One-Time Transfer. You may use the App to authorize us to make a one-time transfer to us via ACH transfers from their Linked External Account on or before each Due Date. You authorize us to debit or credit your selected payment method to correct any errors, process returned and reversed payments, and similar issues, to the extent permitted by law. ● We may permit additional payment methods from time to time. We may reject any payment not made in accordance with this section.
One-Time Transfer. Lender may consent to a one-time transfer of Borrowers’ interest in the Projects to a purchaser, if the Loan is not then in Default and if the Lender approves of the proposed buyer’s ownership structure, financial strength, creditworthiness and management capabilities. The transferee and its principals must assume all of Borrowers’ and Indemnitor’s liabilities and obligations under the terms of the Loan Documents including those liabilities and obligations listed in Section 9.18 hereof. The Borrowers and Indemnitor shall not remain liable for any liabilities and obligations described in the Loan Documents and Recourse Events described in Section 9.18 first occurring after such transfer; however, Borrowers and Indemnitor shall remain liable for any liabilities and obligations in the Loan Documents including the Recourse Events first occurring prior to such transfer. Such a transfer will be conditioned on the execution and delivery of all required documents, and compliance with all of Lender’s standard requirements for similar assumption transfers, together with the payment of an assumption fee of one percent (1%) of the then outstanding principal balance of the Loan and payment of any costs and expenses (including reasonable attorneys fees) of Lender in connection therewith. Lender shall not be obligated to entertain any request from a proposed buyer for the modification of any substantive provision of the Loan Documents. Borrowers, Indemnitor and buyer shall execute all documents and comply with all other standard requirements of Lender in connection therewith.
One-Time Transfer. If an employee affected by a conversion to a YRE calendar elects not to remain at the converting site, by May 1 of the year preceding implementation, the employee may submit a written request for transfer. The employee will have a “one- time” opportunity, based upon classification, to transfer to an open position at another site that is on either a traditional calendar or single‐track YRE calendar. The open position must be the same number of hours per week. If more than one employee of the same classification requests a transfer, the employees will interview for the open position. If no position in that classification is currently open, the district shall post the position at the converting site as a “position open for exchange”. Employees of the same classification at other sites may apply for the exchange. The two site administrators shall interview all applicants. Selection shall be a qualifications and seniority based system to include evaluations, performance, attendance, and interview. If two or more candidates are equal regarding criteria, the applicant with the greatest seniority shall be offered the position. Any employee who has been rejected for such a position, shall be given the reasons for such rejection in writing, if the employee so requests, within five (5) working days. If no one applies for the exchange position, the employee shall remain in place until an equivalent position becomes available. If a vacancy is believed to be improperly filled or if the District has acted arbitrarily, unreasonably or capriciously, the informal discussion of the grievance procedure shall be with the District’s chief personnel officer and any formal grievance shall be initiated at Level 2. The vacancy shall be considered not permanently filled until resolution of the grievance.
One-Time Transfer. Notwithstanding Section 5.01 above, and so long as (i) a transfer pursuant to this Section 5.02 shall not occur prior to the first day following the full release of that certain Partial Recourse Guaranty of even date herewith from SCI in favor of Xxxxxx (the “Recourse Guaranty”), and (ii) there is no default under the Documents, Xxxxxx agrees, upon thirty (30) days’ prior written request, to consent to the original Borrower’s one transfer of the entire Property if:
One-Time Transfer. 8.5.1 . Notwithstanding the “due-on-sale” provisions of the Loan Documents to the contrary, Lender shall permit a one-time transfer of all, but not a portion of, the Portfolio provided that all of the following conditions are satisfied: (i) no Default or Event of Default exists; (ii) Borrowers have paid to Lender an assumption fee of one percent (1%) of the outstanding principal balance of the Secured Obligations; (iii) if the proposed transferee is a land trust, Lender has received a first-lien collateral assignment of all beneficial interest therein; (iv) Lender has received and has had a reasonable opportunity to review and approve all organizational documents (including, without limitation, certificates and articles of formation, partnership and operating agreements, by-laws, certificates of good standing and authorizing resolutions) and review all documents and agreements executed or to be executed in connection with the proposed transfer; (v) the non-economic terms (e.g., those terms other than interest rate, payment schedule, principal balance, and non-recourse nature (subject to exceptions thereto customarily included by Lender in loan documents)) of the Loan Documents have been modified as Lender may request in good faith; (vi) the proposed transferee has assumed all of the Borrowers’ obligations under the Loan Documents; (vii) Lender has received at least thirty (30) days’ prior written notice of the proposed transfer; (viii) the proposed transferee and, if applicable, its general partners or managing members have, in the sole judgment of Lender exercised in good faith, a net worth equal to or greater than the aggregate net worth of Borrowers as of the date hereof or otherwise satisfactory to Lender, and its general partners or managing members have a satisfactory history of owning, operating and managing property similar to the Properties; (ix) the proposed transferee and, if applicable, its general partners or managing members have, in the sole judgment of Lender exercised in good faith, a satisfactory credit history and professional reputation and character; (x) the Portfolio Debt Service Coverage Ratio is not less than 1.75:1.00, and Lender receives satisfactory evidence that such ratio will be maintained for the twelve (12) months immediately following the consummation of such transfer; (xi) the Portfolio Loan-to-Value Ratio, as determined by Lender pursuant to Appraisals delivered by Borrowers to Lender, and taking into account all obligati...
One-Time Transfer. (a) Notwithstanding anything to the contrary contained herein, Borrowers shall have the one-time right to transfer all Properties as a group, if the Loan is not in default, if Lender approves the proposed transferee’s ownership structure, financial strength, creditworthiness and management capabilities (which approval shall not be unreasonably withheld) and if Borrowers comply with the following requirements.
One-Time Transfer. Borrower shall have a one-time right to Transfer the Property, subject to the following conditions:
One-Time Transfer. Notwithstanding anything to the contrary contained in this Article 8, Lender shall not unreasonably withhold its consent to a one-time sale, assignment, or other transfer of the Property or a one-time sale or transfer of Borrower or Principal provided that (a) Lender receives thirty (30) days prior written notice of such transfer, (b) no default has occurred and is continuing under this Security Instrument, the Note or the [NY01:247789.4] 86000-00376 12/23/96 4:57pm - 33 - Other Security Documents and (c) upon the satisfaction (in the sole determination of Lender) of such conditions as may be reasonably imposed by Lender, which may include, but shall not be limited to, the following matters:
One-Time Transfer. Notwithstanding anything to the contrary contained in this Article 8, and following the securitization of the Loan, Lender’s consent to a one-time sale, assignment, or other transfer of the Property shall not be withheld provided that Lender receives sixty (60) days prior written notice of such transfer hereunder and no Event of Default has occurred and is continuing, and further provided that, the following additional requirements are satisfied:
One-Time Transfer. Notwithstanding Section 2.1, and so long as there is no Event of Default or Potential Event of Default under the Loan Documents, at any time following the first (1st) anniversary of the date of this Agreement, Lender agrees, upon thirty (30) days’ prior written request, to consent to one transfer of all of the Properties in the Security Pool (or all of the direct or indirect interests in each SPE Equity Owner and Borrower (other than the interests of any SPE Equity Owner in Borrower)) if:
