Arena Land Sample Clauses

Arena Land. (i) As of the Effective Date and prior to the City Transfer, (A) Nuggets LP has good and marketable title to the Arena Land, subject to the Permitted Liens. Except as provided in the Arena Agreement, there are no outstanding rights of first refusal, rights of reverter or options relating to the Arena Land or any interest therein, subject to the Permitted Liens. To Seller's Knowledge, except as disclosed on Exhibit "B," there are no unrecorded or undisclosed documents or other matters which affect title to the Arena Land. No Person holding a security interest in the Arena Land or any part thereof has the right to consent or deny consent to the transactions contemplated by this Agreement, other than the City Consent. (B) The current zoning of the Arena Land is PUD 440, which permits the current improvements thereon (including the Pepsi Center) and Seller's currently contemplated uses of the Arena Land, and there is no pending or, to the Knowledge of Seller, contemplated rezoning. (C) To the Knowledge of Seller, there is no violation of any Applicable Law or the VCUP relating to the Arena Land, except any such violation as would not result in a Material Adverse Effect. Nuggets LP has not leased or subleased any parcel or any portion of the Arena Land (other than pursuant to the Ground Lease) to any other Person. (D) There are no condemnation proceedings or eminent domain proceedings of any kind pending or, to the Knowledge of Seller, threatened against the Arena Land. (ii) As of the Effective Date and as of the Closing Date (whether before or after the City Transfer, except as otherwise specifically provided), (A) No improvements on the Arena Land and none of Seller's currently contemplated uses violate, or will violate, in any material respect any applicable deed restrictions or other applicable covenants, restrictions, agreements, existing site plan approvals, zoning or subdivision regulations or urban redevelopment plans as modified by any duly issued variances, except any such violation as would not result in a Material Adverse Effect. No permits, licenses or certificates pertaining to the ownership or operation of all improvements on the Arena Land, other than those which are transferable with the Arena Land, are required by any Governmental Authority having jurisdiction over the Arena Land. (B) Except as disclosed on Schedule 5.12(c)(vi), to the Knowledge of Seller, all improvements on the Arena Land are wholly within the lot limits of the Arena Land an...
Sample 1
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Arena Land. (i) Nuggets LP has good and marketable title to the Arena Land, subject to the Permitted Liens. Subject to the Permitted Liens, there are no outstanding rights of first refusal, rights of reverter or options relating to the Arena Land or any interest therein. To Seller's Knowledge, except as disclosed on Exhibit B, there are no unrecorded or undisclosed documents or other matters which affect title to the Arena Land. No person holding a security interest in the Arena Land or any part thereof has the right to consent or deny consent to the sale of the Arena Land as contemplated herein, other than the City Consent. (ii) The current zoning of the Arena Land is PUD 440, which permits the current improvements thereon (including, without limitation, the Pepsi Center) and Seller's currently contemplated uses of the Arena Land, and there is no pending or, to the Knowledge of Seller, contemplated rezoning. (iii) To the Knowledge of Seller, there is no violation of any Applicable Law or the VCUP relating to the Arena Land that would constitute a Material Adverse Effect. Nuggets LP has not leased or subleased any parcel or any portion of the Arena Land (other than pursuant to the Ground Lease) to any other Person.
Sample 1
Arena Land. The Arena Land supports SAZKA Arena and provides access to SAZKA Arena and is located on land plots No. 3343/9, with the area of 3,688 sq. metres, No. 3343/29, with the area of 4,357 sq. metres, No. 3343/35, with the area of 22,370 sq. metres, built up area and courtyard, and also includes the land beneath the Small Arena, plot of land no. 3343/32, and the following plots beneath and adjacent to SAZKA Arena: plots of land Nos. 3343/30, 3343/60, 3343/41 and 3343/79, all in the cadastral territory of Libenˇ, municipality of Prague, district of Prague Capital. Access to and operation of SAZKA Arena for Bestsport is currently dependant on the Operational Easement. In the event a third party acquires title to the Arena Land, such title will be subject to rights granted under the Operational Easement. The Arena Land is currently encumbered with the Senior Liens and customary utilities easements. As at 31 December 2005, the book value of the Xxxxxx Xxxxxx land, of which the Arena Land forms a significant part, was CZK 416,956,911 million (u14,375,346). The Small Arena, which Bestsport is allowed to dispose of under the Conditions, is located on and surrounded by the Arena Land. As previously discussed, it also partially rests upon certain underground parts of the SAZKA Arena. In order for a disposal of the Small Arena to be practicable it is necessary to ensure that any future owner of the Small Arena has the right to have the Small Arena located on the Arena Land and rest on the SAZKA Arena together with the right to duly access and operate the Small Arena. Consequently, the Conditions allow SAZKA to encumber the Arena Land and SAZKA Arena with the Small Arena Easements that allow the location of the Small Arena on the Arena Land, its resting on the SAZKA Arena and the right of access to and operation of the Small Arena for the benefit of any current and future owner of the Small Arena. The Arena Land is uninsured. For a description of the risks relating to registration of the Arena Land Mortgage, see ‘‘Risk Factors — The Bond Security — Registration’’. Bestsport’s share capital is comprised of 500 bearer shares with a nominal value of CZK 3,000 and 100 bearer shares with a nominal value of CZK 100,000. All of these shares were issued in certificated form and were not approved for trading on the public markets. On 27 October 2003, all of these shares were replaced by four global certificates. XXXX has agreed in the Pledge Agreement to pledge 450 shares (the ‘‘Pl...
Sample 1

