Denver Property definition
Examples of Denver Property in a sentence
With respect to the New Member, “Transferred Properties” shall mean the Contributed Denver Property Interests pursuant to the applicable Contribution Agreement.
With respect to the Contributed Denver Property Interests, the amount set forth with respect to the “Contributed Denver Property Interests” as set forth on Exhibit B to this Amendment.
Denver hereby grants a license to EMD for the use, operation, maintenance, administration, development, and care of the EMD Facilities currently existing, installed and operating within Denver Property in accordance with EMD’s authority and with this Agreement.
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Under no circumstances shall EMD make any use, or allow any use to be made, of Denver Property in violation of federal, state or local law.
Any Fixtures installed by or on behalf of EMD on Denver Property but onto or affixed to EMD Facilities shall remain the property of EMD.
The granting of any rights under this Agreement, now or in the future, is not intended to create or grant, nor shall be construed as creating or granting, a property interest or title on the part of or to EMD in Denver Property, other than such license rights specified in this Agreement; nor is this Agreement intended to grant to Denver any ownership or property rights held by EMD regarding any of the EMD Facilities in or outside of Denver Property.
EMD shall promptly pay, when due, all bills, debts, and obligations incurred in connection with its management or administration of Denver Property and shall not permit the same to become delinquent.
The Operating GP has full power and authority to act as general partner of Sabine Pass in all material respects as described in the Disclosure Package and the Final Prospectus.
The terms of the Lease Agreement will provide that (a) Purchaser will pay rent to Seller in a monthly amount equal to 1% of the appraised value of the Denver Property as of the date of Closing, and (b) the Lease Agreement will be for a period equal to the earlier to occur of (i) 30 months from the Closing, or (ii) at such time as Purchaser is prepared to relocate the Denver, Colorado dealership and the Denver Property is sold.