Immoveable Property Sample Clauses

Immoveable Property. (a) The Company does not own real estate.
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Immoveable Property. The enforcement of the security constituted by a Land Charge shall be governed by The Registered Land Law (1995 Revision) as varied and/or added to by the Land Charge.
Sample 1
Immoveable Property. Neither the Corporation nor its subsidiaries own any real or immoveable property. Section 33 of the Disclosure Letter sets out a list of all real property (the “Corporation Leased Property”) leased by the Corporation. The Corporation is the tenant of the Corporation Leased Property subject to the terms and conditions of leases appertaining thereto. The Corporation has, to its knowledge, the right to possess, use and occupy the Corporation Leased Property for the purposes of conducting its business as currently conducted. Except as disclosed in Section 33 of the Disclosure Letter or where the failure to hold any such title free and clear of any Encumbrances, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect on the Corporation, all interests of the Corporation in the Corporation Leased Property as lessee under the leases are free and clear of all Encumbrances.
Sample 1
Immoveable Property. Schedule 4.1(16) attached hereto is a true and complete list of all the immoveable property owed or leased by the Corporation and sets forth the legal descriptions thereof. There are no agreements, options, contracts or commitments to sell, transfer or otherwise dispose of the Immoveable Property or which would restrict the ability of the Corporation to transfer the Immoveable Property. The Corporation is the registered and beneficial owner of, and has good and marketable title to the Immoveable Property, free and clear of any Encumbrances except for Permitted Encumbrances and for the rights of usage, rights of usufruct, zoning restrictions, servitudes, and other restrictions that run with the land and minor title defects (if any) which do not, in the aggregate, materially adversely affect the validity of title to or the value or marketability of the Immoveable Property or materially adversely affect the use of the Immoveable Property as such property is presently used by the Corporation in connection with the Business. No part of the Immoveable Property encroaches on any property owned by others. The Immoveable Property, the current uses thereof and the conduct of the Business comply with all federal, provincial and municipal regulations, statutes, enactments, laws and by-laws including, without limitation, those dealing with zoning, parking, access, loading facilities, landscaped areas, building construction, fire, public health and safety. No part of the Immoveable Property has been taken or expropriated by any federal, provincial, municipal or other competent authority nor has any notice or proceeding in respect thereof been given or commenced. The Corporation has not been required by any Governmental Authority to (i) alter the Immoveable Property in a material way in order to be in compliance with Environmental Laws or (ii) perform any environmental closure, decommissioning, rehabilitation, restoration or post-remedial investigations, on, about or in connection with any real property. There are no leases, subleases, licenses, concessions or other agreements, written or oral, granting to any Person the right of use or occupancy of any portion of the Immoveable Property. There are no major repairs required to the structure or building systems of the Immoveable Property and the electrical, mechanical, plumbing, heating, air conditioning, ventilating, security and other systems serving the building comprising the Immoveable Property are in good working or...
Sample 1
Immoveable Property. (a) Schedule 3.1.20 sets forth a list of all immoveable property owned, leased or sub-leased by the Corporation (collectively referred to herein as the "Immoveable Property"). The Corporation has not entered into any other lease or sub-lease or agreement granting to anyone any right to possession, use, occupancy or enjoyment of the Immoveable Property or any portion thereof. Except as set out in Schedule 3.1.20 or in the Business Plan, there are no works or improvements now underway in the Immoveable Property or ordered by any authority or by the landlord thereof and none is currently planned. The Immoveable Property is fit for the operations of the Corporation, as the case may be. (b) The Corporation is the absolute and registered owner of the Immoveable Property, by good, valid and marketable title, free and clear of any Encumbrances except as set forth in Schedule 3.1.20; (c) The Immoveable Property complies with the requirements of all pertinent Governmental Authorities and Applicable Laws, and the Corporation has not received a written notice from any competent Governmental Authority having jurisdiction over the Immoveable Property notifying the Corporation or its predecessors in title or placing either of them in default to conform with any Applicable Law relating to fire, health, environment, zoning, police rules or otherwise, and the Corporation has no knowledge of any violation or infraction thereto; (d) The Immoveable Property is not situated within a protected area pursuant to the ACT TO PRESERVE AGRICULTURAL LAND (R.S.Q., c. P-41.1); (e) The Immoveable Property does not form part of a housing complex pursuant to AN ACT RESPECTING THE REGIE DU LOGEMENT (R.S.Q., c. R-8.1); (f) The Immoveable Property is not a classified cultural property or recognized as such and is not situated within a historic or a natural area, within a classified historic site or in a protected area within the meaning of the CULTURAL PROPERTY ACT (R.S.Q., c. B-4); (g) The Corporation has not received any written notice with respect to (i) any actual or contemplated expropriation proceedings, (ii) road widenings, or (iii) any reserves; (h) All equipment owned or leased by the Corporation and forming part of the Immoveable Property including the water, gas, electrical, steam, compressed air, telecommunication, sanitary and storm sewage lines and systems or other similar systems serving the Immoveable Property, as well as all heating equipment and electrical and lighting fixtur...
Sample 1
Immoveable Property. 4.8.1 Except as set forth in Schedule 4.8, as of the date hereof, Acquiree does not own any immoveable property. TOL Canada does not own any immoveable property. Schedule 4.8 attached hereto lists all the immoveable property of the Acquiree and sets forth the legal descriptions thereof. There are no agreements, options, contracts or commitments to sell, transfer or otherwise dispose of the Immoveable Property or which would restrict the ability of the Acquiree to transfer the Immoveable Property. 4.8.2 The Acquiree has good and marketable title to the Immoveable Property, free and clear of any and all Encumbrances, except for: i) the Encumbrances described in Schedule 4.8.2 attached hereto; ii) liens for current taxes not yet due, and iii) rights of usage, rights of usufruct, zoning restrictions, servitudes, and other restrictions that run with the land and minor title defects (if any) which do not, in the aggregate, materially adversely affect the validity of title to or the value or marketability of the Immoveable Property or materially adversely affect the use of the Immoveable Property as such property is presently used by the Acquiree in connection with the Business. 4.8.3 The Immoveable Property described in Schedule 4.8 and all buildings and structures located thereon and the conduct of the Business as presently conducted do not violate, and the use thereof in the manner in which presently used is not adversely affected by, any zoning or building laws, ordinances, regulations, covenants or official plans and is not and has not been in violation of any Environmental Law. Neither the Acquiree, TOL Canada nor any of the Vendors has received any notification alleging any such violation. Such buildings and structures do not encroach upon any lands not owned by the Acquiree or TOL Canada. There are no expropriation, condemnation or similar proceedings pending or, to the best of the Knowledge of the Acquiree and the Vendors, threatened, with respect to any of the Immoveable Property or any part thereof.
Sample 1
Immoveable Property. It is recorded that the immoveable property in the joint estate described as:- is to be sold by private treaty and the proceeds of the sale are to be distributed equally between the parties.
Sample 1
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Related to Immoveable Property

