Obligations Surviving Transfer Sample Clauses

Obligations Surviving Transfer. In the event that the Administrator shall transfer the entire amount of, or any part of, the Notes to another Holder or Holders pursuant to Section 2.6(b): (a) The following shall remain obligations of Borrower to the Administrator, pursuant to this Agreement until the termination of this Agreement, unless sooner terminated by the Administrator: (i) this Section 2.7, (ii) Section 4.6, (iii) Section 4.9(b)(ix), and (iv) Section 7.10. (b) The rights and remedies under this section shall be solely those of the Administrator. Nothing contained in this section shall confer upon any Holder or Holders, other than the Administrator, any rights or remedies under this section or the right to enforce any of said rights or remedies under this Agreement.
Sample 1
Obligations Surviving Transfer. (a) Any Additional Holders of an interest in the Series 2015X Bond shall have only the rights and benefits conferred on Owners by the Transportation Resolution, the RRIF Supplemental Resolution and the Series 2015X Bond, and shall have none of the additional rights and benefits conferred by this Agreement (including, without limitation, those conferred under Articles IV, V and VI and any right to receive the Ratings Downgrade Rate or the Overdue Rate). The additional rights and remedies under this Agreement shall belong to and be exercisable solely by and for the benefit of Lender and the Administrator. Nothing contained in this Agreement shall confer upon any Additional Holder any such rights or remedies under this Agreement or the right to enforce any such rights or remedies. (b) Any transfer by Lender of its interest in the Series 2015X Bond, in whole or in part, to an Additional Holder or Additional Holders notwithstanding, this Agreement and Borrower’s additional obligations hereunder to Lender shall remain in full force and effect except to the extent the continued obligation of Borrower to comply with any provision of this Agreement is terminated, released or waived in writing by the Administrator in his sole discretion. (c) Interest on the Series 2015X Bond payable to any Additional Holder shall not be excludable from gross income for federal income tax purposes.
Sample 1
Obligations Surviving Transfer. In the event that Administrator shall transfer the entire amount of, or any part of, one or more of the Notes to another Holder or Holders: (a) The following shall remain obligations of Borrower to Administrator, and shall not be obligations to any other Holder or Holders, pursuant to this Agreement until the termination of this Agreement, unless sooner terminated by Administrator: (1) Section 2.7; and (2) Sections 4.5 and 4.10. (b) The rights and remedies under this Section shall be solely those of Administrator. Nothing contained in this Section shall confer upon any Holder or Holders, other than Administrator, any rights or remedies under this Section or the right to enforce any of said rights or remedies under this Agreement.
Sample 1

Related to Obligations Surviving Transfer

  • PROVISIONS SURVIVING TERMINATION The provisions of Sections 10, 14, 16, 21 and 29 of this Agreement shall survive termination of this Agreement for any reason.

  • CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE SECTION 8.1. Company May Consolidate, Etc.,

  • CONSOLIDATION, MERGER, CONVEYANCE OR TRANSFER Section 801. Company May Consolidate, Etc.,

  • Surviving Rights Notwithstanding the termination of Executive’s employment, the parties shall be required to carry out any provisions hereof which contemplate performance subsequent to such termination; and such termination shall not affect any liability or other obligation which shall have accrued prior to such termination, including, but not limited to, any liability for loss or damage on account of a prior default.

  • Accrued Rights; Surviving Obligations Termination, relinquishment or expiration of this Agreement for any reason shall be without prejudice to any rights which shall have accrued to the benefit of either Party under this Agreement prior to such termination, relinquishment or expiration. Such termination, relinquishment or expiration shall not relieve either Party from obligations which are expressly indicated to survive termination or expiration of this Agreement.

