Appointment of Replacement SPV Sample Clauses

Appointment of Replacement SPV. If SPV resigns or is terminated hereunder, the Executive Committee may appoint a Replacement SPV to continue the Projects and replace SPV under this PFS Contract. Any such Replacement SPV must be a nonprofit corporation recognized as a 501(c)(3) organization under the Tax Code, and not an organization described under § 4942(g)(4)(A)(i) of the Tax Code. If the County finds a willing, qualified and able Replacement SPV to accept the obligations of SPV hereunder, the Executive Committee shall promptly act to appoint such Replacement SPV in accordance with this PFS Contract. Subject to the security interests and rights of Lenders and the assumption of the Loans by any Replacement SPV, SPV shall cooperate in executing any instrument necessary to transfer any funds held in the SPV Operating Account, transferring any records or files pertaining to this PFS Contract or the Projects, and assigning and transitioning its responsibilities and its interests any contracts relating to the Projects to any Replacement SPV.
Sample 1
AutoNDA by SimpleDocs
Appointment of Replacement SPV. If SPV resigns or is terminated hereunder, the Executive Committee may appoint a Replacement SPV to continue the Projects and replace SPV under this PFS Contract. Any such Replacement SPV must be a nonprofit corpo... (e)
Sample 1

Related to Appointment of Replacement SPV

  • Appointment of Representative (a) Selection Upon the occurrence of an Event of Default, a single representative shall be appointed to represent all of the Holders (the “Representative”). The Representative (i) may, but need not, be a Holder; (ii) shall not be affiliated with or related to the Company; and (iii) shall be selected by the Holders as follows:

  • Appointment of Representatives 6.01 The Employer acknowledges the right of the Union to appoint employees as Representatives of the Union.

  • Resignation of Representative A Representative may resign at any time by giving notice to the Company and all of the Holders of the Notes at least thirty (30) days before such resignation is to become eRective. Upon the resignation of a Representative, a replacement shall be selected by the affirmative vote of Holders holding a majority of the Notes, measured by outstanding principal amount. If such Holders have not selected a replacement Representative within sixty (60) days following the eRective date of the resignation, then Portal may, at any time, by giving notice to the Company and all of the Holders, designate a replacement Representative who shall not be related to or affiliated with Portal or the Company.

  • Termination of Representative The services of a Representative may be terminated at any time by the affirmative vote of Holders holding a majority of the Notes, measured by the outstanding principal amount with respect to each such Note, but only if they simultaneously appoint a replacement Representative.

  • Designation of Representative The Director of Public Works or the Director’s authorized representative is hereby designated as the City’s representative with respect to the work to be performed under this Agreement. Said representative shall have complete authority to transmit instructions, receive information, and interpret and define the City’s policies and decisions with respect to the services of the Consultant.

  • Designation of Representatives The District’s Representative is: Name and Contact Information The Contractor’s Representative is: Name and Contact Information A party may change its designated representative upon 30 days written notice to the other party.

  • Selection of Representatives a) Each central party and the Crown shall select its own representatives to the Committee.

  • Appointment of Sub-processors Client acknowledges and agrees that (a) Data Processor’s Affiliates may be used as Sub-processors; and (b) Data Processor and/or Data Processor’s Affiliates respectively may engage third-party Sub-processors in connection with the provision of the Services.

  • Appointment of Receiver To the extent permitted by Applicable Law, the Administrative Agent and the Lenders shall be entitled to the appointment of a receiver for the assets and properties of the Borrower and its Subsidiaries, without notice of any kind whatsoever and without regard to the adequacy of any security for the Obligations or the solvency of any party bound for its payment, to take possession of all or any portion of the property and/or the business operations of the Borrower and its Subsidiaries and to exercise such power as the court shall confer upon such receiver.

  • Appointment Status An Employee shall be appointed on a permanent basis, or on a casual basis in accordance with Article 37.

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