Reciprocal Easement Sample Clauses
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Reciprocal Easement. AGREEMENTS Borrower shall not enter into, terminate or modify (in any material respects) any REA without Lender's prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed. Borrower shall enforce, comply with, and cause each of the parties to the REA to comply with all of the material economic terms and conditions contained in the REA. Lender acknowledges that it would be unreasonable to withhold its consent to Borrower entering into an REA with an Affiliate owning property adjacent to the Property with respect to the use of certain amenities and facilities at the Property, provided that (A) any such REA would not (i) have a material adverse affect on the Property or the Borrower, (ii) impose any material obligations on the Borrower, (B) the terms of any such REA provide that Borrower shall be paid fair market value for the use of such amenities and/or facilities under any such REA and (C) sufficient utilities, facilities and other amenities shall continue to be available to and serve the Property.
Reciprocal Easement. Agreements Borrower shall not enter into, terminate or modify in any material respect any REA without Lender's prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed. Borrower shall use commercially reasonable efforts to enforce, comply with, and cause each of the parties to the REA to comply with all of the material economic terms and conditions contained in the REA; provided, however, Borrower may allow Operating Lessee to enter into easement and similar agreements in accordance with the provisions of Section 10(b) of the Operating Lease.
Reciprocal Easement. Lessor and Lessee hereby covenant and agree that they will enter into a legally valid, binding and recorded reciprocal easement agreement (substantially in the form attached hereto as Exhibit C) whereby the parties will grant to each other easements for pedestrians and vehicular access over the Pasadena Plant and the Land respectively for the parties' respective licensees' and the parties' invitees' mutual use and benefit. Said easement shall be entered into as of the Commencement Date.
Reciprocal Easement. Each of the Owners hereby grant, declare, give and convey to the other Owners, and their respective tenants, residents, agents, employees, customers, visitors, invitees, successors and assigns, as applicable (“Permitted Users”), as owners of the Phase 1 Property, the Phase 2 Property and the Shoppes Property, a perpetual, non- exclusive easement for vehicular and pedestrian ingress and egress appurtenant to the Phase 1 Property, the Phase 2 Property and the Shoppes Property, over upon and across those portions of the Phase 1 Property, the Phase 2 Property and the Shoppes Property which may now be or hereafter be improved with and designated as driveways and sidewalks thereon.
Reciprocal Easement. Landlord reserves the right to subject the Project to reciprocal easements, covenants and restrictions to which this Lease shall automatically be subordinate. In such event, the operating expenses for the Project shall be deemed to include, without limitation, Landlord’s share of such costs under the reciprocal easements, covenants and restrictions.
Reciprocal Easement. As of or prior to the Closing ▇▇▇▇▇▇’▇ and Newco shall have entered into a reciprocal easement agreement providing for mutual reciprocal easements for ingress, egress and such other matters between such Fee Properties listed on Schedule 4.10 and the respective adjacent tract owned (or to be owned) by ▇▇▇▇▇▇’▇ or its Affiliate, in form and substance reasonably acceptable to the Parties to this Agreement.
Reciprocal Easement. The parties shall have entered into the Reciprocal Easement Agreement.
Reciprocal Easement. The long term operation of the Residental Parcel and Health Center Parcel shall require reciprocal access and other rights to each other. To effectuate such rights, the Developers acknowledge and agree that the City may record a Reciprocal Easement Agreement (the “Reciprocal Easement”) against the Property. The final Reciprocal Easement Agreement for the Project shall be recorded at Closing.
Reciprocal Easement. Reach and Elmonica shall negotiate in good faith and thereafter, provided the parties can agree upon a form, execute and file for record an easement (“Reciprocal Easement”) in a mutually agreeable form (a) granting Reach, its residents, guests and invitees, the right to cross the Elmonica property and use the Shared Access Drive for ingress and egress to and from Baseline Road SW to the Reach property; and (b) granting Elmonica, its residents, guests and invitees, the right to cross the Reach property for ingress and egress to and from 170th Avenue.
Reciprocal Easement. ▇▇▇▇▇▇ Development and BOKF hereby grant, to each other, non-exclusive reciprocal Access Easements over, in and through those parts of the roadways as they currently exist or may exist in the future on the TDC Parcel and the BOKF Parcel (“Access Easement Area”), subject to the terms of this Easement.