Transfer of Security. If any security be given by Lessee to secure the faithful performance of all or any of the covenants of this Lease on the part of Lessee, Lessor may transfer and/or deliver the security, as such, to the purchaser of the reversion, in the event that the reversion be sold, and thereupon Lessor shall be discharged from any further liability in reference thereto, upon the assumption by such transferee of lessor's obligations under this Lease.
Transfer of Security. Costs; Publication) of this Agreement.
Transfer of Security. If Borrower sells, assigns, or transfers any interest in any collateral for the loan, Lender may apply the funds in the Program account to the remaining loan balance.
Transfer of Security. In the event of any transfer of title to the Property or the Building or any assignment of Landlord’s interest under this Lease, Landlord will have the right to transfer the Security to such transferee, provided that Landlord gives Tenant the name and address of such transferee. Following any such transfer of the Security, Landlord will be automatically released from all liability for the return of the Security. The provisions of this Section 28.4 will apply to every transfer of the Security to a new transferee.
Transfer of Security. If Royal Bank of Canada, in its capacity as Agent, or any successor thereto, in its capacity as Agent ceases to be the Agent (the “Departing Agent”), the Departing Agent shall transfer and assign all of its right, title and interest in its capacity as Agent in and to the Security to the Successor Agent and the provisions of Section 10.2 shall apply, mutatis mutandis, with respect to such assignment and transfer.
Transfer of Security. (a) The Chargee may at any time without the consent or concurrence of the Chargor transfer the benefit of this Charge to any person. In the event such assignment and/or transfer is to the detriment of the Chargor (whether financial or otherwise), the Chargee shall obtain a prior written consent from the Chargor.
(b) All cost and expenses of the Chargee and or the transferee of and incidental to such transfer shall be payable by the Chargor and any statement or recital in the documents of transfer of the amount then due to the Chargee under and by virtue of this Charge shall be prima facie evidence that such amounts is in fact due and shall be conclusive and binding on the Chargor.
(c) The Chargor shall not assign or transfer any of its rights and obligations hereunder without the consent of the Chargee.
Transfer of Security. If The Bank of Nova Scotia, in its capacity as Agent, or any successor thereto, in its capacity as Agent ceases to be the Agent (the “Departing Agent”), the Departing Agent shall transfer and assign all of its right, title and interest in its capacity as Agent in and to the Security to the Successor Agent and the provisions of Section 11.2 shall apply, mutatis mutandis, with respect to such assignment and transfer.
Transfer of Security. In the event any security be given by the Lessee to secure the faithful performance of this lease, Lessor shall not be chargeable with interest thereon, and in the event of a sale of said premises he may transfer such security to the purchaser and be relieved of further liability therefor.
Transfer of Security. If TD, in its capacity as Agent, or any successor thereto, in its capacity as Agent (the “Departing Agent”) ceases to be the Agent, the Departing Agent shall transfer and assign all of the Security to the replacement agent or, if the Credit Facility has been repaid and cancelled, to the Swap Lenders.
Transfer of Security. (a) The address mentioned in the schedule hereunder written or the property address described in the schedule. If and in case AHFL desires to avail of refinancing facilities from any financial institution, bank or body corporate, AHFL shall be at liberty without any reference to the Borrower, to transfer the security obtained from the Borrower in pursuance of this Agreement either by way of transfer or mortgage or sub -mortgage or otherwise as such financial institution, bank or body corporate may require and the provision contained in this sub-articles shall be deemed to be unequivocal consent on the part of the Borrower for creation of such transfer or mortgage or sub-mortgage or otherwise as the case may be.
(b) AHFL shall be entitled to sell, transfer, mortgage, create lien or charge or otherwise deal with and dispose of the security in respect of the said loan and AHFL's claim in respect of the said Loan, interest, commitment and other charges and other amounts due and payable by the Borrower to AHFL hereunder with or without security without any reference to and /or consent and/or concurrence of the Borrower. The Borrower hereby accords his unequivocal consent to AHFL doing so .
(c) In both or either of the above events, the Borrower shall continue to remain bound by the terms and conditions of this Agreement as if the transferee, mortgagee, and charge holder from AHFL as contemplated herein was the originally party to this Agreement in the place and instead of AHFL and the Borrower shall not in any manner whatsoever contend that he is discharged from his obligation under this Agreement for any reason whatsoever.
(d) On death of the Borrower or any of the joint/Co-Borrower(s), the survivor(s) or the legal heirs of the sole Borrower shall immediately thereafter inform AHFL in writing about the date of death of such Borrower along with name and address of heirs of the deceased Borrower.
