Examples of Facility Equipment in a sentence
Title to all Improvements and Facility Equipment shall be vested in Lessee until the termination of this Ground Lease as provided in this Ground Lease, at which time all title to and ownership of the Center shall automatically and immediately vest (without the necessity of any further action being taken by Lessee or Lessor or any instrument being executed and delivered by Lessee to Lessor) in Lessor.
The Premises, excluding the Facility Equipment, shall thereafter constitute and belong to and be the absolute property of Lessor or Xxxxxx's successors and assigns, without further act or conveyance, and without liability to make such compensation to Lessee or to anyone whomsoever, and free and discharged from all and every lien, encumbrance, claim and charge of any character created or attempted to be created by Xxxxxx at any time.
Notwithstanding any other provision of this Agreement, so long as there exists no Event of Default hereunder, the Lessee may from time to time request in writing to the Agency the release of and removal from this Agreement and the leasehold estate created hereby and by the Sublease Agreement of any unimproved part of the Land (on which none of the Improvements or Facility Equipment is situated) provided that such release and removal will not adversely affect the use or operation of the Facility.