Common use of Lease, Sale or Grant of Use by Company Clause in Contracts

Lease, Sale or Grant of Use by Company. Subject to the provisions of Section 5.03, the Company may lease, sell or grant the right to occupy and use the remaining Project Facilities, in whole or in part, to others, provided that: (a) no such grant, sale or lease shall relieve the Company from its obligations under this Agreement; (b) the Company shall retain such rights and interests as will permit it to comply with its obligations under this Agreement; and (c) no such grant, sale or lease shall impair the purposes of the Act.

Appears in 8 contracts

Samples: Loan Agreement (United States Steel Corp), Loan Agreement (United States Steel Corp), Loan Agreement (United States Steel Corp)

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Lease, Sale or Grant of Use by Company. Subject to the provisions of Section 5.03, the Company may lease, sell or grant the right to occupy and use the remaining Project Facilities, in whole or in part, to others, provided that: : (a) no such grant, sale or lease shall relieve the Company from its obligations under this Agreement; ; (b) the Company shall retain such rights and interests as will permit it to comply with its obligations under this Agreement; and (c) no such grant, sale or lease shall impair the purposes of the Act.12

Appears in 1 contract

Samples: Loan Agreement (United States Steel Corp)

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Lease, Sale or Grant of Use by Company. Subject to the provisions of Section 5.03, the Company may lease, sell or grant the right to occupy and use the remaining Project Facilities, in whole or in part, to others, provided that: : (a) no such grant, sale or lease shall relieve the Company from its obligations under this Agreement; ; (b) the Company shall retain such rights and interests as will permit it to comply with its obligations under this Agreement; and (c) no such grant, sale or lease shall impair the purposes of the Act.;

Appears in 1 contract

Samples: Loan Agreement (United States Steel Corp)

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