Conveyance of the Premises. During the Term hereof, if Sublessor is required to purchase the Surface Premises from RGGS pursuant to Section 23.1 of the Coal Lease, and provided Sublessee is in material compliance with all other terms of this Sublease, Sublessee shall have the option to cause Sublessor to assign to Sublessee the Surface Premises to Sublessee for no additional consideration.
Conveyance of the Premises. Borrower shall not mortgage, assign, convey, sell, option, refinance, ground lease, or otherwise dispose of, transfer, or encumber all or any part of the Premises, any interest in the Premises, or the income stream from the Premises without Lender’s prior written consent, which shall not be unreasonably withheld. Any agreement in violation of the above requirements or a transfer of all or part of the Premises involuntarily or by operation of law shall constitute an Event of Default.
Conveyance of the Premises. 11.1 The landlord shall give the tenant at least 14 days advance notice of the conveyance of the premises prior to the conveyance date, which will be the estimated date stated in Annex “A”.
Conveyance of the Premises. On the Closing Date, Tier Chicago Party shall convey the Chicago Property to RREEF Chicago Party, and RREEF Dallas Party shall convey the Dallas Property to Tier Dallas Party.
Conveyance of the Premises. Should Customer convey the Premises to a third party prior to expiration of the Initial Term, Customer is required to assign this Agreement to the purchasing third party, and the purchasing third party must assume Customer’s obligations under this Agreement, on terms reasonably acceptable to Georgia Power. If Customer does not assign this Agreement to the purchasing third party or if the purchasing third party does not accept this assignment and assume all obligations under the Agreement, Customer will be deemed to have terminated this Agreement prior to the expiration of the Initial Term as contemplated in Sections 6 (Default) and 8 (Customer Removal or Termination). Customer will bear the full cost and sole expense for removal of the ET Infrastructure, if removed, as well as actual costs, as circumstances may dictate, for losses incurred by Georgia Power on behalf of ratepayers, such as pro-rated costs of ET Infrastructure, site design, and installation. Customer may, at any time within the Term, request from Georgia Power projected and final costs associated with terminating the Agreement.
Conveyance of the Premises. The parties acknowledge that the conveyance of the Premises is subject to the North Carolina State law governing the disposition of municipal real property and that the Town intends to comply with and use the upset bid process set forth in N.C. Gen. Stat. § 160A-269 and all other applicable statutes. The parties further acknowledge that any upset bid received by a party other than NMFRC shall be required to incorporate restrictions on the use of the Premises that are substantially similar to the restrictions set forth in this Agreement.
