Common use of Project Occupant Applications Clause in Contracts

Project Occupant Applications. Upon the request of the Authority, prior to leasing, subleasing or consenting to the subleasing or assignment of any lease of all or any part of the Prior Project comprised of more than 10% of the total Prior Project, the Company shall cause a Project Occupant Information Form to be submitted to the Authority by any such lessee, sublessee or lease assignee of the Prior Project. The Company shall not permit any such leasing, subleasing or assigning of leases that would impair the excludability of interest paid on the Bonds from gross income for purposes of federal income taxation, or that would impair the ability of the Company to operate the Prior Project or cause the Prior Project not to be operated as an authorized project under the Act.

Project Occupant Applications. Upon the request of the Authority, prior to leasing, subleasing or consenting to the subleasing or assignment of any lease of all or any part of the Prior Project comprised of more than 10% of the total Prior Project, the Company shall cause a Project Occupant Information Form to be submitted to the Authority by any such lessee, sublessee or lease assignee of the Prior Project. The Company shall not permit any such leasing, subleasing or assigning of leases that would impair the excludability of interest paid on the Bonds from gross income for purposes of federal income taxation, or that would impair the ability of the Company to operate the Prior Project or cause the Prior Project not to be operated as an authorized project under the Act.