Additional Permitted Transfers. Notwithstanding anything in this Article III to the contrary, each Shareholder may pledge or grant a security interest in all or any portion of its shares of Restricted Common Stock to an Institutional Lender to secure a loan made in whole or in part to that Shareholder in order to (i) finance the acquisition of Equity Securities of LATAM or (ii) refinance any loan made to such Shareholder that is outstanding as of the date of this Agreement, and any Transfer of shares of Restricted Common Stock pursuant to any such pledge or security interest in effect as of the Effective Time shall be deemed to be a permitted Transfer under this Section 3.04. In addition, the LATAM Controlling Shareholders and TEP may Transfer all or a portion of their shares of Restricted Common Stock to (i) any of their direct or indirect wholly-owned Subsidiaries, (ii) to any entity wholly-owned by Xxxxxxx, Xxxx Xxxx and/or Xxxxxxx Xxxxx (in the case of the LATAM Controlling Shareholders) or (iii) any entity that has no direct or indirect owners other than Xxxxx Xxxxxxx Xxxxxxxx Xxxxx, Xxxxxxxx Xxxxx Xxxxx, Xxxxx Xxxxxxx Xxxxxxxx Xxxxx and/or João Xxxxxxxxx Xxxxx and that is directly or indirectly majority owned and controlled by Xxxxx Xxxxxxx Xxxxxxxx Xxxxx and Xxxxxxxx Xxxxx Xxxxx (each, an “Affiliate Transfer”); provided that the LATAM Controlling Shareholders and TEP shall continue to be bound by the terms of this Agreement for all purposes following such Transfer. In addition, each of the LATAM Controlling Shareholders and TEP may Transfer a percentage of its shares of Restricted Common Stock to each of Xxxxxxx, Xxxx Xxxx and Xxxxxxx Xxxxx (in the case of the LATAM Controlling Shareholders) or Xxxxx Xxxxxxx Xxxxxxxx Xxxxx, Xxxxxxxx Xxxxx Xxxxx, Xxxxx Xxxxxxx Xxxxxxxx Xxxxx and Xxxx Xxxxxxxxx Xxxxx (in the case of TEP) or to any Person wholly owned by any such individual equal to the percentage of its Restricted Common Stock that such individual indirectly owns through his or her ownership of shares in the LATAM Controlling Shareholders (in the case of Xxxxxxx, Xxxx Xxxx and Xxxxxxx Xxxxx) or TEP (in the case of Xxxxx Xxxxxxx Xxxxxxxx Xxxxx, Xxxxxxxx Xxxxx Xxxxx, Xxxxx Xxxxxxx Xxxxxxxx Xxxxx and Xxxx Xxxxxxxxx Xxxxx); provided that following any such transfer of Restricted Common Stock by the LATAM Controlling Shareholders, all references to the LATAM Controlling Shareholders shall deemed to refer collectively to the LATAM Controlling Shareholders and the transferee of such Restri...
Additional Permitted Transfers. Notwithstanding any terms or provisions of the Loan Documents to the contrary (including, without limitation, Article 8 of the Security Instrument), so long as MB Cypress Cyfair Limited Partnership, an Illinois limited partnership, an Illinois limited partnership, is the sole Borrower, the following Transfers (each, a “Permitted Transfer” and, collectively, the “Permitted Transfers”) will be permitted without Noteholder’s consent, subject to the terms and conditions set forth in this Section 18:
Additional Permitted Transfers. Notwithstanding the above provisions of this Section 11, Mortgagor may, without the consent of Mortgagee, (i) make immaterial transfers of portions of a Property to Governmental Authorities for dedication or public use (subject to the provisions of Section 6 hereof) or, portions of a Property to third parties, including owners of outparcels, or other properties for the purpose of erecting and operating additional structures whose use is integrated with the use of the Property, and (ii) grant easements, restrictions, covenants, reservations and rights of way in the ordinary course of business for access, water and sewer lines, telephone and telegraph lines, electric lines or other utilities or for other similar purposes or amend the Operating Agreements, provided that no such transfer, conveyance or encumbrance set forth in the foregoing clauses (i) and (ii) shall materially impair the utility and operation of such Property or materially adversely affect the value of such Property taken as a whole. If Mortgagor shall receive any net proceeds in connection with any such transfer or other conveyance, Mortgagor shall have the right to use any such proceeds in connection with any Alterations performed in connection with, or required as a result of, such conveyance. Except as provided below with respect to any Taking, the amount of any net proceeds received by Mortgagor in excess of the cost of such Alterations shall be deposited in the Capital Reserve Account (which amounts shall be in addition to, and not in lieu of, amounts otherwise required to be deposited pursuant to Section 48(a) hereof, and shall be available to Mortgagor for use in performing any further or other Alterations. Any amounts held in such account shall be invested in accordance with Section 3(s) of the Cash Collateral Agreement. In connection with any transfer, conveyance or encumbrance permitted pursuant to this Section 11(d), Mortgagee shall execute and deliver any instrument reasonably necessary or appropriate, in the case of the transfers referred to in clause (i) above, to release the portion of such Property affected by such Taking or such transfer from the Lien of this Mortgage or, in the case of clause (ii) above, to
Additional Permitted Transfers. Notwithstanding the above provisions of this Section 12, and so long as no Event of Default shall have occurred and be continuing, Mortgagor without the consent of Mortgagee may (i) make transfers of immaterial portions of the Real Estate to Governmental Authorities in connection with Takings of such portions of the Real Estate for dedication or public use (subject to the provisions of Section 7 hereof) or non revenue-generating (as of the date hereof) portions of the Real Estate to third parties, including, without limitation, owners of outparcels, department store pads or other properties for the purpose of erecting and operating additional structures whose use is integrated with the use of the Mortgaged Property, provided same shall not cause a reduction in the Mortgaged Property cash-flow, and (ii) grant easements, restrictions, covenants, reservations and rights of way in the ordinary course of business for water and sewer lines, telephone and telegraph lines, electric lines or other utilities or for other similar purposes, provided that no transfer, conveyance or encumbrance set forth in the foregoing clauses (i) and (ii) shall (A) materially impair the utility and operation of the Real Estate, or (B) materially adversely affect the value of the Real Estate. If Mortgagor shall receive any consideration in connection with any such transfer or other conveyance, Mortgagor shall have the right to use any such proceeds in connection with any Alterations performed in connection with, or required as a result of, such conveyance. Any net proceeds received by Mortgagor in excess of the cost of such Alterations shall be paid to Mortgagee in repayment of the Mortgage Notes on the next Interest Payment Date occurring at least ten (10) Business Days following notice to Mortgagee of such repayment, which notice Mortgagor shall promptly give, provided, however, that with respect to such transfers or other conveyances of nonrevenue- generating portions of the Real Estate, Mortgagor may retain the first Five Hundred Thousand Dollars ($500,000) of net proceeds on a cumulative basis (subject, however, to the same being used to pay the costs of any such Alterations). In connection with any transfer, conveyance or encumbrance permitted pursuant to clauses (i) and (ii) above, the Mortgagee shall execute and deliver any instrument reasonably necessary or appropriate to evidence its consent to said action and/or, in the case of the transfers referred to in clause (i) above,...