  • INCOME FROM IMMOVABLE PROPERTY 1. Income derived by a resident of a Contracting State from immovable property (including income from agriculture or forestry) situated in the other Contracting State may be taxed in that other State. 2. The term "immovable property" shall have the meaning which it has under the law of the Contracting State in which the property in question is situated. The term shall in any case include property accessory to immovable property, livestock and equipment used in agriculture and forestry, rights to which the provisions of general law respecting landed property apply, usufruct of immovable property and rights to variable or fixed payments as consideration for the working of, or the right to work, mineral deposits, sources and other natural resources; ships and aircraft shall not be regarded as immovable property. 3. The provisions of paragraph 1 shall apply to income derived from the direct use, letting, or use in any other form of immovable property. 4. The provisions of paragraphs 1 and 3 shall also apply to the income from immovable property of an enterprise and to income from immovable property used for the performance of independent personal services.

  • B8 Property Where the Client issues Property free of charge to the Contractor such Property shall be and remain the property of the Client and the Contractor irrevocably licences the Client and its agents to enter upon any premises of the Contractor during normal business hours on reasonable notice to recover any such Property. The Contractor shall not in any circumstances have a lien or any other interest on the Property and the Contractor shall at all times possess the Property as fiduciary agent and bailee of the Client. The Contractor shall take all reasonable steps to ensure that the title of the Client to the Property and the exclusion of any such lien or other interest are brought to the notice of all sub-contractors and other appropriate persons and shall, at the Client’s request, store the Property separately and ensure that it is clearly identifiable as belonging to the Client.

  • Tangible Property Except for specific items which may be owned by independent contractors, the machinery, equipment, fixtures, tools and supplies used in connection with the Resort, including without limitation, with respect to the operations and maintenance of the Common Elements, are owned either by Borrower, Silverleaf Club, or the applicable Timeshare Owners’ Association.

