Transfer of Ownership Interest. (a) For purposes of this Section 8.2, “
Transfer of Ownership Interest. If Tenant is a business entity, any direct or indirect transfer of 50 percent or more of the ownership interest of the entity (whether all at one time or over the term of the Lease) shall be deemed a Transfer.
Transfer of Ownership Interest. Without the prior written consent of Bank, which consent shall not be unreasonably withheld or delayed, there shall not be any sale, transfer or assignment to any Person of the direct or indirect ownership interest in Seller if such sale, transfer or assignment shall result in such Person holding, directly or indirectly, ten percent (10.0%) or more of the total outstanding ownership interest in Seller.
Transfer of Ownership Interest. Intentionally Deleted
Transfer of Ownership Interest. Without the prior written consent of AWVMC, which consent may be withheld by AWVMC in its sole discretion, no holder of any capital stock or other ownership interest in Independent Contractor may sell, assign, give, pledge or otherwise transfer, whether voluntarily or by operation of law, any such capital stock or other ownership interest in Independent Contractor to any other person or entity. Additionally, without the prior written consent of AWVMC, which consent may be withheld by AWVMC in its sole discretion, Independent Contractor may not cause or permit to be issued any additional equity or other ownership interest during the term of this Agreement. In the event AWVMC consents to the sale, assignment, gift, pledge or other transfer of any such capital stock or ownership interest, or to the issuance of any additional equity or other ownership interest in Independent Contractor, then Independent Contractor shall obtain the written agreement and consent of any such person or entity to whom the interest shall be conveyed or issued to be bound by the provisions of this Section 12.3.
Transfer of Ownership Interest. This Interlocal Agreement represents an agreement for the City and County to share resources. Neither party shall acquire an interest in the real or personal property of the other.
Transfer of Ownership Interest. If Tenant is a corporation which, under the current laws, rules or guidelines promulgated by the governmental body or agency having jurisdiction and authority to promulgate the same, is not deemed a public corporation, is an unincorporated association or partnership, or is a liability company, the Transfer, assignment or hypothecation, in the aggregate of more than forty-nine percent (49%) of the controlling interest in such entity shall be deemed a Transfer within the meaning of the provisions of this paragraph 12.
Transfer of Ownership Interest. Each party to this agreement can transfer his or her interests in ownership of the improvements and the right of possession and occupancy under the Term Special Use Permit to that parties issue, as the term is defined by California law. provided however that no interest shall be transferred which creates less than a 10% interest in the improvements and permit. All transferees receiving an interest under the terms of this paragraph shall be bound by all other terms and provisions of this Cabin Ownership Agreement as continuing covenants which may be enforced against any owner of the improvements.
Transfer of Ownership Interest. Except as specifically provided in this Section 11.3, without the prior written consent of AWVMC, which may be withheld by AWVMC in its sole discretion, no holder of any capital stock or other ownership interest in Independent Contractor shall sell, assign, give, pledge or otherwise transfer, whether voluntarily or by operation of law, any such capital stock or other ownership interest in Independent Contractor to any other person or entity. Additionally, without the prior written consent of AWVMC, which may be withheld by AWVMC in its sole discretion, Independent Contractor shall not cause or permit to be issued any additional equity or other ownership interest during the term of this Agreement. In the event AWVMC consents to the sale, assignment, gift, pledge or other transfer of any such capital stock or ownership interest, or to the issuance of any additional equity or other ownership interest in Independent Contractor, then Independent Contractor shall obtain the written agreement and consent of any such person or entity to whom the interest shall be conveyed or issued to be bound by the provisions of this Section 11.3. Notwithstanding the foregoing, Davix Xxxxxxx xxx transfer, assign or give shares of the capital stock of Independent Contractor to Suzix Xxxxxxx, Xxvix Xxxxxx Xxxxxxx xxx Emilx Xxxxxx Xxxnxxx xxxely for estate planning purposes, provided that, after any such transfer, assignment or gift, Davix Xxxxxxx xxxs and controls throughout the term of this Agreement a majority of the issued and outstanding capital stock of Independent Contractor.
Transfer of Ownership Interest. 6.1 Except in accordance with this Contract, no Party shall assign, sell, transfer or otherwise dispose of all or any part of its Ownership Interest in the Joint Venture.
