Easement Holder definition
Examples of Easement Holder in a sentence
New trails may be created in accordance with the Community Forest Plan or if the same has the prior written approval from the Town and the Easement Holder.
The Owner will name the Easement Holder as an additional insured on any general liability insurance policy carried by the Owner with respect to the Protected Property.
The Owner and the Easement Holder acknowledge that the Baseline Documentation Report accurately represents the condition of the Protected Property at the time of this conveyance and may be used by the Easement Holder in monitoring future uses of the Protected Property, in documenting compliance with the terms of this Easement and in any enforcement proceeding.
However, the Easement Holder may in its sole discretion and exclusive judgment refuse to agree to any amendment or modification of this Easement, including any amendment in which the following apply: • The amendment is inconsistent with the Conservation Purpose of this Easement.
The Owner and the Easement Holder are committed to protecting and preserving the Conservation Values of the Protected Property in perpetuity.
The current Owner is the sole owner of the Protected Property in fee simple and has the right and ability to convey this Easement to the Easement Holder.
Failure of the Owner to receive approval from the Easement Holder constitutes denial of the request.
The Owner will notify the Easement Holder of any proposed conveyance of title to the Protected Property at least fifteen (15) days before closing.
The Easement Holder may not initiate judicial action until the Owner has been given notice of the violation, or threatened violation, of this Easement and a reasonable opportunity to correct the situation.
The Owner will also notify the Easement Holder of any proposed condemnation or any claim, legal proceeding, foreclosure, or other legal action that might affect title to the Protected Property or the validity or enforceability of this Easement.