Acquisition of the Land. On or before the Effective Date, StadCo acquired good and marketable fee simple title to the Land, free and clear of all Liens and other encumbrances other than the Permitted Encumbrances.
Acquisition of the Land. The Land is owned by Denton 380 Associates, L.P., an unrelated third party. The Partners shall cause the Partnership to purchase the Land in accordance with the provisions of a contract of sale entered into by X. Xxxxx Acquisition Corporation Which will be assigned to the Partnership.
Acquisition of the Land. Landlord currently is negotiating a Disposition and Development Agreement (as it may be revised prior to execution, or amended thereafter from time to time, the "DDA") with the Sunnyvale Redevelopment Agency ("City") that would give Landlord the right to acquire the Land, plus additional land generally outlined on the Potential Project Site Plan attached hereto as Exhibit "B" (the "Additional Land"), and construct the Building and additional buildings and parking facilities (which may be connected to, and operated and managed collectively with, the Phase I Garage and/or the City Garage (as defined below)) thereon. Tenant acknowledges that Landlord has not acquired the Land nor constructed the Building as of the date of this Lease. Landlord may elect, in Landlord's sole discretion, (i) to acquire all, a portion of, or none of the Land and/or the Additional Land, and to acquire the Additional Land prior to, simultaneously with, or after Landlord acquires the Land. If Landlord acquires the portion of the Additional Land on which Building III will be located as shown on Exhibit "B", pursuant to the DDA Landlord would then be obligated to build an underground public parking facility (the "City Garage") under certain adjacent land owned by the City, which underground parking facility would be connected physically to the Project Garage (as defined below), and in addition would be obligated to grant the City the right, pursuant to a Declaration of Covenants, Conditions, and Restrictions and Reciprocal Easement Agreement (Downtown Sunnyvale Parking Structures, in the form attached to the DDA or such other form as may be agreed upon between City and Landlord (such document being defined as the "Parking REA"), to use the Project Garage for parking in up to 320 parking stalls in evening and weekend hours as specified in the DDA, and also to use the entire Project Garage for "special events" parking in evening and weekend hours up to eight times per year as specified by the City (such rights, and any other similar parking rights granted to the City pursuant to the DDA, the Parking REA or other approvals in connection with Landlord's initial development of the Project, the "City Parking Rights"). The Parking REA also shall provide for the allocation of certain shared costs between the City Garage and the Project Garage and such other matters and Landlord and City may mutually agree, provided that the costs of maintenance, repair and operation of the Project Garage will ...
Acquisition of the Land. (a) Tenant and Sunroad Otay Partners, L.P. are the purchaser and seller ("Seller"), respectively, under the Purchase Agreement (defined in the Work Letter). Pursuant to Paragraph 19 of the Purchase Agreement, Tenant is permitted to assign each and all of its rights and obligations under the Purchase Agreement to Landlord (without the consent of the Seller under the Purchase Agreement) at any time following delivery to Seller of a fully executed copy of this Lease.
