Restrictions on Identity of Interest Relationships. Owner hereby acknowledges that in order to comply with the Program’ and LHC’s rules and regulations under the Loan Agreement, it must and does hereby covenant and agree that Owner shall notify LHC in writing prior to contracting with any Identity of Interest entity (other than as previously disclosed to LHC in writing), and Owner must include in its audited annual financial statements a disclosure of all amounts paid to Identity of Interest entities. In addition, LHC will have the right, in its sole and absolute discretion, during the term hereof, to require the cancellation of any contract between the Owner and any Identity of Interest entity, and all Identity of Interest contracts must permit such cancellation. If LHC approves any existing contract that does not provide for subsequent cancellation, Owner agrees, upon LHC’s request, to cause the contract to be modified to provide for cancellation.
Restrictions on Identity of Interest Relationships. In order to protect LHC’s interest in future Surplus Cash, the Borrower must notify LHC in writing prior to contracting with any Identity of Interest entity, and the Borrower must include in its audited annual financial statements a disclosure of all amounts paid to Identity of Interest entities. In addition, LHC will have the right, in its sole and absolute discretion, during the term hereof, to require the cancellation of any contract between the Borrower and any Identity of Interest entity, and all Identity of Interest contracts must permit such cancellation. If LHC approves any existing contract that does not provide for subsequent cancellation, Borrower agrees, upon LHC’s request, to cause the contract to be modified to provide for cancellation. All current contracts with Identity of Interest entities are identified on Schedule 3.1, attached hereto.
Restrictions on Identity of Interest Relationships. Owner hereby acknowledges that in order to comply with the Program and Xxxxxxx’s rules and regulations thereunder, it must and does hereby covenant and agree that Owner shall notify Grantee in writing prior to contracting with any Identity of Interest entity, and Owner must include in its audited annual financial statements a disclosure of all amounts paid to Identity of Interest entities. In addition, Grantee will have the right, in its sole and absolute discretion, during the term hereof, to require the cancellation of any contract between the Owner and any Identity of Interest entity, and all Identity of Interest contracts must permit such cancellation. If Grantee approves any existing contract that does not provide for subsequent cancellation such approval shall automatically be conditioned on Owner’s agreement to promptly cause the contract to be modified to provide for cancellation.
Restrictions on Identity of Interest Relationships. The Borrower must notify LHC in writing prior to contracting with any Identity of Interest entity, and the Borrower must include in its audited annual financial statements a disclosure of all amounts paid to Identity of Interest entities. In addition, LHC will have the right, in its sole but reasonable discretion, during the term hereof, to require the cancellation of any contract between the Borrower and any Identity of Interest entity. If LHC approves any other Identity of Interest existing contract that does not provide for subsequent cancellation, Xxxxxxxx agrees, upon LHC’s request, to cause the contract to be modified to provide for cancellation. All current contracts with Identity of Interest entities are identified on Schedule 2.1, attached hereto. Notwithstanding the foregoing, no Identity of Interest relationship may exist between Borrower and any lender providing secured financing to the Project unless Borrower has received the prior written consent of LHC.
Restrictions on Identity of Interest Relationships. In order to protect OCD’s interest in future Surplus Cash, the Borrower must notify OCD in writing prior to contracting with any Identity of Interest entity, and the Borrower must include in its audited annual financial statements a disclosure of all amounts paid to Identity of Interest entities. In addition, OCD will have the right, in its sole and absolute discretion, during the term hereof, to require the cancellation of any contract between the Borrower and any Identity of Interest entity, and all Identity of Interest contracts must permit such cancellation. If OCD approves any existing contract that does not provide for subsequent cancellation, Borrower agrees, upon OCD’s request, to cause the contract to be modified to provide for cancellation. All current contracts with Identity of Interest entities are identified on Schedule 1.2(h), attached hereto.
Restrictions on Identity of Interest Relationships. If Owner has executed a Loan Agreement in connection with the Program, Owner hereby acknowledges that in order to comply with the Program and OCD’s rules and regulations thereunder, it must and does hereby covenant and agree that Owner shall notify OCD in writing prior to contracting with any Identity of Interest entity, and Owner must include in its audited annual financial statements a disclosure of all amounts paid to Identity of Interest entities. In addition, OCD will have the right, in its sole and absolute discretion, during the term hereof, to require the cancellation of any contract between the Owner and any Identity of Interest entity, and all Identity of Interest contracts must permit such cancellation. If OCD approves any existing contract that does not provide for subsequent cancellation, Owner agrees, upon OCD’s request, to cause the contract to be modified to provide for cancellation.
Restrictions on Identity of Interest Relationships. Borrower hereby acknowledges that in order to comply with the MRLF Program and LHC’s rules and regulations under the MRLF Loan Agreement, it must and does hereby covenant and agree that Borrower shall notify LHC in writing prior to contracting with any Identity of Interest entity, and Borrower must include in its audited annual financial statements a disclosure of all amounts paid to Identity of Interest entities. In addition, LHC will have the right, in its sole but reasonable discretion, during the term hereof, to require the cancellation of any contract between the Borrower and any Identity of Interest entity, and all Identity of Interest contracts must permit such cancellation. If LHC approves any existing contract that does not provide for subsequent cancellation, Xxxxxxxx agrees, upon LHC’s request, to cause the contract to be modified to provide for cancellation.
