Examples of Current Operator in a sentence
Address: Location in relation to Collateral Property: Current Owner: Current Operator of site (if different from current Owner): 1.
Current Operator is the owner of certain tracts or parcels of real estate located in the vicinity of Xxxxxxxx, XX, Canada, as more particularly described on Exhibit A attached hereto (the “Hardisty Rail Property”).
Current Operator agrees and covenants to fully cooperate with Developer in connection with the Development Projects, and each of them, including, without limitation, by (a) granting those rights and easements reasonably necessary to commence and complete any Site Work and to operate and use the Development Projects, and each of them, and (b) executing and delivering any additional documents and/or instruments reasonably requested by Developer in connection therewith.
In the event that Current Operator determines that Developer is subjecting any such improvements to excess wear and tear, Current Operator shall have the right to charge Developer reasonable costs related to Developer’s use of any such improvements.
Current Operator is an unlimited liability company validly existing under the laws of British Columbia and extra-provincially registered in Alberta and has full power and authority to enter into and to perform its obligations under this Agreement.