Examples of Theatre Assets in a sentence
Defendants may not reacquire any part of the Theatre Assets during the term of this Final Judgment.
Material changes in estimates are summarized in Note 4 "Impairment of Theatre Assets, Early Lease Terminations and Restructure." Management bases its estimates on historical experience and on various assumptions that are believed to be reasonable under the circumstances at the time such estimates are made.
None of the Mortgaged Properties is (or, with respect to the Theatre Assets, will be after giving effect to the Acquisition Agreements) owned or operated under or by reference to any registered or protected trademark, trade name, service mark or of Borrower, Guarantor or their Subsidiaries.
Upon the first to occur of (a) the refinancing or repayment and satisfaction of the Obligations in full and (b) the pledging of the Theatre Assets as Eligible Real Estate under (and as defined in and in accordance with the terms of) the Fleet Agreement and the making of the mandatory prepayment required pursuant to ss.3.2(b), then the Agent shall release the Potential Collateral from the lien and security interest of the Mortgages and any other security documents.
The Agent shall have received from Guarantor, copies of property condition reports with respect to the Theatre Assets, proof of environmental indemnities from the seller of the Theatre Assets or environmental reports on such properties, and copies of surveys and title reports on the Theatre Assets, to run in favor of the Lenders or accompanied by reliance letters in favor of the Lenders, in each case, in form and content satisfactory to Agent.
Guarantor shall not initiate or consent to any zoning reclassification of any of the Theatre Assets or seek any variance under any existing zoning ordinance or use or permit the use of such property in any manner that could result in such use becoming a non-conforming use under any zoning ordinance or any other applicable land use law, rule or regulation.
There are no unpaid or outstanding real estate or other taxes or assessments on or against any of the Theatre Assets which, after giving effect to the Acquisition Agreements, are payable by the Borrower or Guarantor (except only real estate or other taxes or assessments, that are not yet delinquent or are being protested as permitted by this Agreement or the applicable Leases).
There are no pending eminent domain proceedings against the Theatre Assets or any property of the Borrower, the Guarantor or their Subsidiaries or any part thereof, and, to the knowledge of the Borrower, no such proceedings are presently threatened by any taking authority which may individually or in the aggregate have any Material Adverse Effect.
The Policies described in Section 7.7(a) shall, with respect to the Theatre Assets if they become collateral hereunder, designate Agent for the benefit of the Lenders as additional insured on all applicable policies of liability insurance and shall include a loss payable clause and standard non-contributing mortgagee clause in favor of Agent for the benefit of the Lenders providing that any loss thereunder shall be payable to the Agent for the benefit of the Lenders.
Guarantor shall not initiate any change in any laws, requirements of governmental authorities or obligations created by private contracts and Leases which now or hereafter may materially adversely affect the ownership, occupancy, use or operation of the Theatre Assets.