Alienating System Sample Clauses

Alienating System. The Governmental Unit will not sell, lease, mortgage, pledge, or otherwise encumber, or in any manner dispose of, or otherwise alienate, the System, or any part thereof, including any and all extensions and additions that may be made thereto, until this Loan Agreement shall have been paid in full, including the Principal Component and the Interest Component, except that the Governmental Unit may sell any portion of said property which shall have been replaced by other property of at least equal value, or which shall cease to be necessary for the efficient operation of the System, but in no manner nor to such extent as might prejudice the security for the payment of this Loan Agreement, provided, however, that in the event of any sale as aforesaid, the proceeds of such sale shall be distributed as Net Revenues of the System as provided herein.
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Alienating System. While this Loan Agreement is outstanding, the Governmental Unit shall not transfer, sell or otherwise dispose of the System, except that the Governmental Unit may dispose of inadequate, obsolete or worn out property. For purposes of this Section, any transfer of an asset over which the Governmental Unit retains or regains substantial control shall, for so long as the Governmental Unit has such control, not be deemed a disposition of the System.
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Alienating System. No part of the System shall be sold, leased, mortgaged, pledged, encumbered, or otherwise disposed of or otherwise alienated, until all the bonds authorized by the Bond Question and any other securities of the District have been paid in full, both principal and interest, or unless provision has been made therefor, or until the bonds or other securities have otherwise been redeemed, including but not necessarily limited to the termination of the pledge herein authorized; provided, however, that the District may sell, exchange, or lease at any time and from time to time any property or facilities constituting part of the System and not useful in the construction, reconstruction, or operation thereof; but any proceeds of any such sale or exchange received and not used to replace such property so sold or exchanged shall be deposited in the Revenue Fund, and any proceeds of any such lease received shall be deposited by the District as revenues of the System.
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Alienating System. The District may sell, exchange, or lease at any time and from time to time any property or facilities constituting part of the system and not useful in the construction, reconstruction, or operation thereof.
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Related to Alienating System

  • Alienation (1) Investments of investors of either Contracting Party shall not be alienated, nationalised, expropriated or subjected to measures having effect equivalent to alienation, nationalisation or expropriation (hereinafter referred to as "alienation") in the territory of the other Contracting Party except for a public purpose, in non-discriminatory manner, under due process of law and against payment of compensation according to the host country legislation. Such compensation shall amount to the genuine value of the investment alienated immediately before the alienation or before the impending alienation became public knowledge, whichever is the earlier, shall include interest at a fair and equitable rate until the date of payment, shall be made without unreasonable delay, be effectively realizable and be freely transferable. (2) The investor affected shall have right, under the law of the Contracting Party making the alienation, to review, by a judicial or other independent authority of that Party, of his or its case and of the valuation of his or its investment in accordance with the principles set out in this paragraph. The Contracting Party making the expropriation shall make every endeavour to ensure that such review is carried out promptly. (3) Where a Contracting Party expropriates the assets of a company which is incorporated or constituted under the law in force in any part of its own territory, and in which investors of the other Contracting Party own shares, it shall ensure that the provisions of paragraph (1) of this Article are applied to the extent necessary to ensure fair and equitable compensation in respect of their investment to such investors of the other Contracting Party who are owners of those shares.

  • Non-Alienation The Executive shall not have any right to pledge, hypothecate, anticipate or in any way create a lien upon any amounts provided under this Agreement; and no benefits payable hereunder shall be assignable in anticipation of payment either by voluntary or involuntary acts, or by operation of law, except by will or the laws of descent and distribution.

  • Nonalienation The interests of the Executive under this Agreement are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors of the Executive or the Executive’s beneficiary.

  • No Rights to Service Nothing contained in this Agreement shall be construed as giving Participant any right to be retained, in any position, as an employee, consultant or director of the Company or its Affiliates or shall interfere with or restrict in any way the right of the Company or its Affiliates, which is hereby expressly reserved, to remove, terminate or discharge Participant at any time for any reason whatsoever.

  • System for Award Management (XXX) Requirement Alongside a signed copy of this Agreement, Grantee will provide Florida Housing with a XXX.xxx proof of registration and Commercial and Government Entity (CAGE) number. Grantee will continue to maintain an active XXX registration with current information at all times during which it has an active award under this Agreement.

  • System for Award Management (XXX) and Data Universal Numbering System (DUNS) Requirements.

  • No Gifts Vendor shall not give a gift or make an expenditure to or for the personal benefit of a Citizens officer or employee.

  • Nonalienation of Benefits Except as provided in Section 8 of this Agreement, (i) no right or benefit under this Agreement will be subject to anticipation, alienation, sale, assignment, hypothecation, pledge, exchange, transfer, encumbrance or charge, and any attempt to anticipate, alienate, sell, assign, hypothecate, pledge, exchange, transfer, encumber or charge the same will be void, and (ii) no right or benefit hereunder will in any manner be liable for or subject to the debts, contracts, liabilities or torts of the Grantee or other person entitled to such benefits.

  • Donation something of value voluntarily transferred by or on behalf of a member to the MCO without compensation. a) Something of value means cash or some other existing identifiable items that has a fair market value of more than $100.00. b) Voluntarily transferred means any of the following: i. The member or another person on behalf of the member transferring the item of value has the intention to voluntarily give it without compensation; ii. The member or other person on behalf of the member transferring the gift is legally competent (in order to have intention); iii. The MCO receiving the gift is an eligible recipient (e.g., some entities have prohibitions against employees accepting gifts); iv. The item of value is an existing identifiable thing (e.g., a promise to give something in the future is not a gift); or v. The item of value is actually transferred.

  • City’s Right to Employ Other Consultants City reserves right to employ other consultants in connection with this Project.

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