Little Rock Property Sample Clauses

Little Rock Property. On the Little Rock Closing Date and subject to the terms and conditions of this Agreement (i) each Holder will make a Holder Advance in accordance with Sections 2 and 5 of this Agreement and the terms and provisions of the Trust Agreement, (ii) each Lender will make a Loan in accordance with Sections 1 and 5 of this Agreement and the terms and provisions of the Credit Agreement, (iii) the Lessor will make a Bond Loan to the Series 0000-X Xxxx Xxxxxxxxx in an amount equal to the Holder Advances and Loans made by the Holders and Lenders respectively (less the amount of Transaction Expenses, if any, to be paid directly from such Advances) and allocable to the Little Rock Property, (iv) the Series 2000-B Bond Purchaser shall use the proceeds of the Bond Loan to acquire Series 2000-B Bond having a face amount equal to the amount of such Bond Loan, (v) the Series 2000-A Bond Purchaser shall acquire the Series 2000-A Bond having a face amount equal to $1,446,192, (vi) the City of Little Rock will purchase and acquire good and marketable title to the Little Rock Land pursuant to a Deed and/or Xxxx of Sale, (vii) the City of Little Rock shall grant to the Bond Trustee, on behalf of the Series 0000-X Xxxx Xxxxxxxxx and the Series 0000-X Xxxx Xxxxxxxxx, a Lien on the Little Rock Land and additional Little Rock Property by execution of the Bond Indenture, (viii) the Series 2000-A Bond Purchaser and the Series 0000-X Xxxx Xxxxxxxxx shall assign to the Lessor, its respective interest in the Series 2000-A Bond and the Series 2000-B Bond, respectively, (ix) the Lessor shall in turn assign to the Agent, on behalf of the Lenders and the Holders, its interests in the Bonds pursuant to the required Security Documents, (x) the City of Little Rock shall lease the Little Rock Property to the Lessor, as lessee, pursuant to the Head Lease, (xi) the Agent, the Lessee and the Lessor shall execute and deliver a Lease Supplement relating to the Little Rock Property, and (xii) the Basic Term shall commence with respect to the Little Rock Property. On the next Business Day following the Little Rock Closing Date, the Agent, as assignee of the Series 0000-X Xxxx Xxxxxxxxx, shall authorize the Bond Trustee to cancel and retire the Series 2000-A Bond.
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Related to Little Rock Property

  • Partnership Property All property, real, personal, tangible, intangible, or mixed, acquired by or contributed to the Partnership shall be owned by the Partnership and titled in its name and such property shall not be owned individually by any Partner. Each Partner acknowledges and agrees that the System and all elements thereof, are the exclusive property of the Company and are not Partnership property. Each Partner acknowledges and agrees that the Proprietary Marks are the exclusive property of the Company and are not Partnership property. Each Partner acknowledges and agrees that the Partnership shall not acquire or own any land or buildings. Any land or buildings used in the Partnership business shall be acquired and owned by the Company or an Affiliate of the Company and leased to the Partnership at reasonable rates and terms, and such land and buildings shall not be Partnership property.

  • Leasehold Properties In relation to those Properties which are leasehold:

  • Owned Real Property The Company does not own any real property.

  • Ground Lease Reserved.

  • Project The Land and all improvements thereon, including the Building, the Parking Facilities, and all Common Areas.

  • Owned Property Section 5.14

  • REMAINING PROPERTY If any cash or any securities or other financial assets of the Portfolio held by the Custodian hereunder remain held by the Custodian after the termination of this Agreement owing to the failure of the applicable Fund to provide Proper Instructions, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian holds the cash or the securities or other financial assets (the existing agreed-to compensation at the time of termination shall be one indicator of what is considered fair compensation). The provisions of this Agreement relating to the duties, exculpation and indemnification of the Custodian shall apply in favor of the Custodian during such period.

  • Cooperative Property The real property and improvements owned by the Cooperative Corporation, that includes the allocation of individual dwelling units to the holders of the Cooperative Shares of the Cooperative Corporation.

  • Leased Personal Property Other than Personal Property owned by the Company or the Company Subsidiary, the Company or the Company Subsidiary has good and valid leasehold title to all of the tangible personal property Assets used by the Company or the Company Subsidiary, free and clear of any and all Encumbrances other than Permitted Encumbrances which would not permit the termination of the lease therefor by the lessor. Disclosure Schedule 3.9(c) sets forth all Leases for personal property. With respect to each Lease listed on Disclosure Schedule 3.9(c), (i) there has been no breach or default under such Lease by the Company, the Company Subsidiary or by any other party, (ii) the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby will not cause (with or without notice and with or without the passage of time) a default under any such Lease, (iii) such Lease is a valid and binding obligation of the applicable lessor, is in full force and effect and is enforceable by the Company or the Company Subsidiary in accordance with its terms, (iv) no action has been taken by the Company or the Company Subsidiary and no event has occurred which, with notice or lapse of time or both, would permit termination, modification or acceleration by a party thereto other than by the Company or the Company Subsidiary without the consent of the Company or the Company Subsidiary, (v) no party has repudiated any term thereof or threatened to terminate, cancel or not renew any such Lease, and (vi) neither the Company nor the Company Subsidiary has assigned, transferred, conveyed, mortgaged or encumbered any interest therein or in any leased property subject thereto (or any portion thereof).

  • Leasehold Interests Each lease or agreement to which the Company is a party under which it is a lessee of any property, real or personal, is a valid and subsisting agreement without any default of the Company thereunder and, to the best of the Company's knowledge, without any default thereunder of any other party thereto. No event has occurred and is continuing which, with due notice or lapse of time or both, would constitute a default or event of default by the Company under any such lease or agreement or, to the best of the Company's knowledge, by any other party thereto. The Company's possession of such property has not been disturbed and, to the best of the Company's knowledge, no claim has been asserted against the Company adverse to its rights in such leasehold interests.

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