Rights to Enforce. Project Co may assign its interest in the Construction Contract to Agent as security for the Financing. Such assignment as security includes all of Project Co’s Enforcement Rights in order that Agent may enforce the provisions of the Construction Contract as against Contractor in the event of any default under the Construction Contract subject to and in accordance with the provisions of the Lender’s Direct Agreement. Project Co and Contractor acknowledge and agree that Hospital shall, subject to Xxxxxx’s prior security interest therein and subject to and in accordance with the terms of the Lender’s Direct Agreement, be entitled to exercise all of Project Co’s rights and enforce all of Contractor’s covenants and obligations in accordance with the terms of the Construction Contract.
Appears in 4 contracts
Samples: Project Agreement, Project Agreement, Limited Assignment of Construction Contract
Rights to Enforce. Project Co may assign its interest in the Construction Contract to Agent as security for the Financing. Such assignment as security includes may include all of Project Co’s Enforcement Rights in order that Agent may enforce the provisions of the Construction Contract as against Contractor in the event of any default under the Construction Contract subject to and in accordance with the provisions of the Lender’s Direct Agreement. Project Co and Contractor acknowledge and agree that Hospital shallshall be entitled to exercise all rights and, subject to Xxxxxx’s prior security interest therein and subject to and in accordance with the terms of the Lender’s Direct Agreement, be entitled to exercise all of Project Co’s rights and enforce all of Contractor’s the covenants and obligations of Contractor in accordance with the terms of the Construction Contract.
Appears in 4 contracts
Samples: Limited Assignment of Construction Contract, Project Agreement, Project Agreement
Rights to Enforce. Project Co may assign has assigned its interest in the Construction Contract to Agent as security for the Financing. Such assignment as security includes all of Project Co’s Enforcement Rights in order that Agent may enforce the provisions of the Construction Contract as against Contractor in the event of any default under the Construction Contract subject to and in accordance with the provisions of the Lender’s Direct Agreement. Project Co and Contractor acknowledge and agree that Hospital shall, subject to Xxxxxx’s prior security interest therein and subject to and in accordance with the terms of the Lender’s Direct Agreement, be entitled to exercise all of Project Co’s rights and enforce all of Contractor’s covenants and obligations in accordance with the terms of the Construction Contract.
Appears in 3 contracts
Samples: Project Agreement, Limited Assignment of Construction Contract, Project Agreement
Rights to Enforce. Project Co may assign has assigned its interest in the Construction Contract to Agent Trustee as security for the Financing. Such assignment as security includes all of Project Co’s Enforcement Rights in order that Agent Trustee may enforce the provisions of the Construction Contract as against Contractor in the event of any default under the Construction Contract subject to and in accordance with the provisions of the Lender’s Direct Agreement. Project Co and Contractor acknowledge and agree that Hospital shall, subject to XxxxxxTrustee’s prior security interest therein and subject to and in accordance with the terms of the Lender’s Direct Agreement, be entitled to exercise all of Project Co’s rights and enforce all of Contractor’s covenants and obligations in accordance with the terms of the Construction Contract.
Appears in 2 contracts
Samples: Project Agreement, Limited Assignment of Construction Contract
Rights to Enforce. Project Co may assign has assigned its interest in the Construction Contract to Agent Lender as security for the Financing. Such assignment as security includes all of Project Co’s Enforcement Rights in order that Agent Lender may enforce the provisions of the Construction Contract as against Contractor in the event of any default under the Construction Contract subject to and in accordance with the provisions of the Lender’s Direct Agreement. Project Co and Contractor acknowledge and agree that Hospital shall, subject to Xxxxxx’s 's prior security interest therein and subject to and in accordance with the terms of the Lender’s Direct Agreement, be entitled to exercise all of Project Co’s 's rights and enforce all of the Contractor’s 's covenants and obligations in accordance with the terms of the Construction Contract.
Appears in 2 contracts
Samples: Limited Assignment of Construction Contract, Project Agreement
Rights to Enforce. Project Co may assign its interest in the Construction Contract to Agent as security for the Financing. Such assignment as security includes all of Project Co’s Enforcement Rights in order that Agent may enforce the provisions of the Construction Contract as against Contractor in the event of any default under the Construction Contract subject to and in accordance with the provisions of the Lender’s Direct Agreement. Project Co and Contractor acknowledge and agree that Hospital shall, subject to XxxxxxLender’s prior security interest therein and subject to and in accordance with the terms of the Lender’s Direct Agreement, be entitled to exercise all of Project Co’s rights and enforce all of Contractor’s covenants and obligations in accordance with the terms of the Construction Contract.
Appears in 1 contract
Samples: Project Agreement
Rights to Enforce. Project Co may assign has assigned its interest in the Construction Contract to Agent Lender as security for the Financing. Such assignment as security includes all of Project Co’s Enforcement Rights in order that Agent Lender may enforce the provisions of the Construction Contract as against Contractor in the event of any default under the Construction Contract subject to and in accordance with the provisions of the Lender’s Direct Agreement. Project Co and Contractor acknowledge and agree that Hospital shall, subject to XxxxxxLender’s prior security interest therein and subject to and in accordance with the terms of the Lender’s Direct Agreement, be entitled to exercise all of Project Co’s rights and enforce all of Contractor’s covenants and obligations in accordance with the terms of the Construction Contract.
Appears in 1 contract
Samples: Project Agreement
Rights to Enforce. Project Co may assign has assigned its interest in the Construction Contract to Agent Lender as security for the Financing. Such assignment as security includes all of Project Co’s Enforcement Rights in order that Agent Lender may enforce the provisions of the Construction Contract as against Contractor in the event of any default under the Construction Contract subject to and in accordance with the provisions of the Lender’s Direct Agreement. Project Co and Contractor acknowledge and agree that Hospital shall, subject to Xxxxxx’s prior security interest therein and subject to and in accordance with the terms of the Lender’s Direct Agreement, be entitled to exercise all of Project Co’s rights and enforce all of Contractor’s covenants and obligations in accordance with the terms of the Construction Contract.
Appears in 1 contract
Rights to Enforce. Project Co may assign its interest in the Construction Contract to Agent Lender as security for the Financing. Such assignment as security includes all of Project Co’s Enforcement Rights in order that Agent Lender may enforce the provisions of the Construction Contract as against Contractor in the event of any default under the Construction Contract subject to and in accordance with the provisions of the Lender’s Direct Agreement. Project Co and Contractor acknowledge and agree that Hospital shall, subject to XxxxxxLender’s prior security interest therein and subject to and in accordance with the terms of the Lender’s Direct Agreement, be entitled to exercise all of Project Co’s rights and enforce all of Contractor’s covenants and obligations in accordance with the terms of the Construction Contract.
Appears in 1 contract
Rights to Enforce. Project Co may assign has assigned its interest in the Construction Contract to Agent as security for the Financing. Such assignment as security includes all of Project Co’s Enforcement Rights in order that Agent may enforce the provisions of the Construction Contract as against Contractor in the event of any default under the Construction Contract subject to and in accordance with the provisions of the Lender’s Direct Agreement. Project Co and Contractor acknowledge and agree that Hospital shall, subject to XxxxxxLender’s prior security interest therein and subject to and in accordance with the terms of the Lender’s Direct Agreement, be entitled to exercise all of Project Co’s rights and enforce all of Contractor’s covenants and obligations in accordance with the terms of the Construction Contract.
Appears in 1 contract