YANGDO TAMBO AGREEMENT Sample Clauses

YANGDO TAMBO AGREEMENT. 2.1 Immediately upon the Transferor obtaining legal title to the Property To Be Owned, the Transferor shall transfer and assign to the Transferee the Property To Be Owned as security for the punctual payment, performance and discharge in full of the Secured Obligations; provided, that unless and until an Event of Default occurs under the Loan Agreement the Transferee shall hold the title to the Property To Be Owned for the purpose of security only and shall not use, seize or dispose of the Property To Be Owned. The Transferor hereby agrees that any Property to Be Owned shall be subject to Yangdo Tambo on such property for the benefit of the Transferee pursuant to this Agreement and that if such property may not be subject to such Yangdo Tambo, the Transferor shall transfer and assign to the Transferee the Property to Be Owned as security for the punctual payment, performance and discharge in full of the Secured Obligations in the manner applicable to the nature of it and perform any and all actions necessary for the establishment and effectuation of such collateral arrangement under the laws of Korea.
Sample 1
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YANGDO TAMBO AGREEMENT. The Transferor hereby agrees to transfer and assign to the Transferee the Transferred Property as security for the punctual payment, performance and discharge in full of the Secured Obligations; provided, that unless and until an Event of Default occurs under the Loan Agreement the Transferee shall hold the title to the Transferred Property for the purpose of security only and shall not use, seize or dispose of the Transferred Property. The Transferor hereby agrees that any Property to Be Owned shall be subject to Yangdo Tambo on such property for the benefit of the Transferee pursuant to this Agreement and that if such property may not be subject to such Xxxxx Xxxxx, the Transferor shall transfer and assign to the Transferee the Property to Be Owned as security for the punctual payment, performance and discharge in full of the Secured Obligations in the manner applicable to the nature of it and perform any and all actions necessary for the establishment and effectuation of such collateral arrangement under the laws of Korea.
Sample 1

Related to YANGDO TAMBO AGREEMENT

  • Reciprocal Easement Agreements (a) Neither Borrower, nor any other party is currently in default (nor has any notice been given or received with respect to an alleged or current default) under any of the terms and conditions of the REA, and the REA remains unmodified and in full force and effect;

  • Arrangement Agreement This Plan of Arrangement is made pursuant to the Arrangement Agreement.

  • Company Lock Up Agreements The Company, on behalf of itself and any successor entity, agrees that, without the prior written consent of the Placement Agent, it will not for a period of thirty (30) days after the date of this Agreement (the “Lock-Up Period”), (i) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, any ADSs, Ordinary Shares or other capital stock of the Company or any securities convertible into or exercisable or exchangeable for ADSs, Ordinary Shares or such other shares of capital stock of the Company; (ii) file or cause to be filed any registration statement with the Commission relating to the offering of any ADSs, Ordinary Shares or other shares of capital stock of the Company or any securities convertible into or exercisable or exchangeable for shares of capital stock of the Company; or (iii) complete any offering of debt securities of the Company, other than entering into a line of credit with a traditional bank or (iv) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of ADSs, Ordinary Shares or other capital stock of the Company, whether any such transaction described in clause (i), (ii), (iii) or (iv) above is to be settled by delivery of ADSs, Ordinary Shares or other shares of capital stock of the Company or such other securities, in cash or otherwise. The restrictions contained in this Section 3.18 shall not apply to (i) the ADSs, Ordinary Shares and the Placement Agent’s Warrant, (ii) the issuance by the Company of ADSs upon the exercise of the Placement Agent’s Warrant or a stock option or warrant or the conversion of a security outstanding on the date hereof, or issuable pursuant to currently existing undertakings of the Company, which is disclosed in the Registration Statement, Disclosure Package and Prospectus, provided that such options, warrants, and securities have not been amended since the date of this Agreement to increase the number of such securities or to decrease the exercise price, exchange price or conversion price of such securities or to extend the term of such securities, (iii) the issuance by the Company of stock options, shares of capital stock of the Company or other awards under any equity compensation plan of the Company, provided that the underlying shares shall be restricted from sale during the entire Lock-Up Period; and (iv) transactions with members of the management and/or the board of directors of the Company, involving the issuance of equity securities of the Company in consideration of cash, provided that the underlying shares shall be restricted from sale during the entire Lock-Up Period.

  • Development Agreement That certain Development Agreement dated of even date herewith by and between the Company and Developer providing for the development of the Project on the Property, a copy of which is attached hereto as Exhibit C and incorporated herein by reference. Development Fee. As described in Section 6.8.

  • Lock-Up Agreement The Underwriters shall have received all of the Lock-Up Agreements referenced in Section 4 and the Lock-Up Agreements shall remain in full force and effect.

  • Property Management Agreement The Property Management Agreement is in full force and effect and, to Borrower's Knowledge, there are no defaults thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

  • No Existing Non-Competition Agreements No Insider is subject to any non-competition agreement or non-solicitation agreement with any employer or prior employer which could materially affect his ability to be an employee, officer and/or director of the Company, except as disclosed in the Registration Statement.

  • One Agreement This Agreement and any related security or other agreements required by this Agreement, collectively:

  • Assignment of Management Agreement As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at Lender’s option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “Event of Default”), and the failure of Borrower to cure such Event of Default within any applicable grace period.

  • Adverse Agreements, Etc No Loan Party or any of its Subsidiaries is a party to any Contractual Obligation or subject to any restriction or limitation in any Governing Document or any judgment, order, regulation, ruling or other requirement of a court or other Governmental Authority, which (either individually or in the aggregate) has, or in the future could reasonably be expected (either individually or in the aggregate) to have, a Material Adverse Effect.

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