Transfers by Owner. Subject to the following Sections, Owner will not effect or permit an Ownership Transfer without Manager’s prior written consent. Manager will not withhold its consent provided that the Ownership Transfer meets the following conditions.
Transfers by Owner. (a) Owner’s rights and obligations under this Charter are not transferable by either sale or assignment without Charterer’s prior written consent, which shall not be unreasonably withheld, and any such attempted transfer without such consent shall be void ab initio.
Transfers by Owner. Any assignment, transfer or disposition by ------------------ Owner or any of its constituent partners of any interest in this Agreement or the Complex, whether voluntary or involuntary, shall require that the assignee, purchaser or recipient thereunder attorn to and be bound by this Agreement. In addition, no assignment, transfer or other disposition of any interest in this Agreement or the Complex shall be permitted if, in the good faith opinion of the Operator, any such proposed assignment, transfer or disposition would jeopardize, restrict, limit or create a right of cancellation of any approval, consent or licensing of Operator or its affiliates by any gaming authorities or other regulatory authorities. Owner agrees to notify Operator in writing at least sixty (60) days prior to any such contemplated assignment, transfer or disposition. In the event of a breach by Owner of the obligations set forth in this Section 12.02, Operator shall have the right, in its sole and absolute ------------- discretion, to elect to terminate this Agreement upon ninety (90) days prior written notice to Owner and it is agreed that any such termination shall not cause or create any liability, responsibility, duty or obligation by Operator to Owner, and Owner shall be deemed to have waived any rights or remedies it may have with respect to such termination. In the event of Operator's election to terminate this Agreement in accordance with the preceding sentence, in additional to any and all other payments and monies owed to Operator, including without limitation, accrued charges with respect to insurance procured by Operator for Owner in accordance with Article Six and accrued and unpaid Basic Management Fees and Complex Incentive Fees, Owner shall be obligated to pay to Operator an amount equal to two (2) times the sum of the Basic Management Fees and Complex Incentive Fees payable by Owner for the immediately preceding fiscal year of Owner.
Transfers by Owner. OWNER shall not sell, transfer, convey, assign, pledge, mortgage, charge or otherwise dispose of (specifically including but not limited to a non-arm's length transaction or gift) or encumber all or any part of its right, title and interest in and to the Property as represented in this Agreement or in and to this Agreement (collectively the "Interest") except as permitted by this Article XI.
Transfers by Owner. Owner shall have the right to transfer and assign, in whole or in part, all its rights and obligations hereunder and in the Building and Property referred to herein, and in such event and upon such transfer owner shall be released from any further obligations hereunder, and Licensee agrees to look solely to such successor in interest of Owner for the performance of such obligations.
Transfers by Owner. Owner shall not cause, permit or suffer a Transfer without the prior written consent of Manager, which may be withheld in Manager’s sole and absolute discretion, provided, however, Owner shall have the right, subject to compliance with Section 11.4 (to the extent applicable), to effect any Transfer upon satisfaction of the following conditions:
Transfers by Owner. Except as otherwise provided in this Agreement, the Owner shall not sell, assign, transfer, borrow against, surrender or cancel the Policy (or any portion thereof or interest therein) without the express written consent of the Employer, which consent may be withheld in the Employer’s sole and absolute discretion. Notwithstanding the forgoing, the Owner may irrevocably and gratuitously assign its interest in the Policy (without the express consent of the Employer but with prompt notice to the Employer and subject to all rights of the Employer pursuant to this Agreement) to any trust of which the Owner is the grantor.
Transfers by Owner. If at any time during the term of this Agreement (a) Owner shall be desirous of selling or assigning the whole or a majority part of its interest in the Complex or (b) by virtue of the exercise of rights by the holder of a mortgage or such similar encumbrance Owner shall be required to part with the whole or a majority part of its interest in the Complex, Owner shall so notify Operator in writing. The assignee, purchaser or recipient in any such assignment or transfer by Owner of a whole or a majority of its interest in this Agreement or the Complex shall be free to either attorn to, and be bound by, this Agreement or terminate this Agreement; provided, however, such assignee, purchaser or transferee shall be deemed to have attorned to, and be bound by, this Agreement if it shall not have provided Operator with written notice of termination within three (3) business days after the effective date of such assignment or transfer. Operator shall have the absolute right to require that any new owner or holder of less than a majority interest shall be bound by the terms of this Agreement. Any assignment or transfer by Owner of less than a majority interest in this Agreement or the Complex, whether voluntary or involuntary, shall require that the assignee, purchaser or recipient thereunder shall attorn to and be bound by this Agreement.
Transfers by Owner. (a) Owner may directly or indirectly assign, dispose of, encumber, pledge or otherwise transfer the Project or any of its interest in the Project or this Agreement (“Transfer”) without the prior written consent of Operator.
Transfers by Owner
