Subsequent Interests. By this Mortgage, the Borrower grants and mortgages any additional or greater interest in the Property that the Borrower maylater acquire.
Subsequent Interests. By this Charge, the Borrower grants and mortgages any additional or greater interest in the Lands that the Borrower may later acquire, and such additional or greater interest shall be included within the definition of “Lands” in this Charge.
Subsequent Interests a. If Optionor or OPTIONEE assigns or transfers any interest in the Gold Dust Claims, the assigning party shall give written notice thereof to the other party. Any such assignment or transfer shall be subject and subordinate to the rights and interests granted herein to the other party. Any such assignment or transfer shall not affect or limit any obligation of the assigning party that arose prior to the date of assignment or transfer. The provisions of this Section 19(a) shall be incorporated in and made a part of each such instrument of assignment or transfer.
b. No change of owner of the Gold Dust Claims as permitted under this Agreement shall be binding upon OPTIONEE until thirty (30) days after OPTIONEE has received, from Optionor a copy of the recorded instrument to evidence the change of ownership and to establish the right, title, or interest of the claiming party and the extent thereof. Regardless of any ownership change, all payments that OPTIONEE may make under this agreement shall be made in accordance with the terms of this Agreement. No change of ownership shall entitle any person to receive payments in any manner different from those provided herein or shall require OPTIONEE to separately sample, assay, or mill ore derived from any portion of the Gold Dust Claims.
c. In the event Optionor makes an assignment or transfer of the Gold Dust Claims or their interest in this Agreement and payments under this Agreement become payable to two or more parties, those parties shall appoint and shall deliver to OPTIONEE a document executed by all of those parties that designates the name and address of a single agent to whom OPTIONEE shall make all payments. Until OPTIONEE receives such designation, OPTIONEE may withhold all payments without interest. Payments withheld, if any, shall be deposited with the single agent within twenty (20) days after OPTIONEE's receipt of the designation. OPTIONEE shall have no responsibility as to the division of payments among said parties. If OPTIONEE makes a payment or payments in accordance with the provisions of this Section 19, it shall be conclusively deemed that such payment or payments have been received by Optionor.
Subsequent Interests. If the Issuing Bank at any time receives notice of any subsequent mortgage, assignment, charge or other interest affecting all or any part of any Account and/or any Deposit, all payments thereafter made by the Company to the Issuing Bank shall be treated as having been credited to a new account of the Company and not as having been applied in reduction of the Secured Obligations as at the time when the Issuing Bank received notice.
Subsequent Interests. If the Collateral Agent (acting in its capacity as security agent or otherwise) or any of the Secured Parties at any time receives notice or is deemed to have received notice of any subsequent Lien affecting all or any part of any Deposit or any assignment or transfer of any Deposit which in either case is prohibited by the terms of this Agreement or the Principal Finance Documents, all payments made by the Company to the Collateral Agent or any of the Secured Parties after that time shall be treated as having been credited to a new account of the Company and not as having been applied in reduction of the Secured Liabilities as at the time when the Collateral Agent received notice.
Subsequent Interests. The parties agree that, should Seller on one or more occasions in the future identify additional interests, whether owned by Seller or potentially to be acquired by Seller ("Subsequent Interests"), which it desires to offer for sale to Buyer, and should Buyer desire to acquire said Subsequent Interests, the parties shall enter into an addendum to this Agreement (an "Addendum Agreement") by which such Subsequent Interests shall become subject to the terms and provisions of this Agreement, the Management Agreement, and an Operating Agreement (to extent the particular Subsequent Interest is or would be operated by Seller) as if said Subsequent Interest were identified herein upon execution hereof. Said Addendum Agreement shall identify the Subsequent Interest(s) subject thereto, and shall amend any such terms of this Agreement to adapt same to the specific Subsequent Interests) subject thereto, including but not limited to the related closing date.
Subsequent Interests. If the Collateral Agent (acting in its capacity as security trustee or otherwise) or any of the Secured Parties at any time receives notice or is deemed to have received notice of any subsequent Lien affecting all or any part of the Charged Portfolio or any assignment or transfer of the Charged Portfolio which in either case is prohibited by the terms of this Agreement or the Principal Finance Documents, all payments made by the Chargor to the Collateral Agent or any of the Secured Parties after that time shall be treated as having been credited to a new account of the Chargor and not as having been applied in reduction of the Secured Liabilities as at the time when the Collateral Agent received notice.
Subsequent Interests. County will not grant, after the Effective Date of the Lease, a lease, license or any other right to any third party, if the exercise of such grant directly and materially adversely affects or interferes with the Project and Xxxxxx’s Radio Equipment, the operations of Lessee or the rights of Lessee under the Lease. County will notify Lessee in writing prior to County granting any third party the right to install and operate communications equipment on the Premises. County will not knowingly, nor will County permit its tenants or lessees to, materially and adversely interfere with the Project or Lessee’s Radio Equipment, the operations of Lessee or the rights of Lessee under the Lease. Within five (5) days after receipt of notice of interference from Xxxxxx, County will initiate steps to cause such interference to cease. In the event any such interference does not cease, County shall notify any such tenants or lessees to cease all operations which are suspected of causing interference (except for intermittent testing to determine the cause of such interference) until the interference has been corrected. Notwithstanding the foregoing, Xxxxxx acknowledges that in no event will County cease operations related to its public safety or emergency communications purposes, and Xxxxxx accepts the risks of such possible interference. Lessee acknowledges that County enters into this Lease in its proprietary capacity only, and not in its governmental or regulatory capacity. It being understood that Permit Sonoma, is the agency which has regulatory authority over telecommunications operations.
Subsequent Interests. 8.1 If the Security Agent or any Secured Party at any time receives notice of any subsequent mortgage, assignment, charge or other interest affecting all or any part of the Charged Property, all payments thereafter made by the Chargor to the Security Agent or the Secured Party (as the case may be) pursuant to this Charge shall be treated as having been credited to a new account of the Chargor and not as having been applied in reduction of the Secured Indebtedness as at the time when the Security Agent or the Secured Party (as the case may be) received such notice.
8.2 All monies, received, recovered or realised by the Security Agent under this Charge (including the proceeds of any conversion of currency) may, in the discretion of the Security Agent be credited to and held in any suspense or impersonal account pending their application from time to time in or towards the discharge of the Secured Indebtedness.
Subsequent Interests. If the Security Trustee at any time receives notice of any subsequent mortgage, assignment, charge or other interest affecting all or any part of any Account and/or any Deposit, all payments thereafter made by the Applicant to the Security Trustee or the other Finance Documents shall be treated as having been credited to a new account of the Applicant and not as having been applied in reduction of the Secured Obligations as at the time when the Security Trustee received notice.
