Mortgage of the Project Area Sample Clauses

Mortgage of the Project Area. (a) Until the Completion of the Minimum Improvements for an applicable Phase, neither Developer nor 7200 Parcel Owner shall engage in any financing or any other transaction creating any mortgage or other security interest in or lien upon the Phase not Completed, whether by express agreement or operation of law (a “Mortgage”), or suffer any Mortgage to be made on or attach to the Phase not Completed except for the purpose of obtaining funds necessary for constructing the Minimum Improvements and paying other costs of the Minimum Improvements whether or not set forth in the TIF Pro Forma. This restriction on encumbrance shall not apply to a Completed Phase. (b) This restriction on encumbrance shall terminate upon Completion of the applicable Phase of the Minimum Improvements. Developer, 7200 Parcel Owner, or either of their respective successors in interest to the Minimum Improvements or portion thereof, may sell or engage in financing or any other transaction creating a mortgage or encumbrance or lien on the Minimum Improvements or portion thereof after the Certificate of Completion has been obtained with respect to the applicable Phase of the Minimum Improvements, without obtaining the prior written approval of the Authority. (c) Notwithstanding anything in this Agreement to the contrary, Developer and 7200 Parcel Owner are authorized, without the approval of the Authority, to obtain construction financing to cover the costs of construction of the Minimum Improvements and other costs of the Minimum Improvements whether or not set forth in the TIF Pro Forma and to mortgage any portion of the Project Area to provide security for construction financing.
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Related to Mortgage of the Project Area

  • Premises 25.1 If either Party uses the other Party’s premises, that Party is liable for all loss or damage it causes to the premises. It is responsible for repairing any damage to the premises or any objects on the premises, other than fair wear and tear. 25.2 The Supplier will use the Buyer’s premises solely for the performance of its obligations under this Call-Off Contract. 25.3 The Supplier will vacate the Buyer’s premises when the Call-Off Contract Ends or expires. 25.4 This clause does not create a tenancy or exclusive right of occupation. 25.5 While on the Buyer’s premises, the Supplier will: 25.5.1 comply with any security requirements at the premises and not do anything to weaken the security of the premises 25.5.2 comply with Buyer requirements for the conduct of personnel 25.5.3 comply with any health and safety measures implemented by the Buyer

  • Rent (a) The Rent (hereinafter defined) payable by Tenant pursuant to this Lease is intended to be absolutely and completely net to Landlord, and all charges and expenses imposed upon the Premises incurred in connection with its ownership, use, occupancy, care, maintenance, operation and control, whether foreseen or unforeseen, regardless of the nature of such expenses or the remaining period of the Term, shall be paid by Tenant, except that Landlord shall pay its own income taxes, if any, on the Fixed Rent and Additional Rent (hereinafter defined) payable hereunder. (b) The Rent reserved under this Lease for the Term hereof shall be and consist of (a) the Fixed Rent payable in equal monthly installments in advance, on the first day of each and every calendar month during the Term (except that Tenant shall pay the first monthly installment upon signing this Lease); plus (b) such additional rent and other charges (“Additional Rent”) as are due and payable pursuant to this Lease, which Additional Rent shall be payable as hereinafter provided, all to be paid directly to the applicable party, in lawful money of the United States of America (hereinafter Fixed Rent and Additional Rent are sometimes collectively referred to as “Rent.”). (c) Tenant does hereby covenant and agree promptly to pay the Fixed Rent and Additional Rent herein reserved as and when the same shall become due and payable, without demand therefor, and without any set-off or deduction whatsoever. All Additional Rent which is not due and payable on a monthly basis during the Term, unless otherwise specified herein, shall be due and payable, (i) if payable to a third party, within the time permitted for payment without interest, penalty or default, (ii) if payable to Landlord without specific payment terms set forth herein, within thirty (30) days of delivery by Landlord to Tenant of notice to pay the same, and (iii) if payable to Landlord in a specific time or manner set forth herein, in accordance therewith. (d) In the event that any payment of Fixed Rent or Additional Rent payable to Landlord shall be paid after the due date for same provided herein, Tenant shall pay, together with such payment, the Late Charge and a like additional Late Charge for each thirty (30) days or portion thereof that such payment shall remain unpaid. Notwithstanding the foregoing, Tenant shall not be required to pay a late charge on the first or second late payment in any period of twelve (12) consecutive months, unless such payments remain unpaid for ten (10) days after written notice to Tenant.

  • Condemnation As of the date of origination and to the Mortgage Loan Seller’s knowledge as of the Cut-off Date, there is no proceeding pending and, to the Mortgage Loan Seller’s knowledge as of the date of origination and as of the Cut-off Date, there is no proceeding threatened for the total or partial condemnation of such Mortgaged Property that would have a material adverse effect on the value, use or operation of the Mortgaged Property.

  • CONTRACT DOCUMENTS This Contract consists of these Terms and Conditions and the documents ("Exhibits") listed below in descending order of precedence. A conflict in these documents shall be resolved in the priority listed below with these Terms and Conditions taking precedence over all other documents. The Exhibits to this Contract include the following documents:

  • Scope of Work For the 2022/2023 Grant Period, the Provider will maintain a victim services program that will be available to provide direct services to victims of crime who are identified by the Provider or are presented to the Provider, as specified in the Provider’s 2022/2023 Grant Application as approved by the OAG and incorporated herein by reference.