Common use of Trustee’s Covenant of Quiet Enjoyment Clause in Contracts

Trustee’s Covenant of Quiet Enjoyment. The Trustee hereby covenants that the City shall, during the Lease Term, peaceably and quietly have, hold and enjoy the Leased Property without suit, trouble or hindrance from the Trustee. The Trustee shall not interfere with the quiet use and enjoyment of the Leased Property by the City during the Lease Term so long as no Event of Lease Default shall have occurred. The Trustee shall, at the request of the City and at the cost of the City, cooperate fully in any legal action in which the City asserts against third parties its right to such possession and enjoyment, or which involves the imposition of any taxes or other governmental charges on or in connection with the Leased Property. In addition, the City may at its own expense join in any legal action affecting its possession and enjoyment of the Leased Property and shall be joined in any action affecting its liabilities hereunder. The provisions of this Article 6 shall be subject to the Trustee’s right to inspect the Leased Property and the City’s books and records with respect thereto as provided in Section 12.7 hereof.

Appears in 2 contracts

Samples: Lease Purchase Agreement, Lease Purchase Agreement

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Trustee’s Covenant of Quiet Enjoyment. The Trustee hereby covenants that the City District shall, during the Lease Term, peaceably and quietly have, hold and enjoy the Leased Property without suit, trouble or hindrance from the Trustee. The Trustee shall not interfere with the quiet use and enjoyment of the Leased Property by the City District during the Lease Term so long as no Event of Lease Default shall have occurred. The Trustee shall, at the request of the City District and at the cost of the CityDistrict, cooperate fully in any legal action in which the City District asserts against third parties its right to such possession and enjoyment, or which involves the imposition of any taxes or other governmental charges on or in connection with the Leased Property. In addition, the City District may at its own expense join in any legal action affecting its possession and enjoyment of the Leased Property and shall be joined in any action affecting its liabilities hereunder. The provisions of this Article 6 5 shall be subject to the Trustee’s right to inspect the Leased Property and the CityDistrict’s books and records with respect thereto as provided in Section 12.7 11.7 hereof.

Appears in 1 contract

Samples: Lease Purchase Agreement

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Trustee’s Covenant of Quiet Enjoyment. The Trustee hereby covenants that the City Town shall, during the Lease Term, peaceably and quietly have, hold and enjoy the Leased Property without suit, trouble or hindrance from the Trustee. The Trustee shall not interfere with the quiet use and enjoyment of the Leased Property by the City Town during the Lease Term so long as no Event of Lease Default shall have occurred. The Trustee shall, at the request of the City Town and at the cost of the CityTown, cooperate fully in any legal action in which the City Town asserts against third parties its right to such possession and enjoyment, or which involves the imposition of any taxes or other governmental charges on or in connection with the Leased Property. In addition, the City Town may at its own expense join in any legal action affecting its possession and enjoyment of the Leased Property and shall be joined in any action affecting its liabilities hereunder. The provisions of this Article 6 5 shall be subject to the Trustee’s right to inspect the Leased Property and the CityTown’s books and records with respect thereto as provided in Section 12.7 10.7 hereof.

Appears in 1 contract

Samples: Lease Purchase Agreement

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