Common use of Transfer of Ownership of Grantor Clause in Contracts

Transfer of Ownership of Grantor. The sale, pledge, encumbrance, assignment or transfer, voluntarily or involuntarily, whether by operation of law or otherwise, of any interest in Grantor (if Grantor is not a natural person but is a corporation, partnership, limited liability company, trust or other legal entity), without the prior written consent of Holder (including, without limitation, if Grantor is a partnership, limited liability company or joint venture, the withdrawal from or admission into it of any partner, member or joint venturer); provided, however that no sale, pledge, encumbrance, assignment or transfer of any interest in Grantor shall be a default of this County Deed of Trust if such sale, pledge, encumbrance, assignment or transfer of any interest in Grantor is permitted pursuant to Section 5.03 of the Loan Agreement.

Transfer of Ownership of Grantor. The sale, pledge, encumbrance, assignment or transfer, voluntarily or involuntarily, whether by operation of law or otherwise, of any interest in Grantor (if Grantor is not a natural person but is a corporation, partnership, limited liability company, trust or other legal entity), without the prior written consent of Holder (including, without limitation, if Grantor is a partnership, limited liability company or joint venture, the withdrawal from or admission into it of any partner, member or joint venturer); provided, however that no sale, pledge, encumbrance, assignment or transfer of any interest in Grantor shall be a default of this County Amended and Restated Deed of Trust if such sale, pledge, encumbrance, assignment or transfer of any interest in Grantor is permitted pursuant to Section 5.03 of the Amended and Restated Loan Agreement.

Transfer of Ownership of Grantor. The sale, pledge, encumbrance, assignment or transfer, voluntarily or involuntarily, whether by operation of law or otherwise, of any interest in Grantor (if Grantor is not a natural person but is a corporation, partnership, limited liability company, trust or other legal entity), without the prior written consent of Holder (including, without limitation, if Grantor is a partnership, limited liability company partnership or joint venture, the withdrawal from or admission into it of any partner, member general partner or joint venturer); provided, however that no sale, pledge, encumbrance, assignment or transfer of any interest in Grantor shall be a default of this County Amended and Restated Deed of Trust if such sale, pledge, encumbrance, assignment or transfer of any interest in Grantor is permitted pursuant to Section 5.03 of the Loan Agreement.