Assignment, Transfer or Sale by City. While the Bonds are outstanding, neither this Loan Agreement nor the Project may be assigned, transferred or sold by the City for any reason, unless the following conditions shall be satisfied: (a) the Department shall have approved said assignment, transfer or sale in writing; (b) the assignee or transferee shall be a governmental unit within the meaning of Section 141(c) of the Code, unless the Department shall have received the opinion described in
Appears in 2 contracts
Samples: Loan and Pledge Agreement, Loan Agreement
Assignment, Transfer or Sale by City. While the Bonds are Bond is outstanding, neither this Loan Agreement nor the Project may be assigned, transferred or sold by the City for any reason, unless the following conditions shall be satisfied:satisfied:
(a) the Department shall have approved said assignment, transfer or sale in writing;
(b) the assignee or transferee shall be a governmental unit within the meaning of Section 141(c) of the Code, unless the Department shall have received the opinion described in
Appears in 1 contract
Samples: Loan and Pledge Agreement
Assignment, Transfer or Sale by City. While the Bonds are Bond is outstanding, neither this Loan Agreement nor the Project may be assigned, transferred or sold by the City for any reason, unless the following conditions shall be satisfied:
(a) the Department shall have approved said assignment, transfer or sale in writing;
(b) the assignee or transferee shall be a governmental unit within the meaning of Section 141(c) of the Code, unless the Department shall have received the opinion described in
Appears in 1 contract
Samples: Clean Water State Revolving Fund Loan and Pledge Agreement
