Absolute Transfer definition
Examples of Absolute Transfer in a sentence
The foregoing right of Lessor is subject, in the case of an Absolute Transfer (as defined below), to Lessor's compliance with the requirements of Section 14.1.3 or absent such compliance, to receipt of Lessee's consent (such consent not to be unreasonably withheld).
Subject to Lessor’s obligations to return or repay the Security Deposit, the Security Deposit may be assigned, charged or pledged by Lessor to another Person in connection with an Absolute Transfer or Security Transfer permitted under Section 14.1. The Security Deposit may be commingled by Lessor or such other Person with its own general other funds during the Lease Term.
Notwithstanding anything in this Guarantee or in any other Operative Document to the contrary, this Guarantee shall terminate and be of no further force or effect, and Guarantor shall be released from all of its obligations hereunder, to the extent arising from and after, or related to the period after, the date of any Absolute Transfer or Participant Transfer in accordance with the provisions of Section 14 of the Lease.
The present Agreement of Absolute Transfer and Assignment is entered into pursuant to the terms and subject to the Purchase Agreement and it shall not add to or derogate from any of the rights, which the parties have under the Purchase Agreement.
The foregoing right of Lessor is subject (1) in the case of an Absolute Transfer (as defined below), to Lessor's compliance with the requirements of Section 14.1.3 or absent such compliance, to receipt of Lessee's consent (such consent not to be unreasonably withheld) and (2) in all cases, to Lessee receiving from the transferee or assignee a covenant of quiet enjoyment substantially in the form of Section 6.1.1.
Without prejudice to any rights of any Indemnified Party under any Operative Document in effect on or after the occurrence of an Absolute Transfer or Participant Transfer, after such transfer and Lessee shall comply with the terms and conditions of Section 11.3 with respect to “Lessor” or Participant, as the case may be and each other Indemnified Party (as determined immediately prior to such Absolute Transfer) as if the effective date of such transfer were the last day of the Lease Term.