Industrial Revenue Bond Sample Clauses

Industrial Revenue Bond. Prior to the Closing, Gold Xxxx shall use commercially reasonable efforts to permit Southern States to assume Gold Xxxx'x obligations under the Xxxxxxx County, Georgia XXX Xxxx.
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Industrial Revenue Bond. With respect to the Atlanta Airport Holiday Inn Hotel, Buyer acknowledges it is aware of Seller's obligations with respect to the $20,000,000 in aggregate principal amount of Development Authority of Clayton County Taxable Economic Development Revenue Bonds (Bass Resouxxxx, Xnc. Project), Series 1999 (the "Industrial Revenue Bond") that encumber the Hotel. Prior to the Closing Date Seller shall elect to either (i) pay-off the Industrial Revenue Bond in full and convey the Atlanta Airport Holiday Inn Hotel free and clear of the Industrial Revenue Bond, or (ii) require Buyer with Buyer's consent to purchase the Atlanta Airport Holiday Inn Hotel subject to the terms of the Industrial Revenue Bond.
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Industrial Revenue Bond. The Borrower or one of its Consolidated Subsidiaries may make an Investment, in an amount not to exceed $17,500,000, in one or more industrial revenue development bonds issued by the City of Albuquerque, New Mexico, for the sole purpose of financing a new call center for the Borrower and its Subsidiaries, provided that such industrial revenue bonds as may be purchased by the Borrower or any Consolidated Subsidiary shall immediately be pledged as additional Collateral for the Obligations."
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Industrial Revenue Bond. Proof satisfactory to Agent the Borrower's existing Industrial Revenue Bond obligations have been paid in full.
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Industrial Revenue Bond. (a) JACKSON, TENNESSEE FACILITY. US Vendor entered into a certain lease dated as of May 1, 1991 (the "Lease"), with The Industrial Development Board of the City of Jackxxx, x Tennessee public nonprofit corporation (the "IDB") to finance the construction of, inter alia, a certain manufacturing facility and all improvements thereon and property therein, having an address of 19 Xxxxxxx Xxxxx, Xxxxxxx, Xxxxxxxxx (xxe "Property"). Vendors' Guarantor guaranteed the obligations of US Vendor under the Lease pursuant to the terms of that certain Guaranty Agreement dated as of May 1, 1991, from Vendors' Guarantor to First American National Bank, Nashville, Tennessee, a national banking association, as trustee (the "Guaranty"). It is anticipated that as of the Closing Date, all or any consents necessary to release US Vendor and the Vendors' Guarantor from their respective obligations under the Guaranty will not have been obtained. As a result, the parties hereto have agreed as follows: (a) at Closing, US Vendor and US Purchaser will enter into a certain assignment and assumption of lease in the form attached hereto as Exhibit C pursuant to which, among other things, US Vendor will assign the Lease to US Purchaser who will perform the obligations of the tenant thereunder from and after the Closing Date, (b) at Closing, Purchaser's Guarantor will execute a certain guaranty indemnity agreement in the form attached hereto as Exhibit D pursuant to which Purchaser's Guarantor shall agree to indemnify the Vendors' Guarantor from any liability arising from performance by Vendor's Guarantor under the Guaranty as a result of acts occurring after Closing, (c) US Vendor will execute that certain certificate attached hereto as Exhibit E and (d) on or before May 31, 2000, US Purchaser shall, at its sole cost and expense, cause US Vendor and the Vendors' Guarantor and their affiliates to be released in full from their respective obligations under the Lease and the Guaranty by either: (i) obtaining the consent of the bondholders to release the US Vendor, the Vendors' Guarantor and their affiliates, if any, from their obligations under the Guaranty or (ii) defeasing the bonds. In the event that the US Vendor and the Vendors' Guarantor are not released from all obligations and Liability under the Lease and the Guaranty on or before May 31, 2000 the US Purchaser will pay to the US Vendor, or its assignee, an amount equal to all Liability then due under the Lease and the US Vendor will ...
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Related to Industrial Revenue Bond

  • Industrial Relations 4.1 The Unions agree that, provided the provisions of this Agreement are implemented, no stoppage of work shall occur. 4.2 During any temporary stoppage by the CFMEU Federated Engine Drivers and Firemen’s Association Division members, the Lift Driver shall remain on site to operate the lift to carry passengers.

  • Industrial Relations Training Leave Union Delegate/Employee Representative shall have access to industrial relations training in accordance with Appendix E hereof.

  • Environmental Services 1. Preparation of Environmental Documentation (CEQA/NEPA) including but not limited to the following: a. Initial Study b. Categorical Exemption (CE) c. Notice of Exemption (XXX) d. Negative Declaration (ND) e. Mitigated Negative Declaration (MND) f. Notice of Preparation (NOP) g. Environmental Impact Report (EIR) i. Initial Document (Screen Check/Administrative Draft) ii. Addendum iii. Supplemental

  • Indigenous Peoples The Borrower shall, and shall cause MOT and ARS to, ensure that the Project does not cause any impact on indigenous people within the meaning of the SPS. In the event that the Project does have any such impact, the Borrower shall, and shall cause MOT and ARS to, take all steps required to ensure that the Project complies with the applicable laws and any other applicable regulations of the Borrower and the SPS.

