencement Date" shall be the date specified in Section 1.05 above for the beginning of the Lease Term, unless advanced or delayed under any provision of this Lease.

  • Release of Property Except as set forth in this Section 2.6, no repayment or prepayment of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage on the Property.

  • Sale of Property If the Premises is sold, the Tenant is to be notified of the new Owner, and if there is a new Manager, their contact details for repairs and maintenance shall be forwarded. If the Premises is conveyed to another party, the new owner: (check one) ☐ - Has the right to terminate this Agreement by providing days’ notice to the Tenant. ☐ - Does not have the right to terminate this Agreement.

  • Release of Properties From time to time the Borrower may request, upon not less than 10 days prior written notice to the Administrative Agent (or such shorter period as may be acceptable to the Administrative Agent in its sole discretion), that a Borrowing Base Asset be no longer considered a Borrowing Base Asset, which release (a “Property Release”) shall be effected by the Administrative Agent if the Administrative Agent determines all of the following conditions are satisfied as of the date of such Property Release:

  • Purchase of Property With any cash at any time held by it, to purchase or subscribe for any Authorized Investment (as defined in Section 6.3) and to retain the same in trust.

  • Sale of Properties The Borrower will not, and will not permit any of the Guarantors to, sell, assign, farm-out, convey or otherwise transfer any Property except for: (a) the sale of Hydrocarbons in the ordinary course of business; (b) farmouts of undeveloped acreage and assignments in connection with such farmouts; (c) the sale or transfer of equipment that is no longer necessary for the business of the Borrower or such Subsidiary or is replaced by equipment of at least comparable value and use; (d) sales or other dispositions (excluding Casualty Events) of Oil and Gas Properties or any interest therein or Subsidiaries owning Oil and Gas Properties; provided that (i) 100% of the consideration received in respect of such sale or other disposition shall be cash and/or publicly traded securities, (ii) the consideration received in respect of such sale or other disposition shall be equal to or greater than the fair market value of the Oil and Gas Property, interest therein or Subsidiary subject of such sale or other disposition (as reasonably determined by the board of directors of the Borrower and, if requested by the Administrative Agent, the Borrower shall deliver a certificate of a Responsible Officer of the Borrower certifying to that effect), (iii) if such sale or other disposition of Oil and Gas Property or Subsidiary owning Oil and Gas Properties included in the most recently delivered Reserve Report during any period between two successive Scheduled Redetermination Dates has a fair market value (as determined by the Administrative Agent), individually or in the aggregate, in excess of $5,000,000, the Borrowing Base shall be reduced, effective immediately upon such sale or disposition, by an amount equal to the value, if any, assigned such Property as determined by the Required Lenders assigned such Property in the most recently delivered Reserve Report and (iv) if any such sale or other disposition is of a Subsidiary owning Oil and Gas Properties, such sale or other disposition shall include all the Equity Interests of such Subsidiary; and (e) sales and other dispositions of Properties not regulated by Section 9.12(a) to (d) having a fair market value not to exceed $250,000 during any 12-month period.

  • Transfer of Property On the date set forth above, the Grantor transferred to the Trust Estate and assets described in Attachment A which is attached and incorporated into the Trust. The Grantor or someone acting on the Grantor’s behalf may transfer property, during the life of the Grantor or by the Grantor’s Will, to the Trust and list such property on Attachment A. The Grantor, along with any other individual, may transfer property to the ownership of the Trust. Property may be added to the Trust by writing in Attachment A, by attached receipt, or by placing the property under the ownership of the Trust. Attachment A is for reference only, and any property transferred to the Trust formally or informally, but not listed on Attachment A, is also part of the Trust. All property transferred to the Trust formally or informally, together with the investments and reinvestments, as well as any income earned is sometimes collectively referred to herein as the "Trust Estate". All property transferred to or deposited with the Trustee shall be held by it in trust for the uses and purposes stated herein.

  • Use of Property The Property as defined herein shall be for the sole and exclusive use and occupation by the Tenant(s) and same’s exclusive family namely:

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