By the Grantor Sample Clauses

By the Grantor. (1) Other than during an ongoing Adverse Financial Event, RBC Ratio Triggering Event, or Reinsurance Credit Event, the Grantor or its designated Investment Manager, without the consent of, or prior to notice to, the Beneficiary, may direct the Trustee to substitute or exchange Assets contained within the Trust Account by delivering a Grantor Substitution Notice substantially in the form attached hereto as Exhibit H-1 from a Grantor Authorized Officer; provided, that (A) at the time of such substitution or exchange, the Assets to be so substituted or exchanged are replaced with other Eligible Assets such that the Book Value of the Assets in the Trust Account, after giving effect to such substitution or exchange, is at least equivalent to the Book Value of the Assets in the Trust Account prior to such substitution or exchange (the “Replacement Assets”) and (B) the Replacement Assets shall be deposited with the Trustee (I) on the same day of the substitution or exchange for publicly traded securities, (II) within ten (10) Business Days of the substitution or exchange for Bank Loans and Private Debt, with no more than $100,000,000 pending deposit for any Bank Loan or Private Debt and (III) within twelve (12) Business Days of the substitution or exchange for Commercial Mortgage Loans with no more than $200,000,000 pending deposit for any Commercial Mortgage Loan, provided that in no event shall more than $200,000,000 of Replacement Assets, in the aggregate, be pending deposit at any given time. For the avoidance of doubt, any Assets pending deposit in connection with a withdrawal pursuant to Section 4(f) shall be taken into account in determining whether the Grantor is in compliance with such limits.
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By the Grantor. In the event that during the Term of this Agreement the Grantor is required by public authorities or by lawful order or decree of a regulatory agency or court to relocate or modify any or all of the Duct System within which _DN or any part thereof is located, the Grantor and the Grantee shall cooperate in performing such relocation or modifications so as to minimize any interference with the use of _DN or __Net by either party and to avoid unreasonably impairing the ability of each to provide communications services of the type, quality and reliability contemplated by this Agreement. Any such relocation shall be accomplished in accordance with the provisions of Exhibit 3.29 Cable Specifications. Unless otherwise agreed by the parties, all costs directly associated with the relocation of the Cable and Equipment shall be shared by the parties on a pro rata basis based on the number of fiber optic filaments each party controls.
Sample 1
By the Grantor. The Grantor shall have the right to make Periodic Inspections of any part of the Grantee's operations occupying the Grantor's property. The Grantor will give the Grantee reasonable advance written notice of any periodic inspections, except in those instances where, in the sole judgment of the Grantor, safety considerations justify the need for a Periodic Inspection without the delay of waiting until a written notice has been forwarded to the Grantee. A representative of the Grantee may accompany the Grantor's representative on all Periodic Inspections.
Sample 1
By the Grantor. The Grantor may from time to time substitute or exchange Assets contained within the Trust Account, provided the Assets received and deposited in the Trust Account in such substitution or exchange (the "Replacement Assets") satisfy the definition of "Assets" in Section 2.1(a) of this Trust Agreement and provided further that either (i) the aggregate fair market value (determined by the Trustee in accordance with Section 2.1(c) on such day) of such Replacement Assets to be deposited in or credited to the Trust Account on such day is at least equal, in the aggregate, to the fair market value of the Assets being removed from the Trust Account on such day, or (ii) the Beneficiary has given its prior written consent to such substitution or exchange, which consent shall not be unreasonably withheld.
Sample 1

Related to By the Grantor

  • Managing the Grant 7.1 Each party must notify the other of:

  • Payment of the Grant 8.1 The Commonwealth agrees to pay the Grant to the Grantee in accordance with the Grant Details.

  • Spending the Grant 9.1 The Grantee agrees to spend the Grant for the purpose of undertaking the Activity only.

  • Valid Security Interest This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Property in favor of the Issuer, which is prior to all other Liens, other than Permitted Liens, and is enforceable against creditors of and purchasers from the Depositor.

  • Grant of Security Interest in Trademark Collateral Each Grantor hereby unconditionally grants, assigns, and pledges to Agent, for the benefit each member of the Lender Group and each of the Bank Product Providers, to secure the Secured Obligations, a continuing security interest (referred to in this Trademark Security Agreement as the “Security Interest”) in all of such Grantor’s right, title and interest in and to the following, whether now owned or hereafter acquired or arising (collectively, the “Trademark Collateral”):

  • Nature of the Grant In signing this Agreement, the Participant acknowledges that:

  • Purpose of the Grant I.1.1 The Commission has decided to award a grant, under the terms and conditions set out in the Special Conditions, the General Conditions and the Annexes to the agreement, which the beneficiary hereby declares that he has taken note of and accepts, for the action entitled […] ("the action").

  • Validity and Priority of Security Interest The provisions of this Agreement, and the other Loan Documents create legal and valid Liens on all the Collateral in favor of the Agent, for the ratable benefit of the Agent and the Lenders, and such Liens constitute perfected and continuing Liens on all the Collateral, having priority over all other Liens on the Collateral, except for those Liens identified in clauses (c), (d) and (e) of the definition of Permitted Liens securing all the Obligations, and enforceable against the Borrower and all third parties.

  • Security Interest in Financed Vehicle Immediately prior to the sale, transfer and assignment thereof pursuant hereto and the First Step Receivables Assignment, each Receivable was secured by a validly perfected first priority security interest in the Financed Vehicle in favor of the Seller as secured party or all necessary and appropriate action had been commenced that would result in the valid perfection of a first priority security interest in the Financed Vehicle in favor of the Seller as secured party.

  • Maintenance of Security Interests in Financed Vehicles The Servicer shall, in accordance with its customary servicing procedures, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Vehicle. The Servicer is hereby authorized to take such steps as are necessary to re-perfect such security interest on behalf of the Issuing Entity and the Indenture Trustee in the event of the relocation of a Financed Vehicle or for any other reason.

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