Sale or transfer definition

Sale or transfer means the conveyance of Real Property or any right, title or interest therein; whether legal, beneficial or equitable; whether voluntary or involuntary; whether by outright sale, deed, installment sale contract, land contract, contract for deed, leasehold interest with a term greater than three (3) years, lease-option contract, or by sale, assignment, or transfer of any beneficial interest in or to any land trust holding title to the Real Property, or by any other method of conveyance of Real Property interest. If any Trustor is a corporation, partnership or limited liability company, transfer also includes any change in ownership of more than twenty-five percent (25%) of the voting stock, partnership interests or limited liability company interests, as the case may be, of Trustor. However, this option shall not be exercised by Lender if such exercise is prohibited by applicable law.
Sale or transfer. Means any change of ownership during the period of time that a license is valid, whether or not there is consideration, except:

Examples of Sale or transfer in a sentence

  • On May 31, Chase maileda “Notice of Assignment, Sale, or Transfer of Servicing Rights” to Plaintiff, informing him that Chase could no longer accept payments on his mortgage loan and that the loan had been transferred and assigned to SLS with an effective date of June 17, 2013.


More Definitions of Sale or transfer

Sale or transfer means the sale or transfer of an entire real property estate or the fee interest in that real property estate and does not include the sale or transfer of a partial interest, including a leasehold.
Sale or transfer means any change of ownership during the lifetime of the license holder, whether or not there is consideration, or after the death of the license holder, except a change in ownership where title is held in survivorship with a spouse or domestic partner, or transfers on the owner’s death to a trust which benefits only a spouse, child(ren) or registered domestic partner for the lifetime of the spouse, child(ren) or registered domestic partner. A sale or transfer also does not mean (1) the transfer of ownership of the real property to or between the members of a limited liability company or partnership when the transfer involves the same owner(s), or (2) the transfer to a trustee, a corporation, a partnership, a limited partnership, a limited liability partnership, or other similar entity, if at least one owner is living at the time of transfer and retains at least a 25% interest in the entity. The permit or non-conforming right shall terminate if the original owner ceases to own at least a 25% interest in the entity. If the owner is a corporation, the shareholders of the corporation shall be considered the owners for purposes of this section.
Sale or transfer means the sale or transfer of an entire real property estate or the fee interest in that real
Sale or transfer means the conveyance or leasing of the Real Property or any right, title or interest therein; whether legal, beneficial or equitable; whether voluntary or involuntary; whether by outright sale, deed, installment sale contract, land contract, leasehold interest, lease-option contract, or by any other method of conveyance.
Sale or transfer means any sale or transfer involving a change of control which shall be deemed to have occurred upon the (i) acquisition of beneficial ownership of fifty (50%) percent or more of the then outstanding shares of the Purchaser's capital stock; (ii) approval by the stockholders of Purchaser of a reorganization, share exchange, merger or consolidation with respect to which, in any such case, the persons who were the stockholders of Purchaser immediately prior to such event do not, immediately thereafter, own more than fifty (50%) percent of the combined voting power entitled to vote; (iii) liquidation or dissolution of Purchaser; (iv) a sale of all or substantially all of the assets of Purchaser; or (v) filing of a change of ownership application with the U.S. Department of Education ("USDOE"). On or before June 1, 2010, the Institution shall be listed for sale with reputable industry agents and marketed at a multiple of earnings consistent with the industry norm. From and after such date, Purchaser and Ms. Takes shall make continuing good faith best efforts to conclude such sale. The terms of each listing of sale of the Institution and copies of all offers received, inclusive of any appraisals or valuations by any party, and draft and final closing documents for the sale shall be delivered to Seller when received by Purchaser or Ms. Takes. In any instance in which value or price is being determined by fair market value and particularly, but not limited to the case of any of transaction described in items (ii) or (iii) above, Purchaser shall provide not less than three (3) weeks prior to closing an independent appraisal. Seller and Purchaser shall jointly agree on the appraiser to perform the valuation and each of Seller and Purchaser shall receive a copy of the appraisal immediately upon its issuance.
Sale or transfer regulated by this act means the sale
Sale or transfer means the actual or constructive transfer of possession of an illegal drug, with or without consideration, whether directly or through an agent.