Right of Way Interests Sample Clauses

Right of Way Interests. The rights of way, easements, permits, licenses and agreements with Third Parties which provide for the right to maintain the underlying Assets on certain real property, as more particularly described in Schedule 2 - Right of Way Interests (the “Right of Way Interests”).

Right of Way Interests. The Right of Way Interests shall be transferred pursuant to one or more Assignment and Assumption of Right of Way Interests in the form of Exhibit C - Form of Assignment and Assumption of Right of Way Interests (“Assignment and Assumption of Right of Way Interests”).

Right of Way Interests a) Seller is the owner of certain Right-of-Way Interests in real property underlying the Pipeline Interests, but said Right-of-Way Interests may not underlie all of the Pipeline Interests. Seller shall grant to Buyer assignments of the Right-of-Way Interests subject to the aforementioned possible gaps. b) The Right-of-Way Interests being transferred to Buyer herein are more particularly described in Exhibit B hereto. c) Buyer acknowledges that it is receiving from Seller only the interest that Seller has in said Right-of-Way Interests and that Seller has not represented or warranted that it has an interest in the entire length of the real property underlying the Pipeline Interests, provided however, Seller shall take commercially reasonable and diligent steps, as more particularly set out in Section 6(e) and Section 8, to remedy spatial gaps where it has no property rights or undertake Curative Actions where Seller is not otherwise in compliance with the agreements creating the Right-of-Way Interests underlying the Pipeline Interests. d) Buyer and Seller acknowledge that the Right of Way Interests shown in Exhibit B may require consent of the landowner prior to assignment, and that Seller shall use commercially reasonable and diligent efforts to obtain all of said consents. Closing is contingent upon Seller either (i) obtaining the grantor's written consent to Seller's assignment of the right-of-way agreements set forth in Exhibit B, or (ii) Seller completing all required Curative Actions for the Right of Way Interests or (iii) Seller's and Buyer's agreement to proceed to Closing and the pursuit of Curative Actions after Closing, pursuant to Section 8. e) Seller shall use commercially reasonable and diligent efforts to obtain said consents or new or amended right-of-way agreements within 60 days from the day the property files specified in Section 5 (b) are tendered to Buyer. Any payment obligation imposed by any grantor, in order to gain consent, effect an assignment of the Right-of-Way Interests, to replace or amend an existing right-of-way agreement or related to other Curative Actions, will be paid by Seller at the time said payment obligations become due to each applicable grantor, subject, however, to the limitations set forth in Section 8(b).