Facilities Option Sample Clauses

Facilities Option. In the event that Sharer's Station suffers a Loss of License during the Term or this Agreement is terminated by Xxxxxx upon a material breach by Sharer pursuant to the terms and subject to the conditions of Section 5.1 (a) or is terminated by Xxxxxx in connection with a Sharer insolvency event pursuant to Section 5.1 (c), then Xxxxxx shall have the right to acquire Sharer's interest in the Transmission Facilities in consideration for the fair market value of such interest (the "Sharee's Facilities Option") by providing written notice to Sharer ofSharee's exercise ofSharee's Facilities Option within ten (10) business days of (i) Sharer providing notice to Xxxxxx of the Loss of License or Xxxxxx otherwise becoming aware of the Loss of License by Sharer or (ii) the effective date of the termination for material breach or insolvency, as applicable.

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Facilities Option. In association with the Facilities Lease, Buyer will have the option to purchase the Facilities Property and Facilities as follows (capitalized terms below not otherwise defined herein having those meanings ascribed in the Facilities Lease): Upon the date of the expiration of the full Term of the Facilities Lease, not otherwise shortened for any reason, including without limitation, due to termination or default, and for clarification purposes only, regardless of whether the Financing has earlier been repaid in full, and in any event no less than 20 years (the “Expiration Date”) and the payment of all Rent,, Buyer shall have the option to purchase the Facilities Property and Facilities for one dollar ($1.00). However, Buyer shall not be entitled to exercise this option if (i) at the time of exercise, or at the time the purchase shall be consummated, a default by Buyer under the Facilities Lease or the Building Lease shall have occurred and be continuing, or (ii) the Facilities Lease or the Building Lease shall have terminated for Buyer’s default prior to the Expiration Date, or (iii) at the time of exercise, or at the time the purchase shall be consummated, the Financing shall have not been repaid in full, including the principal, interest, reserve replenishment, indemnity, fees, costs and expenses required to be paid or prepaid on such date with respect to the Bonds, according to their tenor or as otherwise specified in the Bond Resolution and all reasonable fees, charges and disbursements of the trustee, lender or bondholder accrued and to accrue until the date of such full payment. Should Buyer elect to exercise this purchase option, then in order to do so Buyer must give Seller written notice of its intention to purchase the Facilities Property and Facilities not less than ninety (90) days before the Expiration Date, and setting a closing date on or within five (5) days following the Expiration Date. At the closing of the purchase hereunder, Buyer shall pay and deliver the purchase price to Seller and Seller shall deliver a quitclaim deed for the Facilities Property and Facilities to Buyer. The sale of the Facilities Property and Facilities pursuant to the option to purchase exercised by Buyer hereunder shall be subject to reservation by Seller of a right and easement for use the Facilities Property and Facilities for public recreational purposes before and after school hours when not otherwise in use for school activities by Buyer, subject to Buyer an...

