Examples of Acquired Leases in a sentence
Under the header, list one or more appropriate activities, costs, and acreages from the following activity categories: Fee Acquired; Fee Donated; Easement(s) Acquired; Easement(s) Donated; Lease(s) Acquired; Lease(s) Donated; Restored; Enhanced; Wetland Established; Other; Indirect Costs.
Seller has not assigned, transferred, conveyed, mortgaged, deeded in trust or encumbered any interest in such Acquired Leases or the Acquired Easements except as set forth on Schedule Section 4.01(m)(ii).
Purchaser is now or at the Closing will be and thereafter will continue to be qualified to own and operate the Acquired Assets, including the federal, state, and fee Acquired Leases, including meeting all Permit, bonding, and other surety requirements.
Except for the Proceedings listed in Sections 8.4(a) or 8.8 of the Disclosure Schedule, to Seller’s Knowledge as of the date hereof, (a) each of the Acquired Leases is in full force and effect, (b) Seller is not in breach or default in any material respect with respect to any of its obligations under any Acquired Lease and (c) no lessor under any Acquired Lease has given written notice to Seller of any action to terminate, cancel, rescind, repudiate, or procure a judicial reformation of any Acquired Lease.
Seller is not in default and has not received any written notice of any material breach or default on the part of or by any party under any such Acquired Lease or Acquired Easement which remains uncured and no event has occurred that, upon the giving of notice or the lapse of time or both, would constitute a default under any such Acquired Lease or Acquired Easement, or which would confer to the other parties to such agreements, any right to terminate such Acquired Leases or Acquired Easements.