Transfer of Grantor’s Interest Sample Clauses

Transfer of Grantor’s Interest. Grantor shall have the right, from time to time, to assign its interest in this Agreement in whole or, to a wholly owned subsidiary, in part. Notwithstanding the foregoing, in connection with any assignment in part to a wholly-owned subsidiary, (i) Grantor shall provide a written notice to Grantee specifying the rights and obligations so assigned and (ii) Grantor shall guaranty the performance of the obligations assigned to such wholly-owned subsidiary; provided, however, Grantor’s maximum liability under such guaranty shall not exceed the maximum liability it would have had under this Agreement if such obligations had not been assigned. Grantor, and each successor to Grantor, shall be fully released from the performance of Grantor’s obligations under the Agreement Documents arising after the date of such transfer of Grantor’s interest in the Property to a third party, provided that Grantor’s transferee assumes all of Grantor’s obligations under the Agreement Documents. Provided that Grantor’s transferee assumes all obligations of Grantor under the Agreement Documents, Grantor shall not be liable for any obligation under the Agreement Documents arising after the date of such transfer of its interest in the Property, and Grantee agrees to look solely to the successor in interest of Grantor in and to this Agreement for all obligations and liabilities accruing on or after the date of such transfer. If any security has been given by Grantee to secure the faithful performance of any of the covenants of this Agreement, Grantor may transfer or deliver said security, as such, to Grantor’s successor in interest and thereupon Grantor shall be discharged from any further liability with regard to said security.
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Transfer of Grantor’s Interest. This Easement shall continue as a servitude running in perpetuity with the Property. Any deed or other legal instrument by which Grantor divests itself of any interest in all or any portion of the Property, including, without limitation, a leasehold interest, shall be subject to this Easement and shall transfer any and all obligations of the Grantor as set forth herein. Upon Grantor’s conveyance of title to the Property, the Grantor shall be released from its obligations under this Easement with respect to the portion of the Property covered by such conveyance.
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Transfer of Grantor’s Interest. Grantors agrees that Grantee shall record the Amended and Restated Conservation Easement Agreement and that the terms thereof shall be referenced in any subsequent deed or other legal instrument which conveys either the fee simple title or possessory interest in the subject Property. Grantors further agrees to give written notice to Grantee of the transfer of any interest at least thirty (30) days prior to the date of such transfer or such shorter period to which Grantee may agree. The failure of Grantors to perform any act required by this Paragraph 13 shall not impair the validity of the Easement or limit its enforceability in any way.
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Related to Transfer of Grantor’s Interest

  • Transfer of Collateral In connection with the transfer or assignment of the Note (whether by negotiation, discount or otherwise), the Company may transfer all or any part of the Collateral, and the transferee shall thereupon succeed to all the rights, powers and remedies granted the Company hereunder with respect to the Collateral so transferred. Upon such transfer, the Company shall be fully discharged from all liability and responsibility for the transferred Collateral.

  • Transfers of Pledged Collateral No Pledgor shall sell, convey, assign or otherwise dispose of, or grant any option with respect to, any of the Pledged Collateral pledged by it hereunder except as permitted by the Credit Agreement.

  • Transfer of Equity Interest Upon each exercise of the Option under this Agreement:

  • Possession and Transfer of Collateral Unless an Event of Default exists hereunder, the Borrower shall be entitled to possession or use of the Collateral (other than Instruments or Documents, Tangible Chattel Paper, Investment Property consisting of certificated securities and other Collateral required to be delivered to the Bank pursuant to this Section 6). The cancellation or surrender of any Note, upon payment or otherwise, shall not affect the right of the Bank to retain the Collateral for any other of the Obligations. The Borrower shall not sell, assign (by operation of law or otherwise), license, lease or otherwise dispose of, or grant any option with respect to any of the Collateral, except that the Borrower may sell Inventory in the ordinary course of business and may sell property, plant and Equipment in the ordinary course of business.

  • Transfer of Landlord’s Interest Tenant acknowledges that Landlord has the right to transfer all or any portion of its interest in the Project or Building and in this Lease, and Tenant agrees that in the event of any such transfer, Landlord shall automatically be released from all liability under this Lease and Tenant agrees to look solely to such transferee for the performance of Landlord’s obligations hereunder after the date of transfer and such transferee shall be deemed to have fully assumed and be liable for all obligations of this Lease to be performed by Landlord, including the return of any Security Deposit, and Tenant shall attorn to such transferee.

  • Sale and Transfer of Assets Subject to the terms and conditions set forth in this Agreement, Seller agrees to sell, convey, transfer, assign and deliver to Buyer (or a wholly-owned subsidiary of Buyer), and Buyer agrees to purchase from Seller, all the assets, properties, and business of Seller used in the Business of every kind, character, and description, whether tangible, intangible, real, personal, or mixed, and wherever located, all of which are collectively referred to herein as the “Purchased Assets", including but not limited to, the following:

  • Transfer of Membership Interest The Sole Member may Transfer any part or all of its rights and interest (including, but not limited to, its Capital Account) in the Company (each a “Membership Interest”) now owned or hereafter acquired to any Person, and the transferee of such Membership Interest shall become a Member of the Company.

  • Transfer of the Property Any sale, lease, conveyance, assignment, pledge, encumbrance, or transfer of all or any part of the Property or any interest therein, voluntarily or involuntarily, whether by operation of law or otherwise, except: (i) sales or transfers of items of the Accessories which have become obsolete or worn beyond practical use and which have been replaced by adequate substitutes, owned by Mortgagor, having a value equal to or greater than the replaced items when new; and (ii) the grant, in the ordinary course of business, of a leasehold interest in a part of the Improvements to a tenant for occupancy, not containing a right or option to purchase and not in contravention of any provision of this Mortgage or of any other Loan Document. Mortgagee may, in its sole discretion, waive a default under this paragraph, but it shall have no obligation to do so, and any waiver may be conditioned upon such one or more of the following (if any) which Mortgagee may require: the grantee’s integrity, reputation, character, creditworthiness and management ability being satisfactory to Mortgagee in its sole judgment and grantee executing, prior to such sale or transfer, a written assumption agreement containing such terms as Mortgagee may require, a principal paydown on the Note, an increase in the rate of interest payable under the Note, a transfer fee, a modification of the term of the Note, and any other modification of the Loan Documents which Mortgagee may require. NOTICE - THE DEBT SECURED HEREBY IS SUBJECT TO CALL IN FULL IN THE EVENT OF SALE OR CONVEYANCE OF THE PROPERTY CONVEYED.

  • Transfer of Assets Sell, transfer, lease, or otherwise dispose of any of its assets, except in the ordinary course of business.

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