Benefits Under the Act. (a) The parties hereby acknowledge that the Company has been induced to proceed with the acquisition, construction and rehabilitation of the Project in part by the benefits conferred by the Act. The Issuer agrees that the Company shall be permitted to take advantage of all of the benefits provided by the Act to the fullest extent therein set forth subject to the rules and regulations of the Issuer. The Issuer agrees that it will not take any action to limit, curtail or otherwise make unavailable to the Company any of the benefits available under the Act.
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Samples: Loan Agreement (New Ships, Inc.), Loan Agreement (New Ships, Inc.)
Benefits Under the Act. (a) The parties hereby hereto acknowledge that the Company has been induced to proceed with the acquisition, acquisition and construction and rehabilitation of the Project in part by the benefits conferred by the Act. The Issuer hereby agrees that the Company shall be permitted to take advantage of all of the benefits provided by the Act to the fullest extent therein set forth subject to the rules and regulations of the Issuer. The Issuer agrees that it will not take any action to limit, curtail or otherwise make unavailable to the Company any of the benefits available under the Act.
Appears in 1 contract
Benefits Under the Act. (a) The parties hereby hereto acknowledge that the Company has been induced to proceed with the acquisition, acquisition and construction and rehabilitation of the Project in part by the benefits conferred by the Act. The Issuer hereby agrees that the Company shall be permitted to take advantage of all of the benefits provided by the Act to the fullest extent therein set forth subject to the rules and regulations of the Issuer. The Issuer agrees that it will not take any action to limit, curtail or otherwise make unavailable to the Company any of the benefits available under the Act.
Appears in 1 contract
