Common use of Granting of Easements Clause in Contracts

Granting of Easements. As long as no Event of Nonallocation, Indenture Event of Default or Lease Event of Default shall have happened and be continuing, the Trustee shall, at the request of CDOT: (a) consent to the grant of easements, licenses, rights of way (including the dedication of public highways) and other rights or privileges in the nature of easements with respect to the Leased Property, free from this Lease and the Indenture and any security interest or other encumbrance created hereunder or thereunder; (b) consent to the release of existing easements, licenses, rights of way and other rights and privileges with respect to the Leased Property, free from this Lease and the Indenture and any security interest or other encumbrance created hereunder or thereunder, with or without consideration; and (c) execute and deliver any instrument necessary or appropriate to confirm and grant or release any easement, license, right of way or other grant or privilege under Section 8.03(a) or (b) above, upon receipt of: (i) a copy of the instrument of grant or release; and (ii) a written application signed by the CDOT Representative requesting such instrument and stating that such grant or release will not materially adversely affect the value, or interfere with the effective use or operation, of the Leased Property.

Granting of Easements. As long as no Event of Nonallocation, Indenture Event of Default Nonappropriation or Lease Event of Default shall have happened and be continuing, the Trustee shall, at the request of CDOTthe County: (a) consent to the grant of easements, licenses, rights of rights-of-way (including the dedication of public highways) and other rights or privileges in the nature of easements with respect to the real property included in the Leased Property, free from this Lease and the Indenture and any security interest or other encumbrance created hereunder or thereunderunder the Indenture; (b) consent to the release of existing easements, licenses, rights of rights-of-way and other rights and privileges with respect to the Leased Property, free from this Lease Lease, the Site Lease, and the Indenture and any security interest or other encumbrance created hereunder or thereunder, with or without consideration; and (c) execute and deliver any instrument necessary or appropriate to confirm and grant or release any easement, license, right of right-of-way or other grant or privilege under Section 8.03(asubsection (a) or (b) aboveof this Section, upon receipt of: (i) a copy of the instrument of grant or release; and (ii) a written application signed by the CDOT County Representative requesting such instrument and stating that such grant or release will not materially adversely affect the value, or interfere with the effective use or operation, of the Leased Property.

Granting of Easements. (a) As long as no Event of Nonallocation, Indenture Event of Default Nonappropriation or Lease Event of Default shall have happened and be continuing, the Trustee shall, at the request of CDOTthe District: (ai) consent to the grant of easements, licenses, rights of rights-of-way (including the dedication of public highways) and other rights or privileges in the nature of easements with respect to the real property included in the Leased Property, free from this Lease and the Indenture and any security interest or other encumbrance created hereunder or thereunderunder the Indenture; (bii) consent to the release of existing easements, licenses, rights of rights-of-way and other rights and or privileges with respect to the Leased Property, free from this Lease and the Indenture and any security interest or other encumbrance created hereunder or thereunder, with or without consideration; and (ciii) execute and deliver any instrument necessary or appropriate to confirm and grant or release any easement, license, right of right-of-way or other grant or privilege under Section 8.03(asubsection (a) or (b) aboveof this Section, upon following receipt of: (i) a copy of the instrument of grant or release; and (ii) a written application signed by the CDOT District Representative requesting such instrument and stating that such grant or release will not materially adversely affect the valueNet Value, or interfere with the effective use or operation, of the Leased Property. (b) Nothing in this Section is intended to require that any proceeds from the grant of any easement, license, right-of-way and other right and privilege be paid to the Trustee.