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any leased personal property (provided that the lessee is the Seller) or personal property that is equipment that is obsolete or no longer in use under the Operating Plan.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 and Section 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any leased personal property (provided that the lessee is the Owner) or personal property that is equipment that is obsolete or no longer in use under the mine plan.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. (b) Pursuant to the Bishopsgate Option Agreement, Bishopsgate Exploration Ltd. beneficially owns certain of the Mining Properties in respect of which the Supplier or its subsidiaries has an interest. Bishopsgate Exploration Ltd., or any other person to whom it may Transfer the Mining Properties that are the subject of the Bishopsgate Option Agreement, may become the sole legal and beneficial owner of such Mining Properties following the termination without exercise of such option, the discretion of which to so exercise or terminate such option being that of the Hudbay PMPA Entity a party thereto, in its sole discretion, acting commercially reasonably.
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) Each of the Borrower and the Subsidiaries has valid title in fee simple or equivalent to, or valid leasehold interests in, or easements or other limited property interests in, all its Real Properties (including all Mortgaged Properties) and has valid title to its personal property and assets, in each case, except for Permitted Liens and except for 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 and except where the failure to have such title would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. All such properties and assets are free and clear of Liens, other than Permitted Liens or Liens arising by operation of law. The Equity Interests of the Borrower owned by Holdings (prior to a Qualified IPO) are free and clear of Liens, other than Liens permitted by Article VIA. (b) The Borrower and each of the Subsidiaries has complied with all material obligations under all leases to which it is a party, except where the failure to comply would not reasonably be expected to have Material Adverse Effect, and all such leases are in full force and effect, except leases in respect of which the failure to be in full force and effect would not reasonably be expected to have a Material Adverse Effect. (c) As of the Closing Date, none of the Borrower and the Subsidiaries has received any written notice of any pending or contemplated condemnation proceeding affecting any material portion of the Mortgaged Properties or any sale or disposition thereof in lieu of condemnation that remains unresolved as of the Closing Date, except as set forth on Schedule 3.07(c). (d) As of the Closing Date, none of the Borrower and its Subsidiaries is obligated under any right of first refusal, option or other contractual right to sell, assign or otherwise Dispose of any Mortgaged Property or any interest therein, except as permitted under Section 6.02 or 6.05 or as would not reasonably be expected to have a Material Adverse Effect. (e) Schedule 1.01(E) lists each Material Real Property owned by any Loan Party as of the Closing Date.

  • Access to Project Site Redeveloper shall permit the representatives of the City to enter Project Site at any and all reasonable times, as the City may deem necessary for the purposes of this Redevelopment Agreement, including but not limited to work and inspection of all work being performed in connection with the construction of the Redeveloper Improvements. Similarly, the City shall permit Redeveloper such entry upon the public rights of way for such purposes. No compensation shall be payable nor shall any charges be made in any form by any party for the access or inspection provided for in this Section. The City’s right of access granted under this Section shall terminate upon issuance by the City of the Redeveloper’s Certificate of Completion of Redeveloper Improvements. Notwithstanding the above, Redeveloper shall not be relieved of the provisions contained in Chapter 14.29 of the Lincoln Municipal Code regarding the use of streets for private construction purposes.

  • Project Site The “Project Site” is the place where the Work is being carried on.

  • 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.

  • Access to Property, Property’s Management, Property Lender, and Property Tenants Potential Investor agrees to not seek to gain access to any non-public areas of the Property or communicate with Property’s management employees, the holder of any financing encumbering the Property, the Property’s tenants, and the Owner’s partners in the ownership of the Property, without the prior consent of Owner or JLL, which consent may be withheld in the Owner’s sole discretion.

  • The Property The Landlord agrees to lease the described property below to the Tenant: (enter the property information) Mailing Address: [PROPERTY MAILING ADDRESS] Residence Type: ☐ Apartment ☐ House ☐ Condo ☐ Other: [OTHER] Bedroom(s): [# OF BEDROOMS] Bathroom(s): [# OF BATHROOMS] The aforementioned property shall be leased wholly by the Tenant (“Premises”).

  • 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.

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