Restriction on Alienation definition

Restriction on Alienation. This unit shall not be sold or alienated in any way nor shall any transfer thereof be registered without the written consent of the Body Corporate and Combined Developers (Pty) Ltd, which consent will not be unreasonably withheld. By registering this condition against the title deed of the property, it allows the developer and the Body Corporate to uphold and safeguard the standard and condition of the development as intended, and it ensures compliance by the owners of all the conduct and management rules pertaining thereto, which in turn shall also be to the benefit of the owners.
Restriction on Alienation. This unit shall not be sold or alienated in any way nor shall any transfer thereof be registered without the written consent of the Body Corporate and Combined Developers (Pty) Ltd, which consent will not be unreasonably withheld. By registering this condition against the title deed of the property, it allows the developer and the Body Corporate to uphold and safeguard the standard and condition of the development as intended, and it ensures compliance by the owners of all the conduct and management rules pertaining thereto, which in turn shall also be to the benefit of the owners. SIGNED at on this day of 201 , for and behalf of THE SELLER who warrants that he/she is duly authorised thereto. Full name Signature Capacity of signatory ID Number of signatory AS WITNESSES: 1. Full name Signature Capacity of witness ID Number of witness 2. Full name Signature Capacity of witness ID Number of witness SIGNED at on this day of 201 , for and behalf of THE PURCHASER who warrants that he/she is duly authorised thereto. Full name Signature Capacity of signatory ID Number of signatory

Examples of Restriction on Alienation in a sentence

  • It starts with an Introduction, Meaning of Alienation, Nature and Scope of Alienation, Types of Alienation, Consequences of Alienation Without consent and Legal Restriction on Alienation of Land.

  • In respect of concerns expressed by certain delegations on the area of land ownership and investment regime, Sri Lanka wishes to inform the Membership of the WTO that a new land policy has been introduced and accordingly the new Land (Restriction on Alienation) Act No. 38 of 2014 was promulgated.

  • Introduction--------303.2Meaning of Alienation------323.3Nature and Scope of Alienation-----343.4Types of Alienation-------353.5Consequences of Alienation without Requisite Consent- -383.5Legal Restriction on Alienation of Land ----41 CHAPTER FOUR: AN ANALYSIS OF THE REQUIREMENT OF GOVERNOR’S CONSENT FOR ALIENATION UNDER LAND USE ACT.

  • This led to our revised profit forecast in April this year which, with the benefit of hindsight, has proved to be amarginally conservative indication of our final year-end position.

  • Restriction on Alienation: The tenant shall not assign, underlet, part with the possession of, or transfer the premises or any part thereof or any interest therein.

  • The Kiribati land tenure system is encapsulated in six legislations, namely the Native Land Ordinance of 1956, the Gilbert and Phoenix Islands Lands Code, the Landowners Taxation Ordinance, the Neglected Lands Ordinance, the Non-Native Land (Restriction on Alienation) Ordinance of 1974, and the Native Land (Amendment No.2) Ordinance.

  • Land policy is stipulated in the Land (Restriction on Alienation) Act, No 38 of 2014.

  • The Ministry of Finance suggested reforming the Land (Restriction on Alienation) Act to suspend the requirement of the payment of lease rentals upfront, as this was considered a significant impediment to the sustainability of ongoing business and also increased the cost of entry for foreign investment.

  • Value Added Tax, Nation Building Tax, Betting and Gaming Levy and Land (Restriction on Alienation) Act will be implemented with effect from January 1, 2016.

  • In no event will such benefit escheat under the California law.10.7 Restriction on Alienation: No benefit or interest available under the Plan will be subject to assignment or alienation, either voluntarily or involuntarily.

Related to Restriction on Alienation

  • Restriction of Use means, in respect of any day, any difference from the normal capability of all or any part of the Routes (where the normal capability of the Routes is expressed in the Applicable Timetable Planning Rules relevant to that day notified to each Timetable Participant on or before D-26) which results in:

  • restriction of processing means the marking of stored personal data with the aim of limiting their processing in the future;

  • Restrictions means the restrictions on sale or other transfer set forth in Section 4.2 and the exposure to forfeiture set forth in Section 3.1.

  • Burdensome Restrictions means any consensual encumbrance or restriction of the type described in clause (a) or (b) of Section 6.10.

  • Encumbrance means any charge, claim, community property interest, pledge, condition, equitable interest, lien (statutory or other), option, security interest, mortgage, easement, encroachment, right of way, right of first refusal, or restriction of any kind, including any restriction on use, voting, transfer, receipt of income or exercise of any other attribute of ownership.

  • Encumber “Encumbering,” or “Encumbrance” means the creation of a security interest, lien, pledge, mortgage or other encumbrance, whether such encumbrance be voluntary, involuntary or by operation of Applicable Law.

