Exempt Assignment means any of the following assignments:
(i) Any bona fide Leasehold Mortgage;
(ii) The acquisition by any grantee or a Leasehold Mortgagee or its designee of the Company’s interest in this Lease through the exercise of any right or remedy of such Leasehold Mortgagee under a bona fide Leasehold Mortgage, including any assignment of the Company’s interest in this Lease to a Leasehold Mortgagee or its designee made in lieu of foreclosure;
(iii) Any foreclosure sale by any Leasehold Mortgagee pursuant to any power of sale contained in a bona fide Leasehold Mortgage;
(iv) Any sale or assignment of the Company’s interest in this Lease by any Leasehold Mortgagee (or its designee) which has acquired the Company’s interest in this Lease by means of any transaction described above;
(v) Any sale or assignment of the Company’s interest in this Lease to the holder of a Superior Security Document;
(vi) Any sale or assignment of the Company’s interest in this Lease to any Qualified Real Estate Investor (hereinafter defined);
(vii) Any sale or assignment of the Company’s interest in this Lease to any person if (a) the Company or the proposed assignee provides Adequate Financial Assurance (hereinafter defined) of the payment of rent and other financial obligations under this Lease for the period the proposed assignee is the Company under this Lease, and (b) the proposed assignee has sufficient commercial real estate experience with respect to properties similar to the Project to properly manage, or oversee the management of, the Project; and
(viii) Any sale or assignment in connection with any sale/leaseback or other arrangement entered into by the Company in connection with a financing transaction.
(ix) Any sale or assignment to any of the following:
(A) Any savings bank, savings and loan association, commercial bank, or trust company having shareholder equity (as determined in accordance with GAAP accounting) of at least $10,000,000;
(B) Any college, university, credit union, trust or insurance company having assets of at least $10,000,000;
(C) Any employment benefit plan subject to ERISA having assets held in trust of $10,000,000 or more;
(D) Any pension plan established for the benefit of the employees of any state or local government, or any governmental authority, having assets of at least $10,000,000;
(E) Any limited partnership, limited liability company or other investment entity having committed capital of $10,000,000 or more;
(F) Any corporation, limited liabili...
Exempt Assignment shall have the meaning given to such term in Section 14.6(c).
Exempt Assignment means any of the following assignments and assumptions (and any such assignee is an “Exempt Assignee”):
Examples of Exempt Assignment in a sentence
Otherwise, child support will continue based on a formula assessment.
The posts exempt from bidding are: • Control Relief-One Year Post (must rotate out for six months before returning) Control Center Staff on All Shifts Tool and Key Sergeant Post Two (2) Year Exempt Assignment Office 241-2 Segregation Property Officer Control Center Officers must rotate after one (1) year, but Control Center staff will not rotate out at the same time.
The Extension Right is personal to Tenant and may not be exercised by any sublessee or assignee except an assignee by Exempt Assignment.
Debtor has filed all tax returns and reports required by any governmental authority to be filed by Debtor, and such returns and reports are true and correct.
The Association grants to the Council the right to: nominate Lessees for 100% of Initial Lettings pursuant to the provisions of this Deed; and thereafter the right to nominate for 100% of Subsequent Assignments [within the Nomination Period] of each and any Dwelling except where the Dwelling is an Exempt Dwelling or where the proposed assignment of a Dwelling is an Exempt Assignment and pursuant to clause 8.
More Definitions of Exempt Assignment
Exempt Assignment means any of the following assignments:
2.10.7.1. A pledge pursuant to any bona fide mortgage or leasehold mortgage;
2.10.7.2. The acquisition by any mortgagee or leasehold mortgagee or its designee of the leasehold interest through the exercise of any right or remedy of such mortgagee or leasehold mortgagee under a bona fide mortgage or leasehold mortgage, including any assignment of the leasehold interest to a mortgagee or the leasehold mortgagee or its designee made in lieu of foreclosure;
2.10.7.3. Any foreclosure sale by any mortgagee or leasehold mortgagee pursuant to any power of sale contained in a bona fide mortgage or leasehold mortgage;
2.10.7.4. Any sale or assignment of the leasehold interest by any mortgagee or leasehold mortgagee (or its designee) which has acquired the leasehold interest by means of any transaction described above; and
2.10.7.5. Any sale or assignment of the leasehold interest to any person or entity if, (1) the financial condition of the proposed assignee is satisfactory to the Authority, and (2) the proposed assignee possesses experience for the operation of the Project that is satisfactory to the Authority.
Exempt Assignment has the meaning set forth in Section 9.8 of this Lease. “Financing Statements” means any and all financing statements (including continuation statements) filed for record from time to time to perfect the Security Interests created by the Indenture.
Exempt Assignment means any of the following assignments:
(i) Any bona fide Leasehold Mortgage;
(ii) The acquisition by any Leasehold Mortgagee or its designee of the leasehold interest through the exercise of any right or remedy of such Leasehold Mortgagee under a bona fide Leasehold Mortgage, including any assignment of the leasehold interest to the Leasehold Mortgagee or its designee made in lieu of foreclosure;
(iii) Any foreclosure sale by any Leasehold Mortgagee pursuant to any power of sale contained in a bona fide Leasehold Mortgage;
(iv) Any sale or assignment of the Leasehold by any Leasehold Mortgagee (or its designee) which has acquired the Leasehold by means of any transaction described above;
(v) Any sale or assigrunent of the leasehold interest to any Qualified Real Estate Investor; and
(vi) Any sale or assignment of this Lease to any person or entity if (a) Lessee or the proposed assignee provides Adequate Financial Assurance (defined below) of the payment of rent and other financial obligations under the Lease for the period the proposed assignee is the Lessee under the Lease, and (b) the proposed assignee has sufficient commercial real estate experience with respect to housing to properly manage, or oversee the management of, the Project.
Exempt Assignment means an assignment to an Eligible Assignee that, pursuant to the terms of such assignment, restricts the rights of such assignee with respect to the approval of any amendment, modification or waiver of any provisions of the Loan Documents to rights that may be granted to a Participant in accordance with Section 9.04(e).
Exempt Assignment means an assignment pursuant to the terms of a Shared Ownership Lease: where the assignment is by operation of law and the Lessee is not obliged to notify the Association to nominate an Assignee; or where the Lessee may notify the Association to nominate an Assignee but elects not to do so.
Exempt Assignment means any of the following assignments:
(i) Any bona fide mortgage or leasehold mortgage;
(ii) The acquisition by any mortgagee or leasehold mortgagee or its designee of the leasehold interest through the exercise of any right or remedy of such mortgagee or leasehold mortgagee under a bona fide mortgage or leasehold mortgage, including any assignment of the leasehold interest to a mortgagee or the leasehold mortgagee or its designee made in lieu of foreclosure;
(iii) Any foreclosure sale by any mortgagee or leasehold mortgagee pursuant to any power of sale contained in a bona fide mortgage or leasehold mortgage;
(iv) Any sale or assignment of the leasehold interest by any mortgagee or leasehold mortgagee (or its designee) which has acquired the leasehold interest by means of any transaction described above;
(v) Any sale or assignment of the leasehold interest to any Qualified Real Estate Investor; and
(vi) Any sale or assignment of the leasehold interest to any person if (a) Lessee or the proposed assignee provides Adequate Financial Assurance of the payment of rent and other financial obligations under the Lease for the period the proposed assignee is the lessee under the Lease, and (b) the proposed assignee has sufficient commercial real estate experience to properly manage, or oversee the management of, the Project.