Property Acquisitions. System Agency funds must not be used to purchase buildings or real property. Any costs related to the initial acquisition of the buildings or real property are not allowable.
Property Acquisitions. Prepare right-of-way/easement tract maps and descriptions as required in clearly drawn detail and with sufficient reference to certificate of title descriptions. ENGINEER will perform all necessary survey work associated with marking the additional right-of-way or easements. This shall include the permanent monumentation of new corners for any additional right-of-way and a one-time marking of all the right-of-way for utility relo- cations at a time directed by the CITY. The ENGINEER shall perform all necessary title work and sufficient research for determination of current right-of-way and easements.
Property Acquisitions. Broker shall attempt to locate real estate assets suitable for purchase by the Trust within the parameters set forth by the Trust from time to time.
Property Acquisitions. Department funds must not be used to purchase buildings or real property. Any costs related to the initial acquisition of the buildings or real property are not allowable.
Property Acquisitions. Borrower shall not be permitted to make or commit to make additional property acquisitions without the prior written consent of the Agent.
Property Acquisitions. County funds must not be used to purchase buildings or real property. Any costs related to the initial acquisition of the buildings or real property are not allowable.
Property Acquisitions. Following a reasonable request from Administrative Agent, Borrower shall promptly upon a material acquisition of any Oil and Gas Properties grant Lenders a mortgage lien and/or security interest in any such Oil and Gas Properties.
Property Acquisitions. The Trust shall, at any other time that it acquires property with respect to which it must make allocations for United States federal income tax purposes pursuant to Section 704(c) of the Internal Revenue Code, make such allocations using remedial allocations within the meaning of United States Treasury Regulation Section 1.704-3(d) or any other method selected by the Tax Matters Partner in its sole discretion.
Property Acquisitions notify the Agent in writing forthwith upon the acquisition by it from time to time of any freehold or leasehold property and, without prejudice to the provisions of Clause 9.1, on demand made to it by the Agent and at the cost of the Chargor, execute and deliver to the Agent a legal mortgage (the terms of which shall be no more onerous that the terms contained in this Debenture) in favour of the Agent of any freehold and leasehold properties which become vested in it after the date of this Debenture and all fixtures thereon to secure the payment and discharge of the Secured Obligations in such form as the Agent may require and, in the case of any leasehold property where the consent of any landlord needs to be obtained in order for the Chargor to execute any such legal mortgage, exercise all reasonable endeavours to obtain such consent and comply with its obligations under this Clause 4.1(g) forthwith upon such consent being obtained;
Property Acquisitions a. Any interest or right to acquire any interest in real property (including royalty interests) within the Area of Interest acquired during the term of this Agreement or of the Joint Venture Agreement (during or following Golden Aria’ earn-in period) by or on behalf of either Party, or any Affiliate, shall be subject to the right of the other Party to make such acquired interests or rights subject to this Agreement or the Joint Venture Agreement, as the case may be, within a thirty (30) day election notice provision. The election by such other Party shall be subject to payment by such Party of a portion of the acquisition costs in proportion to its Participating Interest (except to the extent such acquisition costs, if incurred by Golden Aria, are included as part of Golden Aria’ Earn-In Obligation). Any interest or right acquired by the Operator within the Area of Interest pursuant to an approved Program and Budget shall automatically become subject to the Joint Venture Agreement.
b. If any Property or rights are abandoned by the Parties, any re-acquisition of such abandoned Property or rights shall be subject to the provision of Section 3.12(a)
c. The rights and obligations of the Parties under this Section 3.12 shall terminate upon termination of this Agreement. However, if Golden Aria terminates the Agreement through election or default prior to fulfilling its Earn-In Obligation, Golden Aria or any Affiliate of Golden Aria shall not acquire any interest or rights within the Area of Interest for a period of one (1) year from the date of Golden Aria’ termination.
