Tunnel Lease definition
Examples of Tunnel Lease in a sentence
Except as expressly set forth in the Agreement, it is hereby acknowledged that Assignor makes no representation or warranty of any kind or nature relative to the Phoenix Tunnel Lease, including, without limitation, any representation or warranty regarding Assignor’s interest therein or Assignor’s right to assign or transfer the same.
All leases, subleases, licenses and other forms of agreement granting any party the right to use or occupancy of any portion of the Land and/or Improvements, and all renewals, modifications, amendments, guarantees, and other agreements affecting the same, specifically excluding, however, (i) the Fannin Ground Lease, (ii) the Phoenix Tunnel Lease, and (iii) the Phoenix Tunnel Sublease (defined below).
All maintenance, service, security, supply, promotional, utility service, equipment leases (for personal property not owned by Seller but used in connection with the Property) and other contracts and agreements to which Seller is a party relating to any component of the Property, specifically excluding, however, (i) the Leases, (ii) the Fannin Ground Lease, and (iii) the Phoenix Tunnel Lease.
Assignor hereby transfers and assigns to Assignee all of Assignor’s right, title, and interest, as lessee, in and under the Phoenix Tunnel Lease.
That certain Sublease Agreement dated December 19, 2006 by and between BREOF Phoenix, as sublandlord, and JPMorgan, as subtenant, and relating to the demised premises under the Phoenix Tunnel Lease.
Without limitation of any representations or warranties expressly set forth in the Agreement, this Assignment constitutes a quitclaim assignment only, and is intended to assign and transfer only such rights which Assignor may have, if any, with respect to the Phoenix Tunnel Lease.
Promptly following the Contract Date, Seller shall deliver an estoppel letter to each of the landlords under the ▇▇▇▇▇▇ Ground Lease and the Phoenix Tunnel Lease conforming with the estoppel requirements, if any, under each such lease (in each such instance, the “Required Ground Lease Estoppel Form”).
Except as may be disclosed in the Due Diligence Materials or other documents delivered or made available to Buyer, Seller has not received any currently effective notice in writing of any uncured material breach or default under the ▇▇▇▇▇▇ Ground Lease, the Phoenix Tunnel Lease or the Phoenix Tunnel Sublease which would have a material adverse effect on the operation or value of the Property.
At all times during the term of the Tunnel Lease (the “Term”), Enbridge shall maintain at its own expense, the insurance coverage outlined below, in each case with insurers having financial security ratings at least of “A-” by AM Best or “A” by Standard & Poor’s and which are authorized to do business in the State of Michigan.
Concurrent with the execution of this Agreement, and subject to its terms, the Authority will execute and grant to Enbridge the Tunnel Lease Agreement, in form and substance consistent with Schedule - Tunnel Lease, authorizing Enbridge to use the Tunnel for purposes of constructing, operating, and maintaining the Line 5 Straits Replacement Segment within the Tunnel for a term of ninety-nine (99) years.