Rights of Permitted Lender Sample Clauses

Rights of Permitted Lender. Any Permitted Lender having a security interest in the leasehold estate shall have the right at any time during the term hereof:
Sample 1
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Rights of Permitted Lender. The Sublease authorizes the Subtenant to incur indebtedness to finance the construction of the Project (“Permitted Indebtedness”) and to enter into a leasehold mortgage or collateral assignment of the Sublease (“Sublease Leasehold Mortgage”) to secure the Permitted Indebtedness, in each case subject to the consent of the Tenant and other conditions specified in the Sublease, including an intercreditor agreement in form and substance satisfactory to the Tenant between the Tenant and the holder of the Sublease Leasehold Mortgage (“Permitted Lender”). The Subtenant is the Purchaser of the Bonds. Concurrently with the issuance of the Bonds, the Subtenant will execute a Bond Pledge Agreement (“Bond Pledge Agreement”) in favor of the Permitted Lender, pursuant to which the Bonds will be pledged and delivered to the Permitted Lender as additional security for the Permitted Indebtedness. Prior to or concurrently with the issuance of the Bonds, the Tenant and the Permitted Lender shall enter into the Intercreditor Agreement pursuant to which the Tenant shall have the right to acquire the right and interest of the Permitted Lender in the Permitted Indebtedness in certain circumstances, including the Sublease Leasehold Mortgage, the Bond Pledge Agreement and the Bonds. Notwithstanding anything in this Lease or the Indenture to the contrary, as long as all or any part of the Permitted Indebtedness is outstanding, Permitted Lender and its assigns (including Tenant if Tenant acquires such rights per said Intercreditor Agreement) shall be deemed to be the Owner of the Bonds for all purposes following the occurrence of an Event of Default, including having the right to receive notice of, consent to, direct or control any actions, restrictions, rights, remedies, waivers or acceleration pursuant to any provision of this Lease or the Indenture.
Sample 1
Rights of Permitted Lender 
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Related to Rights of Permitted Lender

  • REPLACEMENT OF PERSONAL PROPERTY (A) An employee, while on duty and acting within the scope of employment, who suffers damage or destruction of the employee’s watch or prescription glasses, or other items of personal property as have been given prior approval by the agency as required to adequately perform the duties of the position, will be reimbursed as provided herein.

  • Protection of Persons and Property The AGENCY shall be responsible for initiating, maintaining and supervising all safety precautions and programs in connection with the performance of this Contract.

  • Utilisations permises de la licence et restrictions A. Licence de logiciel Apple préinstallé ou copie unique. Sous réserve des conditions générales de cette Licence, et à moins que vous ayez acquis le logiciel Apple dans le Mac App Store, par le biais d’un téléchargement automatique ou dans le cadre d’une licence ou maintenance de volume ou tout autre accord écrit passé avec Apple, une licence de non-exclusivité limitée vous est accordée pour installer, utiliser et exécuter un (1) seul exemplaire du logiciel Apple sur un seul ordinateur Apple à la fois. Par exemple, les termes de la présente Licence à copie unique s’appliquent à vous si vous avez acquis le logiciel Apple préinstallé sur un matériel de marque Apple.

  • Acquisition of Property The Contractor shall document that all property was acquired consistent with its engineering, production planning, and property control operations.

  • Compliance with laws; payment of Permits/Licenses All services to be performed by Contractor pursuant to this Agreement shall be performed in accordance with all applicable Federal, State, County, and municipal laws, including, but not limited to, Health Insurance Portability and Accountability Act of 1996 (HIPAA) and all Federal regulations promulgated thereunder, as amended, and the Americans with Disabilities Act of 1990, as amended, and Section 504 of the Rehabilitation Act of 1973, as amended and attached hereto and incorporated by reference herein as Attachment “I,” which prohibits discrimination on the basis of handicap in programs and activities receiving any Federal or County financial assistance. Such services shall also be performed in accordance with all applicable ordinances and regulations, including, but not limited to, appropriate licensure, certification regulations, provisions pertaining to confidentiality of records, and applicable quality assurance regulations. In the event of a conflict between the terms of this agreement and State, Federal, County, or municipal law or regulations, the requirements of the applicable law will take precedence over the requirements set forth in this Agreement. Contractor will timely and accurately complete, sign, and submit all necessary documentation of compliance.

  • LOSS OF PERSONAL PROPERTY The board will not be responsible for any employee’s loss of personal property brought to a school or work site; however, in the event an employee’s personal property is lost or damaged as a direct result of a disaster, such as hurricane, fire, flood, etc., the board will reimburse the employee’s loss or damage in an amount not to exceed $500 per occurrence. In order for an employee to be eligible for such reimbursement, the personal property for which the employee makes a claim must have been pre-approved for use by the employee in connection with the employee’s duties, as evidenced by a written approval form signed by the employee’s principal or site supervisor and by the employee. In addition to the approval form, the employee must attach to the form proof of the property’s value, i.e. receipt, etc. The employee will be responsible for presenting a copy of the approval form in order to secure payment for loss. Payment will not be made unless the form is presented. The maximum amount an employee may receive for loss in any single occurrence is a total of $500, regardless of the amount or number of items approved for use in connection with the employee’s duties.

  • Rights of acquisition etc LR9.1 Tenant's contractual rights to renew this lease, to acquire the reversion or another lease of the Property, or to acquire an interest in other land None.

  • Removal of Personal Property All articles of personal property owned by Tenant or installed by Tenant at its expense in the Premises (including business and trade fixtures, furniture and movable partitions) shall be, and remain, the property of Tenant, and shall be removed by Tenant from the Premises, at Tenant's sole cost and expense, on or before the expiration or sooner termination of this Lease. Tenant shall repair any damage caused by such removal.

  • Transfer Upon Realization of Pledged, Mortgaged or Charged Escrow Securities (1) You may transfer within escrow to a financial institution the escrow securities you have pledged, mortgaged or charged under section 4.2 to that financial institution as collateral for a loan on realization of the loan.

  • Certificates/Permits/Licenses Consultant and all Consultant's employees or agents shall secure and maintain in force such certificates, permits and licenses as are required by law in connection with the furnishing of Services pursuant to this Agreement.

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