Examples of Xxxxx Complex Site in a sentence
So long as the Services and Supply Agreement is in effect, such performance with respect to compliance with laws applicable to the Xxxxx Complex Site and the Xxxxx Complex as may be rendered thereunder by the Lessor shall be deemed to fulfill Lessee's obligations under this Section.
So long as the Services and Supply Agreement is in effect, such performance with respect to maintenance of the Xxxxx Complex Site as rendered by Lessor thereunder shall be deemed to fulfill Lessee's obligations under this Section.
It is understood by the parties hereto that the Lessee is constructing the Xxxxx Complex on the Xxxxx Complex Site and the Xxxxx Complex, and all other improvements and structures constructed by Lessee on the Xxxxx Complex Site during the Xxxxx Complex Ground Lease Term, are the property of, and are owned by, the Lessee.
If an insubstantial portion of the Xxxxx Complex Site is condemned at any time, the Xxxxx Complex Ground Lease Term shall not terminate and net proceeds of the condemnation shall be used first to restore the Xxxxx Complex Site, with the balance divided between the Lessor and the Lessee in proportion to the fair market sales value of their interests in the property condemned.
The Lessor warrants and represents that it has (a) good and indefeasible title to the Xxxxx Complex Site and to all property covered by any Easement (other than the Easement granted pursuant to clause (c) of Section 2.2, with respect to which it has a valid and enforceable easement interest with the right to grant such Easement), in fee simple absolute and (b) the right to convey the Easements, in each case free and clear of all liens and encumbrances, except for Permitted Liens.
This Xxxxx Complex Ground Lease is not intended to grant, transfer, assign, convey or evidence any other estate in or to Lessee, including (without limitation) any fee simple estate, determinable fee estate, nor fee estate for years in or to the Xxxxx Complex Site.
All terms and provisions of this Xxxxx Complex Ground Lease (except for the obligation of Lessee to pay rent) shall continue in full force and effect for the period of Lessee's occupancy of the Xxxxx Complex Site for such removal.
In the event Lessee elects not to or fails to remove the Xxxxx Complex as hereinabove provided, then the Xxxxx Complex shall become and be the property of Lessor, without compensation to Lessee and, upon request of Lessor, Lessee promptly shall execute and deliver to Lessor a recordable special warranty deed (deed to improvements on leasehold) conveying the improvements installed or constructed on the Xxxxx Complex Site by Lessee to Lessor.
On and subject to the terms, provisions and conditions of ----- the Xxxxx Complex Ground Lease, Lessor has leased, let, demised and rented the Xxxxx Complex Site to Lessee, and Lessee has leased and accepted the Xxxxx Complex Site from Lessor, for an initial lease term (the "Xxxxx Complex Initial Term") commencing on the date hereof and ending on August 19, 2029.
So long as the Senior Debt is outstanding, unless --------- the Collateral Trustee shall otherwise expressly consent in writing, the fee title to each of the Xxxxx Complex Site shall remain separate and distinct from and shall not be merged into the leasehold estate demised to the Lessee hereby.