Transfers Not Permitted Clause Samples
Transfers Not Permitted. Without the prior written consent of Payee, Maker shall not sell, convey, alienate, mortgage, encumber, pledge or otherwise transfer, or permit the transfer of, directly or indirectly, the Mortgaged Property or ownership interests of Maker, except as permitted in the Loan Agreement.
Transfers Not Permitted. No share shall in any circumstances be transferred to any infant, insolvent or a person of unsound mind, except fully paid-up shares through a legal guardian.
Transfers Not Permitted. The provisions of this Article VIII shall not permit a Transfer of an Interest in the Partnership by gift or in contemplation of or in connection with any matrimonial separation or divorce without prior compliance with the provisions of this Article VIII.