Transfer, Use and Sale Restrictions Sample Clauses

Transfer, Use and Sale Restrictions. The transfer of the Property to Buyer will be made subject to (and the Condominium Unit Deed will so provide) certain restrictions on the transfer, use and sale (the "City’s Transfer, Use and Sale Restrictions") during the 10-year period from the closing of the sale of the unit (the “Restriction Period”). The City's Transfer, Use and Sale Restrictions require, among other things, that: (a) the Property must be occupied as Xxxxx’s principal residence at all times during the Restriction Period; and (b) if Buyer wishes to transfer title to the Property during the Restriction Period, among other things, the City shall have the option to (i) purchase the Property at a price and upon such terms as set forth in the Condominium Unit Deed conveying the Property, or (ii) require Buyer to sell the Property to a qualified resident, at a price and upon such terms, and who is in the same income category as the Buyer at the time of the original sale of the Property, all as approved by the City and as set forth in the Condominium Unit Deed conveying the unit. In the event that Buyer violates the requirement to occupy the Property as a principal residence during the Restriction Period, the City shall have the right to purchase the Property and/or to seek financial recourse from the owner, which financial recourse may include the appreciated value of the Property. The City’s Transfer, Use and Sale Restrictions set forth in Exhibit C will also be incorporated in an exhibit to the Condominium Unit Deed. Xxxxx acknowledges and agrees that Xxxxx has read and reviewed, and approves and accepts all of the terms and conditions of the City’s Transfer, Use and Sale Restrictions, and Xxxxx further agrees to accept title to the Property subject to the City’s Transfer, Use and Sale Restrictions.
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Related to Transfer, Use and Sale Restrictions

  • Resale Restrictions 8.1 The Subscriber acknowledges that any resale of the Securities will be subject to resale restrictions contained in the securities legislation applicable to the Subscriber or proposed transferee. The Subscriber acknowledges that none of the Securities have been registered under the 1933 Act or the securities laws of any state of the United States. None of the Securities may be offered or sold in the United States unless registered in accordance with federal securities laws and all applicable state securities laws or exemptions from such registration requirements are available.

  • Use Restrictions (a) Company will not do or attempt to do, and Company will not permit any other person or entity to do or attempt to do, any of the following, directly or indirectly:

  • Selling Restrictions (i) Except as expressly set forth below, the Investor covenants that from and after the Closing Date through and including the Trading Day next following the expiration or termination of this Agreement as provided in Article VIII (the “Restricted Period”), none of the Investor, its sole member, any of their respective officers, or any entity managed or controlled by the Investor or its sole member (collectively, the “Restricted Persons” and each of the foregoing is referred to herein as a “Restricted Person”) shall, directly or indirectly, (i) engage in any Short Sales of the Common Stock or (ii) hedging transaction, which establishes a net short position with respect to the Common Stock, with respect to each of clauses (i) and (ii) hereof, either for its own account or for the account of any other Restricted Person. Notwithstanding the foregoing, it is expressly understood and agreed that nothing contained herein shall (without implication that the contrary would otherwise be true) prohibit any Restricted Person during the Restricted Period from: (1) selling “long” (as defined under Rule 200 promulgated under Regulation SHO) the Securities; or (2) selling a number of shares of Common Stock equal to the number of Shares that the Investor is unconditionally obligated to purchase under any pending VWAP Purchase Notice or any pending Intraday VWAP Purchase Notice (as applicable), but has not yet received from the Company or its transfer agent pursuant to this Agreement, so long as (X) the Investor (or its Broker-Dealer, as applicable) delivers the Shares purchased pursuant to such pending VWAP Purchase Notice and the Shares purchased pursuant to such pending Intraday VWAP Purchase Notice (as applicable) to the purchaser thereof promptly upon the Investor’s receipt of such Shares from the Company in accordance with Section 3.3 of this Agreement and (Y) neither the Company or its transfer agent shall have failed for any reason to deliver such Shares to the Investor or its Broker-Dealer so that such Shares are timely received by the Investor as DWAC Shares on the applicable Purchase Share Delivery Date for such VWAP Purchase and on the applicable Purchase Share Delivery Date for such Intraday VWAP Purchases (as applicable) in accordance with Section 3.3 of this Agreement.

  • Use Restriction (a) If a natural disaster, incident or any other emergency situation occurs or is likely to occur, SORACOM may restrict the use of the SORACOM Air Global Service by the Subscriber in order to give priority to communications whose content are necessary for the prevention of or relief from calamities, for the securing of transportation, communications or electric power supply, the maintenance of public order or any other public interest.

  • Licence Restrictions Except as expressly set out in this XXXX or as permitted by any local law, you agree:

  • Transfer Restrictions If, at the time of the surrender of this Warrant in connection with any transfer of this Warrant, the transfer of this Warrant shall not be either (i) registered pursuant to an effective registration statement under the Securities Act and under applicable state securities or blue sky laws or (ii) eligible for resale without volume or manner-of-sale restrictions or current public information requirements pursuant to Rule 144, the Company may require, as a condition of allowing such transfer, that the Holder or transferee of this Warrant, as the case may be, comply with the provisions of Section 5.7 of the Purchase Agreement.

  • Age Restrictions Drivers must be 21 years of age or over.

  • ACCEPTABLE USE RESTRICTIONS You must:

  • Restrictions on Land transfer 6A Recognising that they are or will be receiving publicly funded land at nil consideration (which for the purposes of this transaction shall include leases granted at a peppercorn rent) the Company:

  • License Restrictions You shall not:

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