Covenants of the County. (a) To the best of its ability, the County will at all times maintain its corporate existence and will use its best efforts to maintain, preserve, and renew all its rights, powers and privileges; and it will comply with all valid acts, rules, regulations, orders, and directions of any legislative, executive, administrative, or judicial body applicable to this Agreement.
(b) The County acknowledges that the Park Agreement will expire pursuant to its terms on December 1, 2040 (the “Original Termination Date”). In the event of any early termination of the Park Agreement or the termination of the Park Agreement on the Original Termination Date, any of which affect payment or utilization of the Infrastructure Credits, the County agrees to use its best commercially reasonable efforts to cause the Project, at the Companies’ expense, pursuant to Section 4-1-170 of the Act or any successor provision, to be included in a duly authorized, executed and delivered successor joint county industrial park agreement with an adjoining South Carolina county, which successor agreement shall contain a termination date occurring no earlier than the final year as to which any Infrastructure Credit shall be payable under this Agreement.
(c) The County covenants that it will from time to time, at the request and expense of the Operating Company, execute and deliver such further instruments and take such further action as may be reasonable and as may be required to carry out the purpose of this Agreement; provided, however, that such instruments or actions shall never create or constitute a general obligation or an indebtedness of the County within the meaning of any State constitutional provision (other than the provisions of Article X, Section 14(10) of the South Carolina Constitution) or statutory limitation and shall never constitute or give rise to a pecuniary liability of the County or a charge against its general credit or taxing power or pledge the full faith, credit or taxing power of the State, or any other political subdivision of the State.
Covenants of the County. The County covenants and agrees, until the full and final payment and satisfaction of all of the Obligations, except in any instance in which the Purchaser specially agrees in writing to any performance or noncompliance, that:
Covenants of the County. The County acknowledges and confirms all covenants and representations set forth with respect to the County in the Bond Purchase Agreement and agrees to comply with all other obligations imposed upon it therein.
Covenants of the County. Maintenance and Operation of Real Property and Project Facilities 21 Section 5.2. Liens on Project Facilities 21 Section 5.3. Representations and Covenants Regarding Tax Exempt Status of Series 2020 Notes 22 Section 5.4. Reports and Opinions; Inspections 22 Section 5.5. Immunity of Corporation and Trustee 22 Section 5.6. Compliance with Laws 23 Section 5.7. Insurance and Condemnation Proceeds 23 Section 5.8. Filing of Budget with Trustee 23 Section 5.9. Alterations of the Real Property and Project Facilities; Removals 23 Section 5.10. Continuing Disclosure 23
Covenants of the County. So long as any of the principal of or interest on the Bond shall be outstanding and unpaid or until provision for payment of the Bond shall have been made pursuant to Section 19 hereof, the County covenants with the Lender as follows:
Covenants of the County. (a) The County will at all times maintain its corporate existence and will use its best efforts to maintain, preserve, and renew all its rights, powers, privileges, and franchises; and it will comply with all valid acts, rules, regulations, orders, and directions of any legislative, executive, administrative, or judicial body applicable to this Agreement.
(b) The County covenants that it will from time to time and at the expense of the Company execute and deliver such further instruments and take such further action as may be reasonable and as may be required to carry out the purpose of this Agreement; provided, however, that such instruments or actions shall never create or constitute an indebtedness of the County within the meaning of any State constitutional provision (other than the provisions of Article X, Section 14(10) of the South Carolina Constitution) or statutory limitation and shall never constitute or give rise to a pecuniary liability of the County, or a charge against its general credit or taxing power, or pledge the credit or taxing power of the State, the County or any other political subdivision of the State.
Covenants of the County. (a) To the best of its ability, the County will at all times maintain its corporate existence and will use its best efforts to maintain, preserve, and renew all its rights, powers and privileges; and it will comply with all valid acts, rules, regulations, orders, and directions of any legislative, executive, administrative, or judicial body applicable to this Agreement.
(b) In the event the Park Agreement is terminated, the County agrees to use commercially reasonable efforts to cause the Project, at the Company’s expense, pursuant to Section 4-1-170 of the Act or any successor provision, to be included in a duly authorized, executed and delivered successor joint county industrial park agreement with an adjoining South Carolina county, which successor agreement shall contain a termination date occurring no earlier than the final year as to which any Infrastructure Credit shall be payable under this Agreement.
(c) The County covenants that it will from time to time, at the request and expense of the Company, execute and deliver such further instruments and take such further action as may be reasonable and as may be required to carry out the purpose of this Agreement; provided, however, that such instruments or actions shall never create or constitute a general obligation or an indebtedness of the County within the meaning of any State constitutional provision (other than the provisions of Article X, Section 14(10) of the South Carolina Constitution) or statutory limitation and shall never constitute or give rise to a pecuniary liability of the County or a charge against its general credit or taxing power or pledge the full faith, credit or taxing power of the State, or any other political subdivision of the State.
