DISPOSITION OF INTEREST Clause Samples

DISPOSITION OF INTEREST. 6.01 Neither party shall dispose of its interest in this Agreement or any renewal thereof without the prior written consent of the other party.

DISPOSITION OF INTEREST. In the event of a Disposition of some or all of a Partner's Interest in the Company, the Capital Account of the Disposing Partner shall become the Capital Account of the Assignee, to the extent it relates to the portion of the Interest Disposed of.

DISPOSITION OF INTEREST. The Borrower shall (except as permitted by Section 6.13 hereof) sell or otherwise dispose of any of its interest in the Project.

DISPOSITION OF INTEREST. 13.1 Neither Platinum nor Wheaton will transfer, convey, assign, mortgage, charge or grant any option in respect of or grant a right to purchase or in any manner transfer or alienate any or all of its interest in the Underlying Options: (a) before expiry of the Option Period; or (b) after expiry of the Option Period except with the written consent of the other party in its sole discretion and only after any proposed transferee has entered into an agreement satisfactory to such other party, agreeing to be bound by this agreement. 13.2 The provisions of this Section 13 will not prevent a party from entering into an amalgamation or corporate reorganization which would have the effect in law of the amalgamated or surviving company possessing all the Properties, rights and interests and being subject to all the debts, liabilities and obligations of each amalgamating or predecessor company.

DISPOSITION OF INTEREST. Except as provided by law, no monies, property or equity or interest of any nature whatsoever in the Health Fund or policies or benefits or monies payable therefrom shall be subject in any manner, by any Writer or Retiree or person claiming through such Writer or Retiree, to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, garnishment, mortgage, lien or charge, and any attempt to cause the same to be subject thereto shall be null and void.

DISPOSITION OF INTEREST. There are five routes available for total or partial disposition or liquidation of the Interest of a Limited Partner in the Partnership, namely: (a) A sale of all or a portion of all of the Partnership Property and distribution of the Extraordinary Cash Sale Proceeds within thirty (30) days of closing of the sale. (b) The Limited Partner at any time may make an offer in writing to the General Partner to purchase for cash the Interest of the General Partner in the Partnership. The written offer shall specify the purchase price for the General Partner’s Interest equal to the full amount which the General Partner would receive (without consideration of any minority interest discount) if all of the Partnership’s Property were sold to a third party for a price determined by the Limited Partner (the “LP Price”) and the proceeds of sale distributed to the Partners in accordance with the terms of the Partnership Agreement. Within thirty (30) days from receipt of the written offer from the Limited Partner, the General Partner, by written notice served upon the Limited Partner, may respond by committing to purchase the Interest of the Limited Partner for cash, said purchase price to be equal to the full amount which the Limited Partner would receive if all of the Partnership’s Property were sold to a third party for the LP Price and the proceeds of sale distributed to the Partners in accordance with the terms of the Partnership Agreement. If the General Partner does not so respond to the Limited Partner within thirty (30) days, the General Partner shall be deemed to have accepted the offer of the Limited Partner. If the General Partner does so respond within thirty

DISPOSITION OF INTEREST. 12.1 No party (the "Transferor") will transfer, convey, assign, mortgage or grant an option in respect of or grant a right to purchase or in any manner transfer or alienate or agree to transfer or alienate (all of which are collectively referred to in this section 12 as a "Transfer") any or all of its rights under this agreement or in or to the Property (collectively, a party's "Holdings") prior to the exercise of the Wheaton, and thereafter only in accordance with this section 12. 12.2 No Transfer of any of a party's Holdings will be effective unless the Transferor is not in material default of any term or provision of this agreement at the time of Transfer and until any proposed assignee, transferee, purchaser, grantee or encumbrancer of such Holdings ("Transferee") has executed and delivered to all parties an agreement, in form and substance satisfactory to counsel for the remaining parties and related to this Agreement, containing:

DISPOSITION OF INTEREST. 6.01 Neither party shall dispose of its interest in this Agreement or any renewal thereof without the prior written consent of the other party. 6.02 The remaining assets (equipment) of the ▇▇▇▇▇▇▇▇ Community School would remain the property of the Board.

DISPOSITION OF INTEREST. 12.1 APM may at any time sell, transfer or otherwise dispose of all or any portion of its interest in and to the Property, the Option and this Agreement after having first obtained the written consent of the Seller (such consent not to be unreasonably withheld or delayed), provided that any purchaser, grantee or transferee of any such interest will have first delivered to APM, and the Seller its agreement related to this Agreement and to the Property, containing: (a) a covenant with the Seller by such transferee to perform all the obligations of APM to be performed under this Agreement in respect of the interest to be acquired by it from the Seller; (b) a provision subjecting any further sale, transfer or other disposition of such interest in the Property and this Agreement or any portion thereof to the restrictions contained in this subsection 12.1; whereupon APM will be released from any further liability hereunder in respect of such interest.