Common use of Grant of Easements, etc Clause in Contracts

Grant of Easements, etc. The Agent, the Lenders and the Holders hereby agree that, so long as no Event of Default shall have occurred and be continuing, the Owner Trustee shall, from time to time at the request of the Lessee (and with the prior consent of the Agent), in connection with the transactions contemplated by the Agency Agreement, the Lease or the other Operative Agreements, (i) grant easements and other rights in the nature of easements with respect to any Property, (ii) release existing easements or other rights in the nature of easements which are for the benefit of any Property, (iii) execute and deliver to any Person any instrument appropriate to confirm or effect such grants or releases, and (iv) execute and deliver to any Person such other documents or materials in connection with the acquisition, development, construction, testing or operation of any Property, including without limitation reciprocal easement agreements, construction contracts, operating agreements, development agreements, plats, replats or subdivision documents; provided, that each of the agreements referred to in this Section 8.5 shall be of the type normally executed by the Lessee in the ordinary course of the Lessee's business and shall be on commercially reasonable terms so as not to diminish the value of any Property in any material respect.

Appears in 7 contracts

Samples: Participation Agreement (Rf Micro Devices Inc), Participation Agreement (Sunrise Assisted Living Inc), Participation Agreement (Healthsouth Corp)

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Grant of Easements, etc. The Agent, the Lenders Agent and the Holders hereby agree that, so long as no Event of Default shall have occurred and be continuing, and until such time as the Agent gives instructions to the contrary to the Owner Trustee, the Owner Trustee shall, from time to time at the request of the Lessee (and with the prior consent of the Agent)Lessee, in connection with the transactions contemplated by the Agency Agreement, the Lease or the other Operative Agreements, (i) grant easements and other rights in the nature of easements with respect to any Property, (ii) release existing easements or other rights in the nature of easements which are for the benefit of any Property, (iii) execute and deliver to any Person any instrument appropriate to confirm or effect such grants or releases, and (iv) execute and deliver to any Person such other documents or materials in connection with the acquisition, development, construction, testing development or operation of any Property, including including, without limitation limitation, reciprocal easement agreements, construction contracts, operating agreements, development agreements, plats, replats or subdivision documents; provided, that each of the agreements referred to in this -------- Section 8.5 10.5 shall be of the type normally executed by the Lessee in the ordinary course of the Lessee's business and shall be on commercially reasonable terms so as not to diminish the value of any Property in any material respect.

Appears in 2 contracts

Samples: Participation Agreement (Capital One Financial Corp), Participation Agreement (Capital One Financial Corp)

Grant of Easements, etc. The Agent, the Lenders and the Holders hereby agree that, so long as no Event of Default shall have occurred and be continuing, the Owner Trustee shall, from time to time at the request of the Lessee (and with the prior consent of the Agent, which consent shall not be unreasonably withheld or delayed), in connection with the transactions contemplated by the Agency Agreement, the Lease or the other Operative Agreements, (i) grant easements and other rights in the nature of easements with respect to any Property, (ii) release existing easements or other rights in the nature of easements which are for the benefit of any Property, (iii) execute and deliver to any Person any instrument appropriate to confirm or effect such grants or releases, and (iv) execute and deliver to any Person such other documents or materials in connection with the acquisition, development, construction, testing or operation of any Property, including without limitation reciprocal easement agreements, construction contracts, operating agreements, development agreements, plats, replats or subdivision documents; provided, that each of the agreements referred to in this Section 8.5 shall be of the type normally executed by the Lessee similarly situated companies in the ordinary course of the Lessee's such company’s business and shall be on commercially reasonable terms so as not to diminish the value of any Property in any material respect.

