Examples of GR Reimbursement Agreement in a sentence
From and after the occurrence of an Event of Default, any amounts paid to the Bank hereunder shall be applied by the Bank to amounts due and owing to the Bank under this GR Reimbursement Agreement in the manner determined by the Bank in its sole and absolute discretion.
This GR Reimbursement Agreement is a continuing obligation and shall be binding upon the Bank, the Authority, and their respective successors, transferees and assigns, and shall inure to the benefit of and be enforceable by the Bank, the Authority and their respective successors, transferees and assigns; provided, however, that the Authority shall not assign all or any part of this GR Reimbursement Agreement or the Bank Note without the prior written consent of the Bank.
In case of any conflict or discrepancy between the terms and provisions of the Letter of Credit and terms and provisions of this GR Reimbursement Agreement or the General Resolution, the terms of the Letter of Credit shall determine the actual meaning of the Letter of Credit and this GR Reimbursement Agreement.
This consent to and submission to jurisdiction is with regard to any action related to this GR Reimbursement Agreement.
To the extent permitted by law, in the event the Authority has or hereafter acquires under any applicable law any right of immunity from set-off or legal proceedings on grounds of sovereignty or otherwise, the Authority hereby waives such rights to immunity for itself in all disputes or legal actions brought by the Bank with respect to obligations of the Authority arising under this GR Reimbursement Agreement or any other Document to which the Authority or any of its Subsidiaries is a party.
The Authority shall promptly enter into an amendment to this GR Reimbursement Agreement to include such Incorporated Provisions (provided that the Bank shall maintain the benefit of such Incorporated Provisions even if the Authority fails to provide such amendment).
Except as otherwise expressly provided herein, all payments to the Bank by the Authority under this GR Reimbursement Agreement and the Bank Note shall be made to the Bank in immediately available funds by wire transfer to the account designated for that purpose pursuant to Section 8.1 hereof not later than 1:00 p.m. (New York City time) on the date such payment is due.
Article, section and other headings in this GR Reimbursement Agreement are for convenience of reference only and shall not constitute a part of this GR Reimbursement Agreement for any other purpose.
The Authority shall not, and shall not permit any Subsidiary to, terminate any such Plan or withdraw therefrom unless it shall be in compliance with all of the terms and conditions of this GR Reimbursement Agreement after giving effect to any liability to PBGC resulting from such termination or withdrawal.
Subject to Section 2.11, but notwithstanding any other provision of this GR Reimbursement Agreement, the Bank shall be entitled to fund and maintain its funding of the Letter of Credit in any manner it sees fit.