Transfer Approval definition
Examples of Transfer Approval in a sentence
If the lender’s approval of a transfer of the Property is required, this Contract is 195 conditional upon Buyer obtaining such approval without change in the terms of such loan, except as set forth in § 4.6. If lender’s 196 approval is not obtained by Loan Transfer Approval Deadline, this Contract will terminate on such deadline.
If applicable, compliance with the requirements for release 149 from liability will be evidenced by delivery on or before Loan Transfer Approval Deadline at Closing of an appropriate 150 letter of commitment from lender.
If the lender’s approval of a transfer of the Property is required, this 197 Contract is conditional upon Buyer obtaining such approval without change in the terms of such loan, except as set forth in § 4.6. 198 If lender’s approval is not obtained by Loan Transfer Approval Deadline, this Contract will terminate on such deadline.
If Service Company so designates such a Designated Transferee(s) within such period, and subject to the limitation stated in Section 3(a) above, then the Member will transfer and convey to the Designated Transferee(s) all of the Membership Interests held by the Member, free and clear of all liens, security interests and other encumbrances, at a closing to be held at the offices of Service Company on such date and at such time within thirty (30) days following the receipt of the Transfer Approval.
If applicable, compliance with the requirements for 149 release from liability will be evidenced by delivery on or before Loan Transfer Approval Deadline at Closing of an 150 appropriate letter of commitment from lender.
Notwithstanding the Designated Transferee(s)’s obligation to pay the Purchase Price to the Member, upon the occurrence of a Transfer Event and the Designated Transferee obtaining the Transfer Approval, the Membership Interests will be immediately and automatically transferred to the Designated Transferee(s).
If applicable, compliance with the requirements for 140 release from liability will be evidenced by delivery on or before Loan Transfer Approval Deadline (§ 3) at Closing of 141 an appropriate letter of commitment from lender.
If the City fails to provide a written Transfer Approval or Deficiency Notice within the seven (7) day period, the City shall continue to incur and shall be required to pay Hosting Fees on a month to month basis for the extended period.
If the Consent to Transfer Approval is not obtained and SCOLP fails or elects not to terminate this Agreement, SCOLP shall be required to satisfy the Existing Mortgage and pay any prepayment fee, premium or penalty as set forth in the Existing Mortgage or related documents.
If the lender’s approval of a transfer of the Property is required, this Contract is 241 conditional upon Buyer obtaining such approval without change in the terms of such loan, except as set forth in § 4.6. If lender’s 242 approval is not obtained by Loan Transfer Approval Deadline, this Contract will terminate on such deadline.