Easement for Geothermal Loop Sample Clauses

Easement for Geothermal Loop. The parties hereto acknowledge that there is being discussed an easement for a geothermal loop (the “Geothermal Loop Easement”). Should it be determined by Ohlone College that a Geothermal Loop Easement is necessary, the parties will act reasonably and in good faith with respect to the negotiation and documentation of it. Should both Ohlone College and SteelWave agree on the form and content of the Geothermal Loop Easement, it is intended that upon entering into the Ground Lease, that SteelWave shall grant back to Ohlone College the Geothermal Loop Easement. The agreement of each of the parties to the Geothermal Loop Easement and the grant of the Geothermal Loop Easement by SteelWave to Ohlone College at Closing shall be a condition of each of Ohlone College and SteelWave to close Escrow as set forth herein.
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