STEP-IN RIGHTS UNDER MATERIAL CONTRACTS Sample Clauses

STEP-IN RIGHTS UNDER MATERIAL CONTRACTS. 9.1 Priority of Step-In Rights under Material Contracts Subject to Sections 9.2 and 9.4, notwithstanding any provision in any Material Project Contractor Collateral Agreement, the Authority will not exercise any right it may have pursuant to a Material Project Contractor Collateral Agreement to step-in and assume or otherwise enforce (or cause a third party designated by the Authority to step-in and assume or otherwise enforce) Project Co’s rights and obligations under any of the Material Contracts (including the issuance of a step-in notice by the Authority pursuant to any Material Project Contractor Collateral Agreement), or to transfer or assign a Material Contract, unless:
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs
STEP-IN RIGHTS UNDER MATERIAL CONTRACTS. 9.1 Step-in from Termination Date or Senior Debt Discharge Date Subject to Section 9.3, from (but not before) the earliest to occur of the Termination Date and the Senior Debt Discharge Date, provided that the Authority has (if applicable) complied with Section 3.7 and Section 4.5 in terminating the Project Agreement, the Authority will be free to exercise its rights under any Material Project Contractor Collateral Agreement to step-in and assume (or cause a third party designated by the Authority to step-in and assume) Project Co’s rights and obligations under, or to transfer or assign, any Material Contract in accordance with a Material Project Contractor Collateral Agreement.
Sample 1Sample 2
STEP-IN RIGHTS UNDER MATERIAL CONTRACTS. 13 9.1 Priority of Step-In Rights under Material Contracts 13 9.2 Step-in from Termination Date 13 9.3 Release of Security 13 9.4 Retention of Security for Senior Debt Deficiency 14 9.5 Assignment of Material Contracts by Finance Parties 14 10. ASSIGNMENT 14 10.1 Restriction on Assignment 14 10.2 Assignment by Indenture Trustee 14 10.3 Assignment by Senior Lender 15 10.4 Assignment by Authority 15 10.5 New Agreement 15 11. GENERAL 15 11.1 Term 15 11.2 Conflict or Inconsistency 15 11.3 Entire Agreement 15 11.4 Waiver 15 11.5 Counterparts 15 11.6 Confidentiality 16 11.7 Notices 16 11.8 No Partnership or Agency 17 11.9 Remedies Cumulative 17 11.10 Disputes 17 SCHEDULE 10 LENDERS’ REMEDIES AGREEMENT THIS AGREEMENT is dated as of ▼, 20▼ BETWEEN: INTERIOR HEALTH AUTHORITY (the “Authority”) AND: BNY TRUST COMPANY OF CANADA, as indenture trustee for the Senior Lenders (the “Indenture Trustee”), as security agent for the Senior Lenders AND: ELLISDON INFRASTRUCTURE RIH GENERAL PARTNERSHIP, by its partners ELLISDON RIH INC. and ED RIH HOLDINGS LIMITED PARTNERSHIP (by its general partner ELLISDON RIH HOLDINGS INC.) (“Project Co”)
Sample 1
STEP-IN RIGHTS UNDER MATERIAL CONTRACTS. 9.1 Step-in from Termination Date or Senior Debt Discharge Date Subject to Section 9.3, from (but not before) the earliest to occur of the Termination Date and the Senior Debt Discharge Date, provided that the City has (if applicable) complied with Section 3.7 and Section 4.5 in terminating the Project Agreement, the City shall be entitled to exercise its rights under any Collateral Agreement to step-in and assume (or cause a third party designated by the City to step-in and assume) Project Co’s rights and obligations under, or to transfer or assign, any Project Contract in accordance with a Collateral Agreement.
Sample 1
STEP-IN RIGHTS UNDER MATERIAL CONTRACTS. 9.1 Priority of Step-In Rights under Material Contracts Subject to Sections 9.2 and 9.4, notwithstanding any provision in any Material Contract Party Collateral Agreement, the Authority will not exercise any right it may have pursuant to a Material Contract Party Collateral Agreement to step-in and assume or otherwise enforce (or cause a third party designated by the Authority to step-in and assume or otherwise enforce) Project Co’s rights and obligations under any of the Material Contracts (including the issuance of a step-in notice by the Authority pursuant to any Material Contract Party Collateral Agreement), or to transfer or assign a Material Contract, unless:
Sample 1
STEP-IN RIGHTS UNDER MATERIAL CONTRACTS. 9.1 Priority of Step-In Rights under Material Contracts Subject to Section 9.3, notwithstanding any provision in any Collateral Agreement, the Authority will not exercise any right it may have pursuant to a Collateral Agreement to step-in and assume (or cause a third party designated by the Authority to step-in and assume) Project Co’s rights and obligations under any of the Material Contracts (including the issuance of a step-in notice by the Authority pursuant to any Collateral Agreement), or to transfer or assign a Material Contract, unless:
Sample 1
STEP-IN RIGHTS UNDER MATERIAL CONTRACTS 
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs

