Immovable Properties definition
Examples of Immovable Properties in a sentence
A circular containing, among other things, (i) details of the Acquisition; (ii) financial information of the Group; and (iii) the valuation report on the Immovable Properties, is expected to be despatched to the Shareholders on or before 24 December 2013 as additional time is required for the preparation of the circular.
Taxes and expenses with respect to property registration and Immovable Properties ownership, as well as expenses for the registration of rights to use the Site shall be covered by the Concessionaire.
The Concessionaire’s limitation and obligation to transfer the ownership right and handback the Immovable Properties to the Contracting Authority in line with article 17 shall be registered in the immovable property register.
For purposes of financing the Construction Works, the Concessionaire may create a security charge over its rights and interests, under and pursuant to this Agreement, or any other Agreement relating to the Project to which it is a party, any of its Immovable Properties and other assets in its ownership, pursuant to the Financing Agreement.
Irrespective of the above, the Concessionaire’s right of ownership over the Immovable Properties shall be limited from the Concessionaire’s obligation to not alienate (sell, donate or transfer in any way) the Immovable Properties, in whole or in part, in favor of third parties, without the written approval of the Contracting Authority.
Except for the items as listed in Article 3.10(d) of Seller’s Exclusion Appendix, to its knowledge, Seller’s interests in the Transferred Immovable Property Rights are not legally challenged by any Person (including any Government Authorities), and the Immovable Properties where Noah Operations is located are not occupied by any lessee (except the Seller or any of its Affiliates).
The Mortgagor stated that he / she shall not create any further charge on the Immovable Properties and that the Immovable Properties shall be a continuing security until the balance under the Outstanding Obligations has been repaid to the satisfaction of the Lender.
Depositor has further stated that aforesaid deposit was made/ oral consent was given with the intent to create the mortgage over the Immovable Properties mentioned in the Schedule I in favour of RHFL to secure the liability that may arise out of the said Facilities granted to the Borrower together with interest, costs, charges and expenses and all the monies that may become payable by the Borrower under or in respect of the said Facilities.
All of the Immovable Properties, buildings, fixtures and improvements thereon leased by the Company and/or the Subsidiary are in good operating condition and in a state of repair (subject to normal wear and tear), and have been properly serviced and maintained, and the usage thereof is in compliance with Applicable Law, including all regulations and standards regarding health and safety protection.
To the Seller and Company’s knowledge, there do not exist any easements over any of the Leased Immovable Properties, which would affect the Company’s use and enjoyment of the properties.