Phase II Obligations Sample Clauses

Phase II Obligations. Notwithstanding any provision of this Agreement to the contrary, Developer shall be under no obligation to create or maintain the Phase II Jobs until Developer delivers to the City the Phase II Election Notice. Upon delivery of the Phase II Election Notice, Developer shall be obligated to create and maintain the Phase II Jobs pursuant to the terms of this Agreement.
Sample 1
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Phase II Obligations. The parties hereto acknowledge and agree that Elm Street shall be solely responsible for the performance of all of the obligations of Developer hereunder with respect to Phase II. Notwithstanding the foregoing, a material inducement to the County selecting Developer to develop the Project was the expertise and track record of Alexander in the adaptive re-use of historic buildings and properties and its experience in obtaining historic tax credits and assisting the County in developing the Master Plan for the Project. Each Developer hereby acknowledges and agrees that, subject to a breach of Developer’s obligations under this Agreement, Alexander and Elm Street reaching agreement upon the terms and conditions of a contract (or subcontract) to render consulting services for historic preservation, obtaining historic tax credits and similar contractor type services related to the Adaptive Re-Use Component for Phase II, or an irreconcilable contract dispute between Alexander and Elm Street once Alexander and Elm Street reach agreement upon the terms and conditions of such contract, Elm Street will retain Alexander as a contractor (or subcontractor) to render consulting services for historic preservation, obtaining historic tax credits and similar contractor type services related to the Adaptive Re-Use Component for Phase II. In the event Elm Street determines that it is necessary to replace Alexander with another contractor (or subcontractor) to render the aforementioned services with respect to the Adaptive Re-Use Component for Phase II for any of the reasons set forth hereinabove, Elm Street shall obtain the County’s prior approval of the contractor (or subcontractor) selected by Elm Street to render such services, which approval shall in the County’s sole but reasonable discretion.
Sample 1
Phase II Obligations. The City shall be under no obligation to authorize the issuance of the Phase II City Bonds, to sell the Phase II City Bonds, or to construct the Phase II Public Improvements until Developer delivers to the City the Phase II Election Notice in substantially the form attached hereto as Exhibit J. Subject to the Conditions Precedent in Section 4.1A of this Agreement, upon delivery of the Phase II Election Notice, the City shall authorize the issuance of the Phase II City Bonds, sell the Phase II City Bonds, and construct the Phase II Public Improvements.
Sample 1
Phase II Obligations 
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Related to Phase II Obligations

  • ERISA Obligations All Employee Plans of the Borrower meet the minimum funding standards of Section 302 of ERISA and 412 of the Internal Revenue Code where applicable, and each such Employee Plan that is intended to be qualified within the meaning of Section 401 of the Internal Revenue Code of 1986 is qualified. No withdrawal liability has been incurred under any such Employee Plans and no “Reportable Event” or “Prohibited Transaction” (as such terms are defined in ERISA), has occurred with respect to any such Employee Plans, unless approved by the appropriate governmental agencies. The Borrower has promptly paid and discharged all obligations and liabilities arising under the Employee Retirement Income Security Act of 1974 (“ERISA”) of a character which if unpaid or unperformed might result in the imposition of a Lien against any of its properties or assets.

  • Payment of Leasehold Obligations Each Borrower shall at all times pay, when and as due, its rental obligations under all leases under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effect and, at Agent’s request will provide evidence of having done so.

  • Exit Obligations Upon (i) voluntary or involuntary termination of Employee’s employment or (ii) the Company’s request at any time during Employee’s employment, Employee shall (a) provide or return to the Company any and all Company property, including keys, key cards, access cards, identification cards, security devices, Company credit cards, network access devices, computers, cell phones, smartphones, equipment, manuals, reports, files, books, compilations, work product, e-mail messages, recordings, tapes, disks, thumb drives or other removable information storage devices, hard drives and data and all Company documents and materials belonging to the Company and stored in any fashion, including but not limited to those that constitute or contain any Confidential Information or Work Product, that are in the possession or control of Employee, whether they were provided to Employee by the Company or any of its business associates or created by Employee in connection with Employee’s employment by the Company; and (b) delete or destroy all copies of any such documents and materials following return to the Company that remain in Employee’s possession or control, including those stored on any non-Company devices, networks, storage locations and media in Employee’s possession or control.

  • Development Obligations 1. The College supports the development, production, and dissemination of copyrightable, trademarkable, patentable, and other intellectual properties by its employees.

  • Perform Obligations To perform promptly all of the obligations of Tenant set forth in this Lease; and to pay when due the Fixed Rent and Additional Rent and all charges, rates and other sums which by the terms of this Lease are to be paid by Tenant.

  • Additional Obligations The Company will use its best efforts to (a) register and qualify the Registrable Securities covered by a Registration Statement under such other securities or blue sky laws of such jurisdictions as each Investor who holds (or has the right to hold) Registrable Securities being offered reasonably requests, (b) prepare and file in those jurisdictions any amendments (including post-effective amendments) and supplements to such registrations and qualifications as may be necessary to maintain their effectiveness during the Registration Period, (c) take any other actions necessary to maintain such registrations and qualifications in effect at all times during the Registration Period, and (d) take any other actions reasonably necessary or advisable to qualify the Registrable Securities for sale in such jurisdictions. Notwithstanding the foregoing, the Company is not required, in connection such obligations, to (i) qualify to do business in any jurisdiction where it would not otherwise be required to qualify but for this Section 3.4, (ii) subject itself to general taxation in any such jurisdiction, (iii) file a general consent to service of process in any such jurisdiction, (iv) provide any undertakings that cause material expense or burden to the Company, or (v) make any change in its charter or bylaws, which in each case the Board of Directors of the Company determines to be contrary to the best interests of the Company and its stockholders.

  • ADDITIONAL PAYMENT OBLIGATIONS 15. Tax gross-up and indemnities

  • Valid Obligations The execution, delivery and performance of the Loan Documents have been duly authorized by all necessary corporate action and each represents a legal, valid and binding obligation of Borrower and is fully enforceable according to its terms, except as limited by laws relating to the enforcement of creditors' rights.

  • Obligations under Security Documents duly and punctually perform each of the obligations expressed to be imposed or assumed by them under the Security Documents and Underlying Documents and will procure that each of the other Security Parties will, duly and punctually perform each of the obligations expressed to be assumed by it under the Security Documents and the Underlying Documents to which it is a party;

  • Separate Obligations These obligations are independent of Borrower’s obligations and separate actions may be brought against Guarantor (whether action is brought against Borrower or whether Borrower is joined in the action).

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