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 Resourxxx, Xxc. 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 lien associated with the Industrial Revenue Bonds, 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

  • Normal Commercial Relations Anything contained in this Trust Indenture to the contrary notwithstanding, the Owner Trustee, the Indenture Trustee, any Participant or any bank or other Affiliate of such Participant may conduct any banking or other financial transactions, and have banking or other commercial relationships, with Lessee, fully to the same extent as if this Trust Indenture were not in effect, including without limitation the making of loans or other extensions of credit to Lessee for any purpose whatsoever, whether related to any of the transactions contemplated hereby or otherwise.

  • Mortgage Banking Business Except as has not had and would not reasonably be expected to have a Material Adverse Effect:

  • Status as Business Development Company The Borrower is an “investment company” that has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies as a RIC.

  • Business Development Company Buyer is a business development company as defined in Section 202(a)(22) of the Investment Advisors Act of 1940.

  • Nature of Business; International Operations Neither the Borrower nor any Restricted Subsidiary will allow any material change to be made in the character of its business as an independent oil and gas exploration and production company. From and after the date hereof, the Borrower and its Domestic Subsidiaries will not acquire or make any other expenditure (whether such expenditure is capital, operating or otherwise) in or related to, any Oil and Gas Properties not located within the geographical boundaries of the United States.

  • Home Office Payment So long as any Purchaser or its nominee shall be the holder of any Note, and notwithstanding anything contained in Section 14.1 or in such Note to the contrary, the Company will pay all sums becoming due on such Note for principal, Make-Whole Amount, if any, interest and all other amounts becoming due hereunder by the method and at the address specified for such purpose below such Purchaser’s name in Schedule A, or by such other method or at such other address as such Purchaser shall have from time to time specified to the Company in writing for such purpose, without the presentation or surrender of such Note or the making of any notation thereon, except that upon written request of the Company made concurrently with or reasonably promptly after payment or prepayment in full of any Note, such Purchaser shall surrender such Note for cancellation, reasonably promptly after any such request, to the Company at its principal executive office or at the place of payment most recently designated by the Company pursuant to Section 14.1. Prior to any sale or other disposition of any Note held by a Purchaser or its nominee, such Purchaser will, at its election, either endorse thereon the amount of principal paid thereon and the last date to which interest has been paid thereon or surrender such Note to the Company in exchange for a new Note or Notes pursuant to Section 13.2. The Company will afford the benefits of this Section 14.2 to any Institutional Investor that is the direct or indirect transferee of any Note purchased by a Purchaser under this Agreement and that has made the same agreement relating to such Note as the Purchasers have made in this Section 14.2.

  • Opinion of General Counsel of the Company The General Counsel of the Company, shall have furnished to the Representatives, at the request of the Company, a written opinion, dated the Closing Date and addressed to the Underwriters, in form and substance reasonably satisfactory to the Representatives and substantially in the form previously agreed by the parties hereto.

  • Research and Development (i) Advice and assistance in relation to research and development of Party B;

  • Net Lease THIS AGREEMENT SHALL BE A NET LEASE, AND EACH LESSEE'S OBLIGATION TO PAY ALL MONTHLY BASE RENT, SUPPLEMENTAL RENT AND OTHER SUMS HEREUNDER SHALL BE ABSOLUTE AND UNCONDITIONAL, AND SHALL NOT BE SUBJECT TO ANY ABATEMENT, SETOFF, COUNTERCLAIM, DEDUCTION OR REDUCTION FOR ANY REASON WHATSOEVER. The obligations and liabilities of each Lessee hereunder shall in no way be released, discharged or otherwise affected (except as may be expressly provided herein including, without limitation, the right of each Lessee to reject Vehicles pursuant to Section 2.2 hereof) for any reason, including without limitation: (i) any defect in the condition, merchantability, quality or fitness for use of the Vehicles or any part thereof; (ii) any damage to, removal, abandonment, salvage, loss, scrapping or destruction of or any requisition or taking of the Vehicles or any part thereof; (iii) any restriction, prevention or curtailment of or interference with any use of the Vehicles or any part thereof; (iv) any defect in or any Lien on title to the Vehicles or any part thereof; (v) any change, waiver, extension, indulgence or other action or omission in respect of any obligation or liability of such Lessee or the Lessor; (vi) any bankruptcy, insolvency, reorganization, composition, adjustment, dissolution, liquidation or other like proceeding relating to such Lessee, the Lessor or any other Person, or any action taken with respect to this Agreement by any trustee or receiver of any Person mentioned above, or by any court; (vii) any claim that such Lessee has or might have against any Person, including without limitation the Lessor; (viii) any failure on the part of the Lessor or any other Lessee to perform or comply with any of the terms hereof or of any other agreement; (ix) any invalidity or unenforceability or disaffirmance of this Agreement or any provision hereof or any of the other Related Documents or any provision of any thereof, in each case whether against or by such Lessee or otherwise; (x) any insurance premiums payable by such Lessee with respect to the Vehicles; or (xi) any other occurrence whatsoever, whether similar or dissimilar to the foregoing, whether or not such Lessee shall have notice or knowledge of any of the foregoing and whether or not foreseen or foreseeable. This Agreement shall be noncancelable by the Lessees and, except as expressly provided herein, each Lessee, to the extent permitted by law, waives all rights now or hereafter conferred by statute or otherwise to quit, terminate or surrender this Agreement, or to any diminution or reduction of Monthly Base Rent, Supplemental Rent or other amounts payable by such Lessee hereunder. All payments by each Lessee made hereunder shall be final (except to the extent of adjustments provided for herein), absent manifest error and, except as otherwise provided herein, each Lessee shall not seek to recover any such payment or any part thereof for any reason whatsoever, absent manifest error. If for any reason whatsoever this Agreement shall be terminated in whole or in part by operation of law or otherwise except as expressly provided herein, each Lessee shall nonetheless pay an amount equal to such Lessee's allocable portion of all Monthly Base Rent, all Supplemental Rent and all other amounts due hereunder at the time and in the manner that such payments would have become due and payable under the terms of this Agreement as if it had not been terminated in whole or in part. All covenants and agreements of each Lessee herein shall be performed at its cost, expense and risk unless expressly otherwise stated.

  • International International Truck and Engine Corporation, a Delaware corporation, and its successors and assigns. International Purchase Obligations: Certain obligations of International, subject to limitations, to purchase Financed Vehicles securing Liquidating Receivables pursuant to Article VI and other provisions of the Master Intercompany Agreement by and between Navistar Financial and International dated as of April 26, 1993, as such Master Intercompany Agreement may be amended, supplemented, restated or otherwise modified.

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