Examples of Public Leased Premises in a sentence
If all or a portion of the Leased Premises shall be damaged or destroyed or subject to condemnation, the Borrower, with respect to the Public Leased Premises, and the Developer and the Borrower, with respect to the Garage Leased Premises, shall have certain rights and obligations to reconstruct or substitute other property for such Leased Premises, pursuant to and subject to the terms and conditions set forth in Leases.
TO HAVE AND TO HOLD the Public Leased Premises with all rights, privileges, easements and appurtenances thereunto belonging, unto the Lessee, beginning on the date of issuance of the 2024D Bonds and ending on the day prior to a date not later than twenty (20) years after the date of issuance of the 2024D Bonds.
In the event all or part of the Leased Premises is taken by exercise of the power of eminent domain and the Borrower with respect to the Public Leased Premises, or the Developer and the Borrower with respect to the Garage Leased Premises, fails to proceed to replace or reconstruct the Leased Premises, the net proceeds of any condemnation award shall be deposited with the Trustee and disbursed in the same manner that insurance proceeds are disbursed pursuant to Section 6.10 hereof.
In addition, each such reduced semi- annual installment shall be based on the value of the Public Leased Premises which are available for use by the Lessee at the time such semi-annual installment is made.
Each such semi-annual installment, payable as hereinafter described, shall be based on the value of the Public Leased Premises which are available for use and occupancy by the Lessee at the time such semi-annual installment is made.
If title to or the temporary use of the Public Leased Premises, or any part thereof, shall be taken under the exercise or the power of eminent domain by any governmental body or by any person, firm or corporation acting under governmental authority, any net proceeds received from any award made in such eminent domain proceedings (after payment of expenses incurred in such collection) shall be paid to and held by the Trustee under the 2024D Indenture.
The Lessee may enter into agreements with one or more other parties for the operation, maintenance, repair and alterations of all or any portion of the Public Leased Premises.
During the full term of this Public Lease, the Lessee shall, at its own expense, carry combined bodily injury insurance, including accidental death, and property damage insurance with reference to the Public Leased Premises in an amount not less than One Million Dollars ($1,000,000) on account of each occurrence with one or more good and responsible insurance companies.
The Lessee shall not assign this Public Lease or mortgage, pledge or sublet the Public Leased Premises herein described without the written consent of the Lessor.
The Lessee shall contract with the other parties to use and maintain the Public Leased Premises in accordance with the laws, regulations and ordinances of the United States of America, the State of Indiana, the City and all other proper governmental authorities.