Owner of Project Assets Sample Clauses

Owner of Project Assets. Subject to Section 7.3 and except as provided in Section8.2, the PSA Entities shall be the only legal and beneficial owners of the Project Assets, and Banro and the Seller shall ensure that no person other than the PSA Entities hold or acquire any ownership right, as applicable, or title in or to the Project Assets. Subject to the last paragraph of Section 7.3, Banro and the Seller shall maintain, or cause to be maintained, the Properties in good standing and, in all material respects, all Approvals related thereto, including without limitation taking all actions necessary, and making such expenditures and investments as are required, to keep its mineral claims, mineral leases, mineral and exploration licenses and other mining rights in good standing. Without limiting the generality of the foregoing, Banro and the Seller shall apply for and obtain any and all available renewals and extensions of the its mineral claims, mineral leases, mineral and exploration licenses and other mining rights and Approvals in respect of the Properties. Notwithstanding the foregoing, this Section 7.1 shall not restrict any leased personal property (provided that the lessee is the Seller) or personal property that is equipment that is obsolete or no longer in use under the Operating Plan.
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Owner of Project Assets. Subject to Section 7.3, 7.7, and except as provided in Section 7.8, Parent Company and the Supplier shall cause the Owner to be the only legal and beneficial owner of the Project Assets, and Parent Company and the Supplier shall ensure that no person other than the Owner holds or acquires any ownership right, title or interest in or to the Project Assets. Subject to the last paragraph of Section 7.7 , Parent Company and the Supplier shall cause the Owner to maintain the Mining Properties in good standing and, in all material respects, all Approvals related thereto. Notwithstanding the foregoing, this Section 7.5 shall not restrict any leased personal property (provided that the lessee is the Owner) or personal property that is equipment that is obsolete or no longer in use under the mine plan.
Sample 1
Owner of Project Assets. Subject to Sections 7.2 and 8.3, Seller shall not Transfer, or grant, permit to exist or assume an Encumbrance in, its JV Interest or any right, interest or obligation under this Agreement, any other Transaction Document or any Material Agreement (collectively, the “Seller Material Assets”).
Sample 1
Owner of Project Assets. Subject to Sections 6.2, 6.3 and 7.3 and except as provided in Section 8.2, Teranga and its subsidiaries shall be the only legal and beneficial owners of the Project Assets, and Teranga and the Supplier shall ensure that no person other than Teranga and its subsidiaries (other than SGML (Capital) Limited which may only hold Project Assets as set out in Section 6.4) hold or acquire any ownership right, as applicable, or title in or to the Project Assets. Subject to the last paragraph of Section 7.3, Teranga shall maintain, or cause to be maintained, the Properties in good standing and, in all material respects, all Approvals related thereto, including without limitation taking all actions necessary, and making such expenditures and investments as are required, to keep its mineral claims, mineral leases, mineral and exploration licenses and other mining rights in good standing. More specifically, Teranga and its subsidiaries shall use all commercially reasonable efforts to fulfill the exploration expenditure commitments, or alternatively receive consents from the applicable Governmental Authorities, required to maintain the maximum validity periods for the Heremakono, Sounkounkou and Branson exploration permits, as described in Schedule B to this Agreement. Notwithstanding the foregoing, this Section 7.1 shall not restrict any leased personal property (provided that the lessee is the Supplier) or personal property that is equipment that is obsolete or no longer in use under the Operating Plan.
Sample 1
Owner of Project Assets. (a) Subject to Sections 6.3 and 6.7 and except as provided in Sections 6.5(b) and 6.8, the Supplier and its subsidiaries that are Hudbay PMPA Entities shall be the only legal and beneficial owners of the Project Assets, and Parent Company and the Supplier shall ensure that no person other than the Supplier and its subsidiaries hold or acquire any ownership right, as applicable, or title in or to the Project Assets. Subject to the last paragraph of Section 6.7, the Supplier shall maintain, or cause to be maintained, the Mining Properties in good standing and, in all material respects, all Approvals related thereto. Notwithstanding the foregoing, this Section 6.5 shall not restrict any leased personal property (provided that the lessee is the Supplier or any of its subsidiaries) or personal property that is equipment that is obsolete or no longer in use under the mine plan.
Sample 1

Related to Owner of Project Assets

  • Property Inspections The Servicer shall conduct property inspections in accordance with the milestones of the repair and rehabilitation plan for such Mortgaged Property and prepare Property Inspection Reports on any Mortgaged Property involving property damage over $15,000. The Servicer shall furnish a copy of the repair and rehabilitation plan for such Mortgaged Property to the Master Servicer upon request.

