Common use of Trustee’s Covenant of Quiet Enjoyment Clause in Contracts

Trustee’s Covenant of Quiet Enjoyment. The Trustee hereby covenants that the Town shall, during the Lease Term, peaceably and quietly have, hold and enjoy the Leased Property without suit, trouble or hindrance from the Trustee. The Trustee shall not interfere with the quiet use and enjoyment of the Leased Property by the Town during the Lease Term so long as no Event of Lease Default shall have occurred. The Trustee shall, at the request of the Town and at the cost of the Town, cooperate fully in any legal action in which the Town asserts against third parties its right to such possession and enjoyment, or which involves the imposition of any taxes or other governmental charges on or in connection with the Leased Property. In addition, the Town may at its own expense join in any legal action affecting its possession and enjoyment of the Leased Property and shall be joined in any action affecting its liabilities hereunder.

Appears in 1 contract

Sources: Lease Purchase Agreement

Trustee’s Covenant of Quiet Enjoyment. The Trustee hereby covenants that the Town District shall, during the Lease Term, peaceably and quietly have, hold and enjoy the Leased Property without suit, trouble or hindrance from the Trustee. The Trustee shall not interfere with the quiet use and enjoyment of the Leased Property by the Town District during the Lease Term so long as no Event of Lease Default shall have occurred. The Trustee shall, at the request of the Town District and at the cost of the TownDistrict, cooperate fully in any legal action in which the Town District asserts against third parties its right to such possession and enjoyment, or which involves the imposition of any taxes or other governmental charges on or in connection with the Leased Property. In addition, the Town District may at its own expense join in any legal action affecting its possession and enjoyment of the Leased Property and shall be joined in any action affecting its liabilities hereunder.

Appears in 1 contract

Sources: Lease Purchase Agreement

Trustee’s Covenant of Quiet Enjoyment. The Trustee hereby covenants that the Town City shall, during the Lease Term, peaceably and quietly have, hold and enjoy the Leased Property without suit, trouble or hindrance from the Trustee. The Trustee shall not interfere with the quiet use and enjoyment of the Leased Property by the Town City during the Lease Term so long as no Event of Lease Default shall have occurred. The Trustee shall, at the request of the Town City and at the cost of the TownCity, cooperate fully in any legal action in which the Town City asserts against third parties its right to such possession and enjoyment, or which involves the imposition of any taxes or other governmental charges on or in connection with the Leased Property. In addition, the Town City may at its own expense join in any legal action affecting its possession and enjoyment of the Leased Property and shall be joined in any action affecting its liabilities hereunder.

Appears in 1 contract

Sources: Lease Purchase Agreement

Trustee’s Covenant of Quiet Enjoyment. The Trustee hereby covenants that the Town City shall, during the Lease Term, peaceably and quietly have, hold and enjoy the Leased Property without suit, trouble or hindrance from the Trustee. The Trustee shall not interfere with the quiet use and enjoyment of the Leased Property by the Town City during the Lease Term so long as no Event of Lease Default shall have occurred. The Trustee shall, at the request of the Town City and at the cost of the TownCity, join and cooperate fully in any legal action in which the Town City asserts against third parties its right to such possession and enjoyment, or which involves the imposition of any taxes or other governmental charges on or in connection with the Leased Property. In addition, the Town City may at its own expense join in any legal action affecting its possession and enjoyment of the Leased Property and shall be joined in any action affecting its liabilities hereunder.

Appears in 1 contract

Sources: Lease Purchase Agreement