Land Interests Sample Clauses

The Land Interests clause defines the rights, claims, or ownership stakes that a party holds in a specific parcel of land. It typically outlines the nature of the interest—such as fee simple ownership, leasehold, easement, or mortgage—and may specify any restrictions, obligations, or benefits associated with that interest. By clearly delineating who holds what rights to the land, this clause helps prevent disputes over property boundaries, usage rights, or transferability, ensuring all parties understand their legal standing regarding the land in question.
Land Interests. (a) All rights-of-way and other rights and interests in and to real property necessary to construct, own, and operate the Sunrise Facilities as provided under this Lease Agreement (“Land Interests”) shall be: (i) acquired or otherwise obtained by Equitrans from landowners or other third parties in the name of Equitrans in the form of perpetual and fully assignable interests; and (ii) thereafter, immediately assigned to Sunrise, consistent with the terms of the Assignment Agreement, with a limited reservation of rights to Equitrans necessary for Equitrans to perform any construction, operation, and maintenance in accordance with the terms of this Lease Agreement and the Construction Management Agreement. (b) Contemporaneously with the assignment of the Land Interests as provided in Section 2.7(a), above, Equitrans shall furnish Sunrise with all applicable deeds, bills of sale and/or other conveyance instruments necessary to properly evidence the conveyance of the Land Interests to, and the recordation of title in the name of, Sunrise; provided, however, that if Equitrans, despite the exercise of commercially reasonable efforts, is unable to acquire or otherwise obtain a perpetual and fully assignable Land Interest in a particular situation, Equitrans shall cooperate with Sunrise to effectuate another form of acquisition or transfer of such Land Interest that is: (i) intended to result in Sunrise having sole ownership of such interest as soon as is reasonably practicable; and (ii) designed to provide Sunrise with assurance, to the greatest extent possible, that its right to acquire such Land Interest shall not be adversely affected during the period prior to such conveyance to Sunrise, including, if reasonably requested by Sunrise, the grant by Equitrans of a leasehold or security interest in such Land Interest in favor of Sunrise. (c) Upon the occurrence of the Lease Termination Date, as set forth in Article V of this Lease Agreement and the transfer of the Sunrise Facilities as provided in Section 5.4, Sunrise shall immediately assign all Land Interests to Equitrans, and Sunrise shall furnish Equitrans with all applicable deeds, bills of sale and/or other conveyance instruments necessary to properly evidence the conveyance of the Land Interests to, and the recordation of title in the name of, Equitrans; provided, however, that if Sunrise, despite the exercise of commercially reasonable efforts, is unable to fully assign Land Interest to Equitrans in a part...
View SourceView Similar (3)
Land Interests. Subject to the terms of this Agreement (including GTC Section X), Gatherer or its Affiliates shall be responsible, at its sole cost and expense, for the acquisition of easements, rights-of-way, surface use and/or surface access agreements (“Land Interests”) necessary to construct, own and operate the System. In the event that Gatherer is unable to obtain a Land Interest that is necessary, in Gatherer’s reasonable opinion, to perform the Services hereunder (i) Gatherer and Producer may discuss in good faith utilizing Producer’s and its Affiliates’ Land Interests and/or, (ii) the Parties will cooperate in good faith and, to the extent reasonably requested by Gatherer, Producer shall provide Gatherer reasonable assistance in connection with acquiring such Land Interests in Gatherer’s name at Gatherer’s expense or, if reasonably requested by Gatherer, Producer shall use its Reasonable Efforts to acquire such Land Interests in Producer’s name and Gatherer shall reimburse Producer’s Actual Costs associated therewith and Producer shall assign such Land Interests to Gatherer pursuant to the form of assignment attached hereto as Exhibit H. If (I) the connection of a Delivery Point to the Pipeline System requires Gatherer to obtain Land Interests, (II) after exercising Reasonable Efforts and due to causes that are beyond Gatherer’s reasonable control, Gatherer is unable to acquire necessary Land Interests by the Target Connection Date for such Delivery Point, (III) Gatherer prepares and submits within twenty-one (21) days after receipt of the applicable Producer Delivery Point Notice (x) with respect to BLM Land Interests, the required request to the appropriate Governmental Authority for processing fee category determination for such Land Interests, (y) with respect to State of New Mexico Land Interests, the required request to the appropriate Governmental Authority for survey permission and right of entry for such Land Interests, and (z) with respect to non-Governmental Authority Land Interests, written notice to Producer that Gatherer does not expect to obtain such Land Interests in time to cause the In-Service Date for the applicable Delivery Point to occur by the Target Connection Date for such Delivery Point, and (IV) Gatherer complies with conditions (1) through (3) below, the Target Connection Date may be extended; provided that in no case shall such Target Connection Date be extended beyond [***] additional days, except that if Gatherer is still unable to a...
View SourceView Similar (2)
Land Interests. The Parties acknowledge that ESCO shall be granted access rights for construction of the ESCO Works and provision of the ESCO Services, pursuant to this clause 6 and the Leases.
View Source
Land Interests. When grant funds are used to pay for land or aviation easements, the following requirements apply:
View Source
Land Interests. The site is known as land between Humber Doucy Lane and Tuddenham Lane, Humber Doucy Lane, Ipswich (“Site”). The Site is shown edged red on plan HDL-PRP-XX-XX-DR-A- 08200 REV P01. The Owners are the freehold owners of the Site under registered at the Land Registry under title number SK424276. There is no registered mortgage or charge. 1 These heads of terms are not intended to be legally binding between the parties.
View Source

