ONAS definition
Examples of ONAS in a sentence
ONAS shall duly perform all its obligations under the Subsidiary Loan Agreement.
Except as the Bank shall otherwise agree, ONAS shall not take or concur in any action which would have the effect of amending, abrogating, assigning or waiving the Subsidiary Loan Agreement or any provision thereof.
This ONAS shall be personal to Tenant or any entity described in Article 10 and may not be assigned nor otherwise transferred to any assignee or sub-tenant without Landlord’s consent.
If Tenant does not timely accept the ONAS Space specified in Landlord’s notice, Landlord may lease the ONAS Space to any third party.
This Agreement and all obligations of the Bank and of ONAS thereunder shall terminate on the date on which the Loan Agreement shall terminate in accordance with its terms, and the Bank shall promptly notify ONAS thereof.
To this end, the Recipient shall carry out Part A of the Project through the DHR and the DEM, Part C of the Project through DAS, Part D of the Project through ONAS and Part E of the Project through the PCU, and cause Part B of the Project to be carried out by ▇▇▇▇▇, in accordance with the provisions of Article IV of the General Conditions and the Project Agreement.
Any action required or permitted to be taken, and any document required or permitted to be executed under this Agreement on behalf of ONAS, may be taken or executed by its President Director General or such other person or persons as the President Director General shall designate in writing, and ONAS shall furnish to the Bank sufficient evidence of the authority and the authenticated specimen signature of each such person.
ONAS shall carry on its operations and conduct its affairs in accordance with sound administrative, financial and public utility practices under the supervision of qualified and experienced management assisted by competent staff in adequate numbers.
The provisions of Sections 4.03 and 4.04 of the Project Agreement between the Bank and ONAS dated June 16, 1983 (Loan No. 2255 TUN - Third Urban Sewerage Project) are hereby amended to read as set forth in Sections 4.03 and 4.04, respectively, of this Agreement.
If Tenant exercises the ONAS, Landlord and Tenant promptly shall execute and deliver an amendment to this Lease reflecting the terms of the ONAS Space.