SUBMISSION OF PROPERTY Sample Clauses

SUBMISSION OF PROPERTY. The Declarant hereby submits its leasehold interest in the land located in Portsmouth, Rockingham County, New Hampshire and more particularly described in Exhibit A attached hereto (hereinafter referred to as the “Land”), all improvements heretofore or hereafter constructed thereon, and all easements, rights and appurtenances thereto described in Exhibit A (hereinafter, together with the Land, referred to as the “Property”) to the provisions of the Condominium Act of the State of New Hampshire, Chapter 356-B of the Revised Statutes Annotated (hereinafter referred to as the “Act” or the “Condominium Act”), in order to create a condominium with respect to the Property for a term of years ending on the Termination Date (as hereinafter defined).
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SUBMISSION OF PROPERTY. Declarant hereby submits the Property (as hereinafter defined) to the provisions of Article 9-B of the Real Property Law of the State of New York (as heretofore amended, and as the same may hereafter be amended from time to time, the "CONDOMINIUM LAW") and, pursuant thereto, does hereby establish a leasehold condominium to be known as The New York Times Building Condominium.
Sample 1
SUBMISSION OF PROPERTY. The Declarant hereby submits: (i) the land owned by Declarant in fee simple absolute and described on Exhibit A annexed hereto and made part hereof (hereinafter called the “Land”); (ii) the building and improvements erected on the Land (hereinafter called the “Building”); and (iii) all other easements, rights and appurtenances belonging to the foregoing, and all other property, personal or mixed, owned by the Declarant and intended for use in connection therewith (the Land, the Building and said easements, rights, appurtenances and other property hereinafter collectively called the “Property”), to the provisions of Article 9-B of the Real Property Law of the State of New York (as the same may hereafter be amended from time to time, the “New York Condominium Act”). This Declaration is subject to the Underlying Agreements (as defined in Section 7(a) hereof). As used herein, (i) “By-Laws” shall mean the By-Laws annexed hereto as Exhibit K and made a part hereof, (ii) “Rules and Regulations” shall have the meaning set forth in Section 18 hereof, and (iii) “Condominium Documents” shall mean, collectively, this Declaration, the By-Laws, the Rules and Regulations, and the Floor Plans (as hereinafter defined).
Sample 1
SUBMISSION OF PROPERTY. 1. It is the intention of this Declaration that the covenants and restrictions contained herein shall encumber and bind only those portions of the Property that have been submitted hereto by the act of Declarant. a) Common Areas shall be submitted to this Declaration by and upon the conveyance thereof by Declarant tot the Association. Thereafter, the Common Area conveyed to the Association shall be held, transferred, sold, conveyed, managed and occupied subject to the covenants, restrictions and provision of the Declaration. b) Residential Areas shall be submitted to this Declaration by Declarant by the recording in the Office for the Recording of Deeds in and for Lehigh County of a “Notice of Submission”. Each Notice of Submission shall contain a metes and bounds description of the portion of Residential Area being submitted, a statement of the number of lots contained herein, and a statement that the property therein described is submitted to this Declaration. Thereafter, that portion of the Residential Area shall be held, transferred, sold, conveyed, managed and occupied subject to the covenants, restrictions and provisions of this Declaration. c) The decision to convey Common Area to the Association and the decision to submit Residential Area to the Declaration shall be made solely by, and at the sole discretion of, the Declarant.
Sample 1
SUBMISSION OF PROPERTY. The Declarant hereby submits the land described on Exhibit A attached hereto and made part hereof (hereinafter called the "Land"), together with the building and improvements thereon erected (hereinafter called the "Building"), owned by the Declarant in fee simple absolute and all other easements, rights and appurtenances belonging thereto, and all other property, personal or mixed, intended for use in connection therewith (the Land, the Building and said easements, rights, appurtenances and other property hereinafter collectively called the "Property"), to the provisions of Article 9-B of the Real Property Law of the State of New York (the "New York Condominium Act"), subject to the exceptions to title set forth on Schedule I attached hereto and made part hereof.
Sample 1
SUBMISSION OF PROPERTY. The Sponsor hereby confirms and ratifies its previous submission of, and hereby resubmits, the land hereinafter described, together with the buildings and improvement thereon erected (hereinafter called the "Property"), to the provisions of the Condominium Act of the Virgin Islands: ALL those certain lots, pieces or parcels of land situate, lying and being in St. Xxxxxx, Virgin Islands, United States of America, and described as follows, to wit: Parcels Nos. 59-1C-2 and 59-D Estate Bolongo, No.3 Frenchman's Bay Quarter, St. Xxxxxx, U.S. Virgin Islands, and more particularly as shown on a drawing of said parcels prepared by Xxxxxxx X. Xxxx, Licensed Surveyor, dated January 10, 1983, and having P.W.D. No. D9-2263-T83 described as follows: Parcel Xx. 00-0X-0 XXXX Xxxxx Xx. 00, said point being located at the P.C. of a curve to the Left, on the Southerly line of Parcel No. 59-1C-1, as shown on P.W.D. Map No. A9-217-T74, said point also being on the Southwest tangent line of the Remainder of Parcel No. 59-1C, as shown on P.W.D. Maps No. C9-155-T72 and A9-185-T72; run thence Southeasterly S 70°-00'-00" E, passing along said Southwesterly tangent line of the Remainder of Parcel No. 59-1C, for a distance of 12.831 Ft. to Point No. 224, said point being the Point of BEGINNING, of the Parcel No. 59-1C-2 herein described; the line runs: Thence (1) Northerly N 01°-06'-41" E, passing thru the Remainder of Parcel No. 59-1C as shown on P.W.D. Maps No. C9-155-T72 and A9-185-T72, said line also passing thru the Utility Easement BB as shown on P.W.D. Map No. B9-491-T78, for a distance of 2.135 ft. to Point No. 225, said point being located at the P.O.C of a curve to the Left, on the Southerly line of the Parcel No. 59-1C-1, as shown on P.W.D. Map No. A9-217-T74; Thence (2) Easterly and Northeasterly, passing along said curve to the Left with a Radius of 37.50 Ft., passing thru a Delta angle of 49°-O6'-41", for an Arc distance of 32.143 Ft. to P.C. Point No. 60, said point being located N 66o-33'-20" E a Chord distance of 31.168 Ft. from said P.O.C. Point No. 225; Thence (3) Northeasterly N 42°-00'-00" E, passing along the Southeasterly line of said Parcel No. 59-1C-1, and continuing thru said Easement BB, for a distance of 49.233* Ft. to Point No. 61, said point being located at the P.C. of a curve to the Left; Thence (4) Northeasterly, passing along the said Southeasterly line of Parcel No. 59-1C-1, on said curve to the Left with a Radius of 49.379* Ft., passing thru a Del...
Sample 1

