New Easements definition
Examples of New Easements in a sentence
Notwithstanding anything to the contrary set forth herein, on or prior to Closing, Seller shall have the right to execute and record the New Easements in a form reasonably acceptable to Seller and Purchaser.
Therefore, as a principal inducement to Mortgagee to make the Loan and with the knowledge that Mortgagee will materially rely upon this Section in so doing, Mortgagor covenants (except with respect to Permitted New Easements) not to further encumber the Mortgaged Properties without first receiving Mortgagee’s express written consent in each instance, which consent Mortgagee may withhold in its sole discretion.
The total purchase price to be paid by the City to Seller for the Phase 1 and Phase 2 Easements (together, the "New Easements") is $125,533.00 (the "Purchase Price").
To the extent reasonably requested by Purchaser prior to the Closing, the New Easements shall include reciprocal grants of easements to Purchaser for purposes of access to the Property over existing roads located on such other lands of Seller and its affiliates.
Schedule 2.04-II lists six easements (the "New Easements") covering assets which are part of the P/P Splitter Facility and one easement covering the Bay Area Pipeline over and across Enterprise Products Texas Operating L.P.'s lands.
Purchaser and its Affiliates shall cooperate with Seller in such efforts, including executing all documents pertaining to the New Easements as are reasonably requested by Seller.
Costs 5,000.00 2,500.00 2,500.00 Fees for Preparing New Easements or Modifications of Existing Easements $15,000.00 15,000.00 0.00 Construction Management Fee 75,000.00 52,500.00 22,500.00 Land Costs (14 AC.
In the case of any (i) Conditionally Assigned Easements or (ii) New Easements that have not been obtained by Purchaser prior to Closing, to the extent permitted by Applicable Law, Purchaser shall to the extent commercially practical and legally and contractually permissible agree following Closing on alternative operating arrangements as set forth on Schedule 8.8(b).
To the extent reasonably requested by Purchaser prior to the Closing, the New Easements shall include grants of easements to Purchaser for purposes of access to the Property over existing roads located on such other lands of Seller and its affiliates.
Seller shall transfer and convey the New Easements free and clear of liens and encumbrances, except for taxes for the year of closing and current installments for special assessments.