Restrictions on Sale or Encumbrance of Project by City. During the Lease Term, the City agrees that, except to secure the Bonds to be issued pursuant to the Indenture and except to enforce its rights under Section 12.2(b), it will not sell, assign, encumber, mortgage, transfer or convey the Project or any interest therein.
Appears in 5 contracts
Samples: Lease Agreement, Lease Agreement, Lease Agreement
Restrictions on Sale or Encumbrance of Project by City. During the this Lease Term, the City agrees that, except to secure the Bonds to be issued pursuant to the Indenture and except to enforce its rights under Section 12.2(b)Indenture, it will not sell, assign, encumber, mortgage, transfer or convey the Project or any interest therein, but may assign its interest in and pledge any moneys receivable under this Lease to the Trustee pursuant to the Indenture as security for payment of the principal of and interest on the Bonds.
Appears in 4 contracts
Samples: Lease Agreement, Lease Agreement, Lease Agreement
Restrictions on Sale or Encumbrance of Project by City. During the this Lease Term, the City agrees that, except to secure the Bonds to be issued pursuant to the Indenture and except to enforce its rights under Section 12.2(b)Indenture, it will not sell, assign, encumber, mortgage, transfer or convey the Project or any interest therein.
Appears in 2 contracts
Restrictions on Sale or Encumbrance of Project by City. During the this Lease Term, the City agrees that, except to secure the Bonds to be issued pursuant to the Indenture and except to enforce its rights under Section 12.2(b)the Deed of Trust, it will not sell, assign, encumber, mortgage, transfer or convey the Project or any interest therein, but may assign its interest in and pledge any moneys receivable under this Lease to the Trustee pursuant to the Indenture and the Deed of Trust as security for payment of the principal of and interest on the Bonds.
Appears in 1 contract
Samples: Lease Agreement
Restrictions on Sale or Encumbrance of Project by City. During the Lease Term, the City agrees that, except to secure the Bonds to be issued pursuant to the Indenture and except to enforce its rights under Section 12.2(b)Indenture, it will not sell, assign, encumber, mortgage, transfer or convey the Project or any interest therein.
Appears in 1 contract
Samples: Lease Agreement (Pacific Sunwear of California Inc)
Restrictions on Sale or Encumbrance of Project by City. During the Lease Sublease Term, the City agrees that, except to secure the Bonds to be issued pursuant to the Indenture and except to enforce its rights under Section 12.2(b11.2(b), it will not sell, assign, encumber, mortgage, transfer or convey the Project or any interest therein.
Appears in 1 contract
Restrictions on Sale or Encumbrance of Project by City. During the Lease Term, the City agrees that, ,. except to secure the Bonds to be issued pursuant to the Indenture and except to enforce its rights under Section 12.2(b)Indenture, it will not sell, assign, encumber, mortgage, transfer or convey the Project or any interest therein.
Appears in 1 contract
