Adjacent Real Property definition
Examples of Adjacent Real Property in a sentence
There are no agreements relating to the use and occupancy of the Adjacent Real Property that are not terminable upon thirty (30) days’ notice.
As of the Measurement Date, to the AREH Selling Parties’ knowledge, the use and occupancy by the AREH Subs of the Adjacent Real Property is in compliance with all applicable Laws of any Governmental Entity.
Except for the Assumed Leases, there are no other agreements, written or oral, between the AREH Subs and any other Person giving any Person or entity any rights to use, occupy or operate on or any interest in the Adjacent Real Property or any portion thereof or otherwise affecting or relating to the Adjacent Real Property.
As of the Measurement Date, the AREH Subs have all approvals, permits and licenses (including without limitation all environmental Permits) necessary to own and operate the Adjacent Real Property as currently owned and operated and in a manner consistent with past practice.
As of the Measurement Date, none of the AREH Selling Parties have received any notice from any Governmental Entity having jurisdiction over the Adjacent Real Property advising that the Adjacent Real Property or any use or occupancy thereof is in material violation of any applicable Law, ordinance or regulation, including without limitation any zoning or other municipal ordinance.
Sections 3, 4 and 5 shall survive (should the Indentures be reconveyed), only in the event and to the extent that any new loan documentation preempts Tenant's rights to TI Proceeds in the manner of the loans secured by the Indentures; and, in addition with respect to Section 4 where the Real Property and the Adjacent Real Property are cross collateralized.
The First Offer Area, or any part thereof, shall be deemed to become available upon expiration or other termination of a lease to another tenant covering the First Offer Area or any part of it, taking into account any renewals or extensions of such lease or rights of any other Tenant of the Adjacent Real Property to such space.
In the event the lot line adjustment is not accomplished prior to the Commencement Date, the Adjacent Real Property will be considered to be forty-eight and six tenths percent (48.6%) of the total square footage of the combined 11.64 acres of the combined Real Property and Adjacent Real Property parcels (as shown in Exhibit A) until such time as the lot line adjustment is accomplished in substantial accordance with Exhibit A.
Sections 3, 4 and 5 shall survive (should the loan from the Trust to Landlord not be consummated and the first draw not funded on or before February 14, 1998), only in the event and to the extent that any new loan documentation preempts Tenant's rights to TI Proceeds in the manner of the loans secured by the Indentures; and, in addition with respect to Section 4 where the Real Property and the Adjacent Real Property are cross collateralized.
Landlord's obligation for the liquidated damages with respect to Section 49(b) shall continue in the event that Landlord shall sell the Real Property for so long as Landlord retains title to the Adjacent Real Property.