TRANSFER OF INTEREST OF THE OWNER Sample Clauses

TRANSFER OF INTEREST OF THE OWNER. (a) The Owner may assign, convey or otherwise transfer all or any of its right, title and interest in and to this Agreement and the Trust Estate by giving written notice to the Business Trustee specifying (i) the name and address of the proposed transferee, (ii) the effective date of the proposed transfer, and (iii) the percentage of the interest of the Owner to be transferred. Upon any assignment, conveyance or transfer of all of the interest of the Owner, the transferor Owner shall, upon such assignment, conveyance or transfer, be released and discharged without further act or formality whatsoever from the indemnification obligations imposed under Section 6.1 arising after such transfer date, except to the extent that any such transferee shall not have assumed the obligations of the Owner hereunder with respect to such interest so transferred. No such assignment, conveyance or transfer shall violate any legal requirement or laws or create a relationship which would be in violation thereof. The Business Trustee shall not be on notice of or otherwise be bound by any such assignment, conveyance or transfer until the Business Trustee shall have received an executed counterpart of the instrument of such assignment, conveyance or transfer.
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TRANSFER OF INTEREST OF THE OWNER. (a) The Owner may assign, convey or otherwise transfer all or any of its right, title and interest in and to this Agreement and the Trust Estate by giving written notice to the Business Trustee specifying (i) the name and address of the proposed transferee, (ii) the effective date of the proposed transfer, and (iii) the percentage of the interest of the Owner to be

Related to TRANSFER OF INTEREST OF THE OWNER

  • Transfer of Interest The Interest is personal property and may be transferred or assigned, in whole or in part, as permitted by the Equityholders Agreement, in the sole discretion of the Member. Notwithstanding anything to the contrary set forth herein, no Interest in the Company may be issued, transferred or pledged in any manner whatsoever except in compliance with all applicable Gaming Licenses and Gaming Laws, except as contemplated by Section 9.2.

  • Transfer of Interest Amount The Transfer of the Interest Amount will be made on the second Local Business Day following the end of each calendar month and on any other Local Business Day on which Posted Collateral in the form of Cash is Transferred to the Pledgor pursuant to Paragraph 3(b); provided, however, that the obligation of Party B to Transfer any Interest Amount to Party A shall be limited to the extent that Party B has earned and received such funds and such funds are available to Party B.

  • Transfer of Interests The Member may sell, assign, pledge, encumber, dispose of or otherwise transfer all or any part of the economic or other rights that comprise its Interest. The transferee shall have the right to be substituted for the Member under this Agreement for the transferor if so determined by the Member. No Member may withdraw or resign as Member except as a result of a transfer pursuant to this Section 7 in which the transferee is substituted for the Member. None of the events described in Section 18-304 of the Act shall cause the Member to cease to be a Member of the Company.

  • Certificate and Transfer of Interest 8 SECTION 3.1. Initial Ownership..................................................... 8 SECTION 3.2. The Certificate....................................................... 8 SECTION 3.3. Authentication of Certificate......................................... 8 SECTION 3.4. Registration of Transfer and Exchange of Certificate.................. 9 SECTION 3.5. Mutilated, Destroyed, Lost or Stolen Certificates..................... 9 SECTION 3.6.

  • Residual Interest and Transfer of Interests 6 Section 3.1. The Residual Interest. 6

  • Transfer of Interest in Agreements The Purchaser has the right to assign its interest under this Agreement, in whole or in part, to the Trustee, as may be required to effect the purposes of the Pooling and Servicing Agreement, without the consent of the Seller, and the assignee shall succeed to the rights and obligations hereunder of the Purchaser. Any expense reasonably incurred by or on behalf of the Purchaser or the Trustee in connection with enforcing any obligations of the Seller under this Agreement will be promptly reimbursed by the Seller.

  • Certificates and Transfer of Interests 9 Section 3.1 Initial Ownership 9 Section 3.2 The Certificates 9 Section 3.3 Authentication of Certificates 10 Section 3.4 Registration of Certificates; Transfer and Exchange of Certificates 10 Section 3.5 Mutilated, Destroyed, Lost or Stolen Certificates 12 Section 3.6 Persons Deemed Owners 13 Section 3.7 Access to List of Certificateholders’ Names and Addresses 13 Section 3.8 Maintenance of Office or Agency 14 Section 3.9 Appointment of Paying Agent 14

  • Rates and Payment of Interest (a) The Obligations shall bear interest (i) if a Base Rate Loan, at the Base Rate in effect from time to time, plus the Applicable Margin; (ii) if a LIBOR Loan, at LIBOR for the applicable Interest Period, plus the Applicable Margin; and (iii) if any other Obligation (including, to the extent permitted by law, interest not paid when due), at the Base Rate in effect from time to time, plus the Applicable Margin for Base Rate Revolver Loans. Interest shall accrue from the date the Loan is advanced or the Obligation is incurred or payable, until paid by Borrowers. If a Loan is repaid on the same day made, one day’s interest shall accrue.

  • Trust Certificates and Transfer of Interests Section 3.01 [Reserved].

  • Transfer of Optioned Interests For each exercise of the Equity Interest Purchase Option:

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