PROHIBITION ON TRANSFER definition

PROHIBITION ON TRANSFER. The present ownership and management of the Property is a material consideration to Mortgagee in making the loan secured by this instrument, and Mortgagor shall not (i) convey title to all or any part of the Property, (ii) enter into any contract to convey (land contract/installment sales contract/contract for deed) title to all or any part of the Property which gives a purchaser possession of, or income from, the Property prior to a transfer of title to all or any part of the Property ("Contract to Convey") or (iii) cause or permit a Change in the Proportionate Ownership (as hereinafter defined) of Mortgagor. Any such conveyance, entering into a Contract to Convey or Change in the Proportionate Ownership of Mortgagor shall constitute a default under the terms of this instrument.
PROHIBITION ON TRANSFER. The present ownership and management of the Property is a material consideration to Beneficiary in making the loan secured by this instrument, and Grantor shall not (i) convey title to all or any part of the Property, (ii) enter into any contract to convey (land contract/installment sales contract/contract for deed) title to all or any part of the Property which gives a purchaser possession of, or income from, the Property prior to a transfer of title to all or any part of the Property ("Contract to Convey") or (iii) cause or permit a Change in the Proportionate Ownership (as hereinafter defined) of Grantor. Any such conveyance, entering into a Contract to Convey or Change in the Proportionate Ownership of Grantor shall constitute a default under the terms of this instrument.
PROHIBITION ON TRANSFER. One-Time Transfer”; or (ii) “Other Liens”, such that the breach becomes an Event of Default; and

Examples of PROHIBITION ON TRANSFER in a sentence

  • Prohibition on transfer of contract and certain allowable assignments(a) GENERAL PROHIBITION ON TRANSFER OF CON- TRACTS.—The party to whom the Federal Gov- ernment gives a contract or order may not transfer the contract or order, or any interest in the contract or order, to another party.

  • PROHIBITION ON TRANSFER OF COL- LECTION MANAGEMENT PERSONNEL FROM GENERAL DEFENSE INTEL- LIGENCE PROGRAM TO COMMUNITY MANAGEMENT ACCOUNT.No funds authorized to be appropriated by this Act may be transferred from the General Defense Intelligence Program to the Community Management Account for purposes of transfer- ring intelligence collection management per- sonnel.SEC.

  • PROHIBITION ON TRANSFER OF MEDICAL FREE ELECTRON LASER PROGRAM.The Medical Free Electron Laser Program (PE 0602227D8Z) may not be transferred from the Department of Defense to the National Institutes of Health, or to any other department or agency of the Federal Government.SEC.

  • PROHIBITION ON TRANSFER OF COL- LECTION MANAGEMENT PERSONNEL FROM GENERAL DEFENSE INTEL- LIGENCE PROGRAM TO COMMUNITY MANAGEMENT ACCOUNT.No funds authorized to be appropriated by this Act may be transferred from the Gen- eral Defense Intelligence Program to the Community Management Account for pur- poses of transferring intelligence collection management personnel.SEC.

  • PROHIBITION ON TRANSFER OF CERTAIN AMOUNTS.—The Secretary may not transfer any amounts from the Veterans Choice Fund established under section 802 of the Veterans Access, Choice, and Accountability Act of 2014 (Public Law 113–146; 38 U.S.C. 1701 note) to fund the increase under subsection (a) of the authorization to carry out the medical facility construction project described in subsection (b).

  • PROHIBITION ON TRANSFER OF PERSON- ALLY IDENTIFIABLE SENSITIVE DATA OF UNITED STATES INDIVID- UALS TO FOREIGN ADVERSARIES.

  • PROHIBITION ON TRANSFER OF MED- ICAL FREE ELECTRON LASER PRO- GRAM.Not ithstanding any other provision of la , the Medical Free Electron Laser Program (PE 0602227D8Z) may not be transferred from the Department of Defense to the National Insti- tutes of Health, or to any other department or agency of the Federal Government.SEC.

  • PROHIBITION ON TRANSFER OR RELEASE OF INDIVIDUALS DETAINED AT GUANTANAMO TO YEMEN.None of the amounts authorized to be available to the Depart- ment of Defense may be used to transfer, release, or assist in the transfer or release, during the period beginning on the date of en- actment of this Act and ending on December 31, 2015, any indi- vidual detained at Guantanamo (as such term is defined in section 1032(c)) to the custody or control of the Republic of Yemen or any entity within Yemen.

  • The field economists through this process had direct impact on survey concepts, design, and implementation.

  • PROHIBITION ON TRANSFER OF IM- AGERY ANALYSTS FROM GENERAL DEFENSE INTELLIGENCE PROGRAM TO NATIONAL IMAGERY AND MAP- PING AGENCY PROGRAM.


