Title to the Improvements. The title to all Improvements now or hereafter located on the Property including those to be constructed in accordance with the Plans and Specifications and the Construction Documents shall be vested in the Lessee until the expiration of the Term or earlier termination of this Ground Lease, at which time all title to and ownership of said Improvements shall automatically and immediately vest (without the necessity of any further action being taken by the Lessee or the Lessor or any instrument being executed and delivered by the Lessee to the Lessor) in the Lessor.
Appears in 3 contracts
Samples: Ground Lease Agreement, Ground Lease Agreement, Ground Lease Agreement
Title to the Improvements. The title to all Improvements now or hereafter located on the Property including those to be constructed in accordance with the Plans and Specifications and the Construction Documents shall be vested in the Lessee until the expiration of the Term or earlier termination of this Ground LeaseLease and payment in full of any then Outstanding Bonds, at which time all title to and ownership of said Improvements shall automatically and immediately vest (without the necessity of any further action being taken by the Lessee or the Lessor or any instrument being executed and delivered by the Lessee to the Lessor) in the Lessor.
Appears in 1 contract
Samples: Ground Lease Agreement
Title to the Improvements. The title to all Improvements improvements now or hereafter located on the Property including those to be constructed in accordance with the Plans and Specifications and the Construction Documents shall be vested in the Lessee until the expiration of the Term or earlier termination of this Ground LeaseTermination Date, at which time all title to and ownership of said Improvements improvements, together with all Personalty, shall automatically and immediately vest (without any payment therefor or the necessity of any further action being taken by the Lessee or the Lessor or any instrument being executed and delivered by the Lessee to the Lessor, unless reasonably requested by the Lessor) in the Lessor.
Appears in 1 contract
Samples: Ground Lease Agreement