Withdrawn Property Sample Clauses

Withdrawn Property. If any Project property, equipment, or supplies are not used for the Project for the duration of its useful life, as determined by FRA, whether by planned withdrawal, misuse or casualty loss, the Grantee agrees to notify FRA immediately. Disposition of withdrawn property, equipment, or supplies shall be in accordance with 49 C.F.R. §§ 18.31 and 18.32 for a Grantee that is a governmental entity, or 49 C.F.R. §§ 19.30 through 19.37 inclusive, for a Grantee that is an institution of higher education or a private organization.
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Withdrawn Property. A “Withdrawn Property” shall be (a) any Non-Approved Property, (b) any Existing Campus Property identified as a “Withdrawn Property” pursuant to Section 2.8(d), Section 2.9, 2.10, 5.3(d) or 6.1(a)(i) and (c) any Campus Property with respect to which a Campus Property Material Adverse Effect has occurred; provided that Purchaser has given written notice to Seller of such Campus Property Material Adverse Effect within 10 days after Purchaser obtains Knowledge thereof and subject to Seller’s right to cure such Campus Property Material Adverse Effect and Seller shall have the right to adjourn the Initial Closing for a reasonable period not exceeding the earlier of (A) 30 days, and an additional 30 days to cure any such Campus Property Material Adverse Effect if Seller is diligently pursuing the cure thereof (provided that if such adjournment would result in the Initial Closing occurring during the Blackout Period, Seller may adjourn the Initial Closing to any date occurring prior to the Termination Date), or (B) the Termination Date for the purpose of allowing Seller the opportunity to effectuate such cure (to the extent such cure is reasonably capable of being effected during such period), and if such cure is not effected on or prior to the end of such period, Purchaser may elect to waive such matter or treat such Campus Property as a Withdrawn Property. In the event any Existing Campus Property becomes a Withdrawn Property, Section 3.4 of the Campus Disclosure Letter shall be revised to delete the Assumed Mortgage associated with such Withdrawn Property from the definition of Required Consents, Annex A and Annex B shall be revised to delete the Withdrawn Property, and Annex B shall be revised to delete the allocated amount of Net Student Rent therefor, (x) an amount equal to the Assigned Price for such Withdrawn Property shall be deducted from the Consideration and no amount of Consideration thereafter shall be payable in respect of such Property and (y) an amount equal to 5% of the Assigned Price for such Withdrawn Property shall be deducted from the Consideration payable in respect of the Contribution Transactions. In the event that prior to the Initial Closing, the aggregate number of Withdrawn Properties is greater than three or the aggregate Assigned Price of all Withdrawn Properties is greater than $80,000,000 (the “Floor Amount”), this Agreement may be terminated in its entirety at the election of Purchaser by written notice given to Seller; provided,...
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Withdrawn Property. Pinnacle Grove shall be a Withdrawn Property as to which the Contribution Agreement is terminated, ITCR Xxxxxx Xxxxx Limited Partnership shall not be
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Withdrawn Property. 2.6 Work ........................................................... .....2.3(e)
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Withdrawn Property. A “Withdrawn Property” shall be any Unapproved Property, Damaged Property or Condemned Property as to which this Agreement has been terminated pursuant to Section 5.2(b), Section 5.2(c), Section 14.1, Article 15 or Section 16.1(a). In the event any Property becomes a Withdrawn Property, the Allocated Exxxxxx Money shall be promptly returned to the Operating Partnership, Schedule C shall be revised to delete the Assumed Loan associated with such Withdrawn Property from the definition of Assumed Loans and the value assigned to such Withdrawn Property on Schedule 3.1 (the “Assigned Value”) shall be deducted from the Contribution Value. In the event that prior to the Closing, the aggregate number of beds contained in the Withdrawn Properties is greater than 1,000, this Agreement may be terminated in its entirety at the election of the Contributee by written notice given to the Contributors.
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Related to Withdrawn Property

  • REMAINING PROPERTY If any cash or any securities or other financial assets of the Portfolio held by the Custodian hereunder remain held by the Custodian after the termination of this Agreement owing to the failure of the applicable Fund to provide Proper Instructions, the Custodian shall be entitled to fair compensation for its services during such period as the Custodian holds the cash or the securities or other financial assets (the existing agreed-to compensation at the time of termination shall be one indicator of what is considered fair compensation). The provisions of this Agreement relating to the duties, exculpation and indemnification of the Custodian shall apply in favor of the Custodian during such period.

