Examples of Former Property in a sentence
Upon the satisfaction of all such conditions precedent, the Term of this Lease will thereupon end as to the Former Property and commence as to the Substitute Property, and all references to the Former Property will apply with full force and effect to the Substitute Property.
From and after the date on which all of the foregoing conditions precedent to such substitution are satisfied, the Term of this Lease shall cease with respect to the Former Property and shall be continued with respect to the Substitute Property, and all references herein to the Former Property shall apply with full force and effect to the Substitute Property.
The Authority and the City will execute, deliver and cause to be recorded all documents required to discharge the Site Lease, this Lease and the Assignment Agreement of record against the Former Property and to cause the Substitute Property to become subject to all of the terms and conditions of the Site Lease, this Lease and the Assignment Agreement.
No formal reply had been obtained from the Former Property Bureau so far.
In the event a Loss occurs in connection with an alleged release (as defined in CERCLA or any other Environmental Law), or alleged releases of Hazardous Materials at or from a Company Property or a Former Property, it shall be presumed that such release and the presence of Hazardous Materials constitutes a breach of a representation or warranty under Section 4.19, unless Seller proves that no breach of any representation or warranty occurred or exists.