General Prohibition on Transfers. Except as is specifically permitted by the provisions of this ARTICLE TWO, the sale, assignment, pledge, gift, transfer or other disposition of any of Shareholder's "Stock" (as defined in Section 6.13 hereof), either directly or indirectly, to any person or entity, is prohibited.
General Prohibition on Transfers. Borrower acknowledges that Lender has relied upon the principals of Borrower and their experience in owning and operating the Property and properties similar to the Property in connection with the closing of the loan evidenced by the Note. Accordingly, except as specifically allowed in the remaining subsections of this Sections 2.9 and notwithstanding anything to the contrary contained in Section 6.6 hereof, in the event that the Property or any part thereof or direct or indirect interest therein or direct or indirect interest in Borrower shall be sold, conveyed, disposed of, alienated, hypothecated, leased (except to Tenants of space in the Improvements in accordance with the provisions of Section 2.8 hereof), assigned, pledged, mortgaged, further encumbered or otherwise transferred or Borrower shall be divested of its title to the Property or any direct or indirect interest therein, in any manner or way, whether voluntarily or involuntarily (each, a “Transfer”), without the prior written consent of Lender being first obtained, which consent may be withheld in Lender’s sole discretion, then the same shall constitute an Event of Default and Lender shall have the right, at its option, to declare any or all of the Debt, irrespective of the maturity date specified in the Note, immediately due and payable and to otherwise exercise any of its other rights and remedies contained in Article V hereof. A Transfer within the meaning of this Section 2.9 shall be deemed to include, among other things: (i) an installment sales agreement wherein Borrower agrees to sell the Property or any part thereof for a price to be paid in installments; and (ii) an agreement by Borrower leasing all or a substantial part of the Property for other than actual occupancy by a space tenant thereunder or a sale, assignment or other transfer of, or the grant of a security interest in, Borrower’s right, title and interest in and to any Leases or any Rents and Profits.
General Prohibition on Transfers. (a) No Securityholder shall, directly or indirectly, Transfer any of such Securityholder’s Securities except (i) in accordance with the terms and conditions of this Agreement or (ii) to any Permitted Transferee. Any Transfer made or attempted in violation of this Agreement shall be null and void.
General Prohibition on Transfers. (a) Prior to the consummation of a Qualified IPO, no Shareholder may Transfer any right, title or interest in any or all of its Equity Securities, except that:
General Prohibition on Transfers. The REIT, the Partnership and the Companies agree, for the benefit of the Protected Members, for the term of the Protected Period, that no Company or Subsidiary will Transfer any Protected Property or any interest therein except as expressly permitted pursuant to this Agreement.
General Prohibition on Transfers. (a) Prohibition on Transfers Generally. No Management Investor shall, at any time prior to an IPO, Transfer any shares of Common Stock, unless such Transfer is made in accordance with Section 2.3, 2.4 or 2.5 or pursuant to a Piggyback Registration, and any Transfer by any Management Investor of any shares of Common Stock owned as of the date hereof or hereafter acquired not in accordance with such provisions shall be null and void.
General Prohibition on Transfers. (a) Except for Transfers made pursuant to the provisions of this Article 11, no Person may voluntarily Transfer a Membership Interest without the prior approval of the Managers and the Required Interest of the Members. Any Transfer or purported Transfer of a Membership Interest not made in accordance with this Article 11 is null and void.
General Prohibition on Transfers. Except as otherwise set forth in this Article XII, no Partner may Transfer any portion of its Partnership Interest without the prior written consent of all other Partners, which may be granted or withheld in each Partner’s sole and absolute discretion, and any attempt to do so shall be null and void. For purposes of this Section 12.1, transfers of interests in DDR or TRT and changes in ownership of any corporation, partnership, limited liability company or other entity that owns an interest in DDR or TRT shall not be prohibited or be considered a transfer of the Partnership Interest of DDR or TRT. No Transfer (whether or not contemplated by this Agreement) shall give the transferee the right to be admitted as a Substitute Partner except as set forth in Sections 12.2 and 12.5.
General Prohibition on Transfers. Except as otherwise expressly permitted under this Agreement, no Transfer of Shares may occur without the prior express written consent of the Founders, which consent may be unilaterally and arbitrarily withheld, and subject to such conditions as such consenting Founders consider in their sole discretion to be appropriate.
General Prohibition on Transfers. Notwithstanding any other provision of this Agreement to the contrary, no Class A Member may Transfer all or any part of its Membership Interest except in a transaction that is (a) exempt from registration under the Securities Act and any other applicable securities laws, (b) permitted by the terms of any financing agreements or other material agreements to which the Company is a party, any agreements to which the Member seeking to Transfer such Membership Interest is a party and all applicable laws, (c) in compliance with this Article VIII, and (iv) the Manager consents in writing to such Transfer (a “Qualifying Transaction”). Any purported Transfer in breach of the terms of this Agreement shall be null and void ab initio, and the Company shall not recognize any such prohibited Transfer.
