Common use of Unassigned Issuer’s Rights Clause in Contracts

Unassigned Issuer’s Rights. Notwithstanding any other provision hereof, upon the occurrence of an Event of Default arising out of Unassigned Issuer’s Rights, the Issuer reserves the right to exercise or refrain from exercising remedies under the Loan Agreement with respect to such Event of Default and such Event of Default may not be waived or annulled without the prior written consent of the Issuer.

Appears in 8 contracts

Samples: Loan Agreement (York Water Co), Loan Agreement (York Water Co), Loan Agreement (York Water Co)

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Unassigned Issuer’s Rights. Notwithstanding any other provision hereof, upon the occurrence of an Event of Default arising out of Unassigned Issuer’s 's Rights, the Issuer reserves the right to exercise or refrain from exercising remedies under the Loan Agreement with respect to such Event of Default and such Event of Default may not be waived or annulled without the prior written consent of the Issuer.

Appears in 3 contracts

Samples: Loan Agreement (York Water Co), Loan Agreement (York Water Co), Loan Agreement (York Water Co)

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