No Prohibited Sale, Lease or Assignment Sample Clauses

No Prohibited Sale, Lease or Assignment. The Borrower shall not sell, lease or assign its rights in and to the Project, a substantial portion of the assets included in the Project, or its rights and obligations under any Related Document, unless, in each case, such sale, lease or assignment could not reasonably be expected to result in a Material Adverse Effect.
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No Prohibited Sale, Lease or Assignment. The Borrower shall not sell, lease or assign its rights in and to the Project, a substantial portion of the assets included in the Project, or its rights and obligations under any Related Document, in each case unless such sale, lease or assignment could not reasonably be expected to result in a Material Adverse Effect, and is made by the Borrower in the ordinary course of business. The TIFIA Lender acknowledges that the Borrower may pursue a public-private partnership with a private entity with respect to all or a portion of the Project and the Borrower acknowledges that an assignment of this Agreement in connection therewith will require the approval of the TIFIA Lender.
Sample 1
No Prohibited Sale, Lease or Assignment. The Borrower shall not sell, lease or assign its rights in and to any Funded MCA Project, a substantial portion of the assets included in any Funded MCA Project, or its rights and obligations under any Related Document related to such Funded MCA Project, unless, in each case, such sale, lease or assignment could not reasonably be expected to result in a Material Adverse Effect. DCDOCS01/427737.8 55 Master Credit Agreement
Sample 1
No Prohibited Sale, Lease or Assignment. The City shall not sell, lease or assign its rights in and to the Water System, a substantial portion of the assets included in the Water System, or its rights and obligations under any Principal Project Contract, in each case unless such sale, lease or assignment (i) could not reasonably be expected to have a Material Adverse Effect and (ii) is made by the City in the ordinary course of business.
Sample 1
No Prohibited Sale, Lease or Assignment. The Borrower shall not sell, lease or assign its rights in and to the System or a substantial portion of the assets included in the System, unless such sale, lease or assignment (i) could not reasonably be expected to have a Material Adverse Effect and (ii) is made by the Borrower in the ordinary course of business or is otherwise permitted in accordance with Section 707(b) of the Bond Resolution.
Sample 1
No Prohibited Sale, Lease or Assignment. The Borrower shall not sell, lease or assign its rights in and to any portion of the Project or the I-25N Express Lanes, a substantial portion of the assets included in the Project or the I-25N Express Lanes, or its rights and obligations under any Related Document, in each case unless such sale, lease or assignment
Sample 1
No Prohibited Sale, Lease or Assignment. The Borrower shall not sell, lease or assign its rights in and to the Wastewater System (including the Master Program) or a substantial portion of the assets included in the Wastewater System (including the Master Program) in each case unless such sale, lease or assignment is made in accordance with Section 707(a) (Covenants as to Maintenance of Properties, Etc.) of the Subordinate Trust Agreement.
Sample 1
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Related to No Prohibited Sale, Lease or Assignment

  • Extension of Concession Period Subject to the provisions of Clause 35.6, in the event that a material default or breach of this Agreement set forth in Clause 35.2 causes delay in achieving COD or leads to suspension of or reduction in collection of Fee, as the case may be, the Authority shall, in addition to payment of compensation under Clause 35.2, extend the Concession Period, such extension being equal in duration to the period by which COD was delayed or the collection of Fee remained suspended on account thereof, as the case may be.

  • What If I Engage in a Prohibited Transaction If you engage in a “prohibited transaction,” as defined in Section 4975 of the Internal Revenue Code, your account will be disqualified, and the entire balance in your account will be treated as if distributed to you and will be taxable to you as ordinary income. Examples of prohibited transactions are:

  • ASSIGNING OR SUB-LETTING OF CONTRACT This Contract shall not be assigned nor sublet by the Contractor or Surety without prior written consent thereto of the Board.

  • What if a Prohibited Transaction Occurs If a “prohibited transaction”, as defined in Section 4975 of the Internal Revenue Code, occurs, the Xxxxxxxxx Education Savings Account could be disqualified. Rules similar to those that apply to Traditional IRAs will apply.

  • SUBLETTING OF CONTRACT (11-18-2014) 108-6 SP1 G186 Revise the 2012 Standard Specifications as follows: Page 1-66, Article 108-6 Subletting of Contract, line 37, add the following as the second sentence of the first paragraph: All requests to sublet work shall be submitted within 30 days of the date of availability or prior to expiration of 20% of the contract time, whichever date is later, unless otherwise approved by the Engineer. Purchasing materials for subcontractors is not included in the percentage of work required to be performed by the Contractor. If the Contractor sublets items of work but elects to purchase material for the subcontractor, the value of the material purchased will be included in the total dollar amount considered to have been sublet.

  • No Commercial Use or Re-Sale You agree that the Service is only for the personal or business use of individuals authorized to access your account information. You agree not to make any commercial use of Mobile Banking or resell, lease, rent or distribute access to Mobile Banking.

  • Permitted and Prohibited Uses 1.1. The Data may only be used for linguistic education and research, including but not limited to information retrieval, document understanding, machine translation or speech recognition.

  • OBLIGATION TO ENTER INTO A NEW CONTRACT If the Guaranteed Agreement is terminated for any reason, whether by the Beneficiary or the Supplier, or if the Guaranteed Agreement is disclaimed by a liquidator of the Supplier or the obligations of the Supplier are declared to be void or voidable for any reason, then the Guarantor will, at the request of the Beneficiary enter into a contract with the Beneficiary in terms mutatis mutandis the same as the Guaranteed Agreement and the obligations of the Guarantor under such substitute agreement shall be the same as if the Guarantor had been original obligor under the Guaranteed Agreement or under an agreement entered into on the same terms and at the same time as the Guaranteed Agreement with the Beneficiary.

  • Disclosures; Prohibited Interests Independent of whether Consultant is required to file a Form 700, Consultant warrants and represents that it has disclosed to City any economic interests held by Consultant, or its employees or subcontractors who will be performing the Required Services, in any real property or project which is the subject of this Agreement. Consultant warrants and represents that it has not employed or retained any company or person, other than a bona fide employee or approved subcontractor working solely for Consultant, to solicit or secure this Agreement. Further, Consultant warrants and represents that it has not paid or agreed to pay any company or person, other than a bona fide employee or approved subcontractor working solely for Consultant, any fee, commission, percentage, brokerage fee, gift or other consideration contingent upon or resulting from the award or making of this Agreement. Consultant further warrants and represents that no officer or employee of City, has any interest, whether contractual, non-contractual, financial or otherwise, in this transaction, the proceeds hereof, or in the business of Consultant or Consultant’s subcontractors. Consultant further agrees to notify City in the event any such interest is discovered whether or not such interest is prohibited by law or this Agreement. For breach or violation of any of these warranties, City shall have the right to rescind this Agreement without liability.

  • SUB-LETTING This Rental Agreement shall not be assigned nor shall the premises be sub-let without written consent of the Landlord.

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