Charlevoix Landfill Operating License Sample Clauses

Charlevoix Landfill Operating License. 2, 57 Charlevoix PSD Matter........................................................63 Citizen.......................................................................2
Sample 1
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Charlevoix Landfill Operating License. Each of Seller and Purchaser acknowledge that: (a) Seller has received a Solid Waste Disposal Area Operating License for the operation of a Type III Low Hazard Industrial Landfill ("Charlevoix Landfill"), License No. 9069, in connection with the Charlevoix Facility ("Charlevoix Landfill Operating License"), such license being necessary to operate the Charlevoix Landfill; (b) the Charlevoix Landfill Operating License is not transferable to Purchaser; and (c) there exists an escrow account known as the Perpetual Care Fund (the "Landfill Account"), which was established pursuant to that certain Solid Waste Landfill Perpetual Care Fund Escrow Agreement dated as of December 14, 1998, by and between Southdown, Inc., the Michigan Department of Environment Quality and National City Bank of Indianapolis, IN, as escrow agent, the value of such account to be determined as of the Closing Date, which value shall be the price of this Purchased Asset. The parties agree that: (x) on or before the Closing Date, the Landfill Account shall be transferred to Purchaser or its designees as part of the Purchased Assets; (y) on or before the Closing Date, the parties shall perform whatever actions are necessary to transfer the benefits of the Landfill Account to Purchaser, including entering into an amendment of the agreement governing the Landfill Account transferring Seller's interest in such account to Purchaser or its designees; and (z) if Purchaser is not able to obtain a license to operate the Charlevoix Landfill on or before the Closing Date, Purchaser and Seller shall, in accordance with Section 6.3(c) hereof, work together in good faith to facilitate Purchaser's ability to operate the Charlevoix Landfill, including entering into an agreement providing that Purchaser shall act as Seller's agent with respect to the operation of the Charlevoix Landfill until such time as Purchaser obtains its own operating license for the Charlevoix Landfill or receives a final denial of its application for an operating license.
Sample 1

Related to Charlevoix Landfill Operating License

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  • Property Management Agreement The Property Management Agreement is in full force and effect and, to Borrower's Knowledge, there are no defaults thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

  • Drainage Systems (1) Clear culvert inlets, outlets, and sediment catching basins. (2) Maintain waterbars, drainage dips, and other water diversion measures. (3) During active use, patrol and maintain functional drainage. (4) Repair damaged culvert ends.

  • No Light, Air or View Easement Any diminution or shutting off of light, air or view by any structure which may be erected on lands adjacent to or in the vicinity of the Building shall in no way affect this Lease or impose any liability on Landlord.

  • Operating Lease (i) Each Borrower shall (a) promptly perform and observe all of the covenants required to be performed and observed by it under the Operating Leases and do all things necessary to preserve and to keep unimpaired its material rights thereunder; (b) promptly notify Lender of any material default under any Operating Lease of which it is aware; (c) promptly deliver to Lender a copy of any notice of default or other material notice under any Operating Lease delivered to any Operating Lessee by Borrower; (d) promptly give notice to Lender of any notice or information that Borrower receives which indicates that an Operating Lessee is terminating its Operating Lease or that any Operating Lessee is otherwise discontinuing its operation of the applicable Individual Property; and (e) promptly enforce the performance and observance of all of the material covenants required to be performed and observed by the Operating Lessee under the applicable Operating Lease. (ii) If at any time, (A) an Operating Lessee shall become insolvent or a debtor in a bankruptcy proceeding or (B) Lender or its designee has taken title to an Individual Property by foreclosure or deed in lieu of foreclosure, has become a mortgagee-in-possession, has appointed a receiver with respect to the applicable Individual Property or has otherwise taken title to such Individual Property, Lender shall have the absolute right to (and Borrower and Operating Lessee shall reasonably cooperate and not in any way hinder, delay or otherwise interfere with Lender’s right to), immediately terminate the applicable Operating Lease under and in accordance with the terms of the applicable Subordination, Attornment and Security Agreement. (iii) Borrower shall not, without the prior written consent of Lender, which consent shall not be unreasonably withheld: (a) surrender, terminate or cancel any Operating Lease or otherwise replace any Operating Lessee or enter into any other operating lease with respect to any Individual Property, provided, however, at the end of the term of each Operating Lease, the applicable Borrower may renew such Operating Lease or enter into a replacement Operating Lease with Operating Lessee on substantially the same terms as the expiring Operating Lease except that Lender shall have the right to approve any material change thereto; (b) reduce or consent to the reduction of the term of any Operating Lease; or (c) enter into, renew, amend, modify, waive any provisions of, reduce Rents under, or shorten the term of any Operating Lease.

  • Environmental Site Assessment Perform in accordance with the City Design Manual and other City requirements as designated in writing by the Director.

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