More Definitions of PROHIBITION ON TRANSFER

PROHIBITION ON TRANSFER. The present ownership and management of the Property is a material consideration to Beneficiary in making the loan secured by this instrument, and

Related to PROHIBITION ON TRANSFER

  • RMB Non-Transferability means the occurrence of any event that makes it impossible for the Issuer to deliver RMB between accounts inside Hong Kong or from an account inside Hong Kong to an account outside Hong Kong (including where the RMB clearing and settlement system for participating banks in Hong Kong is disrupted or suspended), other than where such impossibility is due solely to the failure of the Issuer to comply with any law, rule or regulation enacted by any Governmental Authority (unless such law, rule or regulation is enacted after the Issue Date of the first Tranche of the relevant Series and it is impossible for the Issuer due to an event beyond its control, to comply with such law, rule or regulation);

  • Non-transferability means the occurrence of any event that makes it impossible for the Issuer to deliver Renminbi between accounts inside Hong Kong or from an account inside Hong Kong to an account outside Hong Kong, other than where such impossibility is due solely to the failure of the Issuer to comply with any law, rule or regulation enacted by any Governmental Authority (unless such law, rule or regulation is enacted after the Issue Date and it is impossible for the Issuer, due to an event beyond its control, to comply with such law, rule or regulation).

  • Right of First Refusal means the Company’s right of first refusal described in Section 8.

  • Right of First Refusal and Co-Sale Agreement means the agreement among the Company, the Purchasers, and certain other stockholders of the Company, dated as of the date of the Initial Closing, in the form of Exhibit G attached to this Agreement.

  • Right of First Refusal Agreement means the Second Amended and Restated Right of First Refusal and Co-Sale Agreement of even date herewith by and among the Company, the Investors and certain other parties named therein.

  • Transfer Provisions means the provisions of Section 00-00-000 of the FILOT Act, as amended or supplemented from time to time, concerning, among other things, the necessity of obtaining County consent to certain transfers. Any reference to any agreement or document in this Article I or otherwise in this Fee Agreement shall include any and all amendments, supplements, addenda, and modifications to such agreement or document.

  • Transfer Restrictions means restrictions that prohibit the sale, exchange, transfer, assignment, pledge, hypothecation, fractionalization, hedge or other disposal (including through the use of any cash-settled instrument), whether voluntarily or involuntarily by the Grantee, of an Award or any shares of Common Stock, cash or other property delivered in respect of an Award.

  • Burdensome Restrictions means any consensual encumbrance or restriction of the type described in clause (a) or (b) of Section 6.08.

  • Right of First Offer shall have the meaning set forth in Section 13.1 hereof.

  • Transfer Restriction means, with respect to any security or other property, any condition to or restriction on the ability of the holder thereof to sell, assign or otherwise transfer such security or other property or to enforce the provisions thereof or of any document related thereto, whether set forth in such security or other property itself or in any document related thereto or arising by operation of law, including, without limitation, such conditions or restrictions arising under federal, state or foreign laws or under any contracts, arrangements or agreements.

  • Existing Transfer Restrictions means Transfer Restrictions existing with respect to any securities by virtue of the fact that Counterparty may be an “affiliate” of the Issuer (as such term is defined in Rule 144 under the Securities Act).

  • transfer of funds means any transaction at least partially carried out by electronic means on behalf of a payer through a payment service provider, with a view to making funds available to a payee through a payment service provider, irrespective of whether the payer and the payee are the same person and irrespective of whether the payment service provider of the payer and that of the payee are one and the same, including:

  • Original Holder shall have the meaning given in the Recitals.

  • Shareholders Agreement has the meaning set forth in the recitals.

  • Trade Restrictions means trade, economic or investment sanctions, export controls, anti-terrorism, non- proliferation, anti-money laundering and similar restrictions in force pursuant to laws, rules and regulations imposed under Laws to which the Parties are subject.

  • Permitted Transfers has the meaning set forth in Section 4.2.17(d).

  • Certain Transactions, Description of Capital Stock," "Shares Eligible for Future Sale" and "Underwriters" and (B) in the Registration Statement in Items 14 and 15, in each case insofar as such statements constitute summaries of the legal matters, documents or proceedings referred to therein, fairly present the information called for with respect to such legal matters, documents and proceedings and fairly summarize the matters referred to therein;

  • Investors Agreement has the meaning set forth in Section 6.01(e).

  • Investment Restrictions means the investment restrictions of the Fund as set forth in the Declaration of Trust including, without limitation, those described in section 2.0 of this Annual Information Form.

  • Stockholders Agreement means the Stockholders Agreement, dated as of the date hereof, by and among the Company and the other parties thereto.

  • Master Standby Agreement means the Master Agreement for Standby Letters of Credit dated as of the Closing Date among Borrowers, as Applicant(s), and GE Capital, as issuer.

  • Securities Lending Agreement means an agreement under which a local agency agrees to transfer securities to a borrower who, in turn, agrees to provide collateral to the local agency. During the term of the agreement, both the securities and the collateral are held by a third party. At the conclusion of the agreement, the securities are transferred back to the local agency in return for the collateral.