  • Real Property; Personal Property (a) On the Disaffiliation Date, Local Church will have full title and ownership of the Real Property and Personal Property. The parties shall ensure all necessary transfers or other transactions relating to the above properties are completed on or prior to the Disaffiliation Date. Any costs resulting from such transfers or other transactions shall be borne by Local Church. Annual Conference shall fully cooperate with Local Church, as needed and applicable, to ensure that such transfers and other transactions convey all of Annual Conference’s interest – both for itself and on behalf of The United Methodist Church – in the Real Property and Personal Property, both tangible and intangible, of Local Church.

  • Excluded Property Notwithstanding anything to the contrary in Section 2.1, the property, assets, rights and interests set forth in this Section 2.2 (the “Excluded Property”) are excluded from the Property:

  • Property or Properties As the context requires, any, or all, respectively, of the Real Property acquired by the Company, either directly or indirectly (whether through joint venture arrangements or other partnership or investment interests).

  • Abandoned Property If Tenant abandons the Premises, or is dispossessed by process of law or otherwise, any movable furniture, equipment, trade fixtures or personal property belonging to Tenant and left in the Premises shall be deemed to be abandoned, at the option of Landlord, and Landlord shall have the right to sell or otherwise dispose of such personal property in any commercially reasonable manner.

  • After-Acquired Property If any Pledgor shall at any time after the date hereof (i) obtain any rights to any additional Intellectual Property Collateral or (ii) become entitled to the benefit of any additional Intellectual Property Collateral or any renewal or extension thereof, including any reissue, division, continuation, or continuation-in-part of any Intellectual Property Collateral, or any improvement on any Intellectual Property Collateral, the provisions hereof shall automatically apply thereto and any such item enumerated in the preceding clause (i) or (ii) shall automatically constitute Intellectual Property Collateral as if such would have constituted Intellectual Property Collateral at the time of execution hereof and be subject to the Lien and security interest created by this Agreement without further action by any party. Each Pledgor shall promptly provide to the Collateral Agent written notice of any of the foregoing and confirm the attachment of the Lien and security interest created by this Agreement to any rights described in clauses (i) and (ii) above by execution of an instrument in form reasonably acceptable to the Collateral Agent and the filing of any instruments or statements as shall be reasonably necessary to create, preserve, protect or perfect the Collateral Agent’s security interest in such Intellectual Property Collateral. Further, each Pledgor authorizes the Collateral Agent to modify this Agreement by amending Schedules 12(a) and 12(b) to the Perfection Certificate to include any Intellectual Property Collateral of such Pledgor acquired or arising after the date hereof.

  • 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.

  • Additional Property Collateral shall also include the following property (collectively, the “Additional Property”) which Pledgor becomes entitled to receive or shall receive in connection with the Collateral: (a) any stock certificate, including without limitation, any certificate representing a stock dividend or any certificate in connection with any recapitalization, reclassification, merger, consolidation, conversion, sale of assets, combination of shares, stock split or spin-off; (b) any option, warrant, subscription or right, whether as an addition to or in substitution of the Collateral; (c) any dividends or distributions of any kind whatsoever, whether distributable in cash, stock or other property; and (d) any conversion or redemption proceeds; provided, however, that until the occurrence of an Event of Default (as hereinafter defined), Pledgor shall be entitled to all cash dividends and all interest paid on the Collateral free of the security interest created under this Agreement. All Additional Property received by Pledgor shall be received in trust for the benefit of Secured Party. All Additional Property and all certificates or other written instruments or documents evidencing and/or representing the Additional Property that is received by Pledgor, together with such instruments of transfer as Secured Party may request, shall immediately be delivered to or deposited with Secured Party and held by Secured Party as Collateral under the terms of this Agreement. If the Additional Property received by Pledgor shall be shares of stock or other securities, such shares of stock or other securities shall be duly endorsed in blank or accompanied by proper instruments of transfer and assignment duly executed in blank with, if requested by Secured Party, signatures guaranteed by a member or member organization in good standing of an authorized Securities Transfer Agents Medallion Program, all in form and substance satisfactory to Secured Party.

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

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