Water Property Sample Clauses

Water Property. Borrower intends to purchase from Xxxx'x Ranch Associates certain parcels of real property and the improvements thereon adjacent to or nearby the Premises, all equipment relating thereto and the stock of the Xxxx'x Ranch Water Company (collectively the "Water Property"). The application to transfer the Water Property was approved by the Arizona Corporation Commission on August 5, 1995. The closing on the Water Property is expected to occur by the end of September, 1995. In conjunction with the closing on the Water Property, Borrower agrees to and shall pledge and grant to Lender a security interest in and to the additional real property and improvements and all other assets that it acquires from Xxxx'x Ranch Associates in connection with Borrower's acquisition of the Water Property, which additional assets shall be included as a part of the Collateral. Borrower shall notify Lender of the anticipated closing date and furnish a listing and/or detailed description of the Water Property. Borrower shall execute and deliver to Lender and (as applicable) cause to be filed or recorded amendments and/or modifications of the Loan Documents to reflect the additional Collateral and shall cancel, discharge or terminate that certain instrument entitled: "Xxxx'x Ranch Lodge and Xxxx'x Ranch Water Company Covenants, Conditions & Restrictions" dated June 1, 1995, recorded on June 2, 1995 in the Official Records of Gila County, in Fee No. 95-666436. NEGATIVE COVENANTS Until payment in full of all Obligations, Borrower covenants and agrees that it will not:
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Related to Water Property

  • Other Properties If any Imposition shall be levied, charged, filed, assessed, or imposed upon or against the Leased Property, and if such Imposition shall also be a levy, charge, assessment, or imposition upon or for any other real or personal property that does not constitute a part of the Leased Property, then the computation of the amounts to be deposited under this Section 4.6 shall be based upon the entire amount of such Imposition and the Lessee shall not have the right to apportion any deposit with respect to such Imposition.

  • Property The word "Property" means all of Grantor's right, title and interest in and to all the Property as described in the "Collateral Description" section of this Agreement.

  • Employer Property Executive acknowledges that all originals and copies of materials, records and documents generated by him or coming into his possession during his employment by the Employer are the sole property of the Employer (“Employer Property”). During his employment, and at all times thereafter, Executive shall not remove, or cause to be removed, from the premises of the Employer, copies of any record, file, memorandum, document, computer related information or equipment, or any other item relating to the business of the Employer, except in furtherance of his duties under this Agreement. When Executive terminates his employment with the Employer, or upon request of the Employer at any time, Executive shall promptly deliver to the Employer all originals and copies of Employer Property in his possession or control and shall not retain any originals or copies in any form.

  • The Property The term “Property” shall also include the following:

  • Mortgaged Property The real property securing repayment of the debt evidenced by a Mortgage Note.

  • The Properties 3.1 All of the Properties are in England, Wales or Scotland.

  • Real Property (a) The Company does not own any real property.

  • Foreclosure Property Notwithstanding any other provision of this Agreement, the Servicer, shall not rent, lease, or otherwise earn income on behalf of the REMIC with respect to any REO which might cause such REO to fail to qualify as "foreclosure" property within the meaning of section 860G(a)(8) of the Code (e.g., rent based upon the earnings of the lessee) or result in the receipt by the REMIC of any "income from non-permitted assets" within the meaning of section 860F(a)(2) of the Code (e.g., income attributable to any asset which is not a qualified mortgage, a cash flow or reserve fund investment, or personal property not incidental to the REO) or any "net income from foreclosure property" which is subject to tax under the REMIC Provisions unless the Master Servicer has received an Opinion of Counsel (at the Servicer's expense) to the effect that, under the REMIC Provisions and (where appropriate, any relevant proposed legislation) any income generated for the REMIC by the REO would not result in the imposition of a tax upon the REMIC. In general, the purpose of this Section 3.2 and the REMIC Provisions (which this section is intended to implement) is to ensure that the income earned by the REMIC is passive type income such as interest on mortgages and passive type rental income on real property.

  • Other Property Each Loan Party shall cause all property (other than Excluded Property) of each Loan Party to be subject at all times to first priority, perfected Liens in favor of the Administrative Agent to secure the Obligations pursuant to the Collateral Documents (subject to Permitted Encumbrances) and, in connection with the foregoing, deliver to the Administrative Agent such other documentation as the Administrative Agent may request including filings and deliveries necessary to perfect such Liens, Organization Documents, resolutions, landlord’s waivers and favorable opinions of counsel to such Person, all in form, content and scope reasonably satisfactory to the Administrative Agent.

  • Partnership Property All property, real, personal, tangible, intangible, or mixed, acquired by or contributed to the Partnership shall be owned by the Partnership and titled in its name and such property shall not be owned individually by any Partner. Each Partner acknowledges and agrees that the System and all elements thereof, are the exclusive property of the Company and are not Partnership property. Each Partner acknowledges and agrees that the Proprietary Marks are the exclusive property of the Company and are not Partnership property. Each Partner acknowledges and agrees that the Partnership shall not acquire or own any land or buildings. Any land or buildings used in the Partnership business shall be acquired and owned by the Company or an Affiliate of the Company and leased to the Partnership at reasonable rates and terms, and such land and buildings shall not be Partnership property.

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