  • PROVISIONS SURVIVING EXPIRATION OR TERMINATION Notwithstanding the expiration or termination (by agreement, breach, or operation of time) of this Agreement, the provisions of this Agreement regarding payments (including liquidated damages and tax payments), reports, records, and dispute resolution of the Agreement shall survive the termination or expiration dates of this Agreement until the following occurs: A. all payments, including liquidated damage and tax payments, have been made; B. all reports have been submitted; C. all records have been maintained in accordance with Section 8.6.A; and D. all disputes in controversy have been resolved.

  • Rights and Obligations Survive Exercise of Warrant Unless otherwise provided herein, the rights and obligations of the Company, of the holder of this Warrant and of the holder of the Shares issued upon exercise of this Warrant, shall survive the exercise of this Warrant.

  • Termination of Existing Tax Sharing Agreements Any and all existing Tax sharing agreements (whether written or not) binding upon the Company shall be terminated as of the Closing Date. After such date neither the Company nor any of its Representatives shall have any further rights or liabilities thereunder.

  • Continuing Agreement (a) This Pledge Agreement shall be a continuing agreement in every respect and shall remain in full force and effect so long as any of the Secured Obligations remain outstanding (other than any such obligations which by the terms thereof are stated to survive termination of the Loan Documents and any contingent indemnity obligations that are not yet due and payable) and until all of the commitments relating thereto have been terminated. Upon such payment and termination, this Pledge Agreement shall be automatically terminated and the Administrative Agent and the holders of the Secured Obligations shall, upon the request and at the expense of the Pledgors, (i) return all certificates representing the Pledged Capital Stock, all other certificates and instruments constituting Pledged Collateral and all instruments of transfer or assignment which have been delivered to the Administrative Agent pursuant to this Pledge Agreement and (ii) forthwith release all of its liens and security interests hereunder and shall execute and deliver all UCC termination statements and/or other documents reasonably requested by the Pledgors evidencing such termination. Notwithstanding the foregoing, all releases and indemnities provided hereunder shall survive termination of this Pledge Agreement. (b) This Pledge Agreement shall continue to be effective or be automatically reinstated, as the case may be, if at any time payment, in whole or in part, of any of the Secured Obligations is rescinded or must otherwise be restored or returned by the Administrative Agent or any holder of the Secured Obligations as a preference, fraudulent conveyance or otherwise under any bankruptcy, insolvency or similar law, all as though such payment had not been made; provided that in the event payment of all or any part of the Secured Obligations is rescinded or must be restored or returned, all reasonable costs and expenses (including without limitation any reasonable legal fees and disbursements) incurred by the Administrative Agent or any holder of the Secured Obligations in defending and enforcing such reinstatement shall be deemed to be included as a part of the Secured Obligations.

  • EXCHANGE, TRANSFER, ASSIGNMENT OR LOSS OF WARRANT This Warrant is exchangeable, without expense, at the option of the Holder, upon presentation and surrender hereof to the Company or at the office of its stock transfer agent, if any, for other warrants of different denominations entitling the Holder thereof to purchase in the aggregate the same number of shares of Common Stock purchasable hereunder. The term "Warrant" as used herein includes any Warrants into which this Warrant may be divided or exchanged. Upon receipt by the Company of evidence satisfactory to it of the loss, theft or destruction of this warrant and of reasonably satisfactory indemnification, and upon surrender and cancellation of this Warrant, if mutilated, the Company will execute and deliver a new Warrant of like tenor and date. Any such new Warrant executed and delivered shall constitute an additional contractual obligation on the part of the Company, whether or not this Warrant so lost, stolen, destroyed, or mutilated shall be at any time be enforceable by anyone. This Warrant shall not be transferable upon the transfer books of the Company with respect to record ownership of this Warrant or the Warrant Shares until and unless any such proposed transferee executes and delivers to the Company, in writing, representations and warranties of the Holder under this Warrant comparable to those set forth in paragraph (I) below and delivers to the Company an opinion of counsel, satisfactory to the Company in its sole discretion, both as to the issuer of the opinion and the substance of such opinion, that such transfer does not require registration under the Securities Act and that such transfer is exempt from any such registration under the Securities Act or any applicable state securities laws.