  • Real Property; Leasehold (a) No Acquired Corporation owns any, nor has any Acquired Corporation ever owned any, real property, nor is any Acquired Corporation party to, or bound by, any Contract to purchase or sell any real property. (b) Part 3.8(b) of the Disclosure Schedule sets forth a list of each lease, sublease or other Contract pursuant to which any of the Acquired Corporations leases real property from any other Person (such leases, subleases or other Contracts required to be listed thereon, the “Company Leases”). (All real property leased to the Acquired Corporations, including all buildings, structures, fixtures and other improvements leased to the Acquired Corporations, is referred to as the “Leased Real Property”). The present use and operation of the Leased Real Property is authorized by, and is in compliance in all material respects with, all applicable zoning, land use, building, fire, health, labor, safety and Environmental Laws and other Legal Requirements. There is no Legal Proceeding pending, or, to the knowledge of the Company, threatened, that challenges or adversely affects, or would challenge or adversely affect, the continuation of the present ownership, use or operation of any Leased Real Property. To the knowledge of the Company, there is no existing plan or study by any Governmental Body or by any other Person that challenges or otherwise adversely affects the continuation of the present ownership, use or operation of any Leased Real Property. There are no subleases, licenses, occupancy agreements or other contractual obligations that grant the right of use or occupancy of any of the Leased Real Property to any Person other than the Acquired Corporations, and there is no Person in possession of any of the Leased Real Property other than the Acquired Corporations. Each of the Acquired Corporations has complied in all material respects with the terms of all Company Leases relating to the Leased Real Property, and all such Company Leases are in full force and effect in all material respects. To the knowledge of the Company, the Leased Real Property is in good operating condition and repair. The Company has Made Available to Parent true, correct and complete copies of all Company Leases. No Acquired Corporation is party to any Contract or, to the knowledge of the Company, subject to any claim that may require the payment of any real estate brokerage commissions, and no commission is owed with respect to any of the Leased Real Property. The Leased Real Property constitutes all real property used in or necessary to conduct the business of each Acquired Corporation as currently being conducted.

  • Intangible Property Intangible and intellectual property of this award shall generally follow provisions established in 2 CFR § 200.315.

  • Personal Property In addition to the real property described in Section II, the Seller shall include the following personal property:

  • Owned Property We do not cover property damage to property owned by any insured or any other resident of any insured's household. This includes expenses and costs incurred by any insured or others to repair, replace, restore or maintain such property to prevent injury to a person or damage to property of others, whether on or away from an insured location.

  • Real Property; Personal Property (a) On the Disaffiliation Date, Local Church will have full title and ownership of the Real Property and Personal Property. The parties shall ensure all necessary transfers or other transactions relating to the above properties are completed on or prior to the Disaffiliation Date. Any costs resulting from such transfers or other transactions shall be borne by Local Church. Annual Conference shall fully cooperate with Local Church, as needed and applicable, to ensure that such transfers and other transactions convey all of Annual Conference’s interest – both for itself and on behalf of The United Methodist Church – in the Real Property and Personal Property, both tangible and intangible, of Local Church. (b) At Closing, the Annual Conference shall deliver to the Local Church: (i) the Deed(s) quitclaiming and releasing all interest of the Annual Conference in the Real Property to the Local Church; (ii) the Bill of Sale conveying all the interest of the Annual Conference in the Personal Property to the Local Church; and, (iii) a FIRPTA certificate.

