No Sale or Encumbrance. As long as this Agreement remains in effect, Grantor unconditionally agrees not to sell, option, assign, pledge, or create or permit to exist any lien or security interest in or against any of the Collateral in favor of any person other than Lender.
No Sale or Encumbrance. Section 7.1
No Sale or Encumbrance. None of the Condominium Units and no portion of the common elements comprising the Condominium have been sold, conveyed or encumbered or are subject to any agreement to convey or encumber.
No Sale or Encumbrance. 68 Section 6.1. Transfer Definitions .................................................................................. 68 Section 6.2. No Sale/Encumbrance ............................................................................... 68 Section 6.3. Permitted Equity Transfers ....................................................................... 69 Section 6.4. Permitted Property Transfer (Assumption) ............................................... 71 Section 6.5. Lender's Rights ......................................................................................... 73 Section 6.6. Economic Sanctions, Anti-Money Laundering and Transfers .................. 73 LOAN AGREEMENT 41458-110/JANAF Shopping Yard (VA)
No Sale or Encumbrance. Section 7.1. Transfer Definitions 46 Section 7.2. No Sale/Encumbrance 47 Section 7.3. Permitted Transfers 47 Section 7.4. Lender’s Rights 48 Section 7.5. Assumption 49 Section 7.6. Partial Assumption 51 Section 7.7. Easements; Licenses. 52
No Sale or Encumbrance. 70 Section 7.1 Transfers. 70 Section 7.2 Individual Property Release 72 ARTICLE VIII. DEFAULTS 73 Section 8.1 Events of Default 73 Section 8.2 Remedies 76 Section 8.3 Duration of Events of Default 76
No Sale or Encumbrance. 62 SECTION 7.1. TRANSFER DEFINITIONS................................. 62 SECTION 7.2. NO SALE/ENCUMBRANCE.................................. 63 SECTION 7.3. PERMITTED TRANSFERS.................................. 63 SECTION 7.4. LENDER'S RIGHTS...................................... 65 SECTION 7.5. ASSUMPTION........................................... 65
No Sale or Encumbrance. None of the Contributors shall sell, ---------------------- mortgage, pledge, hypothecate or otherwise transfer or dispose of all, or any part of any Property or any interest therein, nor shall any Contributor initiate, consent to, approve or otherwise take any action with respect to zoning or any other governmental rules or regulations presently applicable to all or any part of any Property, nor shall any Contributor permit any new limited or general partners, shareholders or members to be admitted to any Contributor.
No Sale or Encumbrance. None of the Sellers shall sell, ---------------------- mortgage, pledge, hypothecate or otherwise transfer or dispose of all, or any part of any Property or any interest therein, nor shall any Seller initiate, consent to, approve or otherwise take any action with respect to zoning or any other governmental rules or regulations presently applicable to all or any part of any Property, nor shall any Seller permit any new limited or general partners, shareholders or members to be admitted to any Seller. Notwithstanding the foregoing, Sellers shall have, with the written consent of the Partnership (which consent shall not be unreasonably withheld): (a) the right to admit new partners to the Xxxxxx Family Limited Partnership between the date hereof and the Closing Date; and (b) the right prior to Closing to convert the Xxxxxx Family Limited Partnership from a limited partnership into another form of entity and to transfer the Properties from the Xxxxxx Family Limited Partnership to such converted entity; provided that such converted entity shall be in a form approved by the Partnership; and further provided that such converted entity executes this Agreement and agrees to be bound by its terms and conditions and to assume all of Sellers'
No Sale or Encumbrance. Except as otherwise provided herein, neither Borrower nor Operating Lessee shall permit the Property or any interest therein to be sold, transferred (including, without limitation, through sale or transfer (directly or indirectly) of the limited liability company interests of the Borrower), mortgaged, assigned, further encumbered or leased, whether directly or indirectly, whether voluntarily, involuntarily or by operation of law, without the prior written consent of the Administrative Agent. Notwithstanding the foregoing, the transfer of interests in Parent shall not be deemed to be a violation of the foregoing so long as such transfer does not constitute a Default under Section 10.1(h) below.
