SUBORDINATION OF THE AGREEMENT Sample Clauses

SUBORDINATION OF THE AGREEMENT. This agreement shall be subordinate to the provision of any existing or future agreement between the RCAC and the United States Government, relative to the operation of maintenance of the Airport, the execution of which has been or may be required as a condition precedent to the expenditure of Federal Funds for the development of the airport. • ASSIGNMENT. This agreement shall be fully assignable by the RCAC. And shall be assignable by Lessee upon first receiving the prior written consent of the RCAC. The RCAC’s consent shall not be unreasonably withheld. All terms and provisions of this agreement shall be binding upon the heirs, executors, assigns, devisees, legatees and successors in title to the parties hereto.
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SUBORDINATION OF THE AGREEMENT. 31.1 It is understood that the parties hereto and the employees of the District are governed by the provisions of applicable federal and state law and local regulations. When any provisions thereof are in conflict with or are different from the provisions of this Agreement, the provisions of said federal or state law are paramount and shall prevail.
SUBORDINATION OF THE AGREEMENT. The Agreement and Highlands interest under the Agreement are and shall be subject, subordinate, and inferior to any lien or encumbrance placed on the RBC Property and Facility by RBC now or in the future, to all advances made under any such lien or encumbrance, to the interest payable on any such lien or encumbrance, and to any and all renewals and extensions of such liens or encumbrances.
SUBORDINATION OF THE AGREEMENT. The Agreement and St. Xxxxx' interest under the Agreement are and shall be subject, subordinate, and inferior to any lien or encumbrance placed on the RBC Property and Facility by RBC now or in the future, to all advances made under any such lien or encumbrance, to the interest payable on any such lien or encumbrance, and to any and all renewals and extensions of such liens or encumbrances.

Related to SUBORDINATION OF THE AGREEMENT

  • Termination of the Agreement In the event of failure by the participant to perform any of the obligations arising from the agreement, and regardless of the consequences provided for under the applicable law, the institution is legally entitled to terminate or cancel the agreement without any further legal formality where no action is taken by the participant within one month of receiving notification by registered letter. If the participant terminates the agreement before its agreement ends or if he/she fails to follow the agreement in accordance with the rules, he/she shall have to refund the amount of the grant already paid, except if agreed differently with the sending organisation. In case of termination by the participant due to "force majeure", i.e. an unforeseeable exceptional situation or event beyond the participant's control and not attributable to error or negligence on his/her part, the participant shall be entitled to receive at least the amount of the grant corresponding to the actual duration of the mobility period. Any remaining funds shall have to be refunded, except if agreed differently with the sending organisation.

  • Variation of the Agreement The Agreement may be amended at any time by agreement in writing between the Organisation and the Ministry.

  • Execution of the Agreement The Company, the party executing this Agreement on behalf of the Company, and the Consultant, have the requisite corporate power and authority to enter into and carry out the terms and conditions of this Agreement, as well as all transactions contemplated hereunder. All corporate proceedings have been taken and all corporate authorizations and approvals have been secured which are necessary to authorize the execution, delivery and performance by the Company and the Consultant of this Agreement. This Agreement has been duly and validly executed and delivered by the Company and the Consultant and constitutes a valid and binding obligation, enforceable in accordance with the respective terms herein. Upon delivery of this Agreement, this Agreement, and the other agreements and exhibits referred to herein, will constitute the valid and binding obligations of Company, and will be enforceable in accordance with their respective terms. Delivery may take place via facsimile transmission.

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