Related to Arena Land

  • Land The real property described in Exhibit A attached hereto and made a part hereof (the “Land”);

  • Project Site The “Project Site” is the place where the Work is being carried on.

  • Land Use The current use and occupancy of the Property for hotel purposes are permitted as a matter of right as a principal use under all laws applicable thereto without the necessity of any special use permit, special exception or other special permit, permission or consent.

  • Leased Property Upon and subject to the terms and conditions hereinafter set forth, Landlord leases to Tenant and Tenant leases from Landlord all of Landlord's right, title and interest in and to all of the following (collectively, the "Leased Property"): (a) the land that is more particularly described in Exhibit C, attached hereto and made a part hereof (the "Land"); (b) all buildings, structures and other improvements of every kind including, but not limited to, the Retirement Community, alleyways and connecting tunnels, sidewalks, utility pipes, conduits and lines (on-site and off-site), parking areas and roadways appurtenant to such buildings and structures presently situated upon the Land (collectively, the "Leased Improvements"); (c) all easements, rights and appurtenances relating to the Land and the Leased Improvements; (d) all equipment, machinery, fixtures, and other items of property, now or hereafter permanently affixed to or incorporated into the Leased Improvements, including, without limitation, all furnaces, boilers, heaters, electrical equipment, heating, plumbing, lighting, ventilating, refrigerating, incineration, air and water pollution control, waste disposal, air-cooling and air-conditioning systems and apparatus, sprinkler systems and fire and theft protection equipment, all of which, to the maximum extent permitted by law, are hereby deemed by the parties hereto to constitute real estate, together with all replacements, modifications, alterations and additions thereto, but specifically excluding all items included within the category of Tenant's Personal Property (collectively, the "Fixtures"); (e) all machinery, equipment, furniture, furnishings, moveable walls or partitions, computers or trade fixtures located on or in the Leased Improvements, and all modifications, replacements, alterations and additions to such property, except items, if any, included within the category of Fixtures, but specifically excluding all items included within the category of Tenant's Personal Property (collectively, the "Leased Personal Property"); and (f) all of the Leased Intangible Property.

  • Tax Parcels Each Mortgaged Property constitutes one or more complete separate tax lots or is subject to an endorsement under the related Title Policy insuring same, or in certain instances an application has been made to the applicable governing authority for creation of separate tax lots, which shall be effective for the next tax year.

  • The Property The Landlord agrees to lease the described property below to the Tenant: (enter the property information) Mailing Address: [PROPERTY MAILING ADDRESS] Residence Type: ☐ Apartment ☐ House ☐ Condo ☐ Other: [OTHER] Bedroom(s): [# OF BEDROOMS] Bathroom(s): [# OF BATHROOMS] The aforementioned property shall be leased wholly by the Tenant (“Premises”).

  • B8 Property Where the Client issues Property free of charge to the Contractor such Property shall be and remain the property of the Client and the Contractor irrevocably licences the Client and its agents to enter upon any premises of the Contractor during normal business hours on reasonable notice to recover any such Property. The Contractor shall not in any circumstances have a lien or any other interest on the Property and the Contractor shall at all times possess the Property as fiduciary agent and bailee of the Client. The Contractor shall take all reasonable steps to ensure that the title of the Client to the Property and the exclusion of any such lien or other interest are brought to the notice of all sub-contractors and other appropriate persons and shall, at the Client’s request, store the Property separately and ensure that it is clearly identifiable as belonging to the Client.

  • The Properties Attached hereto as Schedule I is the description of certain Land (the "Subject Property"). Effective upon the execution and delivery of this Lease Supplement by Lessor and Lessee, such Land, together with any Building and other improvements thereon or which thereafter may be constructed thereon shall be subject to the terms and provisions of the Lease and Lessor hereby grants, conveys, transfers and assigns to the Related Lessee those interests, rights, titles, estates, powers and privileges provided for in the Lease with respect to the Subject Property.