Related to Facilities Option

FACILITIES USE a. COLLEGE and SCHOOL DISTRICT shall adhere to the terms outlined in Section 15, Facilities, of this CCAP Agreement.
Facilities Study In analyzing and preparing the Facilities Study, and in designing and constructing the Attachment Facilities, Local Upgrades and/or Network Upgrades described in the Specifications attached to this ISA, Transmission Provider, the Interconnected Transmission Owner(s), and any other subcontractors employed by Transmission Provider have had to, and shall have to, rely on information provided by Interconnection Customer and possibly by third parties and may not have control over the accuracy of such information. Accordingly, NEITHER TRANSMISSION PROVIDER, THE INTERCONNECTED TRANSMISSION OWNER(s), NOR ANY OTHER SUBCONTRACTORS EMPLOYED BY TRANSMISSION PROVIDER OR INTERCONNECTED TRANSMISSION OWNER MAKES ANY WARRANTIES, EXPRESS OR IMPLIED, WHETHER ARISING BY OPERATION OF LAW, COURSE OF PERFORMANCE OR DEALING, CUSTOM, USAGE IN THE TRADE OR PROFESSION, OR OTHERWISE, INCLUDING WITHOUT LIMITATION IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, WITH REGARD TO THE ACCURACY, CONTENT, OR CONCLUSIONS OF THE FACILITIES STUDY OR THE SYSTEM IMPACT STUDY IF A FACILITIES STUDY WAS NOT REQUIRED OR OF THE ATTACHMENT FACILITIES, THE LOCAL UPGRADES AND/OR THE NETWORK UPGRADES, PROVIDED, HOWEVER, that Transmission Provider warrants that the Transmission Owner Interconnection Facilities and any Merchant Transmission Upgrades described in the Specifications will be designed and constructed (to the extent that Interconnected Transmission Owner is responsible for design and construction thereof) and operated in accordance with Good Utility Practice, as such term is defined in the Operating Agreement. Interconnection Customer acknowledges that it has not relied on any representations or warranties not specifically set forth herein and that no such representations or warranties have formed the basis of its bargain hereunder.
FUND TRANSFER FACILITIES VIA TBS The Account Holder may apply, in accordance with the Bank’s prescribed procedure then prevailing and the Bank may, in its reasonable discretion, permit the Account Holder to operate such fund transfer facilities via the TBS, including without limitation, GIRO or direct debit banking system as may be made available by the Bank from time to time. The Account Holder acknowledges that the operation of such fund transfer facilities shall be subject to the relevant terms and conditions governing such facilities.
Facilities and Services The Company shall furnish the Executive with office space, secretarial and support staff, and such other facilities and services as shall be reasonably necessary for the performance of his duties under this Agreement.
Facilities and Equipment Except as set forth herein, Consultant shall, at its sole cost and expense, provide all facilities and equipment that may be necessary to perform the services required by this Agreement. City shall make available to Consultant only the facilities and equipment listed in this section, and only under the terms and conditions set forth herein. City shall furnish physical facilities such as desks, filing cabinets, and conference space, as may be reasonably necessary for Consultant’s use while consulting with City employees and reviewing records and the information in possession of the City. The location, quantity, and time of furnishing those facilities shall be in the sole discretion of City. In no event shall City be obligated to furnish any facility that may involve incurring any direct expense, including but not limited to computer, cellular telephone, long-distance telephone, or other communication charges, vehicles, and reproduction facilities. If the performance of the work specified in Exhibit A requires destructive testing or other work within the City’s public right-of-way, Consultant, or Consultant’s subconsultant, shall obtain an encroachment permit from the City.
FACILITIES AVAILABLE WITH THE CARD 4.1 Use during validity period You may use the card to carry out card transactions during the validity period specified on the card.
Discretion in relation to card/facilities Notwithstanding and without prejudice to the other provisions of this agreement, we are entitled to, at any time in our reasonable discretion with reasonable notice and without giving any reason:-
Restricted Use By Outsourcers / Facilities Management, Service Bureaus or Other Third Parties Outsourcers, facilities management or service bureaus retained by Licensee shall have the right to use the Product to maintain Licensee’s business operations, including data processing, for the time period that they are engaged in such activities, provided that: 1) Licensee gives notice to Contractor of such party, site of intended use of the Product, and means of access; and 2) such party has executed, or agrees to execute, the Product manufacturer’s standard nondisclosure or restricted use agreement which executed agreement shall be accepted by the Contractor (“Non-Disclosure Agreement”); and 3) if such party is engaged in the business of facility management, outsourcing, service bureau or other services, such third party will maintain a logical or physical partition within its computer system so as to restrict use and access to the program to that portion solely dedicated to beneficial use for Licensee. In no event shall Licensee assume any liability for third party’s compliance with the terms of the Non-Disclosure Agreement, nor shall the Non-Disclosure Agreement create or impose any liabilities on the State or Licensee. Any third party with whom a Licensee has a relationship for a state function or business operation, shall have the temporary right to use Product (e.g., JAVA Applets), provided that such use shall be limited to the time period during which the third party is using the Product for the function or business activity.
Inspection of Facilities In order to meet their respective obligations under this Agreement, any Party may view or inspect facilities owned by another Party. Provided that reasonable notice is given, a Party shall not unreasonably deny access to relevant facilities for viewing or inspection by the requesting Party.
Facilities and/or equipment utilized by BellSouth to provide service to Knology remain the property of BellSouth.