Common use of Transfer of Airport Clause in Contracts

Transfer of Airport. The City shall not transfer, sell, lease or dispose of all or substantially all of the properties and facilities constituting the Enterprise unless either (i) the City receives the prior written consent of the Bank or (ii) the City pays to the Bank all amounts due and owing under this Agreement.

Appears in 3 contracts

Samples: Credit and Reimbursement Agreement, Credit and Reimbursement Agreement, Credit and Reimbursement Agreement

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Transfer of Airport. The City shall not transfer, sell, lease or dispose of all or substantially all of the properties and facilities constituting the Enterprise unless either (i) the City receives the prior written consent of the Bank or (ii) the City terminates the Letter of Credit and pays to the Bank all amounts due and owing under this AgreementAgreement and the Fee Letter.

Appears in 1 contract

Samples: Letter of Credit and Reimbursement Agreement

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