Principal Properties Clause Samples
The "Principal Properties" clause defines the main assets, items, or interests that are the subject of the agreement. It typically lists or describes the specific properties involved, such as real estate, equipment, intellectual property, or other key assets, ensuring all parties are clear about what is included. By clearly identifying the principal properties, this clause helps prevent misunderstandings or disputes over what is covered by the contract, thereby ensuring clarity and reducing the risk of future disagreements.
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Principal Properties. First, to payment of fees, indemnities, expenses and other amounts, including fees, charges and disbursements of counsel to the Administrative Agent and the Collateral Agent, with respect to the realization on the Principal Properties; Second, to payment of accrued and unpaid interest on the Term Loans, ratably among the Term Lenders in proportion to the respective amounts described in this clause Second payable to them Third, to payment of unpaid principal of the Term Loans ratably among the the Term Lenders in proportion to the respective amounts described in this clause Third held by them; Fourth, to payment of all other Obligations relating solely to the Term Loan ratably among the Term Lenders in proportion to the respective amounts described in this clause Fourth held by them; and Last, the balance, if any, after all of the Obligations have been indefeasibly paid in full, to the Loan Parties or as otherwise required by Applicable Law.
Principal Properties. Cause the Borrower’s direct or indirect interest in each Principal Property to be acquired directly by the Borrower or through a Wholly Owned Subsidiary that holds no other material assets other than such Principal Property and assets relating thereto.
Principal Properties. FIRST, to payment of fees, indemnities, expenses and other amounts, including fees, charges and disbursements of counsel to the Administrative Agent and the Collateral Agent, with respect to the realization on the Principal Properties; SECOND, to payment of accrued and unpaid interest on the Term Loans, ratably among the Term Lenders in proportion to the respective amounts described in this clause SECOND payable to them THIRD, to payment of unpaid principal of the Term Loans ratably among the the Term Lenders in proportion to the respective amounts described in this clause THIRD held by them; FOURTH, to payment of all other Obligations relating solely to the Term Loan ratably among the Term Lenders in proportion to the respective amounts described in this clause FOURTH held by them; and LAST, the balance, if any, after all of the Obligations have been indefeasibly paid in full, to the Loan Parties or as otherwise required by Applicable Law. 121
Principal Properties. The property described in the Mortgage -------------------- to which it is a party describes all of its material mining properties and all related easements, rights and interests necessary for the operation thereof.
Principal Properties. Notwithstanding anything else in this Indenture to the contrary, for so long as any Securities are outstanding, the Company shall not designate as non-Principal Properties any real estate properties owned or leased by the Company and/or its Subsidiaries as of April 5, 2019, including all of the owned real estate properties and real estate leases (whether operating leases, ground leases, or otherwise), set forth on Exhibit A, Exhibit B and Exhibit C to this Third Supplemental Indenture, all of which shall be deemed “Principal Properties”.
Principal Properties. Each Report on Title delivered to the Term Banks pursuant to Clause 2.5 (Initial Conditions Precedent) is accurate in respect of the issues to which it is stated to relate as at the date of such Report on Title.
Principal Properties. 15 Proceeds........................................................... 15