Assignment of Permits. To secure the payment and performance of the Secured Obligations, Trustor hereby sells, assigns, grants, transfers and sets over to Beneficiary all of Trustor's right, title and interest in and to all Required Permits now or hereafter in effect, but only to the extent that the Required Permits may be lawfully assigned; and any and all substitutions therefor (and said Required Permits shall constitute "Collateral" hereunder). Trustor will, from time to time, execute upon request of the Beneficiary, any and all reasonable instruments requested by Beneficiary to carry this instrument into effect. Trustor agrees to pay all sums when due under each Required Permit relating to the Subject Property and promptly perform all covenants and obligations required of the licensee or permittee, as the case may be, under each such Required Permit. Beneficiary shall not be responsible for or liable upon any of the agreements, undertakings or obligations imposed upon Trustor under any Required Permit, including, but not limited to, the payment of fees, until such time as Beneficiary takes actual possession of the Subject Property and the Required Permits relating thereto. Upon or at any time after a Default, Trustor agrees (to the extent not prohibited by law) to turn over and give up possession of the assignable Required Permits relating to the Subject Property, and Beneficiary may without notice, either in person or by agent, with or without bringing any action or proceeding, or by a receiver to be appointed by a court or to the extent permitted under the terms of this Deed of Trust, enter upon the Subject Property, take possession of, and manage and operate the Subject Property; and in connection therewith: (x) Beneficiary may make, cancel, enforce or modify any Required Permit relating to the Subject Property or cause the same to be issued or reissued in its own name or the name of its designee or operator of the Subject Property or receiver, and otherwise do and perform any and all acts and things which Beneficiary may deem necessary or appropriate in the protection of such Required Permits or the enforcement of Beneficiary's rights hereunder or under the Loan Agreement or any other Loan Document; and any and all amounts expended by Beneficiary in connection with the foregoing shall constitute additional Secured Obligations secured by this Deed of Trust; and (y) the entering upon the Subject Property and taking possession of the same and the operation thereof under the...
Assignment of Permits. Landlord and Tenant shall cooperate and take commercially reasonable efforts to cause all Permits related to the operation (but not ownership) of the Leased Property, which are not currently held in the name of Tenant, to be assigned to Tenant effective as of the Effective Date or as soon thereafter as reasonably possible. Landlord shall pay all costs and expenses in connection with the transfer of the Permits, the out-of-pocket amounts of which incurred with third parties at arm’s length shall be included in Landlord’s Additional Investment. Landlord shall, at no additional cost to Landlord (other than de minimis costs), cooperate in a commercially reasonable manner with Tenant in connection with obtaining any Permits that are non-transferable. Tenant shall be responsible for the processing of all requests and/or applications for such Permits.
Assignment of Permits. Assignor hereby assigns and delegates to Assignee, and Assignee hereby assumes, all of Assignor's right, title, interest, duties and obligations in, to and under all of those permits listed in Exhibit C attached hereto.
Assignment of Permits. On the Effective Date, the Company shall cause HHR Operating to assign all HHR Permits to Operator, and Operator shall be responsible for all costs and expenses associated with the HHR Permits following such assignment. The Parties agree that the assignment of such HHR Permits is a material inducement to the Parties’ entry into this Agreement and the grant of the rights and obligations set forth herein, without which the Parties would not have entered into this Agreement.
Assignment of Permits. Seller shall, in accordance with applicable Laws, use commercially reasonable efforts to transfer to Buyer any Business Permits required to be held in connection with the operation of the Business.
Assignment of Permits. Upon and subject to the conditions and limitations set forth below, Lessor hereby assigns, to the extent assignable, all right, title and interest in and to the permits which are more particularly described on attached hereto and incorporated herein by this reference (the "Permits"), The parties hereto hereby agree that this is a revocable assignment and that such assignment shall be deemed revoked upon the expiration or earlier termination of this Lease or upon Lessor's repossession of the Property in accordance with the provisions of Section 22 hereof.
Assignment of Permits. On the Closing Date, to the extent assignable or permitted by law, Seller will assign and Purchaser shall accept all operating permits, including beer and wine licenses, where applicable, at the Company Operated Properties.
Assignment of Permits. Upon tender thereof by the Developer, the Association shall accept an assignment of and assume all obligations pursuant to, any permit relative to the Property granted by Sarasota County, Florida, the Southwest Florida Water Management District, the U.S. Army Corps of Engineers, or any other governmental agency having jurisdiction.
Assignment of Permits. [To the extent legally permissible, Municipality hereby assigns and transfers to ALCOSAN, and ALCOSAN accepts, all of Municipality's rights, title and interest in and to the Licenses and Permits. Further, Municipality shall cooperate and work with ALCOSAN to cause reissuance, issuance and, transfer, pre- and post-Closing Date, of the Licenses and Permits.]6
