Common use of Granting of Easements Clause in Contracts

Granting of Easements. If no Event of Default shall have happened and be continuing, the Company may at any time or times cause to be granted easements (including party wall agreements), licenses, rights-of-way (temporary or perpetual and including the dedication of public highways) and other rights or privileges in the nature of easements with respect to any property included in the Project Land and such grant will be free from any lien or security interest created by this Agreement and the Indenture, or the Company may cause to be released existing easements, licenses, rights-of-way and other rights or privileges in the nature of easements, held with respect to any property included in the Project Land with or without consideration and the Board agrees that it shall execute and deliver and will cause and direct the Trustee to execute and deliver any instrument necessary or appropriate to confirm and grant or release any such easement, license, right-of-way or other right or privilege upon receipt of: (i) a copy of the instrument of grant or release, and (ii) a written application signed by the president or any vice president of the Company requesting the execution and delivery of such instrument and stating that such grant or release is not detrimental to the proper conduct of the business of the Company, and that such grant or release will not impair the effective use or interfere with the operations of the Project Facilities and will not materially weaken, diminish or impair the security intended to be given by or under this Agreement and the Indenture.

Granting of Easements. If no Event of Default shall have happened and be continuing, the Company may at any time or times times, subject to its leasehold interest, cause to be granted easements (including party wall agreements)easements, licenses, rights-of-rights of way (temporary or perpetual and including the dedication of public highways) and other rights or privileges in the nature of easements with respect to any property or rights included in the Project Land and such grant will be Indenture, free from any lien or security interest created afforded by this Agreement and or under the Indenture, or the Company may cause to be released release existing easements, licenses, rights-of-rights of way and other rights or and privileges in the nature of easements, held with respect to any property included in the Project Land with or without consideration consideration, and the Board Issuer agrees that it shall execute and deliver deliver, and will cause and direct the Trustee in writing to execute and deliver deliver, any instrument necessary or appropriate to confirm and grant or release any such easement, license, right-of-right of way or other right grant or privilege upon receipt of: (ia) a copy of the instrument of grant or release, and (iib) a written application signed by the president or any vice president of the Authorized Company Representative requesting the execution and delivery of such instrument and stating certifying (i) that such grant or release is not detrimental to the proper conduct of the business of the Company, Company and (ii) that such grant or release will not impair the effective use or interfere with the operations operation of the Project Facilities and (c) an opinion of the Company’s counsel that such grant or release will not materially weaken, diminish or impair the security intended to be given for the Bonds afforded by or under this Agreement and the Indenture.

Granting of Easements. If no Event of Default shall have ---------------------- happened and be continuing, the Company may at any time or times cause to be granted easements (including party wall agreements), licenses, rights-of-way (temporary or perpetual and including the dedication of public highways) and other rights or privileges in the nature of easements with respect to any property included in the Project Land and such grant will be free from any lien or security interest created by this Agreement and the Indenture, or the Company may cause to be released existing easements, licenses, rights-of-way and other rights or privileges in the nature of easements, held with respect to any property included in the Project Land with or without consideration and the Board agrees that it shall execute and deliver and will cause and direct the Trustee to execute and deliver any instrument necessary or appropriate to confirm and grant or release any such easement, license, right-of-way or other right or privilege upon receipt of: (i) a copy of the instrument of grant or release, and (ii) a written application signed by the president or any vice president of the Company requesting the execution and delivery of such instrument and stating that such grant or release is not detrimental to the proper conduct of the business of the Company, and that such grant or release will not impair the effective use or interfere with the operations of the Project Facilities and will not materially weaken, diminish or impair the security intended to be given by or under this Agreement and the Indenture.