Non-Applicability of Section 4 Sample Clauses

Non-Applicability of Section 4. (a) Section 4.1 shall not apply to a conveyance or assignment to an Affiliate of Lessor, to Lender or an Affiliate of or successor to Lender, to the purchaser at a foreclosure sale in connection with the foreclosure, or to Lender or any Affiliate or designee in connection with a deed in lieu of foreclosure of the Mortgage. Lessee’s rights hereunder shall survive any sale or transfer described above. (b) Any purchase of the Property under this Article 4 will be subject to this Lease and the Mortgage, unless the indebtedness secured by the Mortgage is repaid in full. If Lessee or its Affiliate is the purchaser of the Property there shall be no merger of the fee and the leasehold.
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Non-Applicability of Section 4. (a) Section 4.1 shall not apply to (i) a conveyance or assignment to (x) an Affiliate of the Lessor or to a Holder, Indenture Trustee, or an Affiliate of them or any subsequent Indenture Trustee, Holder or Affiliate, (y) the purchaser at a foreclosure sale in connection with the foreclosure of the Property, or (z) to any Indenture Trustee, Holder or an Affiliate of any Indenture Trustee or Holder or the designee of any Holder or Indenture Trustee, in connection with a deed in lieu of foreclosure of the related Mortgage, (ii) a transfer of any interest in Zurich Structured Finance, Inc., or (iii) any Portfolio Sale. Lessee’s rights hereunder shall survive any sale or transfer described in this Section 4.2, but shall not be applicable to any transaction in which Lessor reacquires the Property or interest sold pursuant to an option acquired by Lessor in connection with such original sale or transaction. (b) This Article 4 shall not be construed as applying to any Refinancing or reducing or modifying in any way the restrictions on transfer set forth in Article 23. (c) Any purchase of the Property under this Article 4 will be subject to the Lease, the Mortgage and Section 5.04 of the Indenture, unless the indebtedness evidenced by the Debt Documents is repaid in full.
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Non-Applicability of Section 4. 01. ---------------------------------- Section 4.01 shall not apply to a sale, transfer, conveyance, assignment or other disposition to the purchaser at a foreclosure sale in connection with the foreclosure, or to any transferee in connection with a deed in lieu of foreclosure of the related Mortgage or with respect to any sale, transfer, conveyance, assignment or disposition which occurs during the existence of a Lease Event of Default. (b) Notwithstanding anything herein to the contrary, the Right of First Refusal shall not be applicable if the Lessee has failed to timely exercise each option to extend the Term for each Renewal Term elected. (c) This Article IV shall not be construed as applying to any Refinancing or reducing or modifying in any way the restrictions on transfer set forth in Article XIII or otherwise in any Operative Document. (d) Any purchase of the Lessor Property under this Article IV will be subject to the terms and provisions of the other Operative Documents.
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Non-Applicability of Section 4. 1 (a) Section 4.1 shall not apply to a conveyance or assignment to an Affiliate of the Lessor or to Lender, or an Affiliate of or successor to Lender, or the purchaser at a foreclosure sale in connection with the foreclosure, or to Lender, or any Affiliate or designee, in connection with a deed in lieu of foreclosure of the Mortgage. Lessee's rights hereunder shall survive any sale or transfer described above.
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Related to Non-Applicability of Section 4

  • Applicability of ¶ 2501 Local Church acknowledges and agrees that pursuant to ¶ 2501 of the Discipline, the Local Church holds all its property, real and personal, tangible and intangible, in trust for the benefit of The United Methodist Church, including the Real Property and Personal Property, and the Local Church will not take any actions that are inconsistent therewith or opposing or negating the same.

  • Amendment of Section 4 4. Pursuant to Section 9.2 of the Indenture, Section 4.4(b) of the Indenture is hereby amended and restated in its entirety to read as follows:

  • Applicability of Agreement The Developer agrees that the Lands shall be developed and used only in accordance with and subject to the terms and conditions of this Agreement.

  • Amendment of Section 6 14. Section 6.14 of the Credit Agreement is amended to read as follows:

  • Amendment of Section 10 1. Section 10.1 of the Note Agreement is amended to read in its entirety as follows:

  • Amendment of Section 9.2. Section 9.2 of the Credit Agreement is hereby amended to read in its entirety as follows:

  • Amendment of Section 3 Section 3 of the Employment Agreement is hereby deleted in its entirety and replaced with the following: Term. Unless otherwise terminated in accordance with Sections 8, 9, 10 or 11, the Employment Term shall be for a term ending April 30, 2015. This Agreement shall be automatically renewed for successive additional Employment Terms of one (1) year each unless notice of termination is given in writing by either party to the other party at least thirty (30) days prior to the expiration of the initial Employment Term or any renewal Employment Term.

  • Amendment of Section 9 05. In respect of the 2018 Notes only, the provisions of Section 9.05 of the Indenture are amended by deleting the text of such Section in its entirety and inserting in lieu thereof the phrase “[intentionally omitted]”. Such provisions shall be deemed not to have been deleted in respect of the 2021 Notes.

  • Amendment of Section 8 15(b). Section 8.15(b) of the Existing Credit Agreement is hereby amended in its entirety to read as follows:

  • Amendment of Section 7 2.10(f). Clause (iii) of Section 7.2.10(f) of the Credit Agreement is hereby amended and restated in its entirety to the following:

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