Common use of Special Assets Clause in Contracts

Special Assets. (a) Neither Carlyle 14 nor Carlyle 15 will have any interest in any of the Artwork described on EXHIBIT "B" hereto, any benefits therefrom to accrue to Mxxxxxx Partners; provided that if any such artwork shall hereafter be removed from its present location, Mxxxxxx Partners shall promptly replace any Artwork it causes or permits to be removed with other artwork comparable in size and appearance to that so removed, in compliance with any governmental requirements presently in effect and with all requirements in the Permitted Exceptions, Tenant Leases, Loan Documents and Continuing Contracts (as such terms are defined in that certain Agreement Re: Purchase and Sale of Partnership Interests among Mxxxxxx Partners, Carlyle and Cxxxxxx Properties, Inc. dated June 28, 1985) relating to artworks in or around the Building, and shall promptly restore and finish the Property to first-class condition after any such removal.

Appears in 4 contracts

Samples: Operating Agreement (Carlyle Real Estate LTD Partnership Xiv /Il/), Agreement (Carlyle Real Estate LTD Partnership Xv), Agreement (Carlyle Real Estate LTD Partnership Xv)

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