Return of Undivided Interest Sample Clauses

Return of Undivided Interest. Unless the Undivided Interest shall have been transferred to the Lessee pursuant to this Lease, the Lessee, at its own expense, shall, subject to the terms and conditions of the Operating Agreement and the Agency and Support Agreement, relinquish possession and use of the Undivided Interest to the Lessor or to any transferee or assignee of the Lessor upon the expiration or termination of the Lease Term by surrendering the same to the Lessor or such transferee or assignee at the respective locations of the Major Components thereof. Upon the return of the Undivided Interest pursuant to this Section 8.1, (x) the Production System shall be (i) if Enserch Exploration or any of its Affiliates is then the Operator or the operator of the Production System, in at least as good condition as required by Section 11.1 or (ii) if neither Enserch Exploration nor any of its Affiliates is then the Operator or the operator of the Production System, in at least as good condition as the Production System would be if it were maintained by a prudent operator which is in the business of maintaining and operating facilities similar to the Production System (which operator does not discriminate in such maintenance based on the leased status of the Production System or otherwise (including, without limitation, any discrimination with respect to the installation of Modifications required by Governmental Rules that may be phased in over a period of time that commences prior to and extends beyond the end of the Lease Term)), in compliance in all material respects with all then applicable Governmental Rules (including, without limitation, all Environmental Laws) and in such condition as will entitle the Platform to the same classification and rating from the (1) a report of an engineer selected by the Lessee and reasonably acceptable to the Lessor certifying that the Undivided Interest is in the condition and state of repair and maintenance required by all then applicable Governmental Rules, together with such inspection reports, tests, and other data reasonably adequate to substantiate the conclusion reached in such report, or, if the Undivided Interest is not in the condition and state of repair and maintenance required by all then applicable Governmental Rules, such engineer shall provide a list of any discrepancies in such condition, and the Lessee, at its sole cost and expense, shall cause any such discrepancies to be fully corrected prior to the return of the Undivided Interest, ...
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Return of Undivided Interest. Return. Upon expiration or early termination of this Facility Lease (other than a termination pursuant to Section 10 or, if the Unit Interest is being transferred to the Facility Lessee, Section 13), the Facility Lessee, at its own expense, shall return the Undivided Interest (together with the undivided interest in all Modifications to such Unit and the allocable portion of the undivided interest in all Modifications to the Related Common Facilities, that, in either case, shall have vested in the Owner Lessor pursuant to the first sentence of Section 8.3) to the Owner Lessor or any permitted transferee or assignee of the Owner Lessor by surrendering the Undivided Interest into the possession of the Owner Lessor or such transferee or assignee at the location of such Unit on the Related Site. In connection with such return, the Facility Lessee shall (a) assign, to the extent permitted by Applicable Law, a corresponding undivided interest in, and shall cooperate with all reasonable requests of the Owner Participant, the Owner Lessor or a permitted transferee or assignee of either of such parties for purposes of obtaining, or enabling the Owner Participant, the Owner Lessor or such transferees or assignees to obtain, any and all licenses, permits, approvals and consents of any Governmental Entities or other Persons that are or will be required to be obtained by the Owner Participant, the Owner Lessor or such transferee or assignee in connection with the use, operation or maintenance of such Unit and the Related Common Facilities on or after such return in compliance with the Project Agreements and Applicable Law; and (b) provide the Owner Lessor or a permitted transferee or assignee of Owner Lessor copies of all documents, instruments, plans, maps, specifications, manuals, drawings and other documentary materials relating to the installation, maintenance, operation, construction, design, modification and repair of such Unit and the Related Common Facilities, as shall be in the Facility Lessee's possession and shall be reasonably appropriate or necessary for the continued operation of such Unit. Upon such return, the right to use the Undivided Interest granted hereunder for the benefit of the Facility Lessee shall cease and terminate.
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Return of Undivided Interest. Upon termination of this Head Lease pursuant to Section 10.2 or, subject to Section 10.1, on the last day of the Head Lease Term, the Head Lessee shall return the Undivided Interest by delivering constructive possession of the same to the Head Lessor as is and where is without representation or warranty other than that the Undivided Interest is free and clear of all Sublessor's Liens, without any other liability or cost to the Head Lessee. The obligations of the Head Lessee under this Section 6 shall survive termination of this Head Lease.
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Return of Undivided Interest. 9 Section 5.1. Return.................................................................................. 10 Section 5.2. Condition Upon Return................................................................... 10 Section 5.3. Payments in Connection with Rejectable Offers........................................... 14 Section 5.4. Expenses................................................................................ 15 SECTION 6. LIENS............................................................................................ 15
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Return of Undivided Interest. XXXXXXXXX FACILITY LEASE (L1) -----------------------------
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Return of Undivided Interest. 9 Section 5.1. Return...................................................... 9 Section 5.2. Condition Upon Return....................................... 10 Section 5.3. Expenses.................................................... 13 SECTION 6. LIENS............................................................... 13 SECTION 7. MAINTENANCE; REPLACEMENTS OF COMPONENTS............................. 13 Section 7.1. Maintenance................................................. 13 Section 7.2. Replacement of Components................................... 14 Section 7.3. Environmental Matters....................................... 15
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Return of Undivided Interest. Section 5.1. Return. Upon expiration of the Facility Lease Term (or earlier than such date if required pursuant to the provisions of this Facility Lease) (the "Date of Return"), unless the Undivided Interest is being -------------- transferred to the Facility Lessee (or its designee) pursuant to Section 10 or ------------- 13, the Facility Lessee shall return the Undivided Interest (together with all -- Required Improvements, all Non-Severable Improvements, all other Improvements financed through this Facility Lease, if any, all logs and records relating to the Undivided Interest title to each of which shall vest in the Owner Lessor) to the Owner Lessor or any designee or transferee of the Owner Lessor by surrendering the Undivided Interest into the possession of the Owner Lessor or such designee or transferee at the location of the Facility on the Facility Site.
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Return of Undivided Interest 
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Related to Return of Undivided Interest

  • Percentage Interest Ownership of the Company shall be divided into, represented by, and each Member’s Percentage Interest shall be expressed in Units of the Company. The name, address, Units and Percentage Interest of each Member are set forth on Exhibit “A” attached hereto, which may be amended from time to time as necessary to reflect changes in the Percentage Interests and Units held by the Members.

