RESALE AND ASSIGNMENT Clause Samples

RESALE AND ASSIGNMENT. (a) Any sale, assignment, disposition or transfer of the UNIT or any part thereof at any time entered into after the transfer shall be on the Seller’s Standard Resale Agreement in respect of the Fairmont Hotel Units and shall not be of any legal effect unless: (i) the Purchaser has paid any and all outstanding expenses regarding registration, transfer and related fees as required by the relevant South African Governmental Authorities, ZEMA, the Body Corporate and IZOA to effect the transfer and issue of title; (ii) the Purchaser has paid all amounts outstanding to the Hotel in terms of any agreement; (iii) the Purchaser has paid all outstanding levies, to the extent the Purchaser is responsible for same pursuant to Clause 7; (iv) the Purchaser has paid any amounts owing in relation to facilities or services as provided under this Agreement; (v) the transferee, in a manner acceptable to ▇▇▇▇ and ▇▇▇▇, agrees to become a member and is admitted as a member of IZOA and ZEMA. (vi) the transferee and, in the event of the transferee being an artificial person, its nominee(s), being accepted as composite member(s) of the Zimbali Country Club if such Membership is a prerequisite of the Club’s Constitution. (vii) the transferee purchases from the Zimbali Country Club at the then market price the requisite number of Debentures if such purchase is a prerequisite of the Club’s Constitution. (b) Notwithstanding the provisions of Clause 10.1, in the event of a breach of this Clause 10.2, the Seller shall be entitled in its absolute discretion to refuse its written approval as required to the sale and transfer of the UNIT until the provisions of this Clause 10 are complied with and no party to this Contract of Sale shall have any claim for damages arising out of the Seller’s refusal to give such written approval. (c) In order to protect the Seller’s rights in this regard, the UNIT shall be transferred to the Purchaser, subject to a condition in the Title Deeds to the UNIT to the effect that the UNIT, or any portion thereof or interest therein shall not be alienated or otherwise transferred without the prior written consent of the Seller first having been obtained, which consent the Seller shall grant provided that the Purchaser has complied with all its obligations in terms of this Contract, and in particular, and in no way detracting from the generality of the aforesaid, has complied with its obligations in terms of this Clause 10. (d) The Purchaser acknowledges that in ...

RESALE AND ASSIGNMENT. Phosphate rock shall be used in the Buyer’s own plants. It may not be resold as such without the Seller’s written consent. Should the Buyer lose, through transfer of ownership or merger or for any other reason, the property of his plants as they stand at the time of signature of the sale contract, the quantities of product remaining to be delivered shall be assigned, with the Seller’s consent, to the new owners or successors, whether universal or not. The Seller shall however reserve the right simply to cancel the delivery of such quantities and the cancellation in such case shall give rise to no indemnity.

RESALE AND ASSIGNMENT. Buyer agrees that it will not assign its rights under these terms and conditions to any third party and will not sell any products unless explicitly authorized to do so in writing by Coastal.

RESALE AND ASSIGNMENT. Buyer may sell, assign or transfer ownership in all or a portion of Buyer's Fractional Interest if all Fees, Personal Charges and any other amounts owed to Rail Car One have been paid in full, and pursuant to any Fractional Interest lien or mortgage holder’s requirements. A related transfer of interest in ▇▇▇▇▇'s Fractional Interest must be in accordance with provisions of the Declaration. A reasonable transfer fee may apply. Developer reserves the right to assign this Agreement including each and every right, obligation and Purchase Price money payment arrangement or other contract that Developer and Buyer may enter into, to parties of Developer's choice without prior notice to or the approval of Buyer. In this event Developer shall notify Buyer of such assignment within 10 days after such assignment has become final.

RESALE AND ASSIGNMENT. 10.1. Developer’s Right of Pre-emption (a) Should the Purchaser wish to sell the UNIT to any third party Purchaser (“Transferee”), the Seller shall be entitled at its option to require the Purchaser to sell its interest in the UNIT to the Seller or its nominee on terms similar (so far as practicable) including any purchase price payable and including equivalent provisions for the date of completion of the sale to those agreed between the Purchaser and the proposed Transferee. The Purchaser shall be bound to provide the Seller with: (i) A certified copy of the agreement between the Purchaser and the Transferee; and (ii) A warranty that such agreement is a bona fide agreement, made in the open market between the Purchaser and the Transferee at arm’s length. (b) The Seller shall be obliged to give notice to the Purchaser of its intentions to proceed or otherwise with the purchase of the UNIT within thirty (30) days of receipt by the Seller of such copy agreement and warranty as aforesaid. (c) In the event that the Seller does not wish to exercise its right of pre-emption and proceed with the purchase of the UNIT from the Purchaser, the sale of the UNIT to the Transferee may proceed but only on the same terms as intimated to the Seller in accordance with Clause 10.1(a) and subject to the remaining provisions of this Clause 10.