Qualification in State. Each of the Company and any Sponsor Affiliates warrant that it is duly qualified to do business in the State, and covenants that it will continue to be so qualified so long as it operates any portion of the Project.
Qualification in State. The Company throughout the Lease Term shall continue to be duly authorized to do business in the State.
Qualification in State. The Company agrees that throughout the term of this Agreement it will be qualified to do business in the State.
Qualification in State. Subject to the provisions of Section 8.03 hereof, the Borrower agrees that throughout the term of this Loan Agreement, it will be qualified to do business in the State.
Qualification in State. Subject to the provisions of Section 5,2 hereof, the Company agrees that throughout the term of this Agreement, it will be qualified to do business in the State.
Qualification in State. The Guarantor agrees that, so long as this Guaranty is in effect, if required by law, the Guarantor will be duly qualified to do business in the State.
Qualification in State. The Lessor and the Lessee ---------------------- throughout the Lease Term shall each continue to be each respectfully duly authorized to do business in the State.
Qualification in State. The Tenant warrants that it is duly qualified to do business in the State of South Carolina and covenants that it will continue to be so qualified so long as it operates the Project.
Qualification in State. 16 SECTION 8.5. Covenant as to Non-Impairment of Tax-Exempt Status 16 SECTION 8.6. Indemnity, Expenses 17 SECTION 8.7. Compliance with Laws 19 SECTION 8.8. No Recourse 19 SECTION 8.9. Indenture Provisions 19 SECTION 8.10. Recording and Maintenance of Liens 19 ARTICLE IX - ASSIGNMENT, LEASING, EQUIPMENT 20 SECTION 9.1. Transfer, Assignment and Leasing 20 SECTION 9.2. Substitution and Removal of Machinery and Equipment 21 ARTICLE X - EVENTS OF DEFAULT AND REMEDIES 21 SECTION 10.1. Events of Default 21 SECTION 10.2. Remedies on Default 22 SECTION 10.3. No Remedy Exclusive 23 SECTION 10.4. Agreement to Pay Attorneys'Fees and Expenses 23 SECTION 10.5. No Additional Waiver Implied by One Waiver 23 SECTION 10.6. Default by Issuer - Limited Liability 23 ARTICLE XI - PAYMENT OF SURPLUS BOND PROCEEDS FROM THE BOND FUND 24 SECTION 11.1. Surplus Bond Proceeds 24 ARTICLE XII - THE BONDS 24 SECTION 12.1. Issuance of the Bonds 24 SECTION 12.2. Compliance with Indenture 24 SECTION 12.3. Consent to Issuer's Pledge 24 SECTION 12.4. Rights of Trustee Hereunder 24 SECTION 12.5. Amendments to Indenture and this Agreement 25 ARTICLE XIII - MISCELLANEOUS 25 SECTION 13.1. Amounts Remaining in Funds 25 SECTION 13.2. Rights of the Bank 25 SECTION 13.3. Notices 25 SECTION 13.4. Bondholders'Action 25 SECTION 13.5. Binding Effect 26 SECTION 13.6. Severability 26 SECTION 13.7. Captions 26 SECTION 13.8. Interpretation 26 SECTION 13.9. Execution in Counterparts 26 SIGNATURE PAGE OF ISSUER 27 SIGNATURE PAGE OF BORROWER 28 EXHIBIT A - COMPLETION CERTIFICATE EXHIBIT B - COSTS OF THE PROJECT EXHIBIT C - PROMISSORY NOTE ENDORSEMENT EXHIBIT D - PROJECT DESCRIPTION EXHIBIT E - REQUISITION CERTIFICATE LOAN AGREEMENT BETWEEN THE STANLY COUNTY INDUSTRIAL FACILITIES AND POLLUTION CONTROL FINANCING AUTHORITY, AS ISSUER AND XXXXXXX INDUSTRIES, INC., AS BORROWER ------------------------------------------------------------------ $5,000,000 THE STANLY COUNTY INDUSTRIAL FACILITIES AND POLLUTION CONTROL FINANCING AUTHORITY VARIABLE RATE DEMAND INDUSTRIAL DEVELOPMENT REVENUE BONDS (XXXXXXX INDUSTRIES, INC. PROJECT) SERIES 1998 ------------------------------------------------------------------ Dated as of August 1, 1998
Qualification in State. 55 15.5 Contractor's Status........................................................................... 56 15.6
