PROHIBITION AGAINST ENCUMBRANCES. The Local Government is prohibited from selling, leasing, or disposing of any part of the Water or Sewer System which would materially reduce operational integrity or Gross Revenues so long as this Agreement, including any amendment thereto, is in effect unless the written consent of the Department is first secured.
PROHIBITION AGAINST ENCUMBRANCES. The Project Sponsor is prohibited from selling, leasing, or disposing of any part of the Water or Sewer System which would materially reduce operational integrity or Gross Revenues so long as this Agreement, including any amendments thereto, is in effect unless the written consent of the Department is first secured.
PROHIBITION AGAINST ENCUMBRANCES. The Local Borrower is prohibited from selling, leasing, or disposing of any part of the Sewer System which would materially reduce operational integrity or Gross Revenues so long as this Agreement, including any amendment thereto, is in effect unless the written consent of the Department is first secured.
PROHIBITION AGAINST ENCUMBRANCES. VLW shall have no right to pledge, margin, hypothecate or otherwise encumber any of the VLW Shares, and any attempt to do any of the foregoing shall be null and void.
PROHIBITION AGAINST ENCUMBRANCES. Xxxxxxxxxx shall not permit any lien or encumbrance to accrue on or attach to the Premises, or any part thereof. If any liens are filed or recorded against the Premises, or any part thereof, or any action affecting the title thereto is commenced as a result of any repairs, alterations, additions or improvements by Xxxxxxxxxx to the Premises or as a result of the use of the Premises by Xxxxxxxxxx, its invitees or licensees, Xxxxxxxxxx shall (subject to Xxxxxxxxxx’x right to reasonably contest such liens) cause such liens to be removed of record within five (5) days after notice for Steelhead.
PROHIBITION AGAINST ENCUMBRANCES. It is specifically agreed and understood that neither Tenant nor any of its successors or assigns may assign, encumber or hypothecate this Lease or any interest therein to secure financing for the purchase of Tenant's Plant, the Retrofit Equipment or Tenant's leasehold interest in the Premises, unless otherwise agreed by Landlord in writing.
PROHIBITION AGAINST ENCUMBRANCES. JCSD and AFPD understand and agree that neither one of them may sell, transfer, convey, mortgage, encumber, or assign use to any portion of AFON.
PROHIBITION AGAINST ENCUMBRANCES. Lessee further agrees to pay and promptly discharge any lien and every other charge or expense, together with all taxes levied on Lessee’s business, or fixtures or any personal property, in or about the demised premises (whether owned by Lessee or Lessor or any other person) and expressly agrees to indemnify Lessor and save Lessor harmless from any liens, or claims of liens, and all other liabilities, claims or demands arising out of any work done in or material supplied to the demised premises at the instance of the Lessee, and all other liabilities, claims or demands arising out of any work done in or material supplied to the demised premises at the instance of Lessee, and from all actions, suits and costs of suits brought by any person to enforce such lien or claim of lien, liability, claims or demands, together with the cost of suit and any attorney’s fees which might be incurred by Lessor for legal advice or services or in connection with defending the same, or any of them. Lessor shall have the right to pay and discharge any lien, or claim of lien, which may be asserted against the premises or the real estate in which they are situated, by reason of any work done or materials furnished at the instance of Lessee, if within ten (10) days after having received notice of such lien or claim of lien, Lessee does not act to either discharge or contest the same. In such event, Lessee hereby agrees to pay on demand such sums as are thus expended by Lessor, together with interest at ten percent (10%) per annum as so much additional rent hereunder, and subject to all of the terms and provisions hereof relating to payments of rent.
PROHIBITION AGAINST ENCUMBRANCES. [to be utilized in situations where revenues derived from the Project are pledged to secure the Loan] The Agency is prohibited from selling, leasing, or disposing of any part of the Project which would materially adversely affect the ability of the Agency to meet its obligations under this Agreement so long as this Agreement, including any amendment thereto, is in effect unless the written consent of the Department is first secured.