  • Underground Facilities All underground pipelines, conduits, ducts, cables, wires, manholes, vaults, tanks, tunnels, or other such facilities or attachments, and any encasements containing such facilities, including without limitation those that convey electricity, gases, steam, liquid petroleum products, telephone or other communications, cable television, water, wastewater, storm water, other liquids or chemicals, or traffic or other control systems.

  • Leasehold Estate Each Mortgaged Property consists of a fee simple estate in real estate or, if the related Mortgage Loan is secured in whole or in part by the interest of a Mortgagor as a lessee under a ground lease of a Mortgaged Property (a "Ground Lease"), by the related Mortgagor's interest in the Ground Lease but not by the related fee interest in such Mortgaged Property (the "Fee Interest"), and as to such Ground Leases: (a) Such Ground Lease or a memorandum thereof has been or will be duly recorded; such Ground Lease (or the related estoppel letter or lender protection agreement between the Seller and related lessor) does not prohibit the current use of the Mortgaged Property and does not prohibit the interest of the lessee thereunder to be encumbered by the related Mortgage; and there has been no material change in the payment terms of such Ground Lease since the origination of the related Mortgage Loan, with the exception of material changes reflected in written instruments that are a part of the related Mortgage File; (b) The lessee's interest in such Ground Lease is not subject to any liens or encumbrances superior to, or of equal priority with, the related Mortgage, other than Permitted Encumbrances; (c) The Mortgagor's interest in such Ground Lease is assignable to the Purchaser and the Trustee as its assignee upon notice to, but without the consent of, the lessor thereunder (or, if such consent is required, it has been obtained prior to the Closing Date) and, in the event that it is so assigned, is further assignable by the Purchaser and its successors and assigns upon notice to, but without the need to obtain the consent of, such lessor or if such lessor's consent is required it cannot be unreasonably withheld; (d) Such Ground Lease is in full force and effect, and the Ground Lease provides that no material amendment to such Ground Lease is binding on a mortgagee unless the mortgagee has consented thereto, and the Seller has received no notice that an event of default has occurred thereunder, and, to the Seller's knowledge, there exists no condition that, but for the passage of time or the giving of notice, or both, would result in an event of default under the terms of such Ground Lease; (e) Such Ground Lease, or an estoppel letter or other agreement, (A) requires the lessor under such Ground Lease to give notice of any default by the lessee to the holder of the Mortgage; and (B) provides that no notice of termination given under such Ground Lease is effective against the holder of the Mortgage unless a copy of such notice has been delivered to such holder and the lessor has offered or is required to enter into a new lease with such holder on terms that do not materially vary from the economic terms of the Ground Lease. (f) A mortgagee is permitted a reasonable opportunity (including, where necessary, sufficient time to gain possession of the interest of the lessee under such Ground Lease) to cure any default under such Ground Lease, which is curable after the receipt of notice of any such default, before the lessor thereunder may terminate such Ground Lease; (g) Such Ground Lease has an original term (including any extension options set forth therein) which extends not less than twenty years beyond the Stated Maturity Date of the related Mortgage Loan; (h) Under the terms of such Ground Lease and the related Mortgage, taken together, any related insurance proceeds or condemnation award awarded to the holder of the ground lease interest will be applied either (A) to the repair or restoration of all or part of the related Mortgaged Property, with the mortgagee or a trustee appointed by the related Mortgage having the right to hold and disburse such proceeds as the repair or restoration progresses (except in such cases where a provision entitling a third party to hold and disburse such proceeds would not be viewed as commercially unreasonable by a prudent commercial mortgage lender), or (B) to the payment of the outstanding principal balance of the Mortgage Loan together with any accrued interest thereon; (i) Such Ground Lease does not impose any restrictions on subletting which would be viewed as commercially unreasonable by prudent commercial mortgage lenders lending on a similar Mortgaged Property in the lending area where the Mortgaged Property is located; and such Ground Lease contains a covenant that the lessor thereunder is not permitted, in the absence of an uncured default, to disturb the possession, interest or quiet enjoyment of the lessee thereunder for any reason, or in any manner, which would materially adversely affect the security provided by the related Mortgage; (j) Such Ground Lease requires the Lessor to enter into a new lease upon termination of such Ground Lease if the Ground Lease is rejected in a bankruptcy proceeding; and (k) Such Ground Lease may not be amended or modified or any such amendment or modification will not be effective against the mortgagee without the prior written consent of the mortgagee under such Mortgage Loan, and any such action without such consent is not binding on such mortgagee, its successors or assigns; provided, however, that termination or cancellation without such consent may be binding on the mortgagee if (i) an event of default occurs under the Ground Lease, (ii) notice is provided to the mortgagee and (iii) such default is curable by the mortgagee as provided in the Ground Lease but remains uncured beyond the applicable cure period.

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