Indiana Downtown Property Sample Clauses

Indiana Downtown Property. At such time as agreed to by the States’ Parties, but in no event later than the commencement of construction of Sections 2 and 3 of the Downtown Crossing, the Indiana Parties shall enter into a ground lease with the Kentucky Parties, providing for the lease of all Indiana Downtown Property located in Section 2 and Section 3 to Kentucky (or a KYTC designated entity), for a term of years ending on the date of Project Termination, and providing, among other things, that (i) the Design-Build Team and other persons and entities under the direction of the Kentucky Parties shall be allowed to enter the Indiana Downtown Property for the purpose of constructing and maintaining and, if so elected by the Kentucky Parties, operating the portion of the Project constructed under the terms of the ground lease, (ii) such ground lease shall terminate at Project Termination, (iii) the Xxxxxxx Bridge shall continue to be owned by Indiana and Kentucky as joint tenants on a 50%/50% basis at all times (even after Project Termination), (iv) the New Downtown Crossing Bridge to be constructed on Section 2 shall be owned by Kentucky through and until the Project Termination and, on Project Termination, Kentucky shall transfer a 50% ownership in the Downtown Crossing Bridge structure to Indiana, and thereafter the Downtown Crossing Bridge structure shall be owned by Indiana and Kentucky as joint tenants on a 50%/50% basis, and (v) any improvements located on Section 3 shall be owned solely by Indiana at and after Project Termination (such ground lease, the “Indiana Downtown Property Ground Lease”). If additional Indiana Downtown Property is acquired pursuant to Subsection 5.2.1 above after commencement of construction of Sections 2 and 3 of the Downtown Crossing, the Indiana Parties and the Kentucky Parties shall amend the Indiana Downtown Property Ground Lease to include such additional property within the Indiana Downtown Property Ground Lease. The Indiana Downtown Property Ground Lease shall be recorded in the applicable real property records in the county where such real property is located, and every such recorded instrument shall contain a covenant prohibiting the tenants from filing a complaint or instituting any procedure at law or in equity to have the real or personal property interest arising under the Indiana Downtown Property Ground Lease partitioned in accordance with any other law.
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Related to Indiana Downtown Property

  • B8 Property B8.1 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.

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  • Real Estate All real property at any time owned or leased (as lessee or sublessee) by the Borrower or any of its Subsidiaries.

  • THE PROPERTY The Landlord agrees to lease the described property below to the Tenant: (enter the property information)

  • ENCROACHMENT/ACQUISITION The Assignee/Bank has no notice or knowledge of any encroachment or that the Government or any other authority has any immediate intention of acquiring the whole or any part of the Property for roads or any other improvement schemes and if such encroachment shall be found to exist or if the Government or any local authority has any such intention, the same shall not annul the sale or shall any abatement or compensation be allowed in respect thereof.

  • Environmental Tobacco Smoke Public Law 103-227 (also known as the Pro-Children Act of 1994) and Vermont’s Act 135 (2014) (An act relating to smoking in lodging establishments, hospitals, and child care facilities, and on State lands) restrict the use of tobacco products in certain settings. Party shall ensure that no person is permitted: (i) to use tobacco products or tobacco substitutes as defined in 7 V.S.A. § 1001 on the premises, both indoor and outdoor, of any licensed child care center or afterschool program at any time; (ii) to use tobacco products or tobacco substitutes on the premises, both indoor and in any outdoor area designated for child care, health or day care services, kindergarten, pre-kindergarten, elementary, or secondary education or library services; and (iii) to use tobacco products or tobacco substitutes on the premises of a licensed or registered family child care home while children are present and in care. Party will refrain from promoting the use of tobacco products for all clients and from making tobacco products available to minors. Failure to comply with the provisions of the federal law may result in the imposition of a civil monetary penalty of up to $1,000 for each violation and/or the imposition of an administrative compliance order on the responsible entity. The federal Pro-Children Act of 1994, however, does not apply to portions of facilities used for inpatient drug or alcohol treatment; service providers whose sole source of applicable federal funds is Medicare or Medicaid; or facilities where Women, Infants, & Children (WIC) coupons are redeemed.

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