Transfer Permitted. All or a portion of the Member's membership interest in the Company may be disposed of in any manner provided by law, and, upon such disposition, the transferee shall become a Member without further action on the part of the transferee, the Company or the Member.
Transfer Permitted. A homeowner may transfer the homeowner’s owner- ship interest in the unit, subject to the right to purchase under paragraph (i)(2) of this section, the requirement for the purchaser to execute a promissory note, if required under paragraph (i)(3) of this section and the restrictions on retention of sales proceeds in para- graph (k) of this section. An applicant may propose in its application, and HUD may approve, reasonable restric- tions on the resale of units under the program.
Transfer Permitted. Notwithstanding any provision of this Article 6 or any provision of the Security Instrument to the contrary, a Tax-Free Exchange Transfer shall not constitute an Event of Default, subject to the following terms and conditions:
(i) Borrower shall provide Xxxxxx Xxx with not fewer than ten (10) days prior written notice of each proposed Tax-Free Exchange Transfer, which notice must be accompanied by copies of the form of all Transfer Documentation;
(ii) Borrower shall obtain Xxxxxx Mae’s approval of the form and substance of all Transfer Documentation;
(iii) At the time of the proposed Tax-Free Exchange Transfer, no Event of Default or Potential Event of Default shall have occurred or be continuing;
(iv) Borrower shall pay to Xxxxxx Xxx the cost of all title searches, title insurance and recording costs, and all out of pocket costs of Xxxxxx Mae related to the Tax-Free Exchange Transfer, to the extent required;
(v) Borrower shall reaffirm in writing its obligations under the Note, this Agreement, the applicable Security Instrument, and the other Loan Documents and the Guaranty, and shall acknowledge and confirm that each such document remains in full force and effect, by executing a confirmation of such obligations in form satisfactory to Xxxxxx Xxx simultaneously with the completion of each Tax-Free Exchange Transfer;
(vi) Borrower shall provide Xxxxxx Mae with confirmation of the termination, effective simultaneously with each Tax-Free Exchange Transfer, of any lease or other agreement between EAT and Ultimate Owner with respect to the use, occupancy or beneficial ownership of the applicable Mortgaged Property; provided, however, that if such lease provides for automatic termination upon consummation of the Tax-Free Exchange Transfer of the affected Mortgaged Property, such confirmation shall not be necessary but Borrower shall deliver to Xxxxxx Xxx promptly upon request such written confirmation or other assurances from the EAT that such lease has terminated);
(vii) All Tax-Free Exchange Transfers must occur on or prior to the Outside Transfer Date;
(viii) Borrower, and any general partner of a Borrower that is a limited partnership, shall at all times be a Single Purpose entity, and the Organizational Documents of each EAT that holds Ownership Interests in a Borrower shall not be amended without the prior written consent of Xxxxxx Mae;
(ix) concurrently with the effectiveness of each Tax-Free Exchange Transfer, the applicable Borrower Organizational Docu...
Transfer Permitted. If Members Consent 15 ------------------------------------- 7.5........................................
Transfer Permitted. A Member may transfer its interest in the Company at any time without restriction.
Transfer Permitted. The QDIA permits a Participant or Beneficiary to transfer, in whole or in part, his or her investment from the QDIA to any other investment alternative available under the Plan, pursuant to the rules of Department of Labor Regulation §2550.404c–5(c)(5);
Transfer Permitted. The prior and preferential right of the Owners to purchase the interest of any Owner desiring to sell or transfer all or any part of its Ownership Interest shall not apply to (a) a transfer occurring by reason of the merger or reorganization of any Owner, (b) a transfer by any Owner to any Affiliate or to all of its shareholders (c) a transfer in connection with a sale or other conveyance of all or substantially all of the assets of any corporate Owner, (d) a transfer of an interest (i) to Mont Belvieu Associates (a Texas general partnership) which is not more than fifty percent (50%) of the total Ownership Interests and which is made of even date, and (ii) by Mont Belvieu Associates of all or any part of its Ownership Interest to Tenneco or Enterprise, or (e) a transfer of an interest which (i) is not more than twelve and one-half percent (12.5%) of the total Ownership Interests, and (ii) is sold, transferred or assigned to El Paso on or before December 31, 1986.
Transfer Permitted. Notwithstanding the above restrictions, and provided no Event of Default has occurred and remains uncured, Mortgagee will approve one and only one transfer of the Premises at any time and will not require modification of the interest rate or maturity date stated in the Note, provided:
(a) The transfer shall be to a reputable and competent transferee who Mortgagee determines, in its sole discretion, (i) has experience in the business of owning commercial real estate of similar type, size and quality to the Premises and has a favorable reputation, with respect to such business; and
Transfer Permitted. The Parties agree, subject only to such restrictions as may be imposed by Chinese law from time to time and the terms and conditions hereunder, that either Party may transfer any or all of its Interest to the other Party or to a third party. Before finishing contributing registered capital, any party shall not transfer its Interest to the other Party.
Transfer Permitted. Notwithstanding the foregoing, if the Company and the Marital Party do not accept the Offer of Sale with respect to, and purchase, all (and not less than all) of the Offered Shares as contemplated above, then the Transferor may, within the sixty (60) day period commencing on the expiration of the ninety (90) day period during which the Offer of Sale may be accepted pursuant to Section 2.2 hereof, Transfer the Offered Shares to the Unrelated Transferee at a price not less than the Transfer Price, payable pursuant to terms and conditions which are no more favorable to the Unrelated Transferee than those specified in the Offer of Sale, subject to the right of the Stockholders pursuant to Section 3, below. In such event, the Shares Transferred will no longer be subject to, and the holder thereof will no longer be bound by or receive the benefit of, the terms of this Agreement.
