Examples of Resale Restriction Agreement in a sentence
In the event that any provision or clause of this Deed of Trust or the Resale Restriction Agreement conflicts with applicable law, such conflict will not affect other provisions of this Deed of Trust or the Resale Restriction Agreement which can be given effect without the conflicting provision, and to this end the provisions of the Deed of Trust and the Resale Restriction Agreement are declared to be severable.
The cover letter from EMAK that conveyed the grant stated: “The stock will vest equally (one-third per year) over a three year period.” But this was an odd use of the term “vest,” because under Section 2, the transfer restrictions and forfeiture provisions purportedly applied to all 150,000 shares until March 3, 2011.Boutros’s remaining 25,000 shares were governed by a Resale Restriction Agreement dated November 6, 2009.
The Lender shall track the versions of the Resale Restriction Agreement, Program Performance Note and Program Performance Deed of Trust and identify each Lender approved version with an identification number.
Notwithstanding any provision herein, this Deed of Trust shall not diminish or affect the rights of the First Lender under the First Lender Deed of Trust or any subsequent First Lender deeds of trust hereafter recorded against the Security in compliance with the requirements of the Resale Restriction Agreement.
He focused on the language in the Resale Restriction Agreement that extended beyond any sale to encompass any “contract to sell,” any “option to purchase,” and any transfer of the “economic risk of ownership.” He noted that the Restricted Stock Grant Agreement did not contain similar language and appeared to restrict only an actual sale, transfer, pledge, hypothecation, or assignment.
Deed restricted for-sale units are further secured through a Buyer’s Occupancy and Resale Restriction Agreement.
To: City of Hayward ("City") From: [name of owner(s)] ("Owner(s)") Address of Home: ("Property") Date: Please be notified pursuant to Section 7 of the Resale Restriction Agreement and Option to Purchase between Owner and City dated , that the Owner intends to transfer the Property listed above.
Owner will observe and perform all of the covenants and agreements of the Resale Restriction Agreement.
If the Security is abandoned by Owner, or if Owner fails to respond to the City, or its designated agent, within thirty (30) days from the date notice is mailed by either of them to Owner that the insurance carrier offers to settle a claim for insurance benefits, the City, or its designated agent, is authorized to collect and apply the insurance proceeds at the City's option either to restoration or repair of the Security or to pay amounts due under the Resale Restriction Agreement.
This debt will be secured by a Deed of Trust and Regulatory Agreement or Resale Restriction Agreement which borrowers must sign documenting HCD’s investment and ongoing requirements.