  • Late Payment Interest ‌ If the Customer fails to make payment by the agreed time, the Contractor shall be entitled to claim interest on any overdue amount, pursuant to the Act No. 100 of 17 December 1976 relating to Interest on Overdue Payments, etc. (Late Payment Interest Act).

  • Membership Fee Program Member agrees to and shall pay the Member Amenities Fee as provided in the Membership Agreement. Unless this Agreement is not renewed, as provided in Section 4 (above), subsequently, the Program Member will be billed for the Member Amenities Fee for each Renewal Year prior to the beginning of each Renewal Year, and the Program Member agrees to pay the invoiced Member Amenities Fee within 30 days after the date of the invoice. In order to facilitate the administration of the Personalized Care Practice and the Program Services, Personalized Care Practice hereby appoints Signature MD, Inc. to perform all billing and collections functions associated with the Member Amenities Fee (but not for medical services covered under any insurance contract, including Medicare). Accordingly, Program Member agrees to submit all payments of Member Amenities Fees to Signature MD, Inc., as follows: Signature MD, Inc., 0000 Xxxxxxxxx Xxx, Xxxxx 000 Xxxxxx xxx Xxx, XX 00000 / (000) 000-0000 / xxx.xxxxxxxxxXX.xxx Any checks for payment of the Member Amenities Fees shall be made payable to, and any credit card payments shall be processed by, Signature MD, Inc.

  • Minimum Interest In no event shall the rate of interest chargeable hereunder for any day be less than 7.0% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate.

  • Membership Interest The Member shall own one hundred percent (100%) of the membership interests in the LLC, and all profits and losses shall be allocated to the Member.

  • Percentage Interests If the number of outstanding Partnership Units increases or decreases during a taxable year, each Partner’s Percentage Interest shall be adjusted by the General Partner effective as of the effective date of each such increase or decrease to a percentage equal to the number of Partnership Units held by such Partner divided by the aggregate number of Partnership Units outstanding after giving effect to such increase or decrease. If the Partners’ Percentage Interests are adjusted pursuant to this Section 4.6, the Profits and Losses for the taxable year in which the adjustment occurs shall be allocated between the part of the year ending on the day when the adjustment occurs and the part of the year beginning on the following day either (i) as if the taxable year had ended on the date of the adjustment or (ii) based on the number of days in each part. The General Partner, in its sole and absolute discretion, shall determine which method shall be used to allocate Profits and Losses for the taxable year in which the adjustment occurs. The allocation of Profits and Losses for the earlier part of the year shall be based on the Percentage Interests before adjustment, and the allocation of Profits and Losses for the later part shall be based on the adjusted Percentage Interests.

  • Calculation of Number and Percentage of Beneficial Ownership of Outstanding Voting Shares For purposes of this Agreement, the percentage of Voting Shares Beneficially Owned by any Person, shall be and be deemed to be the product (expressed as a percentage) determined by the formula: 100 x A/B where: A = the number of votes for the election of all directors generally attaching to the Voting Shares Beneficially Owned by such Person; and B = the number of votes for the election of all directors generally attaching to all outstanding Voting Shares. Where any Person is deemed to Beneficially Own unissued Voting Shares, such Voting Shares shall be deemed to be outstanding for the purpose of calculating the percentage of Voting Shares Beneficially Owned by such Person.

  • Certificate of Limited Liability Company Interest A Member’s limited liability company interest may be evidenced by a certificate of limited liability company interest executed by the Manager or an officer in such form as the Manager may approve; provided that such certificate of limited liability company interest shall not bear a legend that causes such limited liability company interest to constitute a security under Article 8 (including Section 8-103) of the Uniform Commercial Code as enacted and in effect in the State of Delaware, or the corresponding statute of any other applicable jurisdiction.

  • Common Interest All information exchanged between the Parties or between the Parties’ outside patent counsel regarding Prosecution of the Acceleron Patent Rights or Joint Patent Rights shall be deemed Confidential Information. In addition, the Parties acknowledge and agree that, with regard to such Prosecution of the Acceleron Patent Rights or Joint Patent Rights, the interests of the Parties as licensor and licensee are to obtain the strongest patent protection possible, and, as such, are aligned and are legal in nature. The Parties agree and acknowledge that they have not waived, and nothing in this Agreement constitutes a waiver of, any legal privilege concerning the Acceleron Patent Rights or Joint Patent Rights, including privilege under the common interest doctrine and similar or related doctrines.

  • Interest Amount Unless otherwise specified in Paragraph 11(f)(iii), the Transferee will transfer to the Transferor at the times specified in Paragraph 11(f)(ii) the relevant Interest Amount to the extent that a Delivery Amount would not be created or increased by the transfer, as calculated by the Valuation Agent (and the date of calculation will be deemed a Valuation Date for this purpose).

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