Examples of Acquisition Fund Agreement in a sentence
None of Lessee’s right, title, and interest in, to and under this Agreement or any portion of the Equipment or the Acquisition Fund Agreement or the Acquisition Fund may be assigned, encumbered or subleased by Lessee for any reason, and any purported assignment, encumbrance or sublease without Lessor’s prior written consent shall be null and void.
The Lessee is a body corporate and politic duly created and validly existing under the laws of the State of New Jersey, with full power and authority under the Act to enter into the Master Lease and Schedule, to adopt or execute, as appropriate, and deliver and perform its obligations under the Lessee Resolution, the Master Lease, Schedule and Acquisition Fund Agreement.
Assignments in part may include without limitation assignment of all of Lessor’s security interest in and to the Equipment and all rights in, to and under this Agreement related to such Equipment, and all of Lessor’s security interest in and to the Acquisition Fund, or all rights in, to and under the Acquisition Fund Agreement.
The Master Lease, Schedule and Acquisition Fund Agreement have been duly authorized by the Lessee pursuant to law, have been properly executed by the Lessee and, assuming the due authorization and proper execution by the parties thereto other than the Lessee, constitute valid and legally binding agreements of the Lessee, enforceable against the Lessee in accordance with their respective terms.
All amounts remaining on deposit in the Acquisition Fund as of the earlier of such dates shall be applied by the Acquisition Fund Custodian as provided in the Acquisition Fund Agreement to prepay Rental Payments in whole or in part as provided in Section 10.01(e).
The Lease Proceeds which Lessor shall pay to the Lessor pursuant to an Acquisition Fund Agreement in connection with this Schedule is $ , all of which is for deposit to the Acquisition Fund.
The Master Lease, Schedule and Acquisition Fund Agreement have been duly authorized by the Sub-Lessee pursuant to law, have been properly executed by the Sub-Lessee and, assuming the due authorization and proper execution by the parties thereto other than the Sub-Lessee, constitute valid and legally binding agreements of the Sub-Lessee, enforceable against the Sub-Lessee in accordance with their respective terms.
When items of Energy Conservation Equipment have been delivered and installed and are available for Lessee’s beneficial use and enjoyment, Lessee shall promptly accept such Equipment and evidence said acceptance by executing and delivering to Lessor an Acceptance Certificate and Disbursement Request as provided in the Acquisition Fund Agreement.
Lessee will, at its expense, maintain its legal existence in good standing and do any further act and execute, acknowledge, deliver, file, register and record any further documents Lessor may reasonably request in order to protect Lessor’s first priority security interest in the Renewable Energy Equipment and the Acquisition Fund and Lessor’s rights, interests and benefits under this Agreement and the Acquisition Fund Agreement.
Rental Payments shall commence on the date on which the Equipment is accepted by the Department of Correction, as indicated in an Acceptance Certificate substantially in the form of Exhibit E to the Agreement or the date on which sufficient moneys to purchase the Equipment are deposited for that purpose with Lessor pursuant to an Acquisition Fund Agreement, whichever is earlier.