Examples of Leased Parcel in a sentence
For the convenience of both parties a Leased Parcel Summary and a Rental Summary are attached to this Lease Agreement.
Each structure located on each Leased Parcel is structurally sound, adequately maintained and is in good condition and repair consistent with the uses to which it is presently being put or intended to be put.
The existing use of each tract of Real Property and the Leased Parcel and the continuing operation of the Business is not dependent on the use or availability of any other tract, and no restrictions exist in the right to remodel, rebuild or replace any improvements on the Real Property.
To the extent reasonably possible, such utilities for the benefit of the Development Parcel shall be located underground within the shaded areas of the Leased Parcel designated as “30 Ft. Wide Access And Utility Easement To Serve Future Development” and the “Existing 40 Ft. Wide Access Easement to Serve Future Development” on the drawing attached hereto as Exhibit B, unless otherwise located by the respective providers of the utilities services.
If the Drainage Pond is expanded onto the Development Parcel, the Development Parcel and the Leased Parcel shall maintain that portion of the Drainage Pond located on their respective properties.
Each Leased Parcel has all necessary utilities connections and supply (including sanitary and storm water sewer, drainage, electricity, steam and gas), ingress to and egress from the Leased Parcel with access to public roads or highways, directly or through easements, and on-site parking and signage rights sufficient for the operation of the Company’s and each of its Subsidiary’s business as currently conducted thereon in all material respects.
Each lease covering a Leased Parcel is in full force and effect (there existing no default under any such lease which, with the lapse of time or notice or otherwise, would entitle the lessor to terminate the same), conveys the leased real estate purported to be conveyed thereunder is enforceable by the Seller and will be enforceable by the Buyer in accordance with its terms.
Seller has good and marketable title to its (i) leasehold estate in each Leased Parcel, and (ii) estate in, or right to, each Hospital Parcel, in each case free and clear of all Encumbrances on such estate or right, except Permitted Real Property Encumbrances.
This Declaration of Easement shall inure to and be binding upon the heirs, successors and assigns of Declarant and Owner and shall run with and benefit and burden the Development Parcel and shall run with and benefit and burden the Leased Parcel forever or until this Declaration and the easements created hereunder shall be terminated by Owner or its heirs, successors and assigns by written, recorded instrument.
In the event that the lessor under the Ground Lease shall offer to sell its interest (the "Lessor's Interest") in the Ground Leased Parcel to either Member, the Member in receipt of such offer shall promptly submit the offer to the Management Committee for review.