Examples of Leased Property in a sentence
Title to the Leased Property shall also be held by the City, but shall be subject to the Site Lease and this Lease.
The Lender or its agents shall have the right at all reasonable times during the Lease Term to enter the Leased Property, subject to compliance with all security requirements, for the purpose of examining or inspecting the Leased Property, and upon two days prior notice by electronic means.
Should the Leased Property be located in an area designated by the Director of the Federal Emergency Management Agency as a special flood hazard area, the City agrees to obtain and maintain Federal Flood Insurance, if available, for the full unpaid principal balance of the Lease, up to the maximum policy limits set under the National Flood Insurance Program, or as otherwise required by the Lender, and to maintain such insurance for the term of the Lease.
The City acknowledges that it is now in possession of the Leased Property.
The City agrees that it will file with the Lender, from time to time upon written request of the Lender, a Certification of the Authorized City Representative setting forth a description of any additions, remodeling, modifications or improvements which have become a part of the Leased Property, which have been made during the Fiscal Year next preceding the filing of such Certification.