  • Normal Commercial Relations Anything contained in this Indenture to the contrary notwithstanding, the Loan Trustee, any Noteholder or any other party to any of the Operative Documents or the Pass Through Documents or any of their affiliates may conduct any banking or other financial transactions, and have banking or other commercial relationships, with the Company, fully to the same extent as if this Indenture were not in effect, including without limitation the making of loans or other extensions of credit to the Company for any purpose whatsoever, whether related to any of the transactions contemplated hereby or otherwise.

  • Industrial Accident Leave Pursuant to the provisions of Education Code Section 44984, a certificated employee shall be provided leave of absence for industrial accident or occupational illness under the following rules and regulations: 7.5.1 The industrial accident or occupational illness must have arisen out of and in the course of employment of the employee; and must be accepted as a bona fide injury or illness arising out of and in the course of employment pursuant to guidelines established by the State Compensation Fund. 7.5.2 Allowable leave for such industrial accident or occupational illness shall be for the number of days of temporary disability not to exceed sixty (60) working days during which the schools of the Employer are required to be in session or when the employee would otherwise have been performing work for the Employer in any one fiscal year for the same accident. 7.5.3 Allowable leave for industrial accident or occupational illness shall not be accumulated from year to year. 7.5.4 The industrial accident or occupational illness leave under these rules and regulations shall commence on the first day of the absence. 7.5.5 When an employee is absent from his/her duties on account of industrial accident or occupational illness, he/she shall be paid such portion of the salary due him/her for any month in which absence occurs as when added to his/her temporary disability indemnity under Division 4 or Division 4.5 of the Labor Code, will result in a payment to him/her of not more than his/her full salary. 7.5.6 Industrial accident or occupational illness shall be reduced by one (1) day for each day of authorized absence regardless of a temporary disability indemnity award. 7.5.7 When an industrial accident or occupational illness leave overlaps into the next fiscal year, the employee shall be entitled to only the amount of unused leave due him/her for the same illness or injury. 7.5.8 During any paid leave of absence, the employee shall endorse over to the employer wage loss benefit checks received under the Workers’ Compensation laws of this state. The employer, in turn, shall issue the employee appropriate salary warrants for payment of wages or salary and shall deduct normal retirement and other authorized contributions. 7.5.9 Any employee receiving benefits as a result of these rules and regulations shall, during period of injury or illness, remain within the State of California unless the Employer authorizes travel outside the State. 7.5.10 Upon termination of the industrial accident or occupational illness leave, the employee shall be entitled to the benefits provided for sick leave (Education Code Sections 44977, 44978, 44983) and his/her absence for such purpose shall be deemed to have commenced on the date of termination of the industrial accident or occupational illness leave, provided that if the employee continues to receive temporary disability indemnity, he/she may elect to take as much of his/her accumulated sick leave which when added to his/her temporary disability indemnity will result in payment to him/her of not more than his/her full salary. 7.5.11 These provisions for industrial accident and illness leave shall apply only to certificated employees whose services are regularly scheduled. 7.5.12 An employee shall be deemed able to return to work from an industrial illness or accident at such time as he/she and his/her physician agree that the employee is able to perform his/her duties.

  • INTERNATIONAL TRANSPORT 1. Profits of an enterprise of a Contracting State from the operation of ships, aircraft or road-transport vehicles in international traffic shall be taxable only in that State. 2. The provisions of paragraph 1 shall also apply to profits from participation in a pool, a joint business or an international operating agency.

  • Increasing Seat Belt Use in the United States E.O. 13043, amended by E.O. 13652, requires Recipients to encourage employees and contractors to enforce on-the-job seat belt policies and programs when operating company- owned, rented or personally-owned vehicle.

  • Department of Agriculture United States Department of Agriculture at 0-000-000-0000, 000-000-0000, or xxxx://xxx.xxxxx.xxx/plantind/ to determine those specific project sites located in the quarantined area or for any regulated article used on this project originating in a quarantined county.

  • Control Area An electric power system or combination of electric power systems to which a common automatic generation control scheme is applied in order to: (1) match, at all times, the power output of the generators within the electric power system(s) and capacity and energy purchased from entities outside the electric power system(s), with the load within the electric power system(s); (2) maintain scheduled interchange with other Control Areas, within the limits of Good Utility Practice; (3) maintain the frequency of the electric power system(s) within reasonable limits in accordance with Good Utility Practice; and (4) provide sufficient generating capacity to maintain operating reserves in accordance with Good Utility Practice.

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