Land Restoration Sample Clauses

Land Restoration. Lessee agrees that upon the expiration or termination of this Agreement and consistent with Section 2.4 of this Agreement, Landowner may elect to retain improvements, facilities or equipment constructed or installed on the Property. If Landowner so elects, Landowner shall pay Lessee the salvage value of said improvements, facilities or equipment. Otherwise, Lessee shall, at its sole cost and expense, (a) plug and abandon any geothermal xxxxx on the Property in accordance with applicable law, (b) remove from the surface of the Property any other equipment and facilities owned or installed by Lessee thereon, (c) level and fill in all sump holes and mud pits, and, to the extent that it utilized any portion or portions of the surface of the Property, re-contour such portion or portions as closely as reasonably practicable to the contour of the surface of the Property that existed as of the date immediately prior to the commencement of Lessee’s activities on such portion of the Property, (d) if applicable, re-seed such portion or portions of the Property with a seed reasonably satisfactory to Landowner, and (e) leave the surface of the Property free from debris; provided, however that with regard to any facilities installed by Lessee (other than xxxxx) located beneath the surface of the Property, including footings and foundations, Lessee shall only be required to remove the same to a depth of six (6) feet below the surface of the Property. If Lessee fails to complete such restoration within twelve (12) months after such expiration or earlier termination of this Agreement, then Landowner may do so, in which case Lessee shall, within thirty (30) days after receipt of an invoice from Landowner, reimburse Landowner for its reasonable out-of-pocket costs of such restoration, less any salvage value received by Landowner, and if such amounts are not reimbursed by Lessee, Landowner shall have the right to draw upon or resort to the restoration and reclamation security provided by Lessee pursuant to Section 7.1.”
Sample 1Sample 2
AutoNDA by SimpleDocs
Land Restoration. Whenever there is a covered loss to your residence premises and the related repair or rebuilding requires excavation, replacement, stabilization, or filling of land under or around your foundation or residence premises, we will pay up to 10% of the amount of the covered property loss to your residence premises for the excavation, replacement, stabilization, or filling of the land.
Sample 1
Land Restoration. Owner agrees to restore the Land to a vacant “bare ground” state that is ready for development of the Project thereon, including (a) abatement and removal of any Hazardous Materials (as defined in Section 17.116.1) thereon, if any; (b) removal of any existing structures and other improvements on the Land, including any below-grade elements thereof (such as foundations, footings and utilities; (c) restoration of the surface of the Land to a clear, level and rough graded condition (collectively, the “Land Restoration”). Owner agrees to use commercially reasonable efforts to complete the Land Restoration on or before April 30, 2022. Owner will provide Tenant with a completion notice once the Land Restoration is fully complete and the Land is ready for development of the Project (the “Completion Notice”).
Sample 1
Land Restoration. Contractor agrees to leave all fences, gates and lands upon which Surveys are conducted, as near as possible, in the same condition as when entered upon by Contractor. All holes drilled by Contractor (or its subcontractors) shall be filled and left in a safe condition, so as to remove all hazard to persons or property, the latter to particularly include, but not be limited to, livestock. In the event that any such holes thereafter require additional or remedial work after Contractor’s crew has departed from the particular locality or after this Master Agreement (or the applicable Supplemental Agreement) is otherwise terminated, Contractor agrees, upon Company's notification and request, to do such work, but in that event, Company shall reimburse Contractor for the cost of its personnel and equipment employed in the performance of such work.
Sample 1
Land Restoration 
Sample 1Sample 2Sample 3See All (16)

