Released Property. 29 Released Unit Ground Interest Portion................................... 29
Released Property. So long as no Default or Event of Default shall have occurred and be continuing or would result therefrom, the Issuer (action on behalf of itself or any Guarantor) shall be entitled to obtain a release of, and the Trustee shall release, Collateral (other than Trust Monies and other than monies and U.S. Government Obligations deposited pursuant to Article 8) specified by the Issuer ("Released Property") provided (i) the fair market value of the Released Property in any single transaction, or series of related transactions, shall not exceed $1,000,000, and (ii) prior to granting such release, the Issuer shall provide the Trustee with the following:
(i) an Issuer Order requesting release of Released Property, such Issuer Order (A) specifically describing the proposed Released Property, (B) specifying the fair market value of such Released Property on a date within 60 days of the Issuer Order, (C) stating that the release of such Released Property will not interfere with or impede the Trustee's ability to realize the value of the remaining Collateral and will not impair the maintenance and operation of the remaining Collateral and (D) stating that the fair market value of such Released Property does not exceed $1,000,000;
(ii) an Officers' Certificate certifying that no Default or Event of Default has occurred and is continuing or will occur as a result of the release of the Released Property, and all conditions precedent to such release have been complied with; and
(iii) all documentation required by the TIA (including, without limitation, TIA Section 314(d)), if any, prior to the release of the Released Property by the Trustee. Upon compliance by the Issuer with the conditions precedent set forth above, the Trustee shall cause to be released and reconveyed to the Issuer without recourse the aforementioned items of Collateral by executing a release in the form provided by the Issuer.
Released Property. The Company shall be entitled to obtain a release of items of Collateral that upon such release will constitute the Released Property upon compliance with the condition precedent that the Company shall have delivered to the Trustee the following:
(i) Company Order. A Company Order requesting release of such Collateral, such Company Order (A) specifically describing the proposed Collateral to be released, (B) stating that such Collateral is not used or necessary in the ordinary course of business of the Company or any of its Recourse Subsidiaries, (C) stating that such Collateral will, upon such release, meet the definition of Released Property and (D) confirming the Company's intention to contribute such Collateral to a Non-Recourse Subsidiary in exchange for an equity interest therein;
Released Property. All portions of the Premises remaining subject to this Lease after any release under SECTION 5.1(a) or (b) shall be configured in reasonably compact and contiguous units, comprised of whole sections, substantially in the shape of a square or a rectangle whose length is no more than three (3) times its width. Tectonic shall deliver to Xxxxx such document or documents, duly executed in recordable form, as Xxxxx shall request to evidence termination of this Lease with respect to released portions of the Premises. Xxxxx, in its sole discretion, may make any decision regarding disposition of those portions of the Premises released by Tectonic from this Lease; provided, that Tectonic shall continue to have the access rights to the retained portions of the Premises as provided in SECTIONS 2.4(a), 5.1(b) and 6.9.
Released Property. The Company covenants and agrees that since the date of the Nineteenth Supplemental Indenture no real estate or interest therein has been taken by exercise of the right of eminent domain or released from the Indenture or subjected to any easement which has not been terminated of record except as listed on the "Schedule of Released Property" attached hereto as Schedule II.
Released Property. So long as no Default or Event of Default shall have occurred and be continuing or would result therefrom, the Company (acting on behalf of itself or any Subsidiary Guarantor) shall be entitled to obtain a release of, and the Trustee shall release, Collateral (other than Trust Monies and other than monies and U.S. Government Obligations deposited pursuant to Article 8 or Article 14) specified by the Company ("RELEASED PROPERTY") provided (i) the fair market value of the Released Property in any single transaction, or series of
Released Property. Real Estate that is included in the Collateral as to which the lien held by the Bank is released by the Bank at the request or with the consent of the Borrower. River Bend. River Bend Associates, Inc., a Connecticut corporation and wholly-owned Subsidiary of the Borrower. XXXX. See §7.15(a).
Released Property. The parties acknowledge their intent that, at the time of City’s conveyance of Lot 3 to Developer, Lot 3 was deemed to be a part of the Released Property and continued to be subject to the DDA. The Development Agreement is hereby amended such that all references to “Property” shall mean and refer solely to the Released Property, which includes Xxx 0, Xxxx 000 Xxxxxxx Xxxx recorded in Book 949, Page 48 in the Official Records of Maricopa County, Arizona. For purposes of this Amendment, Lot 3 is hereafter referred to as the “RSDP Property”, and Lots 1, 5 and 6 are hereafter referred to as the “Xxxxx Property”.
Released Property. The property released from the Indenture of Mortgage and Deed of Trust from CL&P to Bankers Trust Company, Trustee dated as of May 1, 1921, as amended and supplemented, consists of:
1. The parcel of land shown on the Map as Parcel 2, containing 69.42 acres, more or less, situated on Reserve Road and Maxim Road in the City and County of Hartford, State of Connecticut, more particularly described in Schedule A attached hereto and made a part hereof (the "Land"), together with the permanent rights appurtenant to the Land which are also set forth in Schedule A (the "CRRA Easements").
2. The parcel of land shown on the Map as Parcel 3 containing ______ acres, more or less, situated on Reserve Road in said Hartford, more particularly described in Schedule B attached hereto and made a part hereof.
3. All buildings, structures (including all fuel handling and storage facilities), machinery and equipment, fixtures and construction in progress, including all piping, cables and similar equipment, forming part of the mechanical, electrical, plumbing or HVAC infrastructure of any building, structure or equipment, and including all generating units, located on and affixed to the Land, but excluding the Excluded Assets.
Released Property. The Issuer shall furnish the Trustee, with respect to a Series of Bonds, a certificate or opinion of an Accountant, appraiser, or other expert as to the fair value of any Certificates, securities, cash or other property to be released from the lien of the Indenture (the "Released Property"), which certificate or opinion shall state that in the opinion of the person making the same the proposed release will not impair the security of the Bonds of such Series under the Indenture in contravention of the provisions hereof. If, with respect to a Series of Bonds, the fair value of such Released Property and all other Released Property released since the commencement of the calendar year in which such certificate or opinion is given, as set forth in such certificate or opinion, is 10 percent or more of the Aggregate Current Principal Amount of the Bonds of such Series, then such certificate or opinion shall be made by an Independent 153 Accountant, appraiser, or other expert. However, such a certificate or opinion of an Independent Accountant, appraiser, or other expert shall not be required in the case of any Released Property, if the fair value thereof as set forth in the certificate or opinion required by this Subsection is less than $25,000 or less than 1 percent of the Aggregate Current Principal Amount of the Bonds of such Series.
