Lessor’s Activities. Lessee acknowledges and agrees that forestry and/or agricultural practices are being conducted on the Property and shall in all cases take precedence over Lessee’s rights under this Lease. Neither Lessee nor Lessee’s guests shall interfere with Lessor’s activities. Lessee further acknowledges that at certain times it may become necessary for Lessor to engage in road building, site preparation, planting or logging on the Property. Lessor will not be responsible for damages to temporary structures or any inconvenience to Lessee caused by such activities.
Lessor’s Activities. The Lessor will not incur any indebtedness for money borrowed, or enter into any other activity, except as contemplated by the Operative Documents or as may be necessary or advisable to carry out its obligations or enforce its rights thereunder. The Lessor will not enter into any business or other activity other than the business of owning the Undivided Interest, the leasing thereof to the Lessee and the carrying out of the transactions contemplated by this Agreement and the other Operative Documents.
Lessor’s Activities. The Lessor warrants and covenants that (i) it has been formed and exists for the sole purpose of, and will not engage in any business or other activity except as necessary in connection with, acquiring and owning the Leased Property and taking the actions contemplated on the Lessor's part under the Operative Documents, (ii) that it shall not amend or permit an amendment of its Operating Agreement to permit it to engage in any other activity or business without the consent of the Lessee and the Lender, (iii) except for obligations and indebtedness of the Lessor represented by and set forth in the Operative Documents and except for obligations or indebtedness of the Lessor arising directly or indirectly from the Lessee's failure to discharge the Lessee's obligations under the Operative Documents, the Lessor will not create, incur, suffer to be created or incurred, or guarantee any obligation or indebtedness, (iv) it shall not merge or consolidate with any other entity, (v) it will not transfer any of its assets except (A) in the form of cash dividends to its shareholders and (B) transfers of the Leased Property pursuant to the provisions of the Operative Documents, (vi) it will maintain its corporate existence and shall not dissolve or liquidate, (vii) it will conduct its activities and affairs, and shall maintain its assets, separate from those of any other Person, and (viii) it shall have no assets other than the Leased Property, the Lease, cash, notes receivables and other assets contemplated under this Participation Agreement and the other Operative Documents.
Lessor’s Activities. LESSOR agrees to conduct its Landfill activities, and the Landfill activities of its agents, representatives, tenants, contractors, or assignees, so as not to unreasonably interfere with LESSEE's programs, construction activities, and/or operations hereunder, unless LESSEE otherwise consents, subject to a Letter of Intent of February 12, 1981 (a copy of which is attached hereto as Exhibit "III" and by reference made a part hereof). It is understood that LESSEE will exercise its best efforts to operate the Refuse Gas Collection System and Project so as to permit effective utilization of the system for both environmental and energy recovery purposes to the greatest extent possible. In the event that both goals cannot be met simultaneously, the collection of Refuse Gas for the purpose of environmental compliance will not be considered interference with XXXXXX's right to collect Refuse Gas for energy recovery purposes under the terms of this Lease and any action by LESSOR necessary to comply with any environmental statues, laws, ordinances, regulations, decisions, or orders by any regulatory authority or entity will not be deemed a breach of this Lease.
