VP Property definition
Examples of VP Property in a sentence
In addition, Agent Bank is hereby authorized on behalf of all Lenders, without the necessity of any notice to or further consent from any Lender, to: (i) waive the imposition of the late fees provided for in Section 2.11 up to a maximum of two (2) times per calendar year, including any extensions, and (ii) release the V/P Property as Collateral subject to the satisfaction of each of the conditions set forth in Section 5.22.
Provided, however, in the event the V/P Property, or any portion thereof, is released as Collateral pursuant to Section 5.22, the V/P Property so released, or applicable portion thereof, shall be required to be added as Collateral only in the event that its use in connection with the Hotel/Casino Facility is required by the Laws of any applicable Governmental Authority.
If previously released, as provided above, and the V/P Property has been retaken as Collateral under Section 5.06 of this Credit Agreement, the V/P Property shall be re-released as Collateral in the event that its use in connection with the Hotel/Casino Facility is no longer required by the Laws of any applicable Governmental Authority.
If to Landlord: ▇▇▇▇▇ ▇▇▇▇ Square LLC c/o Sabey Corporation 12201 Tukwila International Blvd., Fourth Floor Seattle, WA 98168-5121 Attn: Sr. V.P. Real Estate Fax No. ▇▇▇-▇▇▇-▇▇▇▇ with a copy to: ▇▇▇▇▇ Corporation 12201 Tukwila International Blvd., Fourth Floor Seattle, WA 98168-5121 Attn.: Sr. V.P. Property Operations & Leasing Fax No. ▇▇▇-▇▇▇-▇▇▇▇ If to Tenant: Dwango North America, Inc.
The East Ohio Gas Company The Peoples Natural Gas Company VP Property, Inc.
In addition, Agent Bank is hereby authorized on behalf of all Lenders, without the necessity of any notice to or further consent from -80- any Lender, to: (i) waive the imposition of the late fees provided for in Section 2.11 up to a maximum of two (2) times per calendar year, including any extensions, and (ii) release the V/P Property as Collateral subject to the satisfaction of each of the conditions set forth in Section 5.22.
Provided, however, in the event the V/P Property, or any portion thereof, is released as Collateral pursuant to Section 11.22, the V/P Property so released, or applicable portion thereof, shall be required to be added as Collateral only in the event that its use in connection with the Hotel/Casino Facility is required by the Laws of any applicable Governmental Authority.
Moreover, it shall be Tenant’s responsibility to contact C▇▇▇▇ ▇▇▇▇▇, VP Property Management at 6▇▇-▇▇▇-▇▇▇▇, in the event the sprinkler system in the Premises is ever shut off for any reason, and advise same of any damage occasioned or caused by the actions of Tenant, its agents, invitees, or employees, and/or as a result of Tenant’s repair obligations hereunder.
In addition, Agent Bank is hereby authorized on behalf of all Lenders, without the necessity of any notice to or further consent from any Lender, to: (i) waive the imposition of the late fees provided for in Section 2.11 up to a maximum of two (2) times per calendar year, including any extensions, and (ii) release the V/P Property as Collateral subject to the satisfaction of each of the conditions set forth in Section 11.22.