Related to Land Restoration

  • Repair and Restoration If the Mortgaged Property can be repaired or restored to substantially the same condition as existed prior to the event causing such damage or destruction, or the effect of the combination can be relieved so that the status of the Mortgaged Property will be restored to substantially the same status as existed prior to the event causing such condemnation, without, in either case, jeopardizing repayment of the principal of and interest on the Indebtedness, and Grantor elects to repair and restore the Mortgaged Property, the Proceeds will be deposited with the Beneficiary and held in a special escrow account of the Beneficiary to be applied to repair, replace, or improve the Mortgaged Property. Proceeds held in such escrow account held by the Beneficiary shall be disbursed by the Beneficiary for the repair, replacement, or improvement of the Mortgaged Property upon receipt by the Beneficiary from the Grantor of (A) an architect's certificate with each draw submitted by Grantor stating that the repairs, replacements, or improvements completed through the date of such draw are practical and necessary, have been completed in accordance with plans and specifications previously provided to the Beneficiary, and that such repairs, replacements, or improvements comply with all applicable statutes, codes, and regulations; (B) a certificate stating that sufficient moneys are available to cause such repair, restoration, replacements, or improvements; (C) requisitions and certificates from the Grantor in the form reasonably acceptable to the Beneficiary; (D) applicable lien waivers; and (E) an endorsement to the title insurance policy insuring the continued priority of the lien of this Mortgage. The Beneficiary shall retain ten percent (10%) of the requested disbursements to be disbursed upon final completion of the repairs, replacements, or improvements as certified by an independent architect and receipt of waivers of liens and an endorsement to the title policy for the Mortgaged Property insuring the continued priority of the lien of this Mortgage. If at any time during the restoration, the Proceeds are less than the estimated cost to repair the Mortgaged Property, the Grantor shall pay an amount equal to the shortfall. The Grantor may rely upon the advice of architects, engineers, accountants, financial consultants, attorneys, or other experts selected by it in the foregoing matters. Any Proceeds in excess of the amount required to repair and restore the Mortgaged Property under this Alternative A, at the direction of the Grantor, shall either be used to prepay the Indebtedness or disbursed to the Grantor.

  • Land The real property described in Exhibit A attached hereto and made a part hereof (the “Land”);

  • Ground Lease Reserved.

  • Ownership Removal Surrender and Restoration 8.4.1 Subject to Lessor’s right to require removal or elect ownership as hereinafter provided, all Alterations and Utility Installations made by Lessee shall be the property of Lessee but considered a part of the Premises. Lessor may, at any time, elect in writing to be the owner of all or any specified part of the Lessee Owned Alterations and Utility Installations; provided, however, that the modular clean room and the permanent electrical generator installed adjacent to the Premises (as shown on Exhibit A) shall remain the property of the Lessee and which the Lessee agrees to remove from the premises upon Lease termination. Unless otherwise instructed per Section 8.4.2 hereof, all Lessee Owned Alterations and Utility Installations shall, at the expiration or termination of this Lease, become the property of Lessor and be surrendered by Lessee with the Premises.

  • Restoration The following provisions shall apply in connection with the Restoration of the Property:

  • No Light, Air or View Easement Any diminution or shutting off of light, air or view by any structure which may be erected on lands adjacent to or in the vicinity of the Building shall in no way affect this Lease or impose any liability on Landlord.

  • Land Use The current use and occupancy of the Property for hotel purposes are permitted as a matter of right as a principal use under all laws applicable thereto without the necessity of any special use permit, special exception or other special permit, permission or consent.

  • True Lease Landlord and Tenant intend for this Lease to be a true lease and not a transaction creating a financing arrangement. Each party shall take all reasonable steps to reflect the transaction represented hereby in all applicable books, records and reports (including, without limitation, income tax filings) in a manner consistent with "true lease" treatment rather than "financing" treatment.

  • TO LEASE This Rider No. 2 is made and entered into by and between SPUSV5 500 BRAND, LP, a Delaware limited partnership (“Landlord”), and EVERBRIDGE, INC., a Delaware corporation (“Tenant”), as of the day and year of the Lease between Landlord and Tenant to which this Rider is attached. Landlord and Tenant hereby agree that, notwithstanding anything contained in the Lease to the contrary, the provisions set forth below shall be deemed to be part of the Lease and shall supersede any inconsistent provisions of the Lease. All references in the Lease and in this Rider to the “Lease” shall be construed to mean the Lease (and all exhibits and Riders attached thereto), as amended and supplemented by this Rider. All capitalized terms not defined in this Rider shall have the same meaning as set forth in the Lease.

  • Agreement to Lease Landlord agrees to lease to Tenant and Tenant agrees to lease from Landlord, according to the terms and conditions set forth herein, the Premises.

Time is Money Join Law Insider Premium to draft better contracts faster.