Sale, Transfer or Assignment. Provided Tenant complies with Section 9.03, and provided that the transferee assumes in writing each of Tenant’s obligations arising under this Lease following the date of such sale, transfer or assignment, any sale, transfer or assignment shall operate to release Tenant from any and all liabilities under this Lease arising after (but not before) the date of such sale, assignment or transfer.
Sale, Transfer or Assignment of an Independent Novae Business Although a Novae business is an independently operated business, the sale, transfer or assignment of a Novae business is subject to certain limitations. If an Affiliate wishes to sell his or her Novae business, the selling Affiliate must offer Novae the right of first refusal to purchase the business on the same terms as agreed upon with a third-party buyer. Novae shall have 15 days from the date of receipt of the written offer from the Affiliate to exercise its right of first refusal. If Novae elects not to purchase the business, the following criteria must be met: • The selling Affiliate must submit a $250 transfer fee to the Company to reimburse it for its expenses associated with the transaction. • Novae must approve the buyer or transferee prior to finalization of the purchase. • The buyer or transferee must become a qualified Novae Affiliate. If the buyer is an active Novae Affiliate, he or she must first terminate his or her Novae business and wait six calendar months before acquiring any interest in a different Novae business. • Before the sale, transfer or assignment can be finalized and approved by Novae, any debt obligations the selling Affiliate has with Novae must be satisfied. • The selling Affiliate must be in good standing and not in violation of any of the terms of the Agreement in order to be eligible to sell, transfer or assign a Novae business. Prior to selling an independent Novae business or interest in an Affiliate who is a Business Entity, the selling Affiliate must notify Xxxxx's Compliance Department in writing and advise of his or her intent to sell his or her Novae business or Business Entity interest. The selling Affiliate must receive written approval from Novae before proceeding with the sale. No changes in line of sponsorship can result from the sale or transfer of a Novae business. The selling Affiliate agrees that he or she will not disparage, demean or otherwise criticize Xxxxx, either written or verbal, after the sale or transfer of his or her Novae business. Affiliates agree that it would be impossible, impractical, or extremely difficult to fix the actual damages suffered by reason of such a violation. Therefore, if such a breach does occur, Affiliates hereby agree that Novae may recover damages incurred, without prejudice to Xxxxx's right to also seek injunctive or other equitable relief.
Sale, Transfer or Assignment. CONTRACTOR agrees that it will not sell, assign or transfer in whole or in part any right, title or interest it possesses by reason of this AGREEMENT to any other person or entity without first obtaining the written consent of the PVTA to such sale, assignment, or transfer. In the event of any violation of this SECTION, PVTA may immediately terminate this AGREEMENT.
Sale, Transfer or Assignment of a Scentsy Family Business Scentsy Family allows for the sale or transfer of your business in the event you wish to retire from direct selling as defined below. Although your Scentsy Family business is privately owned and independently operated, the Agreement, including these Policies and Procedures, is an agreement between you and Scentsy Family. You may not assign any of the rights you are granted under the Agreement, without first obtaining written authorization from Scentsy Family. Such authorization is at Scentsy Family‘s discretion, and will only be granted if, in Scentsy Family‘s opinion, the following criteria are met:
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Sale, Transfer or Assignment. Except as to management and operation as expressly provided in section 6.4.3, District shall not sell, transfer, or assign any interest in the Project. This section 6.4.2 does not prohibit District from disposing of excess or surplus personal property or land, provided that the proceeds of the disposition shall be credited to the Project.
Sale, Transfer or Assignment. Grantee may not sell or transfer the rights under this agreement without the written consent of City, which shall not be unreasonably withheld. Prior to any sale or transfer Grantee shall provide City with adequate information about the acquiring persons' identity, character, competence in the chilled water business and financial ability to operate the System. Any sale, transfer, or assignment of the rights under this agreement shall be binding on Grantee's purchaser, transferee, or assignee. The City's granting of consent in one instance shall not render unnecessary any subsequent consent in any other instance. Nothing contained herein shall be deemed to prohibit the mortgage, pledge or assignment of Grantee's System for purposes of financing the construction and operation of the System. Nor shall anything in this section preclude Grantee from selling or assigning this contract or transferring the rights under this contract to an associated organization of Grantee. If such a sale, assignment or transfer takes place Grantee shall provide City with any information City may need to ensure compliance with this agreement.
Sale, Transfer or Assignment. If Purchaser or any of its Affiliates sell, transfer or dispose (through merger, consolidation, reorganization, sale of assets, sale of stock or otherwise) of the Companies or any material part of the Companies' businesses or assets, the calculation of Revenues shall continue to apply as to the Companies (or the successor in a merger, consolidation, reorganization or purchaser in a sale of a material part of the Companies' business or assets) and Purchaser shall require such successor, assignee, purchaser or other acquiror of the Companies or such business or assets to assume the applicable obligations of the Purchaser under this Section 3.7 and the payment of the remaining Earnout Amount, if any, in accordance with its payment terms, as a condition precedent to any such transaction; provided that no such sale, transfer or disposal shall relieve Purchaser of its obligations under this Agreement unless agreed to in writing by the Selling Stockholder.
Sale, Transfer or Assignment. (a) CAR shall have the right to assign its rights and delegate its obligations under this Agreement, in whole or in part, to any third party (but not to sublease all or portions of the Surface Premises) at any time during the term hereof, upon receiving the prior written consent of Legends, such consent not to be unreasonably conditioned, withheld, or delayed; provided, however, any such assignment shall be expressly made subject to, and the assignee shall expressly agree in writing to be bound by, all of the terms, conditions, and covenants of this Agreement. For avoidance of doubt, Legends’s consent to a proposed assignment shall not be deemed to be unreasonably withheld if the proposed assignee is unable to satisfy any of the terms or conditions set forth in this Agreement, in other agreements to which Legends is or may be a party, or in any Laws, as may be amended from time to time, applicable to the then-existing and planned activities on the Surface Premises. No consent shall be required for an assignment or sublease by CAR of its interest in this Agreement to a Related Party of CAR, provided that (i) CAR and the assignee shall remain jointly and severally liable for all of the obligations of CAR and such assignees under this Agreement, and (ii) such assignee shall remain a Related Party of CAR. If a controlling interest in that Related Party assignee is subsequently conveyed to a third party that is not a Related Party of CAR, Legends’s consent to such assignment in accordance with the provisions of this Section 13(a) shall be required.
Sale, Transfer or Assignment. An IBO may not sell, transfer or assign his/her independent business without the express written consent of TLC at TLC’s sole discretion. The sale, transfer or assignment of an IBO business may not be utilized under any circumstances to effect a change of sponsorship, manipulate the compensation plan or negatively impact another IBO. An existing IBO may not purchase another TLC independent business. Any person or entity selling, transferring or assigning their independent business, assuming they are otherwise in good standing, must wait a period of six months before reapplying to become an IBO.
