Change of Title. Lender has no present intention of transferring its interest in the Property and agrees not to transfer the Property during the term of the loan. If, due to any unforeseeable circumstances, title to the Property is transferred during such period, such transfer shall be subject to the terms of this Agreement and Lender shall notify GMP promptly in writing of the transfer. Unless GMP has received a written notification of change of title, GMP is entitled to assume the Property belongs to Lender and will return the Property to Lender upon termination of the loan.
Change of Title. An employee in a title covered by this Agreement promoted to a title excluded from this Agreement will no longer be covered upon the effective date of promotion. No other change of title affects coverage.
Change of Title. Guarantor agrees that no change of ownership or legal title to the Property, whether effected with or without the consent of the Agency, shall affect or change or discharge the obligations of the Guarantor hereunder.
Change of Title. (a) That, if title to the Mortgaged Property or any part thereof or any interest therein or any change in the ownership interests of Mortgagor or any legal entity comprising Mortgagor is terminated, dissolved, sold, assigned, transferred, conveyed, mortgaged, encumbered or otherwise changed (including any such changes as security for additional financing), whether voluntarily or involuntarily or by operation of law, or any lease which gives the tenant any option to purchase the Mortgaged Property or any part thereof is entered into, in any case without the prior written consent of Mortgagee, then in any such event, Mortgagee, at its sole option, may accelerate the Loan and declare the Note secured hereby and all other obligations hereunder to be forthwith due and payable and shall have all other rights and remedies set forth herein. Any consent by Mortgagee to a change in ownership or to a change in the composition of Mortgagor may be conditioned upon payment of a transfer fee equal to one percent (1%) of the then outstanding Indebtedness for processing such request for consent, upon an increase in the rate of interest on the then unpaid principal balance of the Loan to a then-current market rate, and/or other terms and conditions as Mortgagee may impose in its sole discretion. For purposes hereof and particularly Sections 4.02(b) and 5.01(k), the terms "sell, assign, transfer or convey" shall include, in addition to the common and ordinary meanings of those terms and without limiting their generality, transfers made to a subsidiary or affiliated entity(ies), transfers to a reconstituted limited partnership or limited liability company, transfers made by any partnership or limited liability company to the individual partners or members, as applicable, or vice-versa, transfers made by a partner or member to other partners or members, as applicable, or to third parties, transfers by any corporation to its stockholders or vice-versa, any corporate merger or consolidation and transfers made by any individual(s) to any other individual(s) or any entity, or vice-versa.
Change of Title. FOB POINT. Purchaser will not receive title to any either solely or jointly with Purchaser conceives, makes or reduces to practice, are the products/systems which are the subject of this Agreement until MCC receives payment in absolute and sole property of MCC. No right, title or interest in such Intellectual Property are full. MCC reserves the right to remove its products/services for Purchaser’s failure to timely conveyed to Purchaser unless done unless agreed to in a separate, issue specific, written comply with all the payment terms set forth in the accompanying Quote regardless of agreement signed by a corporate officer of MCC. whether MCC’s products/services have been integrated into other products/application and 11. CONFIDENTIALITY. Purchaser acknowledges that all Intellectual Property as previously without liability or responsibility as to the effect of such removal upon such defined herein and all MCC’s applications, operating systems, data bases, computer products/applications of Purchaser. PURCHASER BEARS THE RISK OF LOSS OF ALL software, all modifications, enhancements, and versions and all available options, and all PRODUCTS/SERVICES UNTIL SUCH ITEMS ARE PAID FOR IN FULL. FOB IS MCC future products developed or derived therefrom, all source and object codes, flowcharts, DOCKS OR SHIPPING POINT. algorithms, coding sheets, routines, sub-routines, compilers, assemblers, design concepts,
Change of Title. It is the intent of this agreement that any employee who has a change in title in which his or her position is advanced to a higher paying title, will not receive any less total remuneration than received under his or her previous title. Under such circumstances, adjustments in Years of Service shall be permitted as required in establishing the base salary.
Change of Title. Xxxxxx has no present intention of transferring its interest in the Property and agrees not to transfer the Property during the term of the loan. If, due to any unforeseeable circumstances, title to the Property is transferred during such period, such transfer shall be subject to the terms of this Agreement and Lender shall notify [Insert museum name] promptly in writing of the transfer. Unless [Insert museum name] receives written notification of change of title, [Insert museum name] will return the Property to Lender upon termination of the loan.
Change of Title. Wherever in the Employment Agreement the Executive is referred to as "Executive Vice President" and "Chief Operating Officer", those terms shall be replaced by the term "Interim Chief Executive Officer" and "Interim President".
Change of Title. Upon completion of the Initial Term, Executive --------------- shall be employed as Chairman of the Board for a second 3-year period, or until designation of Executive as Chairman Emeritus as set forth below. As Chairman of the Board, Executive shall be responsible for the duties normally and customarily attendant to such office. Executive shall render such other services and duties of an executive nature consistent with the duties of a senior executive officer of the Company as may from time to time be designated by the Board. Thereafter, the Parties agree that Executive shall serve as Chairman Emeritus as more fully set forth below.
Change of Title. Effective December 6, 2007 (“Effective Date”), Employee’s title shall change from Chief Executive Officer and Director, to Special Advisor to the Chief Executive Officer (“Change of Title”). After the Change of Title, Employee shall no longer be an Officer or Director of Employer, but Employee shall remain a full-time, at-will employee of Employer under his Employment Agreement and, report to the Chief Executive Officer, until the Termination Date.
