Application of Article VII Sample Clauses

Application of Article VII. Article VII shall not apply to -------------------------- any Allocated Asset after an Event of Loss has occurred with respect to such Allocated Asset; provided, that the foregoing shall not limit the obligations of the Operator under Article VII hereof with respect to any replacement Allocated Asset.
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Application of Article VII. Anything in this Article VII to the contrary notwithstanding, the provisions of this Article VII shall not be applicable to (i) sales or other dispositions of Common Shares (A) referred to in, or made pursuant to and in compliance with, Articles VI or XII hereof or (B) to any Permitted Transferee and (ii) the grant of options and
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Application of Article VII. The terms of this Article VII shall apply notwithstanding that the death of a Member or the purchase of a Former Member's Interest by the Remaining Member may cause the technical termination and dissolution of the Company under the Code or the Act. No Former Member or Remaining Member shall be entitled to a distribution on account of a technical termination of the Company as the result of a Triggering Event.
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Application of Article VII. The Series A Preferred Shares are subject to the provisions of Article VII, including, without limitation, the provisions of Sections 7.2(a)(i) and (ii) and Section 7.3.
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Application of Article VII. (a) All provisions herein regarding rights, consents, approvals, directions, appointments or requests by the Series 2016B Bond Insurer shall be deemed to not require or permit such consents, approvals, directions, appointments or requests by the Series 2016B Bond Insurer and shall be read as if the Series 2016B Bond Insurer were not mentioned therein, during any time in which: (i) the Series 2016B Bond Insurer is in default in its obligation to make payments under (A) the Series 2016B Bond Insurance Policy when due, (B) the Series 2016B Debt Service Reserve Surety Policy when due, or (C) any other municipal bond insurance policy or debt service reserve surety policy issued by the Series 2016B Bond Insurer when due and such failure shall continue for 30 days unless the obligation of the Series 2016B Bond Insurer to pay is being contested by the Series 2016B Bond Insurer in good faith by appropriate proceedings;
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Related to Application of Article VII

  • Applicability of Article Securities of any series which are redeemable before their Stated Maturity shall be redeemable in accordance with their terms and (except as otherwise specified as contemplated by Section 301 for such Securities) in accordance with this Article.

  • Titles of Articles, Sections and Subsections All titles or headings to articles, sections, subsections or other divisions of this Agreement and the other Loan Documents or the exhibits hereto and thereto are only for the convenience of the parties and shall not be construed to have any effect or meaning with respect to the other content of such articles, sections, subsections or other divisions, such other content being controlling as to the agreement between the parties hereto.

  • Applicability of This Article Redemption of Securities of any series (whether by operation of a sinking fund or otherwise) as permitted or required by any form of Security issued pursuant to this Indenture shall be made in accordance with such form of Security and this Article; provided, however, that if any provision of any such form of Security shall conflict with any provision of this Article, the provision of such form of Security shall govern.

  • Amendment to Article VII Article VII of the Existing Credit Agreement is hereby amended to add a new Section 7.14 which shall read as follows:

  • Amendment to Article IX Article IX of the Credit Agreement is hereby amended by inserting the following text as a new Section 9.02A to the Credit Agreement:

  • Distribution on Dissolution, Liquidation and Reorganization; Subrogation of Securities Upon any distribution of assets of the Capital Corporation upon any dissolution, winding up, liquidation or reorganization of the Capital Corporation, whether in bankruptcy, insolvency, reorganization or receivership proceedings or upon an assignment for the benefit of creditors or any other marshalling of the assets and liabilities of the Capital Corporation or otherwise (subject to the power of a court of competent jurisdiction to make other equitable provisions reflecting the rights conferred in this Agreement upon the Senior Indebtedness and the holders thereof with respect to the Securities by a lawful plan of reorganization under applicable bankruptcy law),

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