Reciprocal Easements. The Parties acknowledge and agree that the Treasure Island Property and the adjoining real property owned by Seller currently have certain shared uses (the “Shared Uses”), including without limitation certain shared uses related to the Joint Valet Garage and the Joint Employee Garage. The Parties further acknowledge and agree that it will be mutually beneficial for the existing Shared Uses to continue following the Subdivision, conveyance of the Treasure Island Property to the Company, and the Closing. To provide legal rights respecting the Shared Uses following the Closing, the Parties desire to enter into a reciprocal easement agreement (“REA”) to provide for the granting of certain reciprocal easements and to address certain related matters. The Parties hereby agree that they will each exercise their best efforts to negotiate and finalize, as soon as reasonably practicable, a mutually-agreeable REA that will set forth terms and conditions under which the Shared Uses will be memorialized under that REA between the Company and the Seller that shall run with the land and be binding on successor owners of the Treasure Island Property, the Joint Valet Parcel, the Joint Employee Real Property and the Mirage Property. The final REA will be negotiated between Seller and Purchaser and approved by each in its reasonable discretion, executed by Seller and the Company, and shall be consistent with the binding REA term sheet attached hereto and incorporated herein as Exhibit C (the “REA Term Sheet”). The final REA shall be recorded in the Official Records prior to or at Closing and concurrently with recordation of the Deed (or concurrently with the commencement of the Replacement Ground Lease if applicable), provided that in the event the final REA has not been mutually agreed upon on the Closing Date, the Parties agree that each Party shall be authorized at such time to record a memorandum of agreement, attaching thereto the REA Term Sheet, in the Official Records, and the Parties shall thereafter continue to exercise Commercially Reasonable Efforts to reach agreement on the final REA, which shall be recorded once such agreement is reached. The provisions of this Section 6.23 shall survive the Closing.
Reciprocal Easements. KENSTAL shall convey to SSD the easement described in Exhibit B. SSD shall assign to KENSTAL, rights of access under the BLM/Wilderness Land Lease Agreement, attached as exhibit C.
Reciprocal Easements. Sublessor's Grant of Easement ----------------------------- Sublessor grants to Sublessee for the term of this Sublease and all extensions thereof, a nonexclusive easement for ingress, egress and passage, both vehicular and pedestrian, and vehicle parking, in the respective areas from time to time established therefor, including any and all service roads, driveways, driveway entrances and exits, vehicle approaches, sidewalks, pedestrian walkways and vehicle parking areas, which now are or hereafter may be located on Parcels 1, 2, and 4 as shown on Exhibit "A". Sublessee shall have the right to extend the benefit of the foregoing easement to its employees, suppliers, customers, invitees, assigns, tenants, predecessors in interest, and licensees during the term of this Sublease.
Reciprocal Easements. There shall be reciprocal appurtenant easements between each Lot and the portion or portions of the Common Area adjacent thereto, or between adjacent Lots, or both, for (i) encroachments caused by footers and xxxxx of any Dwelling over the side, front or rear lot line of any Lot, provided that no such encroachment shall be greater than two feet (2') or shall interfere with any utilities installations upon the Lot which is encroached upon, (ii) encroachments caused by the unwillful placement, settling, or shifting of any improvements constructed, reconstructed or altered thereon in accordance with the terms of this Declaration; (iii) access to, maintenance and repair of utility facilities serving more than one Lot, and (iv) access to an adjacent Lot as reasonably required in order to complete construction of and maintain a Dwelling on any Lot, provided that this construction and maintenance easement shall not apply to any portion of a Lot on which a Dwelling or any portion thereof is already erected. Without limiting the generality of the foregoing, in the event an electrical meter, electrical apparatus, CATV cable or other utilities apparatus is installed within a Lot and serves more than such Lot, the Owners of the other Lot(s) served thereby shall have an easement for access to inspect and repair such apparatus, provided that such easement rights shall be exercised in a reasonable manner and the Owner of the Lot encumbered by the easement shall be reimbursed for any significant physical damage to his Lot as a result of such exercise.
Reciprocal Easements. A. The Forest Service agrees to grant, and agrees to accept, a Forest Road [or Private Road if the road is not a National Forest System road] easement issued under the authority of the Federal Land Policy and Management Act of 1976 (FLPMA, P.L. 94- 579, 10/21/1976), for private use of _ Road No. across approximately
B. In reciprocity, agrees to grant to the United States, and the Forest Service agrees to accept, a perpetual USDA road easement on Road No. across approximately feet/miles of private lands. The easement will be substantially in the form and content of the attached Exhibit C.
Reciprocal Easements. If there are any reciprocal easement agreements or similar agreements affecting the Property and adjoining property or properties, Seller agrees to obtain from the owner(s) of such adjacent property or properties a statement (the "Reciprocal Easement Estoppel") reasonably satisfactory to Buyer that there are no defaults by Seller thereunder and that the easements are in full force and effect.
Reciprocal Easements. Borrower shall deliver to Lender, for Lender’s review and approval, in Lender’s reasonable discretion: (i) a plan of subdivision and declaration of reciprocal easements for party wall rights, access, ingress, egress, support, encroachment, utilities, common usage, and such other matters for all portions of the Property, as Lender shall deem necessary or desirable, in Lender’s reasonable discretion; and (ii) evidence that said plan of subdivision complies with all requirements of Law.
Reciprocal Easements. Tenant shall have the right to create and file for record such reciprocal easements and joint user agreements with respect to all or part of the Premises, or any portions thereof, which may provide (without limitation) for the joint use, replacement, maintenance and repair of parking areas, driveways, walks, and similar Improvements, the installation, maintenance and repair of utility lines and facilities, and sanitary and storm sewer lines, drains and facilities, the, ingress and egress by vehicular and pedestrian traffic and such other matters as Tenant may deem necessary or desirable from time to time for the optimal development, redevelopment, use, occupancy, management, operation, maintenance, repair and replacement of the Premises. Landlord shall from time to time execute and join in such documents and instruments as Tenant may request to grant, create and evidence any of the foregoing easements and agreements, at Tenant's election, any such easements or agreements shall run with the land. This Lease shall be subordinated to any such easements or agreements which Landlord has approved which approval shall not be unreasonably withheld.
Reciprocal Easements. SECTION 3.1.
Reciprocal Easements. The Units share a common party wall, the centerline of which is located on the common boundary line of Lot 15W and Lot 15E. Each Owner shall have a perpetual reciprocal easement in and to that part of the other Owner’s Lot on which the party wall is located, for party wall purposes, including maintenance, repair, and inspection; neither Owner shall alter or change the party wall in any manner, interior decoration excepted, and the party wall shall always remain in the same location as when erected. Either Owner shall have the right to break through the party wall for the purpose of repairing or restoring sewer, water, utilities, etc., subject to the obligation to restore said wall to its previous structural condition, at his own expense and to pay the other Owner for any damage caused thereby. Either Owner shall have the right to make use of the party wall provided such use shall not impair the structural support of the party wall. The costs of maintaining the party wall shall be borne equally by the Owners of both Lots.
