CONVEYANCE AND LEASE. Section 11.01. Company May Consolidate, Etc. on Certain Terms 51 Section 11.02. Successor Corporation to Be Substituted 52 Section 11.03. Opinion of Counsel to Be Given to Trustee 52 ARTICLE 12 IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS Section 12.01. Indenture and Notes Solely Corporate Obligations 52 ARTICLE 13 [INTENTIONALLY OMITTED]
CONVEYANCE AND LEASE. Section 11.01.
CONVEYANCE AND LEASE. 58 SECTION 10.01. Company May Consolidate, etc., on Certain Terms.......................................... 58 SECTION 10.02. Successor Corporation to be Substituted for Company........................................ 59 SECTION 10.03. Opinion of Counsel to be Given Trustee......... 60
CONVEYANCE AND LEASE. SECTION 10.01. Company May Consolidate, etc., on Certain Terms 50 SECTION 10.02. Successor Entity to be Substituted 50 SECTION 10.03. Opinion of Counsel to be Given to Trustee 51 ARTICLE XI SATISFACTION AND DISCHARGE OF INDENTURE SECTION 11.01. Discharge of Indenture 51 SECTION 11.02. Deposited Moneys to be Held in Trust by Trustee 52 SECTION 11.03. Paying Agent to Repay Moneys Held 52 SECTION 11.04. Return of Unclaimed Moneys 52 ARTICLE XII IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS SECTION 12.01. Indenture and Debt Securities Solely Corporate Obligations 52 iv 7 ARTICLE XIII MISCELLANEOUS PROVISIONS SECTION 13.01. Successors 53 SECTION 13.02. Official Acts by Successor Entity 53 SECTION 13.03. Surrender of Company Powers 53 SECTION 13.04. Addresses for Notices, etc. 53 SECTION 13.05. Governing Law 53 SECTION 13.06. Evidence of Compliance with Conditions Precedent 54 SECTION 13.07. Non-Business Days 54 SECTION 13.08. Trust Indenture Act to Control 54 SECTION 13.09. Table of Contents, Headings, etc. 54 SECTION 13.10. Execution in Counterparts 55 SECTION 13.11. Separability 55 SECTION 13.12. Assignment 55 SECTION 13.13. Acknowledgment of Rights 55
CONVEYANCE AND LEASE. SECTION 10.01. Company May Consolidate, etc., Only on Certain Terms SECTION 10.02. Successor Person Substituted
CONVEYANCE AND LEASE. . . . . 59 SECTION 10.01 Company May Consolidate, etc., on Certain Terms . . . . . . . . . . . . . . . . . . . 59 SECTION 10.02 Successor Corporation to be Substituted for Company . . . . . . . . . . . . . . . . . 60 SECTION 10.03 Opinion of Counsel to be Given Trustee . . . . . . . . . . . . . . . . . . . . . . . 61 ARTICLE XI
CONVEYANCE AND LEASE. Section 11.01. Company May Consolidate, Etc. on Certain Terms
CONVEYANCE AND LEASE. Back of Stadium Site. Cubs (or an entity formed or identified to acquire the Stadium Site) will convey to the City, at no cost or expense to City, fee simple title to a parcel of land to be used as and for the Stadium, including public right- of-way to an arterial street (the “Stadium Site”). Following conveyance of the Stadium Site to the City, the City shall lease the Stadium Site to Cubs, utilizing a form of