TRANSFER FOR CONVENIENCE OF OWNERSHIP Sample Clauses

TRANSFER FOR CONVENIENCE OF OWNERSHIP. In the event the proposed transfer is to a corporation or partnership formed solely for the convenience of ownership, Franchisor's consent may be conditioned upon any of the requirements set forth at Section XII.B.(2), except that the requirements set forth at Sections XII.B.(2)(c), (g), (h), (i), (k) and (1) shall not apply. With respect to a transfer to a corporation or partnership formed for the convenience of ownership, Franchisee shall be the owner of all of the voting stock or interest of the corporation and if Franchisee is more than one individual, each individual shall have the same proportionate ownership interest in the corporation as he had in Franchisee prior to the transfer.
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TRANSFER FOR CONVENIENCE OF OWNERSHIP. If a proposed Transfer is to a corporation, partnership, limited liability company or other entity formed solely for the convenience of ownership of the existing Investors, to the extent permitted under applicable state law, Xxxxxx’x consent may be conditioned upon any of the requirements in Article 15.2, except that the requirements in Articles
TRANSFER FOR CONVENIENCE OF OWNERSHIP. In the event that the proposed transfer is to a business entity formed by Developer solely for the convenience of ownership, Franchisor's consent to such transfer shall be conditioned upon the requirements set forth in this Section 9 except for the requirements of Sections 9.C(3), (4), (6), and (7); and provided that Developer shall pay a transfer fee of Five Hundred Dollars ($500.00), or such greater amount as is reasonably necessary to reimburse Franchisor for its expenses in connection with the approval of the transfer and shall deliver to Franchisor the documents described in Section 13.B with respect to such business entity. Developer shall be the owner of all the voting stock or equity interest of the entity and if Developer has more than one Owner, each Owner shall have the same proportionate ownership interest in the entity as he had in Developer prior to the transfer.
TRANSFER FOR CONVENIENCE OF OWNERSHIP. In the event the proposed transfer is to a corporation formed solely for the convenience of ownership, Airsopure consent may be conditioned upon any of the requirements in Section 7.B.(2), except that the requirements in Sections 7.B.(2)(c),(e),(f) and (g) shall not apply. You shall be the owner of all the voting stock or interest of the corporation and if You are more than one individual, each individual shall have the same proportionate ownership interest in the corporation as he had in You prior to the transfer.
TRANSFER FOR CONVENIENCE OF OWNERSHIP. In the event the proposed transfer is to a corporation or partnership formed solely for the convenience of ownership, Franchisor's consent may be conditioned upon any of the requirements set forth at Section XII.B.(2), except that the requirements set forth at Sections XII.B.(2)(c), (g), (h), (i),

Related to TRANSFER FOR CONVENIENCE OF OWNERSHIP

  • Form of Ownership Check the appropriate box (one only) to indicate form of ownership. If the subscriber is a Custodian, Corporation, Partnership or Trust, please provide the additional information requested. o Individual o Joint Tenants with Right of Survivorship (Both signatures must appear on page 6.) o Corporation, Limited Liability Company or Partnership (Corporate Resolutions, Operating Agreement or Partnership Agreement must be enclosed.) o Trust Trustee’s Name: Trust Date: o Other: Provide detailed information in the space immediately below.

  • Transfer of Ownership Trust..........................................................

  • Change of Ownership Contractor agrees that if there is a change or transfer in ownership of Contractor’s business prior to completion of this Contract, the new owners shall be required under terms of sale or other transfer to assume Contractor’s duties and obligations contained in this Contract and complete them to the satisfaction of County.

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