Examples of IRB Lease in a sentence
In addition, no Credit Party shall become a party to any agreement, note, indenture or instrument, or take any other action, which would prohibit the creation of a Lien on any of its properties or other assets in favor of Agent, on behalf of itself and Lenders, as additional collateral for the Obligations, except operating leases, Capital Leases (including the IRB Lease Agreement), the IRB Indenture, or Licenses which prohibit Liens upon the assets that are subject thereto.
For purposes of this Section 2.2, it shall not be unreasonable for Cargill to withhold approval if TAI's intended use may cause a default in the IRB Lease as defined in the Lease Agreement.
After the Effective Date, enter into any real property lease (other than an IRB Lease), including any renewal or modification of a lease relating to the Real Estate occupied by the Borrowers on the Effective Date, if the aggregate annual rental under all such leases of the Borrowers would exceed $460,000, without the prior written consent of the Agent, on behalf of the Lenders, which consent shall not be unreasonably withheld.
For purposes of this Section 2.2, it shall not be unreasonable for Cargill to withhold approval if TAI’s intended use may cause a default in the IRB Lease as defined in the Lease Agreement.
The capital structure of each Credit Party and the terms and conditions of all Indebtedness (including, without limitation, in respect of the Lebanon IRBs, the IRB Lease Agreement and the IRB Indenture) of each Credit Party shall be acceptable to Agent in its sole discretion.
After the Effective Date, enter into any real property lease (other than an IRB Lease), including any renewal or modification of a lease relating to the Real Estate occupied by the Borrowers on the Effective Date, if the aggregate annual rental under all such leases of the Borrowers would exceed $100,000, without the prior written consent of the Agent, on behalf of the Lenders, which consent shall not be unreasonably withheld.
It is not the intention of Landlord and Tenant to obligate Tenant to satisfy the bonds which are the subject of the IRB Lease.
Landlord and Tenant intended that the Lease be prior and superior to the Lease and Purchase Agreement dated as of December 1, 1995 (the "IRB Lease") between the City of Rio Rancho, New Mexico and Landlord (notwithstanding provisions in Section 31 of the Lease prohibiting Tenant from taking any action that would result in a violation of the IRB Lease, which prohibition is hereby specifically affirmed by Landlord and Tenant) and to survive any termination of the IRB Lease.
In addition, Tenant, at any time during the term of this Lease Agreement, shall permit reasonable inspection of the Toledo Facility during reasonable hours by the Toledo-Lucas County Port Authority, the IRB Lease Trustee, anx xx xxxxx xespective agents or representatives.
Pledgor shall not vote and shall not grant any consent, waiver or ratification or take any action with respect to the Bonds, the IRB Lease or the Indenture which would, in any material respect, violate or be inconsistent with any of the terms of the Credit Agreement, unless such action is approved by the Agent.