Assignment Leasing and Selling. SECTION VII.1. By the Company. The Company's interest in this Refunding Agreement may be assigned in whole or in part, and the Facilities may be leased or sold as a whole or in part (whether a specific element or unit or an undivided interest), by the Company, subject, however, to the condition that no assignment, lease or sale (other than as described in Section 6.1 hereof) shall relieve the Company from primary liability for its obligations under Section 4.2 hereof to pay the payments required thereunder, or for any other of its obligations hereunder, other than those obligations relating to the operation, maintenance and insurance of the Facilities, which obligations (to the extent of the interest assigned, leased or sold and to the extent assumed by the assignee, lessee or purchaser) shall be deemed to be satisfied and discharged. Further, upon any such lease or sale the Company shall comply with the requirements of the Code and the regulations promulgated thereunder (including, without limitation, the taking of remedial action with respect to the Bonds) as the same may then be applicable. The Company shall, within fifteen (15) days after the delivery thereof, furnish to the Issuer and the Trustee a true and complete copy of the agreements or other documents effectuating any such assignment, lease or sale.
Assignment Leasing and Selling. 22 Section 7.01. Conditions.............................................22 Section 7.02. Instrument Furnished to Trustee........................23 Section 7.03. Limitation.............................................23
Assignment Leasing and Selling. No Other Transfer by City. Except as provided in Sections 4.3 and 8.2, the City will not sell, assign, transfer or convey its rights, title or interests in this Lease or the Project, or its obligations under this Lease.
Assignment Leasing and Selling. Section 8.1 Assignment of this Loan Agreement or Lease or Sale of the Project by the Company. The rights of the Company under this Loan Agreement may be assigned, and the Project may be leased or sold as a whole or in part, without the necessity of obtaining the consent of the Issuer, the Trustee or the Credit Facility Trustee, subject to the following conditions:
Assignment Leasing and Selling. Section 8.1. Assignment of Loan Agreement or Lease or Sale of Project by the Borrower.................................19 Section 8.2. Restrictions on Transfer of Issuer's Rights..................19
Assignment Leasing and Selling. SECTION 7.1
Assignment Leasing and Selling. (a) Unless the Capital Reserve Fund has been drawn upon, and the time has expired for the restoration thereof, and the Capital Reserve Fund has not been fully restored pursuant to Section 5.09 of the Indenture, without the prior written consent of the Issuer, the Borrower may not assign its rights, interests or obligations hereunder or under the Loan Note or sell the whole or any part of the Facility or lease the whole or any part of the Facility necessary for the operation of the Facility at its designed capacity.
Assignment Leasing and Selling. 22 Section 7.01 Assignment of Rights by the Issuer 22 Section 7.02 No Other Transfer by Issuer 23 Section 7.03 Assignment, Lease, Mortgage and Sale by the Company 23 Section 7.04 Lender Mortgages 23
Assignment Leasing and Selling. Section 7.1. Conditions . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Section 7.2. Instrument Furnished to Trustee. . . . . . . . . . . . . . . . 19
Assignment Leasing and Selling. 23 Section 6.1. Assignment of Rights by the Issuer. 24 Section 6.2. No Other Transfer by Issuer. 24 Section 6.3. Assignment, Lease, Encumbrance, Sale or Merger involving the Company 24 ARTICLE VII - EVENTS OF DEFAULT AND REMEDIES 25 Section 7.1. Events of Default Defined. 25 Section 7.2. Remedies on Default 26 Section 7.3. Company To Give Notice of Default 27