Related to Land Interests

  • Payment and Interest The amount determined payable pursuant to the decision, less any portion already paid, normally should be paid without awaiting Contractor action concerning appeal. Such payments shall be without prejudice to the rights of either party. Interest on amounts ultimately determined to be due to a Contractor shall be payable at the Statutory rate applicable to judgments against the State under Chapter 662, HRS from the date of receipt of a properly certified final written statement of actual adjustment required until the date of decision; except, however, that if an action is initiated in circuit court, interest under this Section 7.25, DISPUTES AND CLAIMS (§3-126-31 HAR) shall only be calculated until the time such action is initiated. Interest on amounts due the Department from the Contractor shall be payable at the same rate from the date of issuance of the Project Manager’s notice to the Contractor. Where such payments are required to be returned by a subsequent decision, interest on such payments shall be paid at the statutory rate from the date of payment.

  • Payments and Interest Payments required of PURCHASER by this contract or modifications of this contract, other than those in Sections 13 and 42, shall be received by STATE within the time period stated on the instrument requesting payment from PURCHASER. Payments received after the due date stated on the billing instrument may be subject to an interest charge. The interest rate applied to overdue payments shall be the prime interest rate in effect on the day the payment became delinquent, as established by U.S. Bank, ▇▇▇▇ and ▇▇▇▇ Branch, plus 4 percent. Interest shall be calculated from the date of the original billing to the date payment is received by the State Forester.

  • Taxes and Interest (1) Except as hereinafter provided, all interest earned on the Settlement Amount in the Trust Account shall accrue to the benefit of the Settlement Classes and shall become and remain part of the Trust Account. (2) Subject to Section 3.2(3), all taxes payable on any interest which accrues on the Settlement Amount in the Trust Account or otherwise in relation to the Settlement Amount shall be paid from the Trust Account. Siskinds LLP or the Claims Administrator, as appropriate, shall be solely responsible to fulfill all tax reporting and payment requirements arising from the Settlement Amount in the Trust Account, including any obligation to report taxable income and make tax payments. All taxes (including interest and penalties) due with respect to the income earned by the Settlement Amount shall be paid from the Trust Account. (3) The Settling Defendants shall have no responsibility to make any filings relating to the Trust Account and will have no responsibility to pay tax on any income earned on the Settlement Amount or pay any taxes on the monies in the Trust Account, unless this Settlement Agreement is not approved, is terminated, or otherwise fails to take effect for any reason, in which case the interest earned on the Settlement Amount in the Trust Account or otherwise shall be paid to the Settling Defendants who, in such case, shall be responsible for the payment of all taxes on such interest not previously paid by Siskinds LLP or the Claims Administrator.

  • Interim Interest If the Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided that, if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(d) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (e) of this Section to reimburse the Issuing Bank shall be for the account of such Lender to the extent of such payment.

  • Interest and Interest Rates The rate or rates at which the Notes shall bear interest, the date or dates from which such interest shall accrue, the interest payment dates on which any such interest shall be payable and the regular record date for any interest payable on any interest payment date, in each case, shall be as set forth in the form of Note set forth as Exhibit A hereto.