  • Real Property Interests (a) The Owner has provided, or upon execution of this Agreement shall promptly provide to the Developer, documentation acceptable to the Department indicating any right, title or interest in real property claimed by the Owner with respect to the Owner Utilities in their existing location(s). Such claims are subject to the Department’s approval as part of its review of the Utility Assembly as described in Paragraph 2. Claims approved by the Department as to rights or interests are referred to herein as “Existing Interests”. (b) If acquisition of any new easement or other interest in real property (“New Interest”) is necessary for the Adjustment of any Owner Utilities, then the Owner shall be responsible for undertaking such acquisition. The Owner shall implement each acquisition hereunder expeditiously so that related Adjustment construction can proceed in accordance with the Developer’s Project schedules. The Developer shall be responsible for the actual and reasonable acquisition costs of any such New Interest (including without limitation the Owner’s reasonable overhead charges and legal costs as well as compensation paid to the landowner), excluding any costs attributable to Betterment as described in Paragraph 16(c), and subject to the provisions of Paragraph 16(e); provided, however, that all acquisition costs shall be subject to the Developer’s prior written approval. Eligible acquisition costs shall be segregated from other costs on the Owner's estimates and invoices. Any such New Interest shall have a written valuation and shall be acquired in accordance with applicable law. (c) A New Interest shall be substantially equivalent (e.g., in width and type) to the Existing Interest being replaced, unless a New Interest exceeding such standard (i) is required in order to accommodate the Project or by compliance with applicable law, or (ii) is called for by the Developer in the interest of overall Project economy. Any New Interest that does not meet the requirements of the preceding sentence shall be considered a Betterment to the extent that it upgrades the Existing Interest which it replaces, or in its entirety if the related Owner Utility was not installed pursuant to an Existing Interest. Betterment costs shall be solely the Owner’s responsibility. (d) For each Existing Interest located within the final Project right of way, upon completion of the related Adjustment work and its acceptance by the Owner, the Owner agrees to execute a quitclaim deed or other appropriate documentation relinquishing such Existing Interest to the Department, unless the affected Owner Utility is remaining in its original location or is being reinstalled in a new location within the area subject to such Existing Interest. All quitclaim deeds or other relinquishment documents shall be subject to the Department's approval as part of its review of the Utility Assembly as described in Paragraph 2. For each such Existing Interest relinquished by the Owner, the Developer shall do one of the following to compensate the Owner for such Existing Interest, as appropriate: (i) If the Owner acquires a New Interest for the affected Owner Utility, the Developer shall reimburse the Owner for its actual and reasonable acquisition costs in accordance with Paragraph 16(b); or (ii) If the Owner does not acquire a New Interest for the affected Owner Utility, the Developer shall compensate the Owner for the fair market value of such relinquished Existing Interest, as mutually agreed between the Owner and the Developer and supported by a written valuation. The compensation provided to the Owner pursuant to either subparagraph (i) or subparagraph (ii) above shall constitute complete compensation to the Owner for the relinquished Existing Interest, and no further compensation shall be due to the Owner from either the Developer or the Department on account of such Existing Interest. (e) The Owner shall execute a Utility Joint Use Acknowledgment (TxDOT-U-80A) for each Adjusted Owner Utility where required pursuant to TxDOT policies. All Utility Joint Use Acknowledgments shall be subject to TxDOT approval as part of its review of the Utility Assembly as described in Paragraph 2.

  • Real Property; Assets (a) Neither the Company nor any of its Subsidiaries currently owns any real property and, since January 1, 2014, have not owned any real property. (b) Section 4.17(b) of the Company Disclosure Letter sets forth as of the date hereof a true, correct and complete list of all leases, subleases, licenses, occupancy and other agreements under which the Company or any of its Subsidiaries uses or occupies or has the right to use or occupy, now or in the future, any real property (the “Real Property Leases”). The Company has heretofore made available to Parent true, correct and complete copies of all Real Property Leases (including all material modifications, amendments, supplements, waivers and side letters thereto). Each Real Property Lease is valid, binding and in full force and effect, all rent and other sums and charges payable by the Company or any of its Subsidiaries as tenants thereunder are current in all material respects. No termination event or condition or uncured default on the part of the Company or, if applicable, any of its Subsidiaries or, to the Knowledge of the Company, the landlord thereunder exists under any Real Property Lease, except as, individually or in the aggregate, would not reasonably be expected to have a Company Material Adverse Effect. Except as would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect, and subject to the Enforceability Exceptions, the Company and each of its Subsidiaries have good and valid leasehold interests in each parcel of real property leased by them free and clear of all Liens, except Permitted Liens. Neither the Company nor any of its Subsidiaries has received written notice of any pending, and to the Knowledge of the Company, there is no threatened, condemnation with respect to any property leased pursuant to any of the Real Property leases. (c) The Company and its Subsidiaries have good and marketable title to all of the assets reflected as owned on the most recent balance sheet of the Company contained in the Company SEC Reports filed prior to the date hereof (except for properties or assets that have been sold or disposed of in the ordinary course of business consistent with past practice since the date of such balance sheet) free and clear of any Liens, except for Permitted Liens. All material items of equipment and other tangible assets owned by or leased to the Company and its Subsidiaries are adequate for the uses to which they are being put, are, in all material respects, in good operating condition and repair (ordinary wear and tear and ongoing maintenance excepted).

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