Additional Permitted Transfers. Notwithstanding anything to the contrary contained in this Article 7, Borrower may grant easements, restrictions, covenants, reservations and rights of way with respect to the Property in the ordinary course of business for water and sewer lines, telephone and telegraph lines, electric lines and other utilities or for other similar purposes, provided that such transfers, conveyances or encumbrances (i) shall not impair the utility and operation of the Property or materially adversely affect the value of the Property or adversely affect Borrower's ability to pay the Debt or the Monthly Payment Amount and (ii) shall be in a form that is reasonably acceptable to Lender.
Additional Permitted Transfers. Notwithstanding the foregoing provisions of this Section 1.23.1, Grantor without the consent of Beneficiary may (i) make transfers of portions of the Property (by sale, ground lease, subordination of fee interest to a leasehold mortgage, sublease or other conveyance of any interest) to any federal, state or local government or any political subdivision thereof in connection with (and in lieu of) Takings of any portion of the Property for dedication or public use (and proceeds of any such transfer shall be deemed to be an Award subject to the provisions of Section 1.9 hereof), and (ii) dedicate portions of the Property or grant easements, restrictions, covenants, reservations and rights of way in the ordinary course of business for traffic circulation, ingress, egress, parking, access, water and sewer lines, telephone and telegraph lines, electric lines or other utilities or for other similar limited purposes benefiting the Property, provided, that no transfer, conveyance or other encumbrance set forth in the foregoing clauses (i) and (ii) shall impair the utility and operation of any Individual Property, adversely affect the value of any Individual Property, or cause any Individual Property to be in violation of any applicable laws in each case taken as a whole. Beneficiary hereby agrees to execute and deliver any instrument reasonably necessary or appropriate to evidence any desired consent to said action and, in the case of any transfers of fee interests referred to in clauses (i) or (ii) of the first sentence of this Section 1.23.3, to release the portion of the Land affected by such Taking or such transfer from the Lien of this Deed of Trust upon receipt by Beneficiary of:
Additional Permitted Transfers. The following Transfers shall be permitted at any time, subject to the requirements of this Section. Transfers contemplated by Sections 14.5.1 through 14.5.3 are subject to County’s reasonable approval, which approval shall be granted if at least thirty (30) days prior to the proposed Transfer, the Lessee discloses and provides documentation of all terms of the proposed Transfer, and has provided documentation to County sufficient to establish that the proposed Transfer meets one or more of the definitions in those Sections, and is otherwise consistent with the requirements of this Lease. Transfers contemplated under Section 14.5.4 are subject to the requirements of Section 14.5.4.
Additional Permitted Transfers. Notwithstanding anything to the contrary contained in the Loan Documents (including, without limitation, Sections 5.25(c) and (d) above), any Transfers or transfers of direct or indirect equity interests in Borrower completed in strict compliance with the following subsections shall be permitted under the Loan Documents, provided in conjunction with any Transfers or transfers permitted under this Section 5.25(e), (i) Borrower shall have paid the costs and expenses (if any) of the Rating Agencies and Servicers and reimbursed Lender for its reasonable out-of-pocket costs and expenses (including reasonable attorney's fees) incurred in connection with any such conveyance or transfer, and (ii) no Prohibited Change of Control or prohibited Lien shall occur as a result thereof;
Additional Permitted Transfers. 27 1.23.4. Delivery of Documents to the Beneficiary.......................28 1.24.
Additional Permitted Transfers. (i) Provided that Tenant has first satisfied the provisions of Section 24.E above and that Tenant is not in default (after notice and the expiration of the applicable cure period) of any of its obligations under this Lease, Tenant shall have the right to assign this Lease or sublease the Premises (or both, if, in lieu of an immediately effective assignment of this Lease, Tenant shall elect to place the instrument of assignment in escrow and enter into a sublease for the entire Premises with the proposed assignee), subject to the consent of Landlord, which consent shall not be unreasonably withheld, delayed or conditioned, provided and upon condition that:
