ARTICLE TWELVE. Satisfaction and Discharge of Indenture; Defeasance; Unclaimed Moneys
ARTICLE TWELVE. The Transfer of the Utilization of the Premises Right
12.1. If a transfer of ownership of the Leased Premises occurs or a transfer of the right of the utilization thereof, then the buyer/ owner of the utilization right shall be the designated successor of the First Party and he shall be obliged by all the terms and conditions of this Agreement.
ARTICLE TWELVE. Regular Inspections and Weekly Reports:
12.1. The Expenses of all the inspections required for the project, or by the Engineering Office to ensure the fulfillment of the conditions set under this Agreement shall be paid by the First Party and it shall be included in the total costs of this project, if the First Party delays said payments then the Second Party shall
12.2. The Owner, the Contractor and the Engineering Office may follow up with the conduction of work at the specified location with CCTV cameras, and the Party intending to do so shall bear the full costs thereof.
12.3. The Contactor shall send weekly reports with photos enclosed of the location of the work specified, proving the conduction of work.
12.4. The Contractor shall find an electronic way to enable the Parties to follow up with the work conducted and the percentage thereof.
12.5. The Owner or the Engineering office shall send their feedback regarding the work conducted to the Contractor in a written format via the email specified in this Agreement, and oral feedback shall be deemed invalid.
12.6. Any significant modification of the Agreement shall be mutually agreed to and signed by the Parties, and the Engineering Office may sign on behalf of the owner if the modifications are minor.
ARTICLE TWELVE. The Corporation shall indemnify its directors to the fullest extent provided by the Texas Business Corporation act, as amended."
ARTICLE TWELVE. SATISFACTION AND DISCHARGE OF INDENTURE
ARTICLE TWELVE. 56 Section 1201. Applicability of Article......................................................................... 56 Section 1202. Satisfaction of Sinking Fund Payments with Securities............................................ 56 Section 1203. Redemption of Securities for Sinking Fund........................................................ 56 ARTICLE THIRTEEN................................................................................................. 57
ARTICLE TWELVE. The Parties agree that if any of the following occurs, then it shall be considered as a failure to pay, and the Agreement shall automatically terminate:
12.1. If the Second Party does any damage to the Premises without fixing it.
12.2. If the Second Party refuses to pay the Monthly Rent agreed to.
ARTICLE TWELVE. If any provision or provisions of this Certificate of Incorporation shall be held to be invalid, illegal or unenforceable as applied to any circumstance for any reason whatsoever, the validity, legality and enforceability of such provisions in any other circumstance and of the remaining provisions of this Certificate of Incorporation (including, without limitation, each portion of any paragraph of this Certificate of Incorporation containing any such provision held to be invalid, illegal or unenforceable that is not itself held to be invalid, illegal or unenforceable) shall not, to the fullest extent permitted by applicable law, in any way be affected or impaired thereby. The incorporator of the Corporation is Xxx Xxxxxxxxx, whose mailing address is c/o HPS Investment Partners, LLC, 00 Xxxx 00xx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, XX 00000. Table of Contents
ARTICLE TWELVE. SATISFACTION AND DISCHARGE OF INDENTURE; UNCLAIMED MONEYS..................................... 47 Section 12.01.
ARTICLE TWELVE. SATISFACTION AND DISCHARGE OF INDENTURE; UNCLAIMED MONEYS.................... 51 Section 12.01. Discharge of Indenture...................................................... 51 Section 12.02. Satisfaction, Discharge and Defeasance of Securities of any Series.......... 52 Section 12.03. Deposited Moneys to be Held in Trust by Trustee............................. 54 Section 12.04. Paying Agent to Repay Moneys Held........................................... 54 Section 12.05. Return of Unclaimed Moneys.................................................. 54 ARTICLE THIRTEEN. IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS.............. 54 Section 13.01. Indenture and Securities Solely Corporate Obligations....................... 54 ARTICLE FOURTEEN. GUARANTEE.................................................................... 55