Special Covenants and Agreements. SECTION 5.1. COMPANY TO MAINTAIN ITS CORPORATE EXISTENCE; CONDITIONS UNDER WHICH EXCEPTIONS PERMITTED. The Company agrees that during the term of this Agreement, it will maintain its corporate existence and its good standing in the State, will not dissolve or otherwise dispose of all or substantially all of its assets and will not consolidate with or merge into another corporation unless the acquirer of its assets or the corporation with which it shall consolidate or into which it shall merge shall (i) be a corporation organized under the laws of one of the states of the United States of America, (ii) be qualified to do business in the State, and (iii) assume in writing all of the obligations of the Company under this Agreement and the Tax Agreement. Any transfer of all or substantially all of the Company's generation assets shall not be deemed to constitute a "disposition of all or substantially all of the Company's assets" within the meaning of the preceding paragraph. Any such transfer of the Company's generation assets shall not relieve the Company of any of its obligations under this Agreement. The Company hereby agrees that so long as any of the Bonds are insured by a Bond Insurance Policy issued by the Bond Insurer and the Bond Insurer shall not have failed to comply with its payment obligations under such Policy, in the event of a Reorganization, unless otherwise consented to by the Bond Insurer, the obligations of the Company under, and in respect of, the Bonds, the G&R Notes, the G&R Indenture and the Agreement shall be assumed by, and shall become direct and primary obligations of, a Regulated Utility Company such that at all times the obligor under this Agreement and the obligor on the G&R Notes is a Regulated Utility Company. The Company shall deliver to the Bond Insurer a certificate of the president, any vice president or the treasurer and an opinion of counsel reasonably acceptable to the Bond Insurer stating in each case that such Reorganization complies with the provisions of this paragraph. The Company need not comply with any of the provisions of this Section 5.1 if, at the time of such merger or consolidation, the Bonds will be defeased as provided in Article VIII of the Indenture. The Company need not comply with the provisions of the second paragraph of this Section 5.1 if the Bonds are redeemed as provided in Section 3.01(B)(3) of the Indenture or if the Bond Insurance Policy is terminated as described in Section 3.06 of the Indentu...
Special Covenants and Agreements. SECTION 5.1. COMPANY TO MAINTAIN ITS CORPORATE EXISTENCE; CONDITIONS UNDER WHICH EXCEPTIONS PERMITTED. The Company agrees that during the term of this Agreement, it will maintain its corporate existence and its good standing in the State, will not dissolve or otherwise dispose of all or substantially all of its assets and will not consolidate with or merge into another corporation unless (a) The acquirer of its assets or the corporation with which it shall consolidate or into which it shall merge shall (i) be a corporation organized under the laws of one of the states of the United States of America, (ii) be qualified to do business in the State, (iii) be a public utility, and (iv) assume in writing all of the obligations of the Company under this Agreement and the Tax Agreement. Any transfer of all or substantially all of the Company's assets to any of its wholly owned subsidiaries shall not be deemed to constitute a "disposition of all or substantially all of the Company's assets" within the meaning of the preceding paragraph. Any such transfer of the Company's assets shall not relieve the Company of any of its obligations under this Agreement.
Special Covenants and Agreements. Section 5.1. Company to Maintain its Corporate Existence; Conditions Under Which Exceptions Permitted 14 Section 5.2. Annual Statement 15 Section 5.3. Maintenance; Insurance; Taxes; Disposition 15 Section 5.4 Recordation and Other Instruments 15 Section 5.5. No Warranty by the Issuer 16 Section 5.6. Agreement as to Ownership of the Project 16 Section 5.7. Company to Furnish Notice of Mode Changes 16 Section 5.8. Information Reporting, Etc 16 Section 5.9. Limited Liability of Issuer 16 Section 5.10. Inspection of Project 17 Section 5.11. Indenture Covenants 17 Section 5.12. Disclosure 17
Special Covenants and Agreements. 35 Section 10.1.
Special Covenants and Agreements. The parties covenant and agree as follows:
Special Covenants and Agreements. SECTION 6.1. Maintenance of Existence -14- SECTION 6.2. Arbitrage Covenant -14- SECTION 6.3. Bonds are Limited Obligations -14-
Special Covenants and Agreements. The parties covenant and agree as follows, provided that, except with respect to express agreements and covenants of a Seller contained in this Article 6 (including Sections 6.5, 6.12 and 6.15), no Seller shall have any obligation or liability prior to the Closing with respect to any agreement or covenant of FVP set forth in this Article 6 (it being understood and agreed by each Seller that nothing in this sentence shall impair or diminish the indemnification obligations of Sellers under Article 10 after the Closing, including with respect to any covenant of FVP set forth in this Article 6).
Special Covenants and Agreements. [Section 5.1. Company to Maintain Its Corporate Existence; Conditions under Which Exceptions Permitted...
Special Covenants and Agreements. Section 6.1. No Warranty of Condition or Suitability by the Authority
Special Covenants and Agreements. Section 5.1. Company to Maintain its Corporate Existence; Conditions Under Which Exceptions Permitted
