TRANSFER OF UNDIVIDED INTEREST Sample Clauses

TRANSFER OF UNDIVIDED INTEREST. When the Lender sells and conveys to us a participation interest in one or more mortgages, this is a transfer of an undivided interest in each mortgage. The sale and conveyance of the participation interest will have the same force and effect as:
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TRANSFER OF UNDIVIDED INTEREST. 5 SECTION 10. INSPECTION................................................5
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TRANSFER OF UNDIVIDED INTEREST. The Head Lessor acknowledges that (x) the Head Lessee shall have the right to transfer and convey the Undivided Interest and any interest therein under and in accordance with Sections 10.2, 13.2, 14.4, 15.3, 17.1(c), 17.1(e) and 18 of the Facility Lease in connection with the Head Lessee's transfer thereunder of the Facility Lessor's Rocky Mountain Interest, and the Head Lessee and the Head Lessor agree to comply with the provisions of the applicable section of the Facility Lease in connection with such transfer to the extent required by the provisions of each such Section and (y) the Head Lessee's interest hereunder may be transferred to the Lender or any Affiliate of the Lender or any other Person who is the purchaser thereof in foreclosure, of the security title of the Deed to Secure Debt or the Lien of the Loan Agreement or by deed in lieu of any such foreclosure or after any such foreclosure or deed in lieu of foreclosure. The Head Lessor acknowledges that the Undivided Interest will be leased by the Facility Sublessor to the Facility Sublessee pursuant to the Facility Sublease and that the Facility Sublessor shall have the right to transfer and convey the Undivided Interest and any interest therein under and in accordance with Sections 10.2, 13.2, 14.3, 17.1(c), 17.1(e) or 18 of the Facility Sublease in connection with the Facility Sublessor's transfer thereunder of the Facility Sublessor's Rocky Mountain Interest.
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Related to TRANSFER OF UNDIVIDED INTEREST

  • 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 Units 10.3.1 Units may be transferred only in the manner described in Article 9.2. The transfer of any Units and the admission of any new Partner shall not constitute an amendment to this Agreement.

  • Transfer of Membership Interests (a) The Member may transfer its Membership Interest, in whole but not in part, but the transferee shall not be admitted as a Member except in accordance with Section 6.07. Until the transferee is admitted as a Member, the Member shall continue to be the sole member of the Company (subject to Section 1.02) and to be entitled to exercise any rights or powers of a Member of the Company with respect to the Membership Interest transferred.

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

  • Assignment of Membership Interest Contributor shall have executed and delivered to Acquirer an Assignment and Assumption Agreement, in substantially the form of Exhibit A attached hereto (the "Assignment and Assumption Agreement");

  • Transfer of Note Each provision of this Note shall be and ---------------- remain in full force and effect notwithstanding any negotiation or transfer hereof and any interest herein to any other Holder or participant.

  • Transfer of Beneficial Interests in the Same Global Note Beneficial interests in any Global Note may be transferred to Persons who take delivery thereof in the form of a beneficial interest in a Global Note. No written orders or instructions will be required to be delivered to the Registrar to effect the transfers described in this Section 2.06(b)(1).

  • Membership Interest The Member shall own one hundred percent (100%) of the membership interests in the LLC, and all profits and losses shall be allocated to the Member.

  • 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.

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