  • Title to Properties; Possession Under Leases (a) Such Borrower and each of its Subsidiaries have good and marketable title to, or valid leasehold interests in, all its material properties and assets, except for minor defects in title that do not materially interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposes.

  • Title to Properties; Leases Except as indicated on Schedule 7.3 hereto, the Borrower and its Subsidiaries own all of the assets reflected in the consolidated balance sheet of the Borrower and its Subsidiaries as at the Balance Sheet Date or acquired since that date (except property and assets sold or otherwise disposed of in the ordinary course of business since that date), subject to no rights of others, including any mortgages, leases, conditional sales agreements, title retention agreements, liens or other encumbrances except Permitted Liens.

  • Access to Property Borrower shall permit agents, representatives and employees of Lender to inspect the Property or any part thereof at reasonable hours upon reasonable advance notice.

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

  • Access to Properties Subject to the rights of Tenants, Borrower shall permit agents, representatives and employees of Lender to inspect the Properties or any part thereof at reasonable hours upon reasonable advance notice.

  • Property Inspection The Servicer is required to inspect each Delinquent Mortgaged Property at such time and in such manner as is in accordance with Prudent Servicing Practices. The Servicer must prepare a Property Inspection Report following each inspection. All Property Inspection Reports must be retained by the Servicer and copies thereof must be forwarded to the Master Servicer promptly upon request. All expenses related to the foregoing shall be recoverable by the Servicer from the Principal or from Liquidation Proceeds, Insurance Proceeds, payments on the related Mortgage Loan or any other source relating to the related Mortgage Loan or the related Mortgaged Property. The foregoing shall not preclude the Servicer from recovering such expenses from the Borrower to the extent permitted by applicable law and the related Mortgage Loan Documents.

  • Title to Property of the Trust Except as provided in Section 3.8 with respect to the Debentures and the Property Account or as otherwise provided in this Trust Agreement, legal title to all assets of the Trust shall be vested in the Trust. The Holders shall not have legal title to any part of the assets of the Trust, but shall have an undivided beneficial ownership interest in the assets of the Trust.

  • Leases of the Property Borrower shall comply with and observe Borrower's obligations as landlords under any leases of the Property or any part thereof. Borrower shall furnish Ocwen with executed copies of all non-residential leases hereafter made of all or any part of the Property, and all non-residential leases hereafter entered into will be subject to Ocwen's prior written approval, which approval shall not be unreasonably withheld. Borrower shall provide copies of all residential leases to Ocwen within thirty (30) Business Days after Ocwen's request therefore. Unless otherwise directed by Ocwen and except for non-residential leases, all leases of the Property made after the date hereof shall specifically provide that such leases are subordinate to this Instrument; that the tenant attorns to Ocwen or the Ocwen Affiliates, such attornment to be effective upon Ocwen's or the Ocwen Affiliates' acquisition of title to the Property; that the tenant agrees to execute such further evidences of attornment as Ocwen or the Ocwen Affiliates may from time to time request; and that the attornment of the tenant shall not be terminated by foreclosure. In addition, all lessees (other than lessees under residential leases) of all or any part of the Property shall execute a Subordination, Attornment and Non-Disturbance and Estoppel Certificate in substantially the same form attached hereto as Exhibit B or as agreed to by Ocwen or the Ocwen Affiliates. Except for residential leases amended, modified, executed, surrendered, or terminated in the ordinary course of Borrower's business, Borrower shall not, without Ocwen's written consent, which consent shall not be unreasonably withheld, execute, modify, surrender or terminate, either orally or in writing, any lease hereafter made of all or any part of the Property, permit an assignment or sublease of such a lease, or request or consent to the subordination of any lease of all or any part of the Property to any lien subordinate to this Instrument. If Borrower becomes aware that any tenant (other than a residential tenant) proposes to do, or is doing, any act or thing which may give rise to any right to set-off against rent, Borrower shall (a) take such steps as shall be reasonably calculated to prevent the accrual of any right to a set-off against rent, (b) notify Ocwen thereof and of the amount of said set-offs, and (c) within ten days after such accrual, reimburse the tenant who shall have acquired such right to set-off or take such other steps as shall effectively discharge such set-off and as shall assure that rents thereafter due shall continue to be payable without set-off or deduction.

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