Transfer or Conveyance Sample Clauses
The Transfer or Conveyance clause defines the process by which ownership or rights in property, assets, or interests are formally passed from one party to another. Typically, this clause outlines the necessary steps, documentation, and conditions required for a valid transfer, such as executing deeds, obtaining consents, or fulfilling regulatory requirements. Its core function is to ensure that the transfer of rights or property is legally effective and clearly documented, thereby preventing disputes over ownership and clarifying the responsibilities of each party involved.
Transfer or Conveyance. Neither Borrower nor Guarantor shall, voluntarily or by operation of law, sell, convey, transfer or encumber, or permit to be sold, conveyed, transferred or encumbered, any interest in or any part of the Property without the written consent of Lender having been first obtained, which consent will not be unreasonably withheld, conditioned or delayed. Any prohibited transaction under this paragraph shall be null and void as to Lender.
Transfer or Conveyance. Voluntarily or by operation of law, directly or indirectly sell, convey, transfer or permit to be sold, conveyed or transferred, any interest in or any part of the Premises, nor shall a direct or indirect sale, pledge or other transfer of any controlling interest in Borrower, including without limitation the direct or indirect transfer of, or the granting of a security interest in, the ownership of the controlling interests in Borrower as of the Effective Date or the voting rights of such controlling interests in the Borrower, be effected or allowed, through any type of secondary financing, additional financing, alternate financing, mezzanine financing or the like, without the prior written consent of the Lender having been first obtained. Any prohibited transaction under this Section 6.10 shall be null and void.
Transfer or Conveyance. Other than as permitted or ---------------------- -44- contemplated in the First Mortgage or Second Mortgage and other than the rental, in the ordinary course of business, of units in the Improvements, assign, sell, transfer or otherwise convey any of its right, title and interest in any property whether real or personal (including, without limitation, the Collateral); guarantee or become otherwise primarily, secondarily or contingently liable for the payment of any obligation of a third party; incur any debt except for liabilities incurred in the ordinary course of business; or create or suffer to be created any mortgage, pledge, security interest, encumbrance or other lien on any property encumbered by the Security Documents.
Transfer or Conveyance. Borrower will not sell, convey, transfer, ---------------------- or permit to be sold, conveyed, or transferred, any interest in or any part of the Premises, and except as permitted in the Mortgage, no voluntary sale, pledge, or other transfer of any interest in Borrower shall be effected, without the prior written consent of Lender.
Transfer or Conveyance. Borrower shall not, voluntarily or by operation of law, sell, convey or transfer, or permit to be sold, conveyed or transferred, any interest in or any part of the Project or any shares of Borrower, provided, however, that Borrower shall not be prohibited or constrained from selling, transferring or conveying any shares of Borrower to any member of the ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ family, provided they provide prior written notice of such transfer to Lender. Any prohibited transaction under this paragraph shall be null and void as to Lender.