Permitted Property Agreements Clause Samples

The Permitted Property Agreements clause defines which types of agreements related to the property are allowed under the terms of the contract. Typically, this clause lists or describes acceptable leases, licenses, easements, or other arrangements that the property owner may enter into without breaching the agreement. For example, it may permit existing tenant leases or utility easements that do not materially affect the property's value or use. The core function of this clause is to provide clarity and certainty about which property-related agreements are acceptable, thereby preventing disputes over unauthorized encumbrances or third-party rights.
Permitted Property Agreements. Any of the following occur: (i) any Permitted Property Agreement(s) shall for any reason cease to be valid and binding and/or terminate (other than those terminations of Permitted Property Agreements contemplated by the Master Lease Termination Agreement described on Schedules 18 and 19 hereof), and that such event could reasonably be expected to cause a Material Adverse Effect; or (ii) a default by the Borrower or any of its Subsidiaries shall occur under any Permitted Property Agreement(s) that could reasonably be expected to cause a Material Adverse Effect.
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Permitted Property Agreements. Any of the following occur: (i) sufficient Permitted Property Agreements shall for any reason cease to be valid and binding on MHC, MHC OP or other Person party thereto, or MHC, MHC OP or such other Person party thereto shall so state in writing, that it could reasonably be expected to cause a Material Adverse Change; or (ii) a default by the Parent, the Borrower or any of their respective Subsidiaries shall occur under sufficient Permitted Property Agreements that such default could reasonably be expected to cause a Material Adverse Change; or
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Permitted Property Agreements. The Permitted Property Agreements ----------------------------- with MHC and MHC's Subsidiaries (excluding any Permitted Property Agreements for Hospitality Property's for which MHC or MHC's Subsidiary has pledged such Hospitality Property to secure convertible mortgage backed securities) shall have been amended to provide that no default shall be called and no termination right or other remedy shall be exercised against the Borrower or one of the Borrower's Subsidiaries, as applicable, under such agreement because of a shortfall in operating revenue or other economic performance by a Hospitality Property during the calendar years 2001 and 2002 pursuant to documentation in form and substance reasonably acceptable to the Administrative Agent. If this Amendment does not become effective prior to the Termination Date, this Amendment shall be null and void; provided however that the Borrower shall still be obligated to reimburse Societe Generale, Southwest Agency for costs and expenses incurred in connection with this Amendment.
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Permitted Property Agreements. A default by the Parent, the Borrower or any of their respective Subsidiaries shall occur under sufficient Permitted Property Agreements that such default could reasonably be expected to cause a Material Adverse Change; provided, however, that notwithstanding anything contained herein to the contrary, the granting of a deed in lieu of foreclosure by the owner of the Arlington Property or the instigation and/or completion of an acceleration or a foreclosure action by a creditor with respect to such property shall not, by itself, constitute an Event of Default to the extent recourse with respect to such creditor is limited to the interest in Arlington Property previously held by the Borrower or one of its Subsidiaries.
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Permitted Property Agreements. A default by the Parent, the Borrower or any of their respective Subsidiaries shall occur under sufficient Permitted Property Agreements that such default could reasonably be expected to cause a Material Adverse Change.
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Related to Permitted Property Agreements

  • Property Agreements A complete list of all FF&E Leases, Service Contracts and Leases (other than those entered into by the Existing Manager on its own behalf) used in or otherwise relating to the operation and business of the Hotel is attached hereto as Exhibit C-1, and, to Seller’s knowledge, a complete list of all other FF&E Leases, Service Contracts and Leases used in or otherwise relating to the operation and business of the Hotel is attached hereto as Exhibit C-2. The assets constituting the Property to be conveyed to Buyer hereunder constitute all of the property and assets of Seller used in connection with the operation and business of the Hotel. There are no leases, license agreements, leasing agent’s agreements, equipment leases, building service agreements, maintenance contracts, suppliers contracts, warranty contracts, operating agreements, or other agreements (i) to which Seller is a party or an assignee, or (ii) to Seller’s knowledge, binding upon the Hotel, relating to the ownership, occupancy, operation, management or maintenance of the Real Property, FF&E, Supplies or Tradenames, except for those Service Contracts, Leases, Warranties and FF&E Leases disclosed on Exhibit C or to be delivered to Buyer pursuant to Section 3.1. The Service Contracts, Leases, Warranties and FF&E Leases disclosed on Exhibit C or to be delivered to Buyer pursuant to Section 3.1 are in full force and effect, and no default has occurred and is continuing thereunder and no circumstances exist which, with the giving of notice, the lapse of time or both, would constitute such a default. No party has any right or option to acquire the Hotel or any portion thereof, other than Buyer.

  • Intellectual Property Agreements Borrower shall not permit the inclusion in any material contract to which it becomes a party of any provisions that could or might in any way prevent the creation of a security interest in Borrower's rights and interests in any property included within the definition of the Intellectual Property Collateral acquired under such contracts.

  • Related Party Agreements 34 7.5 Cooperation................................................... 34 7.6 Conduct of Business Pending Closing........................... 35 7.7

  • Equipment; Leasehold (a) All material items of equipment and other tangible assets owned by or leased to the Company are adequate for the uses to which they are being put, are in good condition and repair (ordinary wear and tear excepted) and are adequate for the conduct of the Company's business in the manner in which such business is currently being conducted. (b) The Company does not own any real property or any interest in real property, except for the leasehold created under the real property lease identified in Part 2.10 of the Disclosure Schedule.

  • Third Party Agreements To use our Services you may need to enter into agreements with other service providers which we call “Third Party Service Providers”. For example, if you use our Services via our mobile app, you may need to enter into an agreement with your mobile device manufacturer and network operator. You agree to comply with the terms of the agreements you enter into with Third Party Service Providers and which are related to your use of our Services.