Examples of Cultural facility in a sentence
The Grantee agrees that if ownership of 0 Xxx Xxx Xxxxxx, Xxxxxxxxx, XX 00000 (the “Property”), is transferred to a for-profit entity or to an unrelated nonprofit entity which stops operating the Property as a Cultural Facility, Grantee shall notify MassDevelopment of such transfer and the full amount of the Grant Amount disbursed to the Grantee shall be repaid immediately to the Fund.
In accordance with the Act, the Council and the Committee have made all of the Findings and determined that the Grantee is operating or planning to operate a Cultural Facility, the Project is an Eligible Project, and that the Grantee satisfied all of the requirements of the Fund Rules and Guidelines.
The Grantee represents that the Project is for the benefit of a Cultural Facility and is located at the Property where either (i) the Grantee has or will obtain good and clear, record and marketable title to the Property or (ii) the Grantee enjoys peaceful and undisturbed possession of the Property under all leases under which it is or will be operating, and all said leases are valid and in full force and effect.