TRANSFER OF GROUND INTEREST Sample Clauses

TRANSFER OF GROUND INTEREST. The Ground Sublessee expressly agrees that the Ground Sublessee shall not transfer its Ground Interest except as part of the Ground Sublessee's transfer of the Facility Sublessor's Rocky Mountain Interest pursuant to the Operative Documents. The Ground Sublessee acknowledges (x) that the Ground Sublessor shall have the right to transfer and convey the Ground Interest as part of a transfer under and in accordance with Section 10.2, 13.2, 14.4, 15.3, 17.1(c), 17.1(e), 18 or 19 of the Facility Lease in connection with the Ground Sublessor's transfer thereunder of the Facility Lessor's Rocky Mountain Interest and the Ground Sublessor and the Ground Sublessee agree to comply with the provisions of the applicable sections of the Facility Sublease and the Facility Lease in connection with such transfer to the extent required thereunder, and (y) the Ground Sublessor's interest hereunder may be transferred together with the Facility Lessor's interest under the Facility Lease to the Lender or an Affiliate of the Lender or any other Person who is the purchaser thereof in foreclosure of the security title of the Deed to Secure Debt or the lien of the Loan Agreement or by deed in lieu of any such foreclosure or after any such foreclosure or deed in lieu of foreclosure. The Ground Sublessor acknowledges that the Ground Interest will be leased to the Ground Sub-sublessee pursuant to the Ground Sub-sublease and that the Ground Sublessee, as Ground Sub-sublessor thereunder, shall have the right to transfer and convey the Ground Interest under and in accordance with Sections 10.2, 13.2, 14.3, 17.1(c), 17.1(e), 18 or 19 of the Facility Sublease in connection with the Facility Sublessor's transfer thereunder of the Facility Sublessor's Rocky Mountain Interest, and the Ground Sub-sublessee shall have the right to sublease the Ground Interest to a Person which is a sublessee of the Undivided Interest in accordance with Section 19 of the Facility Sublease.
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TRANSFER OF GROUND INTEREST. 16 SECTION 7. LIENS........................................................... 18 Section 7.1. Liens by Ground Lessee..................................... 18 Section 7.2. Liens by the Ground Lessor................................. 18 -i- TABLE OF CONTENTS (continued) Page
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TRANSFER OF GROUND INTEREST. The Ground Sublessee expressly agrees that the Ground Sublessee shall not transfer the Ground Interest except as part of the Ground Sublessee's transfer of the Facility Lessee's Interest pursuant to the Operative Documents. The Ground Sublessor acknowledges that the Ground Sublessee shall have the right to sublease or assign the Ground Interest to a Person that is a sublessee or assignee of the Facility in accordance with Section 19 of the Facility Lease or Section 13.2 of the Participation Agreement.
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TRANSFER OF GROUND INTEREST. The Ground Sub-sublessee expressly agrees that the Ground Sub-sublessee shall not transfer its Ground Interest except as part of the Ground Sub-sublessee's transfer of the Facility Sub-sublessee's Rocky Mountain Interest. The Ground Sub-sublessee acknowledges that the Ground Sub-sublessor shall have the right to transfer and convey the Ground Interest under and in accordance with Sections 10.2, 13.2, 14.3, 17.1(c), 17.1(e) or 18 of the Facility Sublease in connection with the Ground Sub-sublessor's transfer thereunder of the Facility Sublessor's Rocky Mountain Interest and the Ground Sub-sublessor agrees to comply with the provisions of the applicable sections of the Facility Sublease in connection with such transfer to the extent required thereunder, and the Ground Sub-sublessee shall have the right to sublease the Ground Interest to a Person which is a sublessee of the Undivided Interest in accordance with Section 19 of the Facility Sublease.
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TRANSFER OF GROUND INTEREST 
Sample 1

Related to TRANSFER OF GROUND INTEREST

  • Transfer of Membership Interest The Sole Member may Transfer any part or all of its rights and interest (including, but not limited to, its Capital Account) in the Company (each a “Membership Interest”) now owned or hereafter acquired to any Person, and the transferee of such Membership Interest shall become a Member of the Company.

  • Transfer of Interest The Interest is personal property and may be transferred or assigned, in whole or in part, as permitted by the Equityholders Agreement, in the sole discretion of the Member. Notwithstanding anything to the contrary set forth herein, no Interest in the Company may be issued, transferred or pledged in any manner whatsoever except in compliance with all applicable Gaming Licenses and Gaming Laws, except as contemplated by Section 9.2.

  • Transfer of Units 10.3.1 Units may be transferred only in the manner described in Article 9.2. The transfer of any Units and the admission of any new Partner shall not constitute an amendment to this Agreement.

  • Transfer of Membership Interests (a) The Member may transfer its Membership Interest, in whole but not in part, but the transferee shall not be admitted as a Member except in accordance with Section 6.07. Until the transferee is admitted as a Member, the Member shall continue to be the sole member of the Company (subject to Section 1.02) and to be entitled to exercise any rights or powers of a Member of the Company with respect to the Membership Interest transferred.

  • Transfer of Optioned Interests For each exercise of the Equity Interest Purchase Option:

  • Transfer of Note Each provision of this Note shall be and ---------------- remain in full force and effect notwithstanding any negotiation or transfer hereof and any interest herein to any other Holder or participant.

  • Certificate and Transfer of Interest 8 SECTION 3.1. Initial Ownership..................................................... 8 SECTION 3.2. The Certificate....................................................... 8 SECTION 3.3. Authentication of Certificate......................................... 8 SECTION 3.4. Registration of Transfer and Exchange of Certificate.................. 9 SECTION 3.5. Mutilated, Destroyed, Lost or Stolen Certificates..................... 9 SECTION 3.6.

  • Transfer of Interests The Member may sell, assign, pledge, encumber, dispose of or otherwise transfer all or any part of the economic or other rights that comprise its Interest. The transferee shall have the right to be substituted for the Member under this Agreement for the transferor if so determined by the Member. No Member may withdraw or resign as Member except as a result of a transfer pursuant to this Section 7 in which the transferee is substituted for the Member. None of the events described in Section 18-304 of the Act shall cause the Member to cease to be a Member of the Company.

  • Residual Interest and Transfer of Interests 6 Section 3.1. The Residual Interest. 6

  • Transfer of Interest Amount The Transfer of the Interest Amount will be made on the second Local Business Day following the end of each calendar month and on any other Local Business Day on which Posted Collateral in the form of Cash is Transferred to the Pledgor pursuant to Paragraph 3(b); provided, however, that the obligation of Party B to Transfer any Interest Amount to Party A shall be limited to the extent that Party B has earned and received such funds and such funds are available to Party B.

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