Unpermitted Transfer Clause Samples
Unpermitted Transfer. In case of the unpermitted transfer by the contractor, the contract is terminated for default and the provisions stated in Articles 31.1. and 31.5. shall apply. Additionally, the Contractor shall be prohibited from submitting bids for all tenders made by public institutions and establishments for a period of 1 (one) year 6 (six) months. Excluding the unpermitted transfer or the transfers due to the changes in name and status, in case the CONTRACTING ENTITY determines that the Contractor has transferred or took over any other contracts within 3 (three) years before the transfer contract sign date and will do so within the following 3 (three) years, the contract shall be terminated by default and the provisions in Articles 31.1. and 31.5. shall apply to the transferring parties. Furthermore, the Transferee and the Transferor shall be prohibited from submitting bids for all tenders made by public institutions and establishments for a period of 1 (one) year 6 (six) months.
Unpermitted Transfer. If the Developer effectuates a Transfer not permitted by this Agreement. The parties acknowledge and agree that with respect to the Events of Default set forth in subsections (b) through (j) above, Developer is not entitled to any cure period except as may be expressly set forth herein. Upon the occurrence of an Event of Default by the Developer, the CRA may terminate this Agreement upon seven (7) days written notice to the Developer and shall thereafter be entitled to all rights and remedies available at law or in equity on account of such Event of Default.
Unpermitted Transfer. Tenant shall Transfer this Lease or Tenant’s interest therein except as expressly permitted in this Lease;
Unpermitted Transfer. The Membership Interest of a deceased Member passes to any person other than as permitted under Section 15.02 or Article Nineteen.
Unpermitted Transfer. At any time within one hundred eighty (180) days after an Unpermitted Transfer, in which case only the Member to which the Unpermitted Transfer does not pertain may be the initiating party with respect to all Projects;
Unpermitted Transfer. If the Developer effectuates a Transfer not permitted by this Agreement. The parties acknowledge and agree that with respect to the Events of Default set forth in subsections (b) through (j) above, Developer is not entitled to any cure period except as may be expressly set forth herein. Upon the occurrence of an Event of Default by the Developer, the CRA may terminate this Agreement upon seven (7) days written notice to the Developer and shall thereafter be entitled to all rights and remedies available at law or in equity on account of such Event of Default. Notwithstanding the foregoing in the case of an Event of Default under subsection (d) only, the CRA’s sole and exclusive remedies shall be to withhold any payment of the Subsidies to the Developer until the Event of Default is cured and (i) with respect to the the Townhouse Component, the CRA’s shall be entitled to Liquidated Damages, and (ii) with respect to the Mixed Use Component, the CRA shall not be obligated to convey title to the Mixed Use Site to the Developer until the Event of Default is cured.
Unpermitted Transfer. The occurrence of any event that is, or would cause, a Transfer of all or part of such Member’s Membership Interest in contravention of this Agreement;
Unpermitted Transfer. If the Developer effectuates a Transfer not permitted by this Agreement.
Unpermitted Transfer. Any attempted transfer other than as set forth above will give Licensor the right, at its sole option, to terminate the CSL(s) and/or Licensee's right to any unused Season Tickets purchased by Licensee. If Licensor terminates Licensee's CSL(s) and/or right to any unused Season Tickets, Licensor may relicense the CSL(s) and/or the rights to the unused Season Tickets on terms and conditions established by Licensor in its sole discretion, without any further compensation to Licensee. If Licensor terminates Licensee's right to any
Unpermitted Transfer. Any attempted transfer other than as set forth above will give Licensor the right, at its sole option, to terminate the CSL(s) and/or Licensee’s right to any unused Season Tickets purchased by Licensee. If Licensor terminates Licensee’s CSL(s) and/or right to any unused Season Tickets, Licensor may relicense the CSL(s) and/or the rights to the unused Season Tickets on terms and conditions established by Licensor in its sole discretion, without any further compensation to Licensee. If Licensor terminates Licensee’s right to any unused Season Tickets pursuant to this provision, Licensor will refund to Licensee the face value of the unused Season Tickets less all costs incurred by Licensor in relicensing the CSL(s) and reselling the unused Season Tickets. Licensor may terminate Licensee’s CSL(s) without terminating Licensee’s right to use any unused Season Tickets which have already been paid for. If Licensor does not exercise its right to terminate the CSL(s), Licensor will record the transfer of the CSL(s) to the intended transferee upon receipt by Licensor of the Transfer Fee and Transfer Form.