OPTION AND OBLIGATION TO PURCHASE THE PROJECT Sample Clauses

OPTION AND OBLIGATION TO PURCHASE THE PROJECT. Section 11.1. Option to Purchase the Project 23 Section 11.2. Conveyance of the Project 23 Section 11.3. Relative Position of Option and Indenture 24 Section 11.4. Obligation to Purchase the Project 24
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OPTION AND OBLIGATION TO PURCHASE THE PROJECT. (a) The Developer shall have, and is hereby granted, the option to purchase all or any portion of the City’s interest in the Project at any time, upon payment in full or redemption of the Outstanding Bonds to be redeemed or provision for their payment or redemption having been made pursuant to Article XIII of the Indenture. (b) The Developer hereby agrees to purchase, and the City hereby agrees to sell, the City’s interest in the Project upon the occurrence of (1) the expiration of the Lease Term following full payment of the Bonds or provision for payment thereof having been made in accordance with the provisions of the Indenture, and (2) the final payment due under the Performance Agreement. The amount of the purchase price shall be an amount sufficient to redeem all the then Outstanding Bonds, plus accrued interest and the reasonable fees and expenses of the City and the Trustee.
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OPTION AND OBLIGATION TO PURCHASE THE PROJECT. Section 11.1. Option to Purchase the Project........................................................ 29 Section 11.2. Conveyance of the Project............................................................. 30 Section 11.3. Relative Position of Option and Indenture............................................. 31 Section 11.4. Obligation to Purchase the Project.................................................... 31
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OPTION AND OBLIGATION TO PURCHASE THE PROJECT. Section 11.1.
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OPTION AND OBLIGATION TO PURCHASE THE PROJECT. Section 7.1. Option to Purchase the Project 12 Section 7.2. Conveyance of the Project 13 Section 7.3. Relative Position of Option and Bond Purchase Agreement 13
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OPTION AND OBLIGATION TO PURCHASE THE PROJECT. Section 11.1. Options and Obligation to Purchase; Survival of Obligation 28 Section 11.2. Conveyance of the Project 29 Section 11.3. Releases of Portions of the Property 29
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OPTION AND OBLIGATION TO PURCHASE THE PROJECT. Section 11.1. Option to Purchase the Project 22 Section 11.2. Conveyance of the Project 23 Section 11.3. Relative Position of Option and Indenture 23 Section 11.4. Obligation to Purchase the Project 23 Section 12.1. Events of Default 24 Section 12.2. Remedies on Default 25 Section 12.3. Survival of Obligations 25 Section 12.4. Performance of the Developer’s Obligations by the City 25 Section 12.5. Rights and Remedies Cumulative 26 Section 12.6. Waiver of Breach 26 Section 12.7. Trustee’s Exercise of the City’s Remedies 26
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OPTION AND OBLIGATION TO PURCHASE THE PROJECT. (a) The Company shall have, and is hereby granted, the option to purchase all or any portion of the Project at any time, upon payment in full or redemption of the Outstanding Bonds to be redeemed or provision for their payment or redemption having been made pursuant to Article XIII of the Indenture. (b) The Company hereby agrees to purchase, and the City hereby agrees to sell, the Project upon the occurrence of (1) the expiration of the Lease Term following full payment of the Bonds or provision for payment thereof having been made in accordance with the provisions of the Indenture, and
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OPTION AND OBLIGATION TO PURCHASE THE PROJECT. Section 11.1. Option to Purchase the Project Equipment 20 Section 11.2. Conveyance of the Project Equipment 20 Section 11.3. Relative Position of Option and Indenture 21 Section 11.4. Obligation to Purchase the Project Equipment 21
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Related to OPTION AND OBLIGATION TO PURCHASE THE PROJECT

  • Assignment of Rights and Obligations (a) Without Owners’ prior written consent, Managing Agent shall not sell, transfer, assign or otherwise dispose of or mortgage, hypothecate or otherwise encumber or permit or suffer any encumbrance of all or any part of its rights and obligations hereunder, and any transfer, encumbrance or other disposition of an interest herein made or attempted in violation of this paragraph shall be void and ineffective, and shall not be binding upon Owners. Notwithstanding the foregoing, Managing Agent may assign its rights and delegate its obligations under this Agreement to any subsidiary of Parent so long as such subsidiary is then and remains Controlled by Parent. (b) Owners, without Managing Agent’s consent, may not assign their respective rights or delegate their respective obligations hereunder. (c) Any assignment permitted hereunder shall not release the assignor hereunder.