Priority of Loan and Fund Loan. (a) The Borrower hereby acknowledges that, to the extent allowed by law or the Borrower Bond Resolution, any Loan Repayments then due and payable on the Loan shall be satisfied by the Trustee before any loan repayments on the Borrower’s Fund Loan shall be satisfied by the Trustee. The Borrower agrees not to interfere with any such action by the Trustee.
Appears in 6 contracts
Samples: Loan Agreement (Middlesex Water Co), Loan Agreement (Middlesex Water Co), Loan Agreement (Middlesex Water Co)
Priority of Loan and Fund Loan. (a) The Borrower hereby acknowledges that, to the extent allowed by law or the Borrower Bond Resolution, any Loan Repayments then due and payable on the Loan shall be satisfied by the Trustee Loan Servicer before any loan repayments on the Borrower’s 's Fund Loan shall be satisfied by the TrusteeLoan Servicer. The Borrower agrees not to interfere with any such action by the TrusteeLoan Servicer.
Appears in 2 contracts
Samples: Loan Agreement (Middlesex Water Co), Loan Agreement (Middlesex Water Co)
Priority of Loan and Fund Loan. (a) The Borrower hereby acknowledges agrees that, to the extent allowed by law or the Borrower Bond Resolution, any Loan Repayments then due and payable on the Loan shall be satisfied by the Trustee before any loan repayments on the Borrower’s 's Fund Loan shall be satisfied by the Trustee. The Borrower agrees not to interfere with any such action by the Trustee.
Appears in 2 contracts
Samples: Loan Agreement (Middlesex Water Co), Continuing Disclosure Agreement (Middlesex Water Co)
Priority of Loan and Fund Loan. (a) The Borrower hereby acknowledges agrees that, to the extent allowed by law or the Borrower Bond Resolution, any Loan Repayments then due and payable on the Loan shall be satisfied by the Trustee Borrower before any loan repayments on the Borrower’s 's Fund Loan shall be satisfied by the Trustee. The Borrower agrees not to interfere with any such action by the TrusteeBorrower.
Appears in 2 contracts
Samples: Loan Agreement (Middlesex Water Co), Master Trust Loan Agreement (Middlesex Water Co)
Priority of Loan and Fund Loan. (a) The Borrower hereby acknowledges that, to the extent allowed by law or the Borrower Bond Resolutionlaw, any Loan Repayments then due and payable on the Loan shall be satisfied by the Trustee before any loan repayments on the Borrower’s Fund Loan shall be satisfied by the Trustee. The Borrower agrees not to interfere with any such action by the Trustee.
Appears in 1 contract
Samples: d8lomzvei8y8s.cloudfront.net
Priority of Loan and Fund Loan. (a) The Borrower hereby acknowledges agrees that, to the extent allowed by law or the Borrower Bond Resolutionlaw, any Loan Repayments then due and payable on the Loan shall be satisfied by the Trustee Borrower before any loan repayments on the Borrower’s 's Fund Loan shall be satisfied by the Trustee. The Borrower agrees not to interfere with any such action by the TrusteeBorrower.
Appears in 1 contract
Priority of Loan and Fund Loan. (a) The Borrower hereby acknowledges that, to the extent allowed by law or the Borrower Bond Resolution, any Loan Repayments then due and payable on the Loan shall be satisfied by the Trustee Trust before any loan repayments on the Borrower’s Fund Loan shall be satisfied by the TrusteeTrust. The Borrower agrees not to interfere with any such action by the TrusteeTrust.
Appears in 1 contract
Samples: Loan Agreement
