Project Users. (i) (A) Prior to leasing, subleasing or consenting to the subleasing or assignment of any lease of all or any part of the Project Facilities, during the period commencing on the date hereof and terminating three years after the Company has completed the acquisition, construction, reconstruction or improvement of all or substantially all of such Project Facilities, and (B) upon the request of the Authority from time to time thereafter, the Company shall cause a Project Occupant Information Form to be submitted to the Authority by every prospective lessee, sublessee or lease assignee of the Project Facilities.
(ii) The Company shall not permit any such leasing, subleasing or assigning of leases that would impair the Income Exclusion, or that would impair the ability of the Company to operate any Project Facility or cause any Project Facility not to be operated as an authorized project under the Act.
Project Users. Maintain Existence;
Project Users. 47 SECTION 5.11 INSPECTION OF THE PROJECT......................................................................48 SECTION 5.12 RELOCATION OF THE PROJECT......................................................................48 SECTION 5.13 AFFIRMATIVE ACTION AND PREVAILING WAGE REGULATIONS.............................................48 SECTION 5.14
Project Users. (a) Prior to leasing, subleasing or consenting to the subleasing or assignment of any lease of all or any part of the Project, during the period commencing on the issue date and terminating three years after the issue date, and (b) upon the request of the Authority from time to time thereafter, the Borrower shall cause a Project Occupant Information Form (in a form supplied by the Authority) to be submitted to the Authority by every prospective lessee, sublessee or lease assignee of the Project. The Borrower shall not permit any such leasing, subleasing or assigning of leases that would impair the excludability of interest paid on the Bond from the gross income of the Purchaser for purposes of Federal income taxation, except if such Purchaser is a Substantial User; or that would impair the ability of the Borrower to operate the Project or cause the Project not to be operated as an authorized project under the Act. The Borrower shall not lease, sublease or consent to the subleasing or assignment of any lease of all or any part of the Project without the prior express written consent of the Purchaser (not to be unreasonably withheld, delayed or denied).
Project Users. The Borrower, as the fee owner of the Project, shall enter into a ground lease with the QALICB, which will enter into space leases with the Schools. Except for the Ground Leases and the leases with the Schools, prior to leasing, subleasing or consenting to the subleasing or assignment of any lease of all or any part of the Premises with respect to the Charter School Project, and upon the request of the Authority from time to time thereafter, the Borrower shall cause a Project Occupant Information Form to be submitted to the Authority by every prospective lessee, sublessee or lease assignee of the Premises. The Borrower shall not permit any such leasing, subleasing or assigning of leases that would impair the eligibility of the Bonds to receive the Debt Service Subsidy Payments, or that would impair the ability of the Borrower or the QALICB to (i) cause the Premises not to be operated as an authorized project under the Act, or (ii) be ineligible for any financing related thereto, including but not limited to, the Permitted Indebtedness and other indebtedness of the QALICB borrowed in connection with the Project.
Project Users. Prior to leasing, subleasing or consenting to the subleasing or assignment of any lease of all or any part of the Project during the term of this Agreement, the Borrower shall cause a Project Occupant Information Form to be submitted to the Authority by every prospective lessee, sublessee or lease assignee of the Project. The Borrower shall not permit any such leasing, subleasing or assigning of leases that would impair the excludability of interest paid on the Series 1999A Bonds from the gross income of the owners thereof for purposes of federal taxation, or that would impair the ability of the Borrower to operate the Project or cause the Project not to be operated as an authorized project under the Act.
Project Users. The Borrower shall not permit any leasing, subleasing or assigning of leases of all or any part of the Project that would adversely affect the Tax-exempt status of the Bonds, or that would impair the ability of the Borrower to operate the Project in violation of any provision of the Tax Agreement. Notwithstanding such lease, sublease or assignment of lease, the Borrower shall be liable for the loan payments hereunder.
