Common use of Project Users; Maintain Existence; Merge, Sell, Transfer Clause in Contracts

Project Users; Maintain Existence; Merge, Sell, Transfer. (a) Upon the request of the Issuer from time to time, the Company shall cause a Project Occupant Information Form to be submitted to the Issuer by every prospective lessee, sublessee or lease assignee of all or any part of the Project. The Company shall not permit any such leasing, subleasing or assigning of leases of all or any part of the Project that would impair the excludability of interest paid on the Series J Bonds from the gross income of the Owners thereof for purposes of federal income taxation, or that would impair the ability of the Company to assure the continued operation of the Project, or would cause the Project not to be operated, as an authorized project under the Act.

Project Users; Maintain Existence; Merge, Sell, Transfer. (a) Upon the request of the Issuer from time to time, the Company shall cause a Project Occupant Information Form to be submitted to the Issuer by every prospective lessee, sublessee or lease assignee of all or any part of the Project. The Company shall not permit any such leasing, subleasing or assigning of leases of all or any part of the Project that would impair the excludability of interest paid on the Series J H Bonds from the gross income of the Owners thereof for purposes of federal income taxation, or that would impair the ability of the Company to assure the continued operation of operate the Project, or would cause the Project not to be operated, as an authorized project under the Act.

Project Users; Maintain Existence; Merge, Sell, Transfer. (a) Upon the request of the Issuer from time to time, the Company shall cause a Project Occupant Information Form to be submitted to the Issuer by every prospective lessee, sublessee or lease assignee of all or any part of the Project. The Company shall not permit any such leasing, subleasing or assigning of leases of all or any part of the Project that would impair the excludability of interest paid on the Series J G Bonds from the gross income of the Owners thereof for the purposes of federal income taxation, or that would impair the ability of the Company to assure the continued operation of operate the Project, or would cause the Project not to be operated, as an authorized project under the Act.

Project Users; Maintain Existence; Merge, Sell, Transfer. (a) Upon the request of the Issuer Authority from time to time, the Company shall cause a Project Occupant Information Form to be submitted to the Issuer Authority by every prospective lessee, sublessee or lease assignee of all or any part of the Project. The Company shall not permit any such leasing, subleasing or assigning of leases of all or any part of the Project that would impair the excludability of interest paid on the Series J K Bonds from the gross income of the Owners thereof for purposes of federal income taxation, or that would impair the ability of the Company to assure the continued operation of the Project, or would cause the Project not to be operated, as an authorized project under the Act.