Use of Component Drive Sample Clauses

Use of Component Drive. Seller and Buyer acknowledge that the Final Map contains a "Covenant of Easement" that creates an easement over Component Drive for ingress for the benefit of the Buyer's Property and the Seller's Property (the "Component Drive Easement"). The City has required the creation of this easement to provide traffic circulation to mitigate the effects of traffic to be generated by the development of the Buyer's Property and the Seller's Property, which traffic mitigation measure is a prerequisite to further discretionary land use approvals that may be required by the owner of the Buyer's Property or the owner of the Seller's Property. To implement the purpose of the Component Drive Easement, Buyer agrees as follows: (i) except as otherwise specifically provided by this Section, Buyer shall be responsible for the operation, maintenance, repair, and replacement of Component Drive following its completion; (ii) the design, alignment, and configuration of Component Drive, as it exists following its completion by Seller, shall not be materially changed or altered without the consent of Seller, which consent shall not be unreasonably withheld; (iii) no gate, control device, or other barrier shall be erected along any part of Component Drive and the Component Drive Easement shall provide unrestricted access from the public street known as Orchard Parkway to the public street known as North First Street and vice versa, (iv) the Component Drive Easement may not be terminated or changed without the consent of Seller, and (v) to the extent the City requires any modification of the Component Drive easement to implement its original purpose of providing traffic circulation benefiting both the Buyer's Property and the Seller's Property as a traffic mitigation measure imposed to permit the entitlement for the Floor Area permitted on the Buyer's Property and the Seller's Property, Seller and Buyer shall take such action as is reasonably requested by the City to implement such change to the extent necessary to protect the Floor Area entitlement allocated to the Buyer's Property and the Seller's Property; provided, however, that if the change is precipitated by a land use approval application, the applicant for such approval shall pay the cost of implementing the change, and otherwise such cost shall be equitably shared by Seller and Buyer.
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Related to Use of Component Drive

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  • Use of the Names “Franklin,” “Xxxxxxxxx,” “Fiduciary Trust,” and/or “Institutional Fiduciary Trust”. The Board of Trustees expressly agrees and acknowledges that the names “Franklin,” “Xxxxxxxxx,” “Fiduciary Trust,” and “Institutional Fiduciary Trust” are the sole property of Franklin Resources, Inc. (“FRI”). FRI has granted to the Trust a non-exclusive license to use such names as part of the name of the Trust now and in the future. The Board of Trustees further expressly agrees and acknowledges that the non-exclusive license granted herein may be terminated by FRI if the Trust ceases to use FRI or one of its Affiliates as Investment Adviser or to use other Affiliates or successors of FRI for such purposes. In such event, the non-exclusive license may be revoked by FRI and the Trust shall cease using the names “Franklin,” “Xxxxxxxxx,” “Fiduciary Trust,” “Institutional Fiduciary Trust” or any name misleadingly implying a continuing relationship between the Trust and FRI or any of its Affiliates, as part of its name unless otherwise consented to by FRI or any successor to its interests in such names. The Board of Trustees further understands and agrees that so long as FRI and/or any future advisory Affiliate of FRI shall continue to serve as the Trust’s Investment Adviser, other registered open- or closed-end investment companies (“funds”) as may be sponsored or advised by FRI or its Affiliates shall have the right permanently to adopt and to use the names “Franklin”, “Xxxxxxxxx,” “Fiduciary Trust” and/or “Institutional Fiduciary Trust” in their names and in the names of any series or Class of shares of such funds.

  • Use of Words and Phrases Herein," "hereby," "hereunder," "hereof," "hereinbefore," "hereinafter" and other equivalent words refer to the Pooling and Servicing Agreement as a whole. All references herein to Articles, Sections or Subsections shall mean the corresponding Articles, Sections and Subsections in the Pooling and Servicing Agreement. The definitions set forth herein include both the singular and the plural.

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  • Service Providing Methodology 1.3.1 Party A and Party B agree that during the term of this Agreement, where necessary, Party B may enter into further service agreements with Party A or any other party designated by Party A, which shall provide the specific contents, manner, personnel, and fees for the specific services.

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