Transfer of Land Clause Samples

Transfer of Land. (a) The Developer may not transfer, assign or dispose of the whole or any part of its right, title or interest in the Land (present or future) or in the Development to another person (Transferee) unless before it sells, transfers or disposes of that right, title or interest: (i) The Developer satisfies the Council that the proposed Transferee is financially capable of complying with the Developer obligations under this agreement; (ii) The Developer satisfies the Council that the rights of the Council will not be diminished or fettered in any way;

Transfer of Land. (a) The Developer may not transfer, assign or dispose of the whole or any part of its right, title or interest in the Land (present or future) or in the Development to another person (Transferee) unless before it sells, transfers or disposes of that right, title or interest: (i) The Developer satisfies the Council that the proposed Transferee is financially capable of complying with the Developer obligations under this agreement; (ii) The Developer satisfies the Council that the rights of the Council will not be diminished or fettered in any way; (iii) The Transferee delivers to the Council a novation deed signed by the Transferee in a form and of such substance as is acceptable to the Council containing provisions under which the Transferee agrees to comply with all the outstanding obligations of the Developer under this agreement; (iv) The Transferee delivers to the Council Bank Guarantees as required by this agreement; (v) Any default under any provisions of this agreement has been remedied or waived by the Council, on such conditions as the Council may determine, and (vi) The Developer and the Transferee pay the Council’s reasonable costs in relation to the assignment. (b) The parties agree that clause 12.3(a) does not apply if the Transferee is acquiring an interest in the Land as a purchaser of one or more lots in a strata scheme, (whether or not the plan has, at the date of exchange, been registered at the NSW Land Registry Services).

Transfer of Land. The Landowner may not transfer, assign or dispose of the whole or any part of its right, title or interest in the Land (present or future) or in the Development to another person (Transferee) unless before it sells, transfers or disposes of that right, title or interest: The Landowner satisfies the Council, acting reasonably, that the proposed Transferee is financially capable of complying with the Developer's obligations under this agreement; The Landowner satisfies the Council, acting reasonably, that the rights of the Council will not be diminished or fettered in any way; The Transferee delivers to the Council a novation deed signed by the Transferee in a form and of such substance as is acceptable to the Council containing provisions under which the Transferee agrees to comply with all the outstanding obligations of the Developer under this agreement; The Transferee delivers to the Council replacement Bank Guarantees as required by this agreement; Any default under any provisions of this agreement has been remedied or waived by the Council, on such conditions as the Council may determine, and The Landowner and the Transferee pay the Council’s reasonable costs in relation to the assignment.

Transfer of Land. In consideration that it has or will be obtaining a legal interest in the Land, such acquisition being financed by the Secretary of State, the Academy Trust hereby grants and the Secretary of State hereby accepts an option, exercisable by the Secretary of State or his nominee, to acquire the said Land or any part thereof at nil consideration. The option hereby granted shall be exercisable (by notice in writing by or on behalf of the Secretary of State) on the termination of this Funding Agreement for whatever cause or in circumstances where the Academy Trust is unable to use all or part of the Land as the permanent site of the Academy in accordance with clauses 108H or 108K. On the exercise of this option, the Law Society’s Standard Conditions of Sale for Commercial Property in force at the date of such exercise shall apply to the transaction and completion shall take place 28 days after such exercise.

Transfer of Land. Offers Voided Prior to Enrollment Any transfer of the property prior to the applicant's acceptance into the program voids the offer of enrollment. At the option of the State Conservationist, an offer may be extended to the new landowner if the new landowner agrees to the same or more restrictive easement, agreement, and contract terms and conditions.

Transfer of Land. The Developer [or the Landowner, if the Developer is not the owner of the land] may not transfer, assign or dispose of the whole or any part of its right, title or interest in the Land (present or future) or in the Development to another person (Transferee) unless before it sells, transfers or disposes of that right, title or interest:

Transfer of Land. If a new owner purchases the Eligible Irrigated Land, and the new owner assumes the obligations of the USDA CREP contract, the new owner will be required to succeed to this Agreement. If the new owner refuses to succeed to this Agreement, the related USDA CREP contract will be terminated, and liquidated damages will be assessed against Landowner pursuant to the terms of the USDA CREP contract.

Transfer of Land. The Town will sell to the Purchaser and the Purchaser will buy from the Town the Land on the terms and conditions of this Agreement.

Transfer of Land. The Recipient shall retain any land purchased with the Funds under this Agreement for a period of five years from the date that the land is purchased by the Recipient. Within this five year period, the Recipient may ask for the Province’s consent to transfer to a third party any land purchased with the Funds. The Province may impose any reasonable conditions, in granting its consent, including requiring the Recipient to: (a) report to the Province any monies, including any capital gains, resulting from the transfer of the land and use those monies only for Eligible Expenditures; or (b) return to the Province the Funds used to purchase the transferred land.