City Consent. Pursuant to the Ordinance, the Mayor and the City Manager are authorized to execute all documents on behalf of the City (including documents pertaining to the transfer of property or the financing or refinancing of the Project by the Developer) as may be required to carry out and comply with the intent of the Ordinance, the Indenture and this Lease. The Mayor and the City Manager are also authorized, unless expressly prohibited herein, to grant on behalf of the City such consents, estoppels and waivers relating to the Bonds, the Indenture, the Base Lease, this Lease or the Development and Performance Agreement as may be requested during the term hereof; provided, such consents, estoppels and/or waivers shall not increase the principal amount of the Bonds, increase the term of this Lease or the tax exemption as provided for herein, waive an Event of Default or materially change the nature of the transaction unless otherwise approved by the City Council.
City Consent. Pursuant to the Ordinance, the Mayor and the City Manager are authorized to execute all documents on behalf of the City (including, without limitation, the Price Road Access Agreement and documents relating to the financing or refinancing of the Project by the Developer) as may be required to carry out and comply with the intent of this Agreement and the Bond Documents. The Mayor and the City Manager are also authorized, unless expressly prohibited herein, to grant on behalf of the City such consents, estoppels and waivers relating to this Agreement, the Bonds, and the Bond Documents as may be requested during the term hereof; provided, such consents, estoppels and/or waivers shall not increase the principal amount of the Bonds, increase the term of any leasehold interests set forth in the Bond Documents, alter the sales and use tax exemption described in Section 3.9, or waive an Event of Default or materially change the nature of the transactions contemplated by this Agreement and the Bond Documents unless otherwise approved by the City Council.
City Consent. City will review and consider promptly and in good faith any request by a Transferor for City’s consent to any Release Provisions. City’s consent to any such Release Provisions may be withheld only if, in light of the proposed Transferee’s reputation and financial resources, such Transferee would not in City’s reasonable opinion be able to perform the obligations proposed to be assumed by such Transferee. In no event will City’s consent to any Release Provisions be unreasonably be withheld.
City Consent. Contractor acknowledges that this Agreement involves rendering a vital service to City's residents and businesses, and that City has relied upon Contractor's representation of its experience and financial resources in qualifying Contractor to perform Franchise Services under this Agreement. Except as provided in this Article, Contractor shall neither assign its rights nor delegate, subcontract, or otherwise transfer its obligations under this Agreement to any other Person or entity without the prior written consent of City. Any such assignment without the consent of City shall be void and the attempted assignment shall constitute a material breach of this Agreement. Under no circumstances shall City be required to consider any proposed assignment if there is an uncured Event of Default at any time during the period of consideration.
City Consent. City shall not unreasonably withhold its consent to a transfer of the franchise granted by this Agreement. City may impose reasonable conditions of approval on a transfer, including full compliance with all provisions of this Agreement. The applicant for the transfer shall demonstrate to City's satisfaction that it has the operational and financial ability to carry out the obligations of this Agreement.
City Consent. City shall not be obligated to consent to a sublease or assignment. In the event of any proposed sublease or assignment, Xxxxxx, not less than 30 days prior to the proposed effective date of such action, shall give notice to the City which includes the name, address and telephone number of the proposed assignee or sublessee and a fully executed original set of any and all documents being used to effect the proposed actions in a form acceptable to the City. All documents will clearly set forth that the sublease or assignment and assumption actions are subject to and conditioned upon the City’s consenting thereto in writing. Any assignee or sublessee must have assumed all obligations of Lessee under this Lease and shall have specifically agreed to perform and observe the covenants and conditions contained in this Lease on Xxxxxx’s part to be performed and observed.
City Consent. The City shall notify the Lenders’ Agent as to whether any Person to whom the Lenders’ Agent proposes to transfer Project Co’s rights and liabilities under the Project Agreement is a Suitable Substitute Project Co, not later than 20 Business Days after the date of receipt from the Lenders’ Agent of all information reasonably required by the City to decide whether the proposed transferee is a Suitable Substitute Project Co and, if the City fails to notify the Lenders’ Agent within such period, the proposed transferee shall be deemed to be a Suitable Substitute Project Co.
City Consent. Unless otherwise expressly stated herein, whenever City's consent is required under this Lease, such consent shall not be unreasonably withheld or delayed, and City's reasonable satisfaction shall be sufficient for any matters under this Lease.
City Consent. City is executing this Assignment Agreement for the limited purpose of consenting to the assignment and assumption and clarifying that there is privity of contract between City on the one hand, and Assignee on the other, with respect to the Development Agreement.
City Consent. Commercial Premises Location (identified on attached exhibit): Proposed Qualified Sub-Lessee City Contract No. Effective Date The City of Prescott, by and through the Prescott Airport Director, hereby consents to the sub-lease of the above referenced hangar/office space located within the Premises (hereinafter referred to as the “Lease”), to the above referenced “Proposed Qualified Sub-Lessee” (hereinafter referred to as “Sub- Lessee”), upon the following terms and conditions:
