Examples of Lease and Access Agreements in a sentence
Capitalized terms used in this Agreement and not otherwise defined shall have the meanings for such terms set forth in the Lease and Access Agreements.
This Agreement shall be in full force and effect on and from the date hereof and shall continue for a term that is co-terminous with the Lease and Access Agreements (the “Term”) such that if any Lease and Access Agreement is terminated or expires for any reason, this Agreement shall also be deemed to have terminated with respect to the portion of the Relevant Assets and any Additional Improvements on the same date of the termination or expiration of such Lease and Access Agreement.
This Agreement shall be in full force and effect on and from the date hereof and shall continue for a term that is co-terminous with the Lease and Access Agreements (the “Term”) such that if any Lease and Access Agreement is terminated or expires for any reason, this Agreement shall also be deemed to have terminated with respect to the portion of the Relative Assets and any Additional Improvements on the same date of the termination or expiration of such Lease and Access Agreement.
Stated on SCHEDULE 4.7 is a complete and accurate list of all of the Telephone Lease and Access Agreements presently owned by Seller which constitute part of the Assets.
The Lease and Access Agreements set forth the relative rights of Delek Logistics and Lion with respect to (a) access by Delek Logistics to the buildings and other assets owned or leased by Lion located at the Refinery Site that are reasonably necessary for the operation of the Relevant Assets and any Additional Improvements and (b) access by Lion to the Premises in order to inspect, repair or maintain any SUMF Assets, and such section is incorporated herein by reference.
The "Assets" are the assets of Seller which comprise the Systems, comprised of the Telephone Lease and Access Agreements, existing as of the date this Agreement or acquired by Seller prior to Closing in the ordinary course of business.
The Lease and Access Agreements set forth the relative rights of Delek Marketing and Delek Refining with respect to (a) access by Delek Marketing to the buildings and other assets owned or leased by Delek Refining located at the Refinery Site that are reasonably necessary for the operation of the Relevant Assets and any Additional Improvements and (b) access by Delek Refining to the Premises in order to inspect, repair or maintain any SUMF Assets, and such section is incorporated herein by reference.
The foregoing does not preclude such parties from informing any other person or entity of the fact that the Systems, the Telephone Lease and Access Agreements and other Assets relating to the Systems will be or have been transferred to Purchaser, so long as such communication does not disclose any further details regarding the transaction.
Seller will assign to Purchaser and Purchaser will assume (1) each of the Telephone Lease and Access Agreements listed on Schedule 4.7, and (2) liability for personal property taxes as apportioned pursuant to Section 3.5. Purchaser's assumption of all obligations and liabilities described in this Section 1.3 will accrue following Closing (but not before).
Each of the Telephone Lease and Access Agreements is valid and binding is in full force and effect.