Related to STEP-IN RIGHTS UNDER MATERIAL CONTRACTS

  • Related Provisions in Bidding Documents and Works Contracts 10. The Borrower shall ensure that all bidding documents and contracts for Works contain provisions that require contractors to:

  • RECORDS USAGE, DUPLICATION AND REDISCLOSURE RESTRICTIONS USAC and the Department agree to these restrictions on use, duplication, and disclosure of information furnished by the other Party:

  • Material Contracts Section 3.20

  • Contracts (Rights of Third Parties) Xxx 0000 No term of this Agreement is enforceable under the Contracts (Rights of Third Parties) Xxx 0000 by a person who is not a party to this Agreement.

  • The Contracts (Rights of Third Parties) Xxx 0000 A person who is not party to this Contract has no right under the Contracts (Rights of Third Parties) Xxx 0000 to enforce any term of this Contract but this does not affect any right or remedy of any person which exists or is available otherwise than pursuant to that Act.

  • THE CONTRACTS (RIGHTS OF THIRD PARTIES ACT 1999

  • Can I Roll Over or Transfer Amounts from Other IRAs or Employer Plans If properly executed, you are allowed to roll over a distribution from one Traditional IRA to another without tax penalty. Rollovers between Traditional IRAs may be made once every 12 months and must be accomplished within 60 days after the distribution. Beginning in 2015, just one 60 day rollover is allowed in any 12 month period, inclusive of all Traditional, Xxxx, SEP, and SIMPLE IRAs owned. Under certain conditions, you may roll over (tax-free) all or a portion of a distribution received from a qualified plan or tax-sheltered annuity in which you participate or in which your deceased spouse participated. In addition, you may also make a rollover contribution to your Traditional IRA from a qualified deferred compensation arrangement. Amounts from a Xxxx XXX may not be rolled over into a Traditional IRA. If you have a 401(k), Xxxx 401(k) or Xxxx 403(b) and you wish to rollover the assets into an IRA you must roll any designated Xxxx assets, or after tax assets, to a Xxxx XXX and roll the remaining plan assets to a Traditional IRA. In the event of your death, the designated beneficiary of your 401(k) Plan may have the opportunity to rollover proceeds from that Plan into a Beneficiary IRA account. In general, strict limitations apply to rollovers, and you should seek competent advice in order to comply with all of the rules governing rollovers. Most distributions from qualified retirement plans will be subject to a 20% withholding requirement. The 20% withholding can be avoided by electing a “direct rollover” of the distribution to a Traditional IRA or to certain other types of retirement plans. You should receive more information regarding these withholding rules and whether your distribution can be transferred to a Traditional IRA from the plan administrator prior to receiving your distribution.

  • Our Liability for Failure to Complete Transactions If we do not properly complete a transaction from your Card on time or in the correct amount according to our Agreement with you, we will be liable for your losses or damages. However, there are some exceptions. We will not be liable, for instance:

  • Contract (Rights of Third Parties) Xxx 0000 22.1 No person who is not a party to this Grant Agreement shall have the right to enforce any of its terms.

  • CONTRACTS (RIGHTS OF THIRD PARTIES ACT 1999 A person who is not a party to this Agreement has no right under the Contracts (Rights of Third Parties) Xxx 0000 to enforce any term of this Agreement, but this does not affect any right or remedy of a third party which exists or is available apart from that Act.

Time is Money Join Law Insider Premium to draft better contracts faster.