Liquidation Other than Redemptions-In-Full Sample Clauses

Liquidation Other than Redemptions-In-Full. Proceeds from liquidations in full (other than redemptions in full) including from the condemnation of any Property shall be applied in payment of the Tax Lien, and reported by the Servicer to the Issuer, the Owner, the PACE Program Administrator, if applicable, and the Collateral Agent and Custodian on the Liquidation Report as provided in Section 11.01 hereof for redemptions-in-full. Proceeds shall be applied, first, to any Subsequent Taxes and Assessments (other than Subsequent Taxes and Assessments in respect of PACE Charges) until paid and satisfied in full, second, to the Tax Liens (other than PACE Charge Liens) and any other tax lien that ranks pari passu therewith, on a pro rata basis in accordance with the Adjusted Redemptive Value (or comparable amount) thereof, third, to any Subsequent Taxes and Assessments in respect of PACE Charges until paid and satisfied in full and fourth, to the PACE Charge Liens and any other PACE charge lien that ranks pari passu therewith, on a pro rata basis in accordance with the Adjusted Redemptive Value (or comparable amount) thereof.
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Liquidation Other than Redemptions-In-Full. Proceeds from liquidations in full (other than redemptions in full) including from the condemnation of any Property shall be applied in payment of the Tax Lien, and reported by the Servicer to the Issuer, the Owner and the Indenture Trustee on the Liquidation Report as provided in Section 11.01 hereof for redemptions- in-full. Proceeds shall be applied, first to any Subsequent Taxes and Assessments until paid and satisfied in full, and then, to the Tax Liens and any other tax lien that ranks pari passu therewith, on a pro rata basis in accordance with the Adjusted Redemptive Value (or comparable amount) thereof.
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Related to Liquidation Other than Redemptions-In-Full

  • Miscellaneous The Vendor acknowledges and agrees that continued participation in TIPS is subject to TIPS sole discretion and that any Vendor may be removed from the participation in the Program at any time with or without cause. Nothing in the Agreement or in any other communication between TIPS and the Vendor may be construed as a guarantee that TIPS or TIPS Members will submit any orders at any time. TIPS reserves the right to request additional proposals for items or services already on Agreement at any time.

  • Representations and Warranties The Borrower represents and warrants to the Lenders that:

  • Notices Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered in accordance with the notice provisions of the Purchase Agreement.

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • Indemnification In the event any Registrable Securities are included in a Registration Statement under this Agreement:

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • Amendments This Agreement may not be amended, modified or waived as to any particular provision, except by a written instrument executed by all parties hereto.

  • Limitation of Liability No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant to purchase Warrant Shares, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the Holder for the purchase price of any Common Stock or as a stockholder of the Company, whether such liability is asserted by the Company or by creditors of the Company.

  • Governing Law This Agreement shall be governed by and construed in accordance with the laws of the State of New York.

  • Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

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