Appears in 2 contracts

Samples: Participation Agreement (Sabre Holdings Corp), Participation Agreement (Sabre Holdings Corp)

Grant of Easements, etc. The Agent, the Lenders and the Holders hereby agree that, so long as no Event of Default shall have occurred and be continuing, the Owner Trustee shall, from time to time at the request of the Lessee (and with the prior consent of the Agent), in connection with the transactions contemplated by the Agency Agreement, the Lease or the other Operative Agreements, (i) grant easements and other rights in the nature of easements with respect to any Property, (ii) release existing easements or other rights in the nature of easements which are for the benefit of any Property, (iii) execute and deliver to any Person any instrument appropriate to confirm or effect such grants or releases, and (iv) execute and deliver to any Person such other documents or materials in connection with the acquisition, development, construction, testing or operation of any Property, including without limitation reciprocal easement agreements, construction contracts, operating agreements, development agreements, plats, replats or subdivision documents; provided, that each of the agreements referred to in this Section 8.5 -------- shall be of the type normally executed by the Lessee or its Affiliates or other Persons operating businesses similar to the businesses of Lessee and/or its Affiliates and similarly situated to Lessee and/or its Affiliates in the ordinary course of the Lesseesuch firm's business and shall be on commercially reasonable terms so as not to diminish the value of any Property in any material respect.

Appears in 1 contract

Samples: Participation Agreement (Us Oncology Inc)

Grant of Easements, etc. The Agent, the Lenders Agent and the Holders hereby agree that, so long as no Event of Default shall have occurred and be continuing, and until such time as the Agent gives instructions to the contrary to the Owner Trustee, the Owner Trustee shall, from time to time at the request of the Lessee (and with the prior consent of the Agent)Lessee, in connection with the transactions contemplated by the Agency Agreement, the Lease or the other Operative Agreements, (i) grant easements and other rights in the nature of easements with respect to any Property, (ii) release existing easements or other rights in the nature of easements which are for the benefit of any Property, (iii) execute and deliver to any Person any instrument appropriate to confirm or effect such grants or releases, and (iv) execute and deliver to any Person such other documents or materials in connection with the acquisition, development, construction, testing development or operation of any Property, including including, without limitation limitation, reciprocal easement agreements, construction contracts, operating agreements, development agreements, plats, replats or subdivision documents; provided, that each of the agreements and documents referred to in this Section 8.5 10.5 shall be of the type normally executed by the Lessee in the ordinary course of the Lessee's business business, or consistent with local practice or as required by local governmental authorities, and shall be on commercially reasonable terms so as not to diminish the value of any Property in any material respect.

Appears in 1 contract

Samples: Participation Agreement (Healthsouth Corp)

Grant of Easements, etc. The Agent, the Lenders and the Holders hereby agree that, so long as no Event of Default shall have occurred and be continuing, the Owner Trustee shall, from time to time at the request of the Lessee (and with the prior consent of the Agent, the Lenders and the Holders), in connection with the transactions contemplated by the Agency Agreement, the Lease or the other Operative Agreements, (i) grant easements and other rights in the nature of easements with respect to any Property, ; (ii) release existing easements or other rights in the nature of easements which are for the benefit of any Property, ; (iii) execute and deliver to any Person any instrument appropriate to confirm or effect such grants or releases, ; and (iv) execute and deliver to any Person such other documents or materials in connection with the acquisition, development, construction, testing or operation of any Property, including without limitation reciprocal easement agreements, construction contracts, contracts or operating agreements, development agreements, plats, replats or subdivision documents; provided, that each of the -------- agreements referred to in this Section 8.5 shall be of the type normally executed by the Lessee in the ordinary course of the Lessee's business and shall be on commercially reasonable terms so as not to diminish the value of any Property in any material respect.

