Termination of Easement. This Grant will remain in effect for each Lot until the date that either (i) ownership of all of the Equipment installed on the Lot is conveyed by Grantee to Grantor, as evidenced by a written instrument executed by Grantee implementing such conveyance, or (ii) any PPA affecting the Lot is terminated, the Equipment installed on the Lot is permanently removed from the Lot or transferred to the owner of the Lot, by Grantee or by permission of Grantee, and Grantee confirms in writing to the Lot owner that such removal or transfer is permanent. Upon the written request by Grantor, Grantee shall, within sixty (60) days after the termination of this Grant as to any Lot, prepare and record against the Lot an instrument terminating this Grant as a matter of record.
Termination of Easement. If it determines that conditions on or surrounding the Property change so much that it becomes impracticable to fulfill its Conservation Purposes, a court with jurisdiction may, at the joint request of Grantee, Grantor, the Attorney General and the City, terminate the Easement created by this Deed. If condemnation of a part of the Property or of the entire Property by public authority renders it impossible to fulfill all of the Conservation Purposes, the Easement may be terminated through condemnation proceedings with notice from the public authority to Grantee, Grantor, the Attorney General, and the City. If the Easement is terminated and the Property is sold or taken for public use, then, as required by Internal Revenue Service regulations, the Grantee shall be entitled to number percent (##%) of the gross sale proceeds or condemnation award which is equal to the ratio of the appraised value of this Easement to the unrestricted fair market value of the Property, as this ratio is determined on the date of this Easement. The Grantee shall use the proceeds consistent with the Conservation Purposes of this Easement.
Termination of Easement. If the Grantor, or its successors or assigns, desires to alter or vacate a portion or all of the Easement(s), the Easement(s) may be adjusted accordingly if the County Engineer has certified in writing that the proposed modifications meet the requirements of 9VAC25-870 et seq. and Chapter 17 of the Albemarle County Code, as the regulations may be amended in the future. In addition to meeting these requirements, the Grantor shall mitigate for any loss of nutrient credit reductions provided in the stormwater calculations for the Property described in the Maintenance Agreement as a result of such alteration or vacation. Upon termination of any portion of the Easement, any residue of the Easement shall remain subject to this Deed of Dedication and Easement. The termination of any portion of the Easement shall be recorded, at the sole expense of the Grantor, in the Circuit Court of Albemarle County upon approval of the Albemarle County Attorney.
Termination of Easement. Upon the commencement of the Term, that certain Easement No. DALA05-9-02-605 granted by the Department of the Army shall, as between Landlord and Tenant, be deemed terminated and of no force or effect, it being the intent of the parties that the Lease shall govern and prevail.
Termination of Easement. As of the Effective Date, Grantor and Grantee hereby terminate the Easement, and the Easement shall be null and void and of no further force and effect from and after the Effective Date. As a result of the termination of the Easement, no Party to the Easement shall have any further or continuing rights, obligations, or liability to any other Party in connection with the Easement. Grantee hereby terminates and abandons all right, title, and interest in and to the property described in the Easement and releases, remises, and quitclaims to Grantor all of the right, title, and interest of Grantee in and to the property described in the Easement.
Termination of Easement. At such time as when Grantee or its successors and assigns determines that the easement is no longer needed, Grantee or its successors and assigns shall, execute and deliver to Grantor for recordation in the Official Records of Orange County, California, a Quitclaim Deed sufficient to remove the encumbrance of the easement granted in this deed. IN WITNESS WHEREOF, this instrument has been executed on , 2015.
Termination of Easement. At the expiration of the seven (7) year period, the Easement may be terminated by either party upon thirty (30) day written notice to the other party. If neither party terminates, the easement will continue for another seven (7) year period. Within the initial seven (7) year easement term, or any time thereafter, the Easement may be terminated by the Grantor with the Grantee’s consent, in writing, if the Grantor establishes any of the following:
1. The property is to be sold and the buyer requires removal of the Easement as a condition of the purchase and sale;
2. If a condition of refinancing the property, the lender requires removal of the Easement as a condition of refinancing;
3. The property is to be substantially remodeled or altered in a way that would preclude continued maintenance of the public artwork;
4. That the circumstances have materially changed and the continued existence of the easement or maintenance of the artwork substantially impedes the Grantor’s reasonable use and enjoyment of the property. The Grantee shall not unreasonably withhold consent to terminate upon the Grantor establishing any of the conditions specified above. The Grantee may terminate the Easement at any time at its sole discretion upon thirty (30) day notice to the Grantor, should the Grantor fail to substantially perform to the Grantor’s obligations under the easement.
Termination of Easement. For the purposes of terminating the easement for roadway purposes described in Article 2.2, Seller shall execute and deliver the Termination of Easement in substantially the form of the Termination of Easement attached hereto as Exhibit
Termination of Easement. In the event the Office Owner grants the Easement to Retail Owner in accordance with the provisions of Section 2.1 (a) above and later determines, in its reasonable discretion, at any time, and from time to time, that the Easenlent Spaces are no longer available for the use by Retail Owner, such Easement shall be deemed terminated within three (3) business days after delivery of written notice by Office Owner to Retail Owner regarding the termination of the Easement.
Termination of Easement. Landlord and Tenant hereby acknowledge that a Grant of Easement for Parking, Use and Maintenance ("EASEMENT") dated of even date herewith has been executed by Landlord and Catellus Development Corporation, a Delaware corporation, ("CATELLUS") at the request of Tenant herein. Further, Landlord and Tenant hereby acknowledge that Tenant has executed that certain lease of even date herewith with Catellus describing certain real property commonly referred to as 14350 Xxxxxxxx Xxxxxx, Xxxxxx, Xxxxxxxxxx ("XATELLUS LEASE"). Tenant and Landlord hereby agree that the Easement shall be terminated concurrently with expiration or earlier termination of this Ground Lease and the
