Use of Project. Issuer does hereby covenant and agree that it will not take any action during the term of this Agreement, other than pursuant to Article IX of this Agreement or Article IX of the Indenture, to interfere with Company's ownership of the Project or to prevent Company from having possession, custody, use and enjoyment of the Project.
Appears in 7 contracts
Samples: Loan Agreement (PPL Energy Supply LLC), Loan Agreement (PPL Energy Supply LLC), Loan Agreement (PPL Energy Supply LLC)
Use of Project. The Issuer does hereby covenant covenants and agree agrees that it will not take any action action, other than pursuant to the exercise of its rights under Section 5.2 of this Agreement and under the corresponding provisions of the Original Agreement, to prevent the Company from having possession and enjoyment of the Project during the term of this AgreementAgreement and will, other than pursuant to Article IX of this Agreement or Article IX at the request of the Indenture, to interfere with Company and at the Company's ownership of cost, cooperate with the Project or to prevent Company from having possession, custody, use in order that the Company may have possession and enjoyment of the Project.
Appears in 7 contracts
Samples: Sale Agreement (Alabama Power Co), Installment Sale Agreement (Alabama Power Co), Sale Agreement (Alabama Power Co)
Use of Project. Issuer does hereby covenant and agree that it will not take any action during the term of this Agreement, other than pursuant to Article ARTICLE IX of this Agreement or Article ARTICLE IX of the Indenture, to interfere with Company's ownership of the Project or to prevent Company from having possession, custody, use and enjoyment of the Project.
Appears in 6 contracts
Samples: Loan Agreement (PPL Energy Supply LLC), Loan Agreement (PPL Energy Supply LLC), Loan Agreement (PPL Energy Supply LLC)
Use of Project. Issuer does hereby covenant and agree that it will not take any action during the term of this Agreement, other than pursuant to Article ARTICLE IX of this Agreement or Article ARTICLE IX of the Indenture, to interfere with Company's ’s ownership of the Project or to prevent Company from having possession, custody, use and enjoyment of the Project.
Appears in 4 contracts
Samples: Loan Agreement (Kentucky Utilities Co), Loan Agreement (Kentucky Utilities Co), Loan Agreement (Louisville Gas & Electric Co /Ky/)
Use of Project. Issuer does hereby covenant and agree that it will not take any action during the term of this Agreement, other than pursuant to Article IX of this Agreement or Article IX of the Indenture, to interfere with Company's ownership of the Project or to prevent Company from having possession, custody, use and enjoyment of the Project.. ARTICLE IV ISSUANCE OF 2001 SERIES A BONDS; APPLICATION OF PROCEEDS; COMPANY TO ISSUE FIRST MORTGAGE BONDS
Appears in 2 contracts
Samples: Loan Agreement (PPL Energy Supply LLC), Loan Agreement (PPL Energy Supply LLC)
Use of Project. The Issuer does hereby covenant and agree that it will not take any action during the term of this Agreement, other than pursuant to Article IX of this Agreement or Article IX of the Indenture, to interfere with Company's the Borrower’s ownership of the Project or to prevent Company the Borrower from having possession, custody, use and enjoyment of the Project, except such action as may be required of or permitted to the Issuer in its governmental capacities.
Appears in 2 contracts
Samples: Loan Agreement (First United Ethanol LLC), Loan Agreement (First United Ethanol LLC)
Use of Project. Issuer does hereby covenant and agree that it will not take any action during the term of this Agreement, other than pursuant to Article IX of this Agreement or Article IX of the Indenture, to interfere with Company's ownership of the Project or to prevent Company from having possession, custody, use and enjoyment of the Project.. ARTICLE IV ISSUANCE OF 2002 SERIES B BONDS; APPLICATION OF PROCEEDS; COMPANY TO ISSUE FIRST MORTGAGE BONDS
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Use of Project. Issuer does hereby covenant and agree that it will not take any action during the term of this Agreement, other than pursuant to Article IX of this Agreement or Article IX of the Indenture, to interfere with Company's ownership of the Project or to prevent Company from having possession, custody, use and enjoyment of the Project.. ARTICLE IV ISSUANCE OF 2002 SERIES C BONDS; APPLICATION OF PROCEEDS; COMPANY TO ISSUE FIRST MORTGAGE BONDS
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Use of Project. The Issuer does hereby covenant and agree that it will not take any action, or cause any action to be taken, during the term of this Agreement, other than pursuant to Article IX of this Agreement or Article IX VI of the Indenture, to interfere with Company's the Borrowers' ownership of the Project or to prevent Company the Borrowers from having possession, custody, use and enjoyment of the Project, except such action as may be required of or permitted to the Issuer in its governmental capacities.
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Use of Project. Issuer does hereby covenant and agree that it will not take any action during the term of this Agreement, other than pursuant to Article IX of this Agreement or Article IX of the Indenture, to interfere with Company's ’s ownership of the Project or to prevent Company from having possession, custody, use and enjoyment of the Project.
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Use of Project. The Issuer does hereby covenant and agree that it will not take any action, or cause any action to be taken, during the term of this Agreement, other than pursuant to Article IX of this Agreement or Article IX of the Indenture, to interfere with Company's the Borrower’s ownership of the Project or to prevent Company the Borrower from having possession, custody, use and enjoyment of the Project.
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Use of Project. The Issuer does hereby covenant and agree that it will not take any action action, other than pursuant to the exercise of its rights under Section 5.2 of this Agreement, to prevent the Company from having quiet and peaceable possession and enjoyment of the Project during the term of this AgreementAgreement and will, other than pursuant to Article IX of this Agreement or Article IX at the request of the Indenture, to interfere with Company and at the Company's ownership of cost, cooperate with the Project or to prevent Company from having possession, custody, use in order that the Company may have quiet and peaceable possession and enjoyment of the Project. The Issuer hereby acknowledges that the Project will not constitute any part of the security for the Bonds.
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