Site Acquisition Date definition
Examples of Site Acquisition Date in a sentence
On the Site Acquisition Date for each Site, all material approvals of any Governmental Authority necessary for the commercial operation of such Site will have been received and be in full force and effect.
On the Documentation Date and each Site Acquisition Date the Trust will take whatever interest in the Trust Estate and whatever rights to and interests in the Master Lease and the Lease Supplements as were granted or conveyed to it, free and clear of any Lessor Liens attributable to it.
On or prior to the applicable Site Acquisition Date, the Lessor shall have delivered to the Agent a Specific Assignment of Leases and Rents substantially in the form attached to the Master Assignment of Leases and Rents with respect to the applicable Site, together with a consent to and acknowledgment of such Specific Assignment of Leases and Rents duly executed by the Lessee.
On or prior to the applicable Site Acquisition Date, the Lessee and the Lessor shall have delivered to the Agent a Construction Agency Agreement Supplement with respect to the applicable Site fully executed by the Lessee, as Construction Agent, and the Lessor.
With respect to the Site or Sites to be acquired on each Site Acquisition Date, Lessee shall deliver to Lessor certificates of insurance satisfactory to Lessor evidencing the existence of all insurance required to be maintained hereunder and setting forth the respective coverages, limits of liability, carrier, policy number and period of coverage.
On or prior to the applicable Site Acquisition Date, the Lessee and the Lessor shall have delivered the original counterpart of the Lease Supplement executed by the Lessee and the Lessor with respect to the applicable Site to the Agent.
The term of this Lease (the "Lease Term") shall begin on the first occurring Site Acquisition Date and shall end on the last occurring Site Expiration Date.
Any provision in this Section 2.5(d) to the contrary notwithstanding, any Site Acquisition Date shall be a permitted Advance Date, but only in respect of the Advance attributable to the acquisition of the applicable Site.
Each Site to be acquired on a Site Acquisition Date consists of either a Land Interest on which a Facility exists on the Site Acquisition Date or a Land Interest on which a Facility will be constructed pursuant to the Construction Agency Agreement.
On or prior to the applicable Site Acquisition Date, the Lessor shall have delivered to the Agent a Lender Mortgage substantially in the form attached hereto as Exhibit H (with appropriate modifications for applicable state law) with respect to the applicable Site, together with a consent to and acknowledgment of such Lender Mortgage duly executed by the Lessee.