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.
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 Shares 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 s...
Arena Land. (i) As of the Effective Date and prior to the City Transfer,
