Examples of Mall Parcel Creation Date in a sentence
GCCLLC has and, until the earlier to occur of the Mall Release Date and the Mall Parcel Creation Date, will have, good leasehold title to the Mall and the Mall Easements.
The provisions of Section 2.1 hereof with respect to the validity, priority, perfection, and subordination of all liens on and security interests in the Collateral shall continue to apply upon and following the Mall Parcel Creation Date.
From and after the Mall Parcel Creation Date and until the Mall Release Date GCCLLC will own the Mall and the Mall Easements in fee simple.
On the Mall Parcel Creation Date, pursuant to Section 5.16(b) of the Disbursement Agreement: (i) Venetian shall convey the Mall Parcel to Mall Construction Subsidiary, (ii) Venetian and Mall Construction Subsidiary shall terminate the Mall Lease, and (iii) the Secured Credit Parties, subject to obtaining the legal opinions and title policy endorsements provided for in Section 5.16(b), shall take the actions provided for in said Section 5.16(b).
Notwithstanding the foregoing, however, neither the Bank Agent nor the Mortgage Notes Trustee shall have any obligation to enter into a new Billboard Master Lease in accordance with this Section 2.2.1.2 prior to the Mall Parcel Creation Date unless either (i) the Interim Mall Lender then simultaneously enters into a new Mall Lease in accordance with the foregoing, or (ii) the Mall Lease (including any new Mall Lease previously entered into in accordance with this Section 2.2.1.2) is then in effect.
The Mall Construction Subsidiary has, and until the Mall Parcel Creation Date will have, valid leasehold estate in the Mall and the Mall Easements.
From and after the Mall Parcel Creation Date and until the Completion Date, Grand Canal Shops Mall, LLC will own the Mall and the Mall Easements in fee simple.
On the Mall Parcel Creation Date, Mall Construction Subsidiary is to acquire fee title to the Mall Parcel from Venetian as provided for herein and the portion of the Project other than the Mall will thereafter continue to be owned by Venetian.
From and after the Mall Release Date, Mall I LLC will (a) if the Mall Parcel Creation Date has occurred and from and after such occurrence, own the Mall and the Mall Easements in fee simple and (b) if the Mall Parcel Creation Date has not occurred and until such occurrence, have good leasehold title to the Mall and the Mall Easements.