COMPANY CONSENT TO ASSIGNMENT OF AGREEMENT AND EXECUTION OF INDENTURE. The Company understands that the Issuer, as security for the payment of the principal of, and the interest on, the Bonds, will assign and pledge to, and create a security interest in favor of, the Trustee and the Credit Facility Trustee pursuant to the Indenture certain of its rights, title and interest in and to this Lease Agreement including all Pledged Revenues, reserving, however, its rights (a) pursuant to this Lease Agreement providing that notices, approvals, consents, requests and other communications be given to the Issuer, (b) to reimbursement and payment of costs and expenses under this Lease Agreement, and (c) to indemnification and to exemption from liability, both individual and corporate, under this Lease Agreement, and the Company hereby agrees and consents to such assignment and pledge. The Company acknowledges that it has received a copy of the Indenture and consents to the execution of the same by the Issuer.
Appears in 1 contract
Sources: Lease Agreement (Laralev Inc)
COMPANY CONSENT TO ASSIGNMENT OF AGREEMENT AND EXECUTION OF INDENTURE. The Company understands that the Issuer, as security for the payment of the principal of, and the interest on, the Bonds, will assign and pledge to, and create a security interest in favor of, the Trustee and the Credit Facility Trustee pursuant to the Indenture Indenture, certain of its rights, title and interest in and to this Lease Loan Agreement including all Pledged Revenues, reserving, however, its rights (a) pursuant to this Lease Loan Agreement providing that notices, approvals, consents, requests and other communications be given to the Issuer, (b) to reimbursement and payment of costs and expenses under this Lease Loan Agreement, and (c) to indemnification and to exemption from liability, both individual [and corporate], under this Lease Loan Agreement, and the Company hereby agrees and consents to such assignment and pledge. The Company acknowledges that it has received a copy of the Indenture and consents to the execution of the same by the Issuer.
Appears in 1 contract
COMPANY CONSENT TO ASSIGNMENT OF AGREEMENT AND EXECUTION OF INDENTURE. The Company understands that the Issuer, as security for the payment of the principal of, and the interest on, the Bonds, will assign and pledge to, and create a security interest in favor of, the Trustee and the Credit Facility Trustee pursuant to the Indenture certain of its rights, title and interest in and to this Lease Loan Agreement including all Pledged Revenues, reserving, however, its rights (a) pursuant to this Lease Loan Agreement providing that notices, approvals, consents, requests and other communications be given to the Issuer, (b) to reimbursement and payment of costs and expenses under this Lease Loan Agreement, and (c) to indemnification and to exemption from liability, both individual and corporate, under this Lease Loan Agreement, and the Company hereby agrees and consents to such assignment and pledge. The Company acknowledges that it has received a copy of the Indenture and consents to the execution of the same by the Issuer.
Appears in 1 contract
Sources: Loan Agreement (Aaron Rents Inc)