Transfer of Interest Without Consent Clause Samples

The "Transfer of Interest Without Consent" clause restricts a party from transferring its rights or obligations under an agreement to another party without first obtaining approval from the other original party or parties. In practice, this means that if one party wishes to assign its stake, sell its interest, or delegate its responsibilities, it must seek and receive written consent before doing so. This clause is essential for maintaining control over who is involved in the agreement, preventing unwanted or unknown third parties from entering the contractual relationship, and thereby protecting the interests and expectations of all original parties.
Transfer of Interest Without Consent. Tenant’s interest under this Lease or in the Premises is transferred or passes to, or devolves upon, any other party in violation of Section 13.
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Transfer of Interest Without Consent. A Default by Tenant shall exist if Tenant's interest under this Lease or in the Demised Premises shall be transferred to or pass to or devolve upon any other party without Landlord's prior written consent.
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Transfer of Interest Without Consent. If Tenant's interest under this Lease or in the Premises shall, in whole or in part, be transferred to or pass to or devolve upon any other party in violation of the covenants and provisions of Section 16, or if Tenant shall in any other way fail to comply with Section 16.
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Transfer of Interest Without Consent. 21 12.6 Execution and Attachment Against............................................. 21 12.7
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Transfer of Interest Without Consent. A Default by Tenant shall exist if Tenant’s interest under this Lease or in the Demised Premises shall be transferred to or pass to or devolve upon any other party without Landlord’s prior written consent, except that Tenant shall have the right to transfer its interest in this Lease to any entity in the “controlled group”, as defined in Internal Revenue Code Section 267(f), of Quebecor Printing Inc., or Quebecor Printing (USA) Holdings Inc.
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Transfer of Interest Without Consent. Tena▇▇'▇ ▇nterest under this Lease or in the Premises is transferred or passes to, or devolves upon, any other party in violation of Section 15, and in the case of an inadvertent breach, but not a willful breach, Tena▇▇ ▇▇▇s not cure such breach within fifteen (15) days after written notice from Landlord.
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Related to Transfer of Interest Without Consent

  • Transfer of Interest The Interest is personal property and may be transferred or assigned, in whole or in part, as permitted by the Equityholders Agreement, in the sole discretion of the Member. Notwithstanding anything to the contrary set forth herein, no Interest in the Company may be issued, transferred or pledged in any manner whatsoever except in compliance with all applicable Gaming Licenses and Gaming Laws, except as contemplated by Section 9.2.

  • Transfer of Interest Amount The transfer of the Interest Amount will be made on the second Local Business Day following the end of each calendar month to the extent that Party B has earned and received such amount of interest and that a Delivery Amount would not be created or increased by that transfer, and on any other Local Business Day on which Equivalent Credit Support is transferred to the Transferor pursuant to Paragraph 2(b), provided that Party B shall only be obliged to transfer any Interest Amount to Party A to the extent that it has received such amount.

  • Transfer of Interests The Member may sell, assign, pledge, encumber, dispose of or otherwise transfer all or any part of the economic or other rights that comprise its Interest. The transferee shall have the right to be substituted for the Member under this Agreement for the transferor if so determined by the Member. No Member may withdraw or resign as Member except as a result of a transfer pursuant to this Section 7 in which the transferee is substituted for the Member. None of the events described in Section 18-304 of the Act shall cause the Member to cease to be a Member of the Company.

  • Transfer of Interest in Agreements The Purchaser has the right to assign its interest under this Agreement, in whole or in part, to the Trustee, as may be required to effect the purposes of the Pooling and Servicing Agreement, without the consent of the Seller, and the assignee shall succeed to the rights and obligations hereunder of the Purchaser. Any expense reasonably incurred by or on behalf of the Purchaser or the Trustee in connection with enforcing any obligations of the Seller under this Agreement will be promptly reimbursed by the Seller.

  • Certificate and Transfer of Interest 8 SECTION 3.1 Ownership ................................................................ 8 SECTION 3.2 The Certificate .......................................................... 8 SECTION 3.3 Authentication of Certificate ............................................ 8 SECTION 3.4 Registration of Transfer and Exchange of Certificate ..................... 9 SECTION 3.5 Mutilated, Destroyed, Lost or Stolen Certificates ........................ 9