Transfers and Liens of Franchise Sample Clauses

Transfers and Liens of Franchise. Subject to this Article 3, Club may, from time to time, make a Transfer or xxxxx x Xxxx; provided, however, that any such Transfer or grant of a Lien shall be (A) conditioned on the Person who acquires the Team or holds any Lien being approved by MLB in accordance with MLB Rules as an owner of the Team or the holder of a Lien and (B) made or granted subject to the requirements and obligations of Club under this Agreement, including compliance in all respects with the Non-Relocation Covenants, so that any Person who acquires the Franchise (including, if applicable, MLB), by Transfer or pursuant to any foreclosure or other action against any such Lien, shall acquire and take the Club Property subject to all of the Non-Relocation Covenants and the other terms of this Agreement. Such Person shall thereafter be deemed to be "Club" for purposes of this Agreement. No Transfer (including, if applicable, to MLB) or grant of a Lien shall change, limit, release or otherwise affect the obligations of Club under this Agreement, except as provided in Section 3.3. Any Transfer made or Lien granted contrary to this Article 3 is void.
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Related to Transfers and Liens of Franchise

  • ENCUMBRANCES AND LIENS The Contractor shall not cause or permit any lien, attachment or other encumbrance by any person to be placed on file or to remain on file in any public office or on file with UNDP against any monies due to the Contractor or that may become due for any work done or against any goods supplied or materials furnished under the Contract, or by reason of any other claim or demand against the Contractor or UNDP.

  • Taxes and Liens The following provisions relating to the taxes and liens on the Property are part of this Mortgage:

  • TRANSFERS AND PROMOTIONS Section 1. Notices of lateral transfer opportunities shall be posted for at least five (5) days on division bulletin boards and in branch offices. If an employee desires to transfer, he/she must submit a written request to Human Resources.

  • Liens Create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than the following:

  • Transfers and Reassignments Definitions "Headquarters" means a locality and its contiguous territory in and from which an employee normally works as provided in Attachment B of this Agreement.

  • Transfers Without Posting (a) Lateral transfers or voluntary demotions may be granted, without posting for:

  • Assignments and Transfers No Party may assign any of its rights and benefits or transfer any of its rights, benefits and obligations in respect of any Debt Documents or the Liabilities except as permitted by this Clause 19.

  • Bills and Liens Contractor shall pay promptly all indebtedness for labor, materials and equipment used in performance of the Work. Contractor shall not permit any lien or charge to attach to the Work or the premises, but if any does so attach, Contractor shall promptly procure its release and, in accordance with the requirements of Article 22 above, indemnify, defend, and hold County harmless and be responsible for payment of all costs, damages, penalties and expenses related to or arising from or related thereto.

  • Transfers and Vacancies A. Transfers

  • Taxes and Licenses Lessee must cause to be paid any and all taxes of whatever character, including ad valorem and intangible taxes, that may be levied or charged upon the Premises, leasehold improvements, or operations hereunder and upon Lessee's rights to use the Premises, whether the taxes are assessed against Lessee or City, prior to the past due date. Lessee shall cause to be paid any and all sales taxes arising in connection with the occupancy or use of the Premises whether the taxes are assessed against the Lessee, any sublessee or City. Lessee must obtain and pay for all licenses or permits necessary or required by law for the construction of improvements and must require any sublessee to must obtain and pay for all licenses and permits necessary or required by law for the installation of equipment and furnishings, and any other licenses necessary for the conduct of its operations hereunder. If Lessee or any sublessee wishes to contest any tax or charge, that contest will not be a default under the Lease so long as Lessee or sublessee diligently prosecutes the contest to conclusion and promptly pays whatever tax is ultimately owed. Further, Lessee shall cause any taxes not being contested to be paid prior to the past due date.

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