Covenants of the County. (a) To the best of its ability, the County will at all times maintain its corporate existence and will use its best efforts to maintain, preserve, and renew all its rights, powers and privileges; and it will comply with all valid acts, rules, regulations, orders, and directions of any legislative, executive, administrative, or judicial body applicable to this Agreement.
(b) The County acknowledges that the Park Agreement will expire pursuant to its terms on the later of :(i) December , [2084] or (ii) December 31 of the year which is sixty (60) years following the date on which the first portion of the Project is placed into service (the “Original Termination Date”). In the event of any early termination of the Park Agreement or the termination of the Park Agreement on the Original Termination Date, the County agrees to use its best reasonable efforts to cause the Project, at the Company’ expense, pursuant to Section 4-1-170 of the Act or any successor provision, to be included in a duly authorized, executed and delivered successor joint county industrial park agreement with an adjoining South Carolina county, which successor agreement shall contain a termination date occurring no earlier than the final year as to which any Special Source Credit shall be payable under this Agreement.
(c) The County covenants that it will from time to time, at the request and expense of the Company, execute and deliver such further instruments and take such further action as may be reasonable and as may be required to carry out the purpose of this Agreement; provided, however, that such instruments or actions shall never create or constitute a general obligation or an indebtedness of the County within the meaning of any State constitutional provision (other than the provisions of Article X, Section 14(10) of the South Carolina Constitution) or statutory limitation and shall never constitute or give rise to a pecuniary liability of the County or a charge against its general credit or taxing power or pledge the full faith, credit or taxing power of the State, or any other political subdivision of the State.
(d) The County agrees to use its best efforts and to fully cooperate with the Company and any Interested Parties to facilitate the construction of the SRT Bridge given the constraints in place or created by the Interested Parties.
Covenants of the County. SECTION 7.1. Installation of Additional Improvements. ...................................................... SECTION 7.2. Access to the Mortgaged Property................................................................. SECTION 7.3. Maintenance, Utilities, Taxes and Assessments ............................................ SECTION 7.4. Modification of the Mortgaged Property ....................................................... SECTION 7.5. Encumbrances ................................................................................................ SECTION 7.6. Indemnification of the Lender ....................................................................... SECTION 7.7. Financial Information..................................................................................... SECTION 7.8. Tax Covenant ................................................................................................. SECTION 7.9. Further Assurances......................................................................................... SECTION 7.10. Filing of Agreement.......................................................................................
Covenants of the County. (a) To the best of its ability, the County will at all times maintain its corporate existence and will use its best efforts to maintain, preserve, and renew all its rights, powers and privileges; and it will comply with all valid acts, rules, regulations, orders, and directions of any legislative, executive, administrative, or judicial body applicable to this Agreement.
(b) The County acknowledges that the Greenville-Pickens Park Agreement will expire pursuant to its terms on November 4, 2026 (the “Original Greenville-Pickens Park Termination Date”). In the event of any early termination of the Greenville-Pickens Park Agreement or the termination of the Greenville-Pickens Park Agreement on the Original Greenville-Pickens Park Termination Date, the County agrees to use its best reasonable efforts to cause the Project, at the Company’s expense, pursuant to Section 4-1-170 of the Act or any successor provision, to be included in a duly authorized, executed and delivered successor Park agreement with an adjoining South Carolina county, which successor agreement shall contain a termination date occurring no earlier than the final year as to which any Special Source Credits shall be payable against Expansion Project Multi-County Park Fee Payments due with respect to the Non-FILOT Xxxxxxxx Road Project under this Agreement.
(c) The County acknowledges that the Greenville-Xxxxxxxx Park Agreement will expire pursuant to its terms on December 31, 2045 (the “Original Greenville-Xxxxxxxx Park Termination Date”). In the event of any early termination of the Greenville-Xxxxxxxx Park Agreement or the termination of the Greenville-Xxxxxxxx Park Agreement on the Original Greenville-Xxxxxxxx Park Termination Date, the County agrees to use its best reasonable efforts to cause the Project, at the Company’s expense, pursuant to Section 4-1-170 of the Act or any successor provision, to be included in a duly authorized, executed and delivered successor Park agreement with an adjoining South Carolina county, which successor agreement shall contain a termination date occurring no earlier than the final year as to which any Special Source Credits shall be payable against Expansion Project Multi-County Park Fee Payments due with respect to the Non- FILOT Xxxxxxx Road Project under this Agreement.
(d) The County covenants that it will from time to time, at the request and expense of the Company, execute and deliver such further instruments and take such further action as may be reaso...
