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Common use of Use of Real Property Clause in Contracts

Use of Real Property. All real property material to the business of the Obligor owned or leased by each Obligor may be used by such Obligor pursuant to Applicable Law for the present use and operation of the material elements of the business conducted, or intended to be conducted, on such real property by such Obligor.

Appears in 4 contracts

Samples: Accommodation and Support Agreement (Just Energy Group Inc.), Credit Agreement (Just Energy Group Inc.), Credit Agreement (Just Energy Group Inc.)

Use of Real Property. All real property material to the business of the Obligor owned or leased by each Obligor may be used in all material respects by such Obligor pursuant to Applicable Law for the present use and operation of the material elements of the business conducted, or intended to be conducted, on such real property by such Obligor. All leased real property where the lessor is Non-Arm’s Length are on market terms and conditions and, in such case, is on terms which are commercially reasonable.

Appears in 1 contract

Samples: Credit Agreement (Sierra Wireless France SAS)

Use of Real Property. All real property material to the business of the Obligor owned or leased by each Obligor may be used by such Obligor pursuant to Applicable Law for the present use and operation of the material elements of the business conducted, or intended to be conducted, on such real property by such Obligor.. ​

Appears in 1 contract

Samples: Accommodation and Support Agreement (Just Energy Group Inc.)