Termination of Powers. The Authority shall continue to exercise the powers herein conferred upon it until the termination of this Agreement in accordance with Section 3 hereof.
Termination of Powers. The Agency shall continue to exercise the powers herein conferred upon it until the termination of this Agreement.
Termination of Powers. The AuthorityPioneerPioneer shall continue to exercise the powers herein conferred upon it until termination of this Agreement, and thereafter shall continue to exercise only such powers as to enable it to pay and discharge all costs, expenses, and charges legally incurred hereunder, and to dispose of, divide and distribute any property required as a result of the joint exercise of such powers.
Termination of Powers. (a) Upon the occurrence of an Event of Default, all such powers, rights and remedies of Borrower, which are conditionally permitted pursuant to Section 2.01, shall cease and the provisions of Article 7 shall apply, and without limiting the generality of the foregoing:
(i) all rights of the Borrower to receive the Distributions and other payments which it would otherwise be authorized to receive and retain shall cease, and all such rights shall thereupon become vested in the Lender which shall thereupon have the sole right to receive and hold as Collateral such Distributions and other payments;
(ii) all Distributions and other payments which are received by Borrower contrary to the provisions of this Section 2.02 shall be received in trust for the benefit of the Lender, shall be segregated from other funds of the Borrower and shall be forthwith paid over to the Lender as Collateral in the same form as so received (with any necessary endorsement);
(iii) Lender shall, after providing written notice to Borrower and Pledged Entity, (A) have the exclusive right to vote or give consents with respect to the Pledged Equity, and (B) have all rights that Borrower had under the Governing Documents of Pledged Entity to operate and manage Pledged Entity, including all rights relating to voting, consent, administration, management and all other powers, rights and remedies of Borrower under the Governing Documents, whether in Borrower’s name or otherwise, including the right to appoint officers, directors, managers and other similar positions and the right to exercise Borrower’s rights, if any, of conversion, exchange, or subscription, or any other rights, privileges or options pertaining to any of the Pledged Equity, including the right to exchange, at Lender’s discretion, any and all of the Pledged Equity upon the merger, consolidation, reorganization, recapitalization or other readjustment of such Pledged Entity, all without liability, except to account for property actually received by Lender.
(b) All amounts advanced by, or on behalf of, Lender in exercising its rights under this Section 2.02 (including, but not limited to, reasonable legal expenses and disbursements incurred in connection therewith), together with interest thereon from the date of each such advance at the default rate per annum for the Loan as set forth in the Note, shall be deemed made pursuant to contract, shall be payable by Borrower to Lender on demand and shall be deemed part of the Debt and se...
Termination of Powers. LIQUIDATION; DISTRIBUTION 6
Termination of Powers. The Cooperative shall continue to exercise its powers until the termination of this Agreement.
Termination of Powers. The Cooperative shall continue to exercise its powers until the termination of this Agreement. The Cooperative’s statutory authority is subject to legislative amendments to the JPA Act.
Termination of Powers. The powers, authority, --------------------- rights, duties and obligations granted or imposed as provided in this Section 11 shall terminate on the second annual anniversary following the last date on which the Principal Shareholders' Note has been paid in full or cancelled. Upon such termination, the Agent shall be released and discharged from all further duties and responsibilities under this Section 11.
Termination of Powers. This Agreement shall continue until rescinded or terminated by agreement of the parties; provided, however, that this Agreement shall not be rescinded or terminated during the term of any agreement with El Dorado County under which the EMS JPA provides prehospital emergency/ambulance services. If the EMS JPA is not the provider of ambulance services in CSA3 after the conclusion of any RFP process, the officers of the EMS JPA shall take all actions necessary for the prompt dissolution of the EMS JPA, at which time this Agreement shall terminate and the EMS JPA shall cease to exist.
Termination of Powers. Upon the occurrence of a default that is continuing, all such powers, rights, and remedies of Pledgor, which are conditionally permitted pursuant to Section 2.1, shall cease and the provisions of Section 4 hereof shall apply, subject to the priority rights of YA Global under the Priority YA Global Lien.