Appears in 1 contract

Samples: Participation Agreement (Smart & Final Inc/De)

Grant of Easements, etc. The Agent, the Lenders and the Holders hereby agree that, so long as no Event of Default shall have occurred and be continuing, the Owner Trustee shall, from time to time at the request of the Lessee (and with the prior consent of the Agent), in connection with the transactions contemplated by the Agency Agreement, the Lease or the other Operative Agreements, (i) grant easements and other rights in the nature of easements with respect to any Property, (ii) release existing easements or other rights in the nature of easements which are for the benefit of any Property, (iii) execute and deliver to any Person any instrument appropriate to confirm or effect such grants or releases, and (iv) execute and deliver to any Person such other documents or materials in connection with the acquisition, development, construction, testing or operation of any Property, including without limitation reciprocal easement agreements, construction contracts, operating agreements, development agreements, plats, replats or subdivision documents; provided, that each of the agreements referred to in this Section 8.5 shall be of the type normally executed by the Lessee in the ordinary course of the Lessee's business and shall be on commercially reasonable terms so as not to diminish the value of any Property in any material respect.

Appears in 1 contract

Samples: Participation Agreement (Pep Boys Manny Moe & Jack)

Grant of Easements, etc. The Agent, the Lenders and the Holders hereby agree that, so long as no Event of Default shall have occurred and be continuing, the Owner Trustee shall, from time to time at the request of the Lessee (and with the prior consent of the Agent), in connection with the transactions contemplated by the Agency Agreement, the Lease or the other Operative Agreements, (i) grant easements and other rights in the nature of easements with respect to any Property, (ii) release existing easements or other rights in the nature of easements which are for the benefit of any Property, (iii) execute and deliver to any Person any instrument appropriate to confirm or effect such grants or releases, and (iv) execute and deliver to any Person such other documents or materials in connection with the acquisition, development, construction, testing or operation of any Property, including without limitation reciprocal easement agreements, construction contracts, operating agreements, development agreements, plats, replats or subdivision documents; provided, that each of the agreements referred to in this Section 8.5 shall be of the type normally executed by the Lessee or other Persons operating businesses similar to that of Lessee and that are similarly situated to Lessee in the ordinary course of the Lessee's such business and shall be on commercially reasonable terms so as not to diminish the value of any Property in any material respect.

Appears in 1 contract

Samples: Credit Agreement (Correctional Services Corp)

Grant of Easements, etc. The Agent, the Lenders and the Holders Lessor hereby agree that, so long as no Event of Default shall have occurred and be continuing, the Owner Trustee Lessor shall, from time to time at the request of the Lessee (and with the prior consent of the Agent), in connection with the transactions contemplated by the Agency Agreement, the Lease or the other Operative Agreements, (i) grant easements and other rights in the nature of easements with respect to any Property, (ii) release existing easements or other rights in the nature of easements which are for the benefit of any Property, (iii) execute and deliver to any Person any instrument appropriate to confirm or effect such grants or releases, and (iv) execute and deliver to any Person such other documents or materials in connection with the acquisition, development, construction, testing or operation of any Property, including without limitation reciprocal easement agreements, construction contracts, operating agreements, development agreements, plats, replats or subdivision documents; provided, that each of the agreements referred to in this Section 8.5 shall be of the type normally executed by the Lessee in the ordinary course of the Lessee's business and shall be on commercially reasonable terms so as not to diminish the value of any Property in any material respect.

Appears in 1 contract

Samples: Participation Agreement (West Corp)

Grant of Easements, etc. The Agent, the Lenders Agent and the Holders hereby agree that, so long as no Event of Default shall have occurred and be continuing, and until such time as the Agent gives instructions to the contrary to the Owner Trustee, the Owner Trustee shall, from time to time at the request of the Lessee (and with the prior consent of the Agent)Lessee, in connection with the transactions contemplated by the Agency Agreement, the Lease or the other Operative Agreements, (i) grant easements and other rights in the nature of easements with respect to any Property, (ii) release existing easements or other rights in the nature of easements which are for the benefit of any Property, (iii) execute and deliver to any Person any instrument appropriate to confirm or effect such grants or releases, and (iv) execute and deliver to any Person such other documents or materials in connection with the acquisition, development, construction, testing or operation of any Property, including including, without limitation limitation, reciprocal easement agreements, construction contracts, operating agreements, development agreements, plats, replats or subdivision documents; provided, that each of the agreements and documents referred to in this Section 8.5 10.5 shall be of the type normally executed by the Lessee in the ordinary course of the Lessee's business ’s business, or consistent with local practice or as required by local Governmental Authorities, and shall be on commercially reasonable terms so as not to diminish the value of any Property in any material respect.

