Decommissioning Termination Right; Alternative Access Sample Clauses

Decommissioning Termination Right; Alternative Access. In the event that (a) Grantee permanently ceases use of the Benefited Parcel for electric substation, and decommissions Grantee’s electric substation on the Benefited Parcel in connection therewith, (b) Grantee sells or transfers the Benefited Parcel to a third party (a “New Owner”), and (c) the New Owner will use the Benefited Parcel for purposes that involve greater or more burdensome vehicular ingress, egress and access to and from the Benefited Parcel than vehicular ingress, egress and access customary in connection with electric substation and/or electric utility operations; then Grantor shall have the right (the “Decommissioning Termination Right”) to terminate this Easement by written notice thereof to New Owner (or, if Grantor has not been provided a notice address for New Owner, then by written notice to Grantee). In the event that Grantor exercises Grantor’s Decommissioning Termination Right, or in the event that Grantee notifies Grantor that Grantee proposes to enter into a transaction that will give rise to Grantor’s Decommissioning Termination Right, then (in either such event) the Grantor named herein (i.e., the City of Xxxxxxxx) (“City”) shall, if requested by New Owner and/or Grantee: (i) allow, subject to all necessary permitting procedures, New Owner to install and maintain one or more new reasonable points of vehicular access directly between the Benefited Parcel and Xxxxxxx Court and/or Xxxxxxx Road, in locations mutually and reasonably acceptable to the City and New Owner (“Alternative Access”), and reasonably cooperate with Grantee and/or New Owner (as applicable) in furtherance of enabling New Owner to gain vehicular ingress, egress and access directly to, from and between the Benefited Parcel and Xxxxxxx Court and/or Xxxxxxx Road (as applicable), and (ii) if such Alternative Access will necessitate crossing over or through any easements (or similar interests) in favor of City burdening the Benefited Parcel, grant such reasonable consents as may be required in order to allow such crossing(s). In the event that Grantor exercises Grantor’s Decommissioning Termination Right, then, if requested by Grantor or New Owner, Grantor and New Owner shall execute and deliver a mutually acceptable instrument confirming the termination of this Easement, which Grantor or New Owner may thereafter record with the Xxxx County Recorder’s Office.
Sample 1
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Related to Decommissioning Termination Right; Alternative Access

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