Payment of Sewer Agreement Obligations Subsequent to 2018 Sample Clauses

Payment of Sewer Agreement Obligations Subsequent to 2018. Within two (2) business days of the entry of a final non-appealable Order approving this Agreement, Mountain Creek and/or a Resort Operator shall disburse to the VTMUA, using the wire instructions set forth on Exhibit F hereto, the Vernon Municipal Fees held in the Vernon Municipal Fee Account (as of June 25, 2019, the balance of the Vernon Municipal Fee Account was A nnual Obligation due for 2019 (the “Initial Payment”). On or before January 1st, April 1st, July 1st and October 1st of each year (commencing JanuaryOctober 1, 2019), Mountain Creek and/or anya Resort Operator shall disburse, using the wire instructions set forth on Exhibit F hereto, the Vernon Municipal Fees held in the Vernon Municipal Fee Account as of December 1st, March 1st, June 1st and September 1st, respectively, towards payment of the Annual ObligationSewer Agreement Obligations owed for that calendar year (together with such reports as reasonably agreed to by Mountain Creek and the Vernon Parties supporting and evidencing the calculation of the Vernon Municipal Fees collected through December 1st, March 1st, June 1st and September 1st of the particular year), provided, however, that the first quarterly payment that would otherwise be due on January 1, 2019, shall be paid within two (2) business days after the Effective Date.). The Vernon Parties reserve the right to review the books and records of Mountain Creek and anya Resort Operator (to the extent that such books and records relate to the charging, collection, and remittance of the Vernon Municipal Fee commencing on the Effective Date (defined below) of this Agreement), and to audit the Vernon Municipal Fee Account at any reasonable time by an auditor solely of the Vernon Parties choosing during reasonable business hours (the “Review and Audit Rights”).6 The Vernon Parties must provide at least seven (7) business days advance written notice, and shall pay all expenses related to exercising their Review and Audit Rights. All information obtained and/or reviewed by the Vernon Parties pursuant to the Review and Audit rights shall be deemed confidential information, and shall not be disseminated to any third party (including, for the avoidance of doubt, any resident or other person or entity affiliated with Vernon that is not a member of the Mayor’s Office, a member of the Township Council of Vernon, the VTMUA Board, or any other employee of Vernon whose employment by Vernon encompasses issues that arise in connection with this Agre...
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Related to Payment of Sewer Agreement Obligations Subsequent to 2018

  • Conditions Precedent to Obligation of Seller The obligation of Seller to consummate the transaction hereunder shall be subject to the fulfillment on or before the date of Closing of all of the following conditions, any or all of which may be waived by Seller in its sole discretion: (a) Seller shall have received the Purchase Price as adjusted pursuant to and payable in the manner provided for in this Agreement. (b) Purchaser shall have delivered to Seller all of the items required to be delivered to Seller pursuant to the terms of this Agreement, including but not limited to, those provided for in Section 4.3. (c) All of the representations and warranties of Purchaser contained in this Agreement shall be true and correct in all material respects as of the date of Closing. (d) Purchaser shall have performed and observed, in all material respects, all covenants and agreements of this Agreement to be performed and observed by Purchaser as of the date of Closing.

  • Conditions Precedent to the Obligations of Seller The obligation of Seller to proceed with any Closing under this Agreement is subject to the fulfillment prior to or at the time of Closing of the following conditions with respect to Purchaser, any one or more of which may be waived in whole or in part by Seller:

  • Conditions Precedent to the Obligation of the Company to Close and to Sell the Securities. The obligation hereunder of the Company to close and issue and sell the Securities to the Purchasers at the Closing Date is subject to the satisfaction or waiver, at or before the Closing of the conditions set forth below. These conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion.

  • Conditions Precedent to the Obligations of the Company to sell Shares at the Closing. The Company’s obligation to sell and issue to the Purchaser the Allocated Shares at the Closing is subject to the fulfillment to the satisfaction of the Company on or prior to the Closing Date of the following conditions, any of which may be waived by the Company:

  • Conditions Precedent to the Obligations of Sellers The obligations of the Sellers to consummate the transactions contemplated by this Agreement are subject to the satisfaction, prior to or on the Closing Date, of each of the following conditions (any or all of which may be waived by the Sellers in whole or in part to the extent permitted by applicable Law): (a) each of the representations and warranties of Buyer set forth in Article VI shall be true and correct in all material respects on and as of the date hereof and as of the Closing Date (or on the date when made in the case of any representation and warranty which specifically relates to an earlier date) with the same force and effect as though made on and as of the Closing Date (or such earlier date), except that those representations and warranties that are qualified by materiality, Material Adverse Change or similar phrase shall be true and correct in all respects as of the date hereof and on and as of the Closing Date (or on the date when made in the case of any representation and warranty which specifically relates to an earlier date) with the same force and effect as though made on and as of the Closing Date (or such earlier date), and Sellers shall have received a certificate signed by an authorized officer of Buyer, dated the Closing Date, to the foregoing effect; (b) Buyer shall have performed and complied in all material respects with all obligations and agreements required by this Agreement to be performed or complied with by Buyer on or prior to the Closing Date, and the Sellers shall have received a certificate signed by an authorized officer of Buyer, dated the Closing Date, to the foregoing effect; (c) all required consents, approvals and actions of, filings with and notices to any Governmental Body or any other Person set forth on Schedule 5.3(b) shall have been duly obtained, made or given and shall be in full force and effect; (d) Buyer shall have delivered, or caused to be delivered, to the Sellers all of the items set forth in Section 4.2(b); (e) at or prior to the Closing, Buyer shall have made arrangements, satisfactory to the Buyer in its sole discretion, to promptly pay the Cure Amount set forth on the Cure Schedule, so that the Contracts and Real Property Leases may be assumed by the Sellers and assigned to Buyer in accordance with the provisions of section 365 of the Bankruptcy Code; (f) at or prior to the Closing, Buyer shall have paid the Closing Cash Payment through an advance on the Sale Facility; (g) Buyer shall hold authorization to offer telecommunications services, if required, in each jurisdiction in which Sellers provide such services; or, in those States in which Non-Transferred Assets are located, Buyer shall know of no reason why it cannot obtain all such authorizations from State Regulatory Commissions in the Ordinary Course of Business; (h) The Sellers shall not have otherwise terminated this Agreement in accordance with the terms of Section 12.1; and (i) Buyer shall have provided Sellers with the Sale Facility on substantially the same terms and conditions (including priority of liens) as the DIP Facility.

  • Conditions Precedent to the Obligations of the Company The obligation hereunder of the Company to issue and sell the shares of Common Stock to the Investor incident to each Closing is subject to the satisfaction, or waiver by the Company, at or before each such Closing, of each of the conditions set forth below.

  • Conditions Precedent to the Obligations of the Company to sell Securities The obligation of the Company to sell Securities at the Closing is subject to the satisfaction or waiver by the Company, at or before the Closing, of each of the following conditions:

  • CONDITIONS PRECEDENT TO OBLIGATIONS OF DEVELOPER The obligations of Developer under this Agreement are conditioned upon the following:

  • Conditions Precedent to Obligations of the Seller The obligations of the Seller to consummate the transactions contemplated by this Agreement are subject to the fulfillment, prior to or at the Closing Date, of each of the following conditions, any one or a portion of which may be waived in writing by the Seller;

  • Conditions Precedent to the Obligations of the Purchaser Each and every obligation of the Purchaser under this Agreement to be performed at or before the Closing shall be subject to the satisfaction, at the Closing, of each of the following conditions:

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