  • Transfer Provisions means the provisions of Section 00-00-000 of the FILOT Act, as amended or supplemented from time to time, concerning, among other things, the necessity of obtaining County consent to certain transfers. Any reference to any agreement or document in this Article I or otherwise in this Fee Agreement shall include any and all amendments, supplements, addenda, and modifications to such agreement or document.

  • Payment Restriction shall have the meaning set forth in Section 6.1.

  • Ownership Restrictions means collectively the Ownership Limit as applied to Persons other than the Initial Holder or Look-Through Entities, the Initial Holder Limit as applied to the Initial Holder and the Look-Through Ownership Limit as applied to Look-Through Entities.

  • Dealing Restrictions means restrictions imposed by statute, order, regulation or Government directive, or by the Model Code or any code adopted by the Company based on the Model Code and for this purpose the Model Code means the Model Code on dealings in securities set out in Listing Rule 9, annex 1 (of the London Stock Exchange), as varied from time to time;

  • Investment Restrictions means the investment restrictions of the Fund as set forth in the Declaration of Trust including, without limitation, those described in section 2.0 of this Annual Information Form.

  • transfer of funds means any transaction at least partially carried out by electronic means on behalf of a payer through a payment service provider, with a view to making funds available to a payee through a payment service provider, irrespective of whether the payer and the payee are the same person and irrespective of whether the payment service provider of the payer and that of the payee are one and the same, including:

  • Internal lot restriction means a platted note, platted demarcation, or platted designation that:

  • RMB Non-Transferability means the occurrence of any event that makes it impossible for the Issuer to deliver RMB between accounts inside Hong Kong or from an account inside Hong Kong to an account outside Hong Kong (including where the RMB clearing and settlement system for participating banks in Hong Kong is disrupted or suspended), other than where such impossibility is due solely to the failure of the Issuer to comply with any law, rule or regulation enacted by any Governmental Authority (unless such law, rule or regulation is enacted after the Issue Date of the first Tranche of the relevant Series and it is impossible for the Issuer due to an event beyond its control, to comply with such law, rule or regulation);

  • Transfer Restriction means any condition to or restriction on the ability of the Subscriber to pledge, sell, assign or otherwise transfer the Shares under any organizational document, policy or agreement of, by or with the Company, but excluding the restrictions on transfer described in paragraph 6(c) of this Subscription Agreement with respect to the status of the Shares as “restricted securities” pending their registration for resale or transfer under the Securities Act in accordance with the terms of this Subscription Agreement.

  • Put Restriction means the days between the beginning of the Pricing Period and Closing Date. During this time, the Company shall not be entitled to deliver another Put Notice.

  • alienate , in relation to land, means sell, exchange or donate, irrespective of whether such sale, exchange or donation is subject to a suspensive or resolutive condition, and “alienation” has a corresponding meaning;”

  • Private Restrictions means (as they may exist from time to time) any and all covenants, conditions and restrictions, private agreements, easements, and any other recorded documents or instruments affecting the use of the Property, the Building, the Leased Premises, or the Outside Areas.

  • Restriction Period means any period designated by the Committee during which (i) the Common Stock subject to a Restricted Stock Award may not be sold, transferred, assigned, pledged, hypothecated or otherwise encumbered or disposed of, except as provided in this Plan or the Agreement relating to such award, or (ii) the conditions to vesting applicable to a Restricted Stock Unit Award shall remain in effect.

  • Restricted Distribution means as to any Person (i) any dividend or other distribution on any equity interest in such Person (except those payable solely in its equity interests of the same class) or (ii) any payment on account of (a) the purchase, redemption, retirement, defeasance, surrender or acquisition of any equity interests in such Person or any claim respecting the purchase or sale of any equity interest in such Person or (b) any option, warrant or other right to acquire any equity interests in such Person.

  • Restricted means the outcome of an adverse action that limits a license or the privilege to practice.

  • Public nuisance means a building that is a menace to the public health, welfare, or safety, or that is structurally unsafe, unsanitary, or not provided with adequate safe egress, or that constitutes a fire hazard, or is otherwise dangerous to human life, or that in relation to the existing use constitutes a hazard to the public health, welfare, or safety by reason of inadequate maintenance, dilapidation, obsolescence, or abandonment. “Public nuisance” includes buildings with blighting characteristics as defined by Iowa Code section 403.2.

  • Transfer Restrictions means restrictions that prohibit the sale, exchange, transfer, assignment, pledge, hypothecation, fractionalization, hedge or other disposal (including through the use of any cash-settled instrument), whether voluntarily or involuntarily by the Grantee, of an Award or any shares of Common Stock, cash or other property delivered in respect of an Award.

  • Trade Restrictions means trade, economic or investment sanctions, export controls, anti-terrorism, non- proliferation, anti-money laundering and similar restrictions in force pursuant to laws, rules and regulations imposed under Laws to which the Parties are subject.

  • Restriction : means to withhold from circulation, use or publication any personal information that forms part of a filing system, but not to delete or destroy such information;

  • Restricted Award means any Award granted pursuant to Section 7.2(a).