Financing Liens. Either Party may, without the other Party’s consent, transfer, sell, pledge, encumber or assign this Agreement or the revenues or proceeds therefrom in connection with any financing, provided that such a collateral assignment by Seller shall not place any limitation on Buyer’s rights or expand Buyer’s liability, risks or obligations under this Agreement; and further provided that Seller shall not be relieved of any of its obligations or liability under this Agreement and that the Financing Party in any such collateral assignment acknowledges and agrees that the Project shall be operated and maintained by a Qualified Operator. Promptly after making any such encumbrance, Seller shall notify Buyer in writing of the name, address, and telephone and facsimile numbers of each Financing Party, collateral agent or trustee, as applicable, to which Seller’s interest under this Agreement has been encumbered. Such notice shall include the names of the account managers or other representatives of the Financing Parties to whom all written and telephonic communications may be addressed. After giving Buyer such initial notice, Seller shall promptly give Buyer notice of any change in the information provided in the initial notice or any revised notice.
Financing Liens. Lessee acknowledges that Lessor has and may borrow funds to finance and/or refinance its acquisition or ownership of the Aircraft and in connection therewith to incur obligations under the Financing Documents. Lessor has and may, upon written notice to Lessee, at any time during the Lease Period, grant additional security interest or security interests over their respective interests in the Aircraft and the benefit of Lessee’s Documents to one or more Lenders pursuant to such Financing Documents. Lessee undertakes to acknowledge the Security Documents by executing and delivering a consent to such documents in such form as Lessor shall reasonably require, to give the insurers notice of any assignment of insurance in such form as Lessor shall reasonably require and to procure that the insurers acknowledge the same and otherwise to provide all reasonable assistance and cooperation to Lessor, each Lender and their respective representatives and advisers in connection with the perfection and maintenance of such security interests, including, without limitation, the effecting of all necessary filings and registrations of the Security Documents in the State of Registration and State of Organization, and Lessee will agree to act as agent for a Lender in connection with any pledge of the Aircraft to that Lender. Lessor will reimburse Lessee for its reasonable out-of-pocket expenses incurred in complying with this paragraph.
Financing Liens. County shall not create any deeds of trust, mortgages or financing statements encumbering all or any portion of the Premises prior to expiration of the Option Period that will survive the Close of Escrow.
Financing Liens. ()Each Lease Agreement and all instruments granted to the Company as security for the performance of any lessee or obligor under such Lease Agreement (i) were entered into in bona fide transactions for valuable consideration and (ii) to the knowledge of the Company and the Executive Shareholders, constitute the valid and binding obligations of each lessee or obligor thereunder, enforceable against each such party in accordance with their respective terms.
Financing Liens