Appears in 1 contract

Samples: Participation Agreement (Healthsouth Corp)

Grant of Easements, etc. The Agent, the Lenders and the Holders hereby agree that, so long as no Event of Default shall have occurred and be continuing, the Owner Trustee shall, from time to time at the request of the Lessee (and with the prior consent of the Agent), in connection with the transactions contemplated by the Agency Agreement, the Lease or the other Operative Agreements, (i) grant easements and other rights in the nature of easements with respect to any Property, (ii) release existing easements or other rights in the nature of easements which are for the benefit of any Property, (iii) execute and deliver to any Person any instrument appropriate to confirm or effect such grants or releases, and (iv) execute and deliver to any Person such other documents or materials in connection with the acquisition, development, construction, testing or operation of any Property, including without limitation reciprocal easement agreements, construction contracts, operating agreements, development agreements, plats, replats or subdivision documents; provided, that each of the agreements referred to in this Section 8.5 shall be of the type normally executed by the Lessee in the ordinary course of the Lessee's ’s business and shall be on commercially reasonable terms so as not to diminish the value of any Property in any material respect.

Appears in 1 contract

Samples: Participation Agreement (Healthsouth Corp)

Grant of Easements, etc. The Agent, the Lenders and the Holders hereby agree that, so long as no Event of Default shall have occurred and be continuing, the Owner Trustee shall, from time to time at the request of the Lessee that has executed a Lease Supplement with respect to a particular Property (and with the prior consent of the Agent, which consent shall not be unreasonably withheld), in connection with the transactions contemplated by the Agency Agreement, the Lease or the other Operative Agreements, (i) grant easements and other rights in the nature of easements with respect to any such Property, (ii) release existing easements or other rights in the nature of easements which are for the benefit of any such Property, (iii) execute and deliver to any Person any instrument appropriate to confirm or effect such grants or releases, and (iv) execute and deliver to any Person such other documents or materials in connection with the acquisition, development, construction, testing or operation of any such Property, including without limitation reciprocal easement agreements, construction contracts, operating agreements, development agreements, plats, replats or subdivision documents; provided, that each of the agreements referred to in this Section 8.5 shall be of the type normally executed by the such Lessee in the ordinary course of the such Lessee's business and shall be on commercially reasonable terms so as not to diminish the value of any such Property in any material respect.

Appears in 1 contract

Samples: Participation Agreement (Performance Food Group Co)

Grant of Easements, etc. The Agent, the Lenders and the Holders hereby agree that, so long as no Event of Default shall have occurred and be continuing, the Owner Trustee shall, from time to time at the request of the Lessee (and with the prior consent of the Agent), in connection with the transactions contemplated by the Agency Agreement, the Lease or the other Operative Agreements, (i) grant easements and other rights in the nature of easements with respect to any Property, (ii) release existing easements or other rights in the nature of easements which are for the benefit of any Property, (iii) execute and deliver to any Person any instrument appropriate to confirm or effect such grants or releases, and (iv) execute and deliver to any Person such other documents or materials in connection with the acquisition, development, construction, testing or operation of any Property, including without limitation reciprocal easement agreements, construction contracts, operating agreements, development agreements, plats, replats or subdivision documents; provided, that each of the agreements referred to in this Section 8.5 shall be of the type normally executed by the Lessee or its Affiliates or other Persons operating businesses similar to the businesses of Lessee and/or its Affiliates and similarly situated to Lessee and/or its Affiliates in the ordinary course of the Lesseesuch firm's business and shall be on commercially reasonable terms so as not to diminish the value of any Property in any material respect.