Related to SUBMISSION OF PROPERTY

  • Possession of Property Possession of the Property free and clear of all uses and encroachments, except the Permitted Exceptions, shall be delivered to Purchaser at closing.

  • Inspection of Property The Borrower and each of its Subsidiaries will keep proper books and records in accordance with GAAP and will permit reasonable examinations of its books and records and reasonable inspections of its property (subject to reasonable procedures relating to safety and security), accompanied by personnel of the Borrower, by the Administrative Agent and any Lender and/or their respective accountants or other professional advisers; provided that such examinations and inspections (a) will occur not more frequently than once in any calendar year, with reasonable efforts to make combined visits (unless a Default or an Event of Default has occurred and is continuing in which case such examinations may occur as frequently as reasonably determined by the Administrative Agent or any Lender, with no obligation to combine visits), (b) will be at the sole expense of the Administrative Agent and/or requesting Lender, as the case may be (unless a Default or an Event of Default has occurred and is continuing in which case such examinations will be at the expense of the Borrower), (c) will be undertaken at reasonable times following the provision of written notice in advance to the Borrower, and (d) will not unduly interfere with the operations or management of the Borrower’s business. Notwithstanding anything set forth herein to the contrary, under no circumstances shall the Borrower or any Subsidiary be required to disclose, permit the inspection, examination or making copies or abstracts of, or discussion of, any document, information or other matter (i) that constitutes non−financial trade secrets or non-financial confidential proprietary information, (ii) in respect of which disclosure to the Administrative Agent or any Lender (or their respective Affiliates, representatives, contractors, accountants or other professionals) is prohibited by any Governmental Rule or binding confidentiality agreement with a Person that is not an Affiliate of the Borrower and that was not entered into in contemplation of this Agreement, (iii) that is subject to attorney−client or similar privilege or constitutes attorney work product, or (iv) in the case of any discussions with accountants, only if the Borrower has been given the opportunity to participate in the discussions.

