Possession Use and Release of Property Sample Clauses

Possession Use and Release of Property. Section 3.1.
Sample 1Sample 2
AutoNDA by SimpleDocs
Possession Use and Release of Property. SECTION 6.01. Unless and until one or more of the Events of Default specified in Section 8.01 shall happen and be continuing, the Company shall be suffered and permitted to possess, use and enjoy all the property and appurtenances, franchises and rights mortgaged by this Amended and Restated Mortgage Indenture, except cash and obligations required by any provision of this Amended and Restated Mortgage Indenture to be deposited with the Trustee, and to receive and use the tolls, rents, revenues, issues, income, product and profits thereof, with power in the ordinary course of business, freely and without let or hindrance on the part of the Trustee or the bondholders, to use and consume materials and supplies and, except as herein otherwise expressly provided to the contrary, to deal with choses in action, easements, leases, leasehold interests and contracts, and to exercise the rights and powers conferred upon it thereby, to alter, repair and remove its buildings and structures, to change the position of its pipes, mains, conduits, or other property, to replace and renew any of its equipment, machinery or other property, and to make any lease, or grant or convey any right-of-way, easement or license (but the property so leased and the property over, through or under which any such right-of-way, easement or license shall be so granted or conveyed shall remain subject to the lien of this Amended and Restated Mortgage Indenture to the same extent and in the same manner as it was prior to such lease, grant or conveyance), without the consent of or any release by the Trustee, provided that any such lease, grant, conveyance or other disposition will not be prejudicial to the security of the bonds issued hereunder, and provided further that any lease hereafter made by the Company shall be subject to termination by the Trustee or by any receiver appointed in any action or proceeding for the foreclosure hereof or for the enforcement of the rights of the Trustee or of the bondholders hereunder if, upon the happening of an Event of Default hereunder, the Trustee or such receiver shall have entered upon and taken possession of the mortgaged property.
Sample 1
Possession Use and Release of Property 
Sample 1Sample 2Sample 3See All (5)

Related to Possession Use and Release of Property

  • Release of Property Except as set forth in this Section 2.6, no repayment, prepayment or defeasance of all or any portion of the Loan shall cause, give rise to a right to require, or otherwise result in, the release of the Lien of the Mortgage on the Property.

  • Release of Properties From time to time the Borrower may request, upon not less than 10 days prior written notice to the Administrative Agent (or such shorter period as may be acceptable to the Administrative Agent in its sole discretion), that a Borrowing Base Asset be no longer considered a Borrowing Base Asset, which release (a “Property Release”) shall be effected by the Administrative Agent if the Administrative Agent determines all of the following conditions are satisfied as of the date of such Property Release:

  • Release of Encumbrances The Company shall have filed or recorded (where necessary) and delivered to Buyer all documents necessary to release the Shares and assets of the Company from all Encumbrances (except for Encumbrances permitted under Section 4.9), which documents shall be in a form reasonably satisfactory to Buyer's counsel.

  • Lease of Property Landlord, for and in consideration of the covenants and agreements herein contained on the part of Tenant to be paid, kept, observed, and performed, hereby leases to Tenant, and Tenant hereby leases from Landlord for the Term (as hereinafter defined), the Property. Tenant’s use of the Property shall be in compliance with the terms of this Lease.

  • Release of Individual Property Concurrently with the release of an Individual Property from the Lien of the Mortgage (and related Mortgage Loan Documents) pursuant to Section 2.5.1 of the Mortgage Loan Agreement (a “Release” and such Individual Property, a “Release Property”), Borrower may obtain the release of the related Individual Borrower with an indirect ownership interest in such Individual Property (a “Release Borrower”) and such Release Borrower’s obligations under the Loan Documents with respect to the Release Property (other than those expressly stated to survive), upon the satisfaction of each of the following conditions:

  • Possession of Property Possession of the Property free and clear of all uses and encroachments, except the Permitted Exceptions, shall be delivered to Purchaser at closing.

  • Lease of Property For Lease Term Landlord leases the Property to Tenant and Tenant leases the Property from Landlord for the Lease Term. The Lease Term is for the period stated in Section 1.05 above and shall begin and end on the dates specified in Section 1.05 above, unless the beginning or end of the Lease Term is changed under any provision of this Lease. The "Commencement Date" shall be the date specified in Section 1.05 above for the beginning of the Lease Term, unless advanced or delayed under any provision of this Lease.

  • Partial Release of Collateral Lender hereby releases the following collateral:

  • 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.

  • Operation of Property To continue to operate the Property consistent with past practices.

Time is Money Join Law Insider Premium to draft better contracts faster.