Appears in 1 contract

Samples: Participation Agreement (American Oncology Resources Inc /De/)

Grant of Easements, etc. The Agent, the Lenders and the Holders hereby agree that, so long as no Event of Default shall have occurred and be continuing, the Owner Trustee shall, from time to time at the request of the Lessee (and with the prior consent of the Agent), in connection with the transactions contemplated by the Agency Agreement, the Lease or the other Operative Agreements, (i) grant easements easements, rights-of-way, licenses or other instruments providing for gas, electric, telephone, telecommunications or other media or other similar purposes servicing any Property or any adjacent property and other rights in the nature of easements the foregoing with respect to any Property, (ii) release existing easements easements, rights-of-way, licenses or other instruments providing for gas, electric, telephone, telecommunications or other media or other similar purposes servicing any Property or any adjacent property or other rights in the nature of easements the foregoing which are for the benefit of any Property, (iii) execute and deliver to any Person any instrument appropriate to confirm or effect such grants or releases, and (iv) execute and deliver to any Person such other documents or materials in connection with the acquisition, development, construction, testing or operation of any Property, including without limitation reciprocal easement agreements, construction contracts, operating agreements, development agreements, plats, replats or subdivision documents; provided, that each of the agreements referred to in this Section 8.5 shall be of the type normally executed by the Lessee in the ordinary course of the Lessee's business and shall be on commercially reasonable terms so as not to diminish the value of any Property in any material respect.

Appears in 1 contract

Samples: Participation Agreement (Convergys Corp)

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Grant of Easements, etc. The Agent, the Lenders Agent and the Holders hereby agree that, so long as no Event of Default shall have occurred and be continuing, and until such time as the Agent gives instructions to the contrary to the Owner Trustee, the Owner Trustee shall, from time to time at the request of the Lessee (and with the prior consent of the Agent)Lessee, in connection with the transactions contemplated by the Agency Agreement, the Lease or the other Operative Agreements, (i) grant easements and other rights in the nature of easements with respect to any Property, (ii) release existing easements or other rights in the nature of easements which are for the benefit of any Property, (iii) execute and deliver to any Person any instrument appropriate to confirm or effect such grants or releases, and (iv) execute and deliver to any Person such other documents or materials in connection with the acquisition, development, construction, testing or operation of any Property, including including, without limitation limitation, reciprocal easement agreements, construction contracts, operating agreements, development agreements, plats, replats or subdivision documents; provided, that each of the agreements and documents referred to in this Section 8.5 10.5 shall be of the type normally executed by the Lessee in the ordinary course of the Lessee's business business, or consistent with local practice or as required by local Governmental Authorities, and shall be on commercially reasonable terms so as not to diminish the value of any Property in any material respect.

Appears in 1 contract

Samples: Participation Agreement (Healthsouth Corp)

Grant of Easements, etc. The Agent, the Lenders and the Holders hereby agree that, so long as no Event of Default shall have occurred and be continuing, the Owner Trustee shall, from time to time at the request of the Lessee (and with the prior consent of the Agent), in connection with the transactions contemplated by the Agency Agreement, the Lease or the other Operative Agreements, (i) grant easements and other rights in the nature of easements with respect to any Property, ; (ii) release existing easements or other rights in the nature of easements which are for the benefit of any Property, ; (iii) execute and deliver to any Person any instrument appropriate to confirm or effect such grants or releases, ; and (iv) execute and deliver to any Person such other documents or materials in connection with the acquisition, development, construction, testing or operation of any Property, including without limitation reciprocal easement agreements, construction contracts, operating agreements, development agreements, plats, replats or subdivision documents; provided, that each of the agreements referred -------- to in this Section 8.5 shall be of the type normally executed by the Lessee in the ordinary course of the Lessee's business and shall be on commercially reasonable terms so as not to diminish the value of any Property in any material respect.