  • Operation of Property (a) Borrower shall not cause or permit Mortgage Borrower to, without Lender’s prior consent: (i) surrender, terminate or cancel (or permit to be surrendered, terminated or canceled) any of the Operating Leases (other than in connection with a sale and release of an Individual Property permitted hereunder), or exercise any remedies under any of the Operating Leases; (ii) reduce or consent to the reduction of (or permit the reduction or the consent to the reduction) of the term of any of the Operating Leases or any Operating Lease Guaranty; (iii) decrease or consent to any decrease (or permit to be decreased or the consent to the decrease) of the amount of any rent or other charges payable under any of the Operating Leases; (iv) Transfer, convey, assign, sell, mortgage, encumber, pledge, hypothecate, grant a security interest in, grant an option or options with respect to, or otherwise dispose of (directly or indirectly, voluntarily or involuntarily, by operation of law or otherwise, whether or not for consideration) the Properties or any collateral for the Mortgage Loan (or permit Operating Company to do so), in each case without the prior written consent of Lender or except as expressly permitted in Section 5.1.20 or Section 5.2.10, or (v) otherwise modify, change, supplement, alter or amend, or waive or release (or permit to be modified, changed, supplemented, altered, amended, waived or released) any of the rights and remedies of Borrower, Mortgage Borrower or any Operating Company under any of the Operating Leases in any material respect or any Operating Lease Guaranty (provided that Lender shall not unreasonably withhold its consent to any modification, change, supplement, alteration, amendment, waiver or release of the Operating Lease as may be reasonably necessary to comply with the requirements of this Agreement or any other Loan Document). (b) During the continuance of an Event of Default, Borrower shall not exercise (and shall not cause or permit Mortgage Borrower to exercise) any rights, make any decisions, grant any approvals or otherwise take any action under any Operating Lease, Operating Lease Guaranty or any Management Agreement without, in each instance, the prior written consent of Lender, which consent may be withheld in Lender’s sole discretion.

  • Condition of Property Seller or the originator of the Mortgage Loan inspected or caused to be inspected each related Mortgaged Property within six months of origination of the Mortgage Loan and within twelve months of the Cut-off Date. An engineering report or property condition assessment was prepared in connection with the origination of each Mortgage Loan no more than twelve months prior to the Cut-off Date. To Seller’s knowledge, based solely upon due diligence customarily performed in connection with the origination of comparable mortgage loans, as of the Closing Date, each related Mortgaged Property was free and clear of any material damage (other than (i) deferred maintenance for which escrows were established at origination and (ii) any damage fully covered by insurance) that would affect materially and adversely the use or value of such Mortgaged Property as security for the Mortgage Loan.

  • Acquisition of Property The Contractor shall document that all property was acquired consistent with its engineering, production planning, and property control operations.

  • Valuation of Property (i) Should the purchase price specified in the Transfer Notice or Additional Transfer Notice be payable in property other than cash or evidences of indebtedness, the Company (or the Preferred Shareholders) shall have the right to pay the purchase price in the form of cash equal in amount to the value of such property. (ii) If the Transferor and the Company (or, failing exercise by the Company of its option under Section 2.2(B), the Preferred Shareholders) cannot agree on such cash value within ten (10) days after the Company’s receipt of the Transfer Notice (or the Preferred Shareholders’ receipt of the Additional Transfer Notice), the valuation shall be made by an appraiser of recognized international reputation and standing selected by the Transferor and the Company (or the Preferred Shareholders) or, if they cannot agree on an appraiser within twenty (20) days after the Company’s receipt of the Transfer Notice (or the Preferred Shareholders’ receipt of the Additional Transfer Notice), each shall select an appraiser of recognized international reputation and standing and the two appraisers shall designate a third appraiser of recognized international reputation and standing, whose appraisal shall be determinative of such value. (iii) The cost of such appraisal shall be equally borne by the Transferor and the Company, or the Preferred Shareholders as the case may be. (iv) If the time for the closing of the Company’s purchase (or the Preferred Shareholders’ purchase) has expired but for the determination of the value of the purchase price offered by the prospective transferee(s), such closing shall be held on or prior to the fifth (5th) business day after such valuation shall have been made pursuant to this Section 2.2(E).

  • Condition of Properties All facilities, machinery, equipment, fixtures and other properties owned, leased or used by the Company are in reasonably good operating condition and repair, subject to ordinary wear and tear, and are adequate and sufficient for the Company’s business.

  • Operation of Properties The Borrower will and will cause each Subsidiary to operate its Properties or cause such Properties to be operated in a careful and efficient manner in accordance with the practices of the industry and in compliance with all applicable contracts and agreements and in compliance in all material respects with all Governmental Requirements.

  • Maintenance of Property The Company shall maintain, and shall cause each Subsidiary to maintain, and preserve all its property which is used or useful in its business in good working order and condition, ordinary wear and tear excepted and make all necessary repairs thereto and renewals and replacements thereof except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.

  • Preservation of Property Bank shall not be bound to take any steps necessary to preserve any rights in any property pledged as collateral to Bank to secure Borrower and/or Guarantor's Liabilities and Obligations as against prior parties who may be liable in connection therewith, and Borrower and Guarantor hereby agree to take any such steps. Bank, nevertheless, at any time, may (a) take any action it deems appropriate for the care or preservation of such property or of any rights of Borrower and/or Guarantor or Bank therein; (b) demand, sue for, collect or receive any money or property at any time due, payable or receivable on account of or in exchange for any property pledged as collateral to Bank to secure Borrower and/or Guarantor's Liabilities to Bank; (c) compromise and settle with any person liable on such property; or (d) extend the time of payment or otherwise change the terms of the Loan Documents as to any party liable on the Loan Documents, all without notice to, without incurring responsibility to, and without affecting any of the Obligations or Liabilities of Guarantor.

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