Examples of Museum property in a sentence
Notwithstanding anything herein to the contrary, the Foundation hereby waives all claims against the City as to the condition of the Museum Property.
Tenant shall use the Premises for Museum purposes (including the display of Museum Property, and cultural, educational, and special events), ancillary purposes (including cafe and gift shop), functions and events hosted or sponsored by Tenant, and related office, educational, research, administrative, storage, and back- of-house uses only.
Construction of the New Museum on the Museum Property and Convention Center Improvements on the Convention Center Property shall not materially interfere with or delay City in the construction of the Skywalk Improvements.
In the event of substantial damage or destruction prior to the Museum Closing, the City shall have the option of using insurance proceeds to rebuild the Museum Property such that this Agreement shall continue and the Foundation shall complete the Museum Closing regardless of the extent of damages.
The City shall be responsible for any survey or platting work necessary to perfect a title defect or convey the Museum Property to the Foundation.
In the event of any material damage to or destruction of the Premises, any Improvements thereon, or Museum Property (i.e. the cost of repairing or replacing the same equals or exceeds thirty percent (30%) of the fair market value of the Improvements or Museum Property, as applicable, immediately preceding such damage or destruction) (“Major Destruction”) from any causes whatever, Tenant shall promptly give written notice thereof to Landlord.
The purchase price for the Museum Property shall be One Dollar ($1.00) or similar and other consideration (the "Museum Property Purchase Price").
Notwithstanding the foregoing, the ownership of the Museum Property and all personal property of Tenant shall remain with Tenant in all events.
For purposes of this Section, the Net Sales Proceeds shall be equal to the amount of sales proceeds distributed at the close of escrow of the sale of the Fire Station Property in exchange for a release of the JPMorgan Deed of Trust from the Fire Station Property as set forth in the final closing statement prepared by the title company at the close of escrow for the sale of the Fire Museum Property.
The City authorizes the Foundation and/or its agents and contractors reasonable access to the Museum Property for survey and platting purposes prior to the Museum Closing.