Appears in 1 contract

Samples: Participation Agreement (Smart & Final Inc/De)

Grant of Easements, etc. The Agent, the Lenders and the Holders Bank hereby agree agrees that, so long as no Event of Default shall have occurred and be continuing, the Owner Trustee shall, from time to time at the request of the Lessee (and with the prior consent of the AgentBank, which consent the Bank will not withhold or delay unreasonably), in connection with the transactions contemplated by the Agency Agreement, the Lease or the other Operative Agreements, (i) grant easements and other rights in the nature of easements with respect to any Property, (ii) release existing easements or other rights in the nature of easements which are for the benefit of any Property, (iii) execute and deliver to any Person any instrument appropriate to confirm or effect such grants or releases, and (iv) execute and deliver to any Person such other documents or materials in connection with the acquisition, development, construction, testing or operation of any Property, including without limitation reciprocal easement agreements, construction contracts, operating agreements, development agreements, plats, replats or subdivision documents; provided, that each of the agreements referred to in this Section 8.5 shall be of the type normally executed by the Lessee in the ordinary course of the Lessee's business and shall be on commercially reasonable terms so as not to diminish the value of any Property in any material respect.

Appears in 1 contract

Samples: Participation Agreement (Dollar Tree Stores Inc)

Grant of Easements, etc. The Agent, the Lenders Primary Financing Parties and the Holders Lessor hereby agree that, so long as no Lease Event of Default shall have occurred and be continuing, and until such time as the Owner Trustee Agent gives instructions to the contrary to the Lessor after the occurrence and continuance of such Lease Event of Default, the Lessor shall, without the consent of the Agent or the Primary Financing Parties, from time to time at the request of the Lessee (and with the prior consent of the Agent)Lessee, in connection with the transactions contemplated by the Agency Agreement, the Lease or the other Operative Agreements, (i) grant easements and other rights in the nature of easements with respect to any the Property, (ii) release existing easements or other rights in the nature of easements which are for the benefit of any the Property, (iii) execute and deliver to any Person any instrument appropriate to confirm or effect such grants or releases, and (iv) execute and deliver to any Person such other documents or materials in connection with the acquisition, development, construction, testing testing, demolition or operation of any the Property, including without limitation reciprocal easement agreements, construction contracts, operating agreements, development agreements, plats, replats or subdivision documents; provided, that each of the -------- agreements referred to in this Section 8.5 shall be of the type normally executed by the Lessee in the ordinary course of the Lessee's business and shall be on commercially reasonable terms so as not to diminish the value of any the Property in any material respectrespect or otherwise have a Material Adverse Effect.

Appears in 1 contract

Samples: Participation Agreement (Capital One Financial Corp)

Grant of Easements, etc. The Agent, the Lenders and the Holders hereby agree that, so long as no Default or Event of Default shall have occurred and be continuing, the Owner Trustee shall, from time to time at the request of the Lessee (and with the prior consent of the Agent), in connection with the transactions contemplated by the Agency Agreement, the Lease or the other Operative Agreements, (i) grant easements and other rights in the nature of easements with respect to any Property, (ii) release existing easements or other rights in the nature of easements which are for the benefit of any Property, (iii) execute and deliver to any Person any instrument appropriate to confirm or effect such grants or releases, and (iv) execute and deliver to any Person such other documents or materials in connection with the acquisition, development, construction, testing or operation of any Property, including without limitation reciprocal easement agreements, construction contracts, operating agreements, development agreements, plats, replats or subdivision documents; provided, that each of the -------- agreements referred to in this Section 8.5 shall be of the type normally executed by the Lessee in the ordinary course of the Lessee's business and shall be on commercially reasonable terms so as not to diminish the value of any Property in any material respect.

Appears in 1 contract

Samples: Participation Agreement (Us Foodservice/Md/)

Grant of Easements, etc. The Agent, the Lenders Agent and the Holders Primary Financing Parties hereby agree that, so long as no Event of Default shall have occurred and be continuing, and until such time as the Owner Trustee Agent gives instructions to the contrary to the Lessor after the occurrence and continuance of such Event of Default, the Lessor shall, with the prior consent of the Agent not to be unreasonably withheld, from time to time at the request of the Lessee (and with the prior consent of the Agent)Lessee, in connection with the transactions contemplated by the Agency Agreement, the Lease or the other Operative Agreements, (i) grant easements and other rights in the nature of easements with respect to any the Property, (ii) release existing easements or other rights in the nature of easements which are for the benefit of any the Property, (iii) execute and deliver to any Person any instrument appropriate to confirm or effect such grants or releases, releases and (iv) execute and deliver to any Person such other documents or materials in connection with the acquisition, development, construction, testing testing, demolition or operation of any the Property, including without limitation reciprocal easement agreements, construction contracts, operating agreements, development agreements, plats, replats or subdivision documents; provided, that each of the agreements referred to in this Section 8.5 shall be of the type normally executed by the Lessee in the ordinary course of the Lessee's its business and shall be on commercially reasonable terms so as not to diminish the value of any the Property in any material respectrespect or otherwise reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Participation Agreement (United Therapeutics Corp)

Grant of Easements, etc. The Agent, the Lenders Agent and the Holders Primary Financing Parties hereby agree that, so long as no Event of Default shall have occurred and be continuing, and until such time as the Owner Trustee Agent gives instructions to the contrary to the Lessor after the occurrence and continuance of such Event of Default, the Lessor shall, with the prior consent of the Agent not to be unreasonably withheld, from time to time at the request of the Lessee (and with the prior consent of the Agent)Lessee, in connection with the transactions contemplated by the Agency Agreement, the Lease or the other Operative Agreements, (i) grant easements and other rights in the nature of easements with respect to any the Property, (ii) release existing easements or other rights in the nature of easements which are for the benefit of any the Property, (iii) execute and deliver to any Person any instrument appropriate to confirm or effect such grants or releases, releases and (iv) execute and deliver to any Person such other documents or materials in connection with the acquisition, development, construction, testing testing, demolition or operation of any the Property, including without limitation reciprocal easement agreements, construction contracts, operating agreements, development agreements, plats, replats or subdivision documents; provided, that each of the agreements referred to in this Section 8.5 shall be of the type normally executed by the Lessee in the ordinary course of the Lessee's its business and shall be on commercially reasonable terms so as not to diminish the value of any the Property in any material respectrespect or otherwise have a Material Adverse Effect.

Appears in 1 contract

Samples: Participation Agreement (Human Genome Sciences Inc)

Grant of Easements, etc. The Agent, the Credit Lenders, the Mortgage Lenders and the Holders Lessor hereby agree that, so long as no Lease Event of Default shall have occurred and be continuing, and until such time as the Owner Trustee shallAgent gives instructions to the contrary to the Lessor after the occurrence and continuance of such Lease Event of Default, the Lessor shall from time to time at the request of the Lessee (and with the prior consent of the Agent)Lessee, in connection with the transactions contemplated by the Agency Agreement, the Lease or the other Operative Agreements, (i) grant easements and other rights in the nature of easements with respect to any Property, (ii) release existing easements or other rights in the nature of easements which are for the benefit of any Property, (iii) execute and deliver to any Person any instrument appropriate to confirm or effect such grants or releases, and (iv) execute and deliver to any Person such other documents or materials in connection with the acquisition, development, construction, testing or operation of any Property, including without limitation reciprocal easement agreements, construction contracts, operating agreements, development agreements, plats, replats or subdivision documents; provided, that each of the agreements referred to in this Section 8.5 shall be of the type normally executed by the Lessee in the ordinary course of with respect to the Lessee's business other properties and shall be on commercially reasonable terms so as not to diminish the value of any the Property in any material respectrespect or otherwise have a Material Adverse Effect.

Appears in 1 contract

Samples: Participation Agreement (Cypress Semiconductor Corp /De/)

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