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. 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 an Independent Novae Business
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 of a Scentsy Family Business
a) Protection of the existing line of Sponsorship must always be maintained so that the Scentsy Family business continues to be operated in that line of Sponsorship. The buyer must, in the opinion of Xxxxxxx Family, be qualified and have the skills, resources, and experience to appropriately carry on the seller‘s business and to manage the seller‘s downline.
b) The buyer or transferee must be (or must become) a qualified Scentsy Family Consultant and be approved by Scentsy Family. If the buyer is a current Scentsy Family Consultant, he or she must first terminate their Scentsy Family business simultaneously with the purchase, transfer, assignment, or acquisition of any interest in the new Scentsy Family business.
c) Before the sale, transfer, or assignment can be finalized and approved by Scentsy Family, any debt obligations the selling Consultant has with Scentsy Family must be satisfied.
d) The selling Consultant 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 Scentsy Family business.
e) The seller agrees not to compete by joining another direct selling company for a period of twelve (12) months following the effective date of the transfer. Any violation will result in the cancellation of the transferred account and disputes arising from the violation are between buyer and seller. Both buyer and seller must agree in writing to this provision.
f) Both the Seller and the Buyer must execute the Account Transfer Form, agreeing to the terms set forth here (located in the Resources tab, Business Builders section, in your Workstation) and email it to xxxxxxxxxxxxxxx@xxxxxxx.xxx. Prior to selling your Scentsy Family business, you must notify Scentsy Family‘s Account Services Department of your intent to sell. Upon complete execution of the purchase and sale agreement, you must submit a copy of it to Scentsy Family for review. Scentsy Family reserves the right to request additional documentation that may be necessary to analyze the transaction between the buyer and seller. Scentsy Family will, at its sole and absolute discretion, approve or deny the sale, transfer, or assignment. If you fail to obtain Scentsy Family‘s approval for the transaction, the transfer shall be voidable at Scentsy Family‘s option. The purchaser of the existing Scentsy Family business will assume the obligations and position of the selling Consultant. Additionally, if you ...
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. 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.
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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.
(b) Any conveyance by Legends of any interest in the Surface Premises shall be subject to this Agreement and shall be binding upon CAR provided the assignee or transferee agrees in writing to be bound by and comply with all of the terms and conditions of this Agreement.
(c) Subject to the provisions of Section 13(a), nothing in this Agreement shall restrict CAR from pledging, mortgaging, or otherwise encumbering its leasehold rights hereunder for financing purposes.
(d) Any transfer or assignment of this Agreement by CAR not authorized by this Section 13, whether voluntary, by operation of law or otherwise, without the consent in writing required by this Section shall be absolutely void and shall constitute an event of default by CAR under Section 11.
(e) In the event that Legends desires to sell, transfer, or encumber the Surface Premises or any part thereof, Legends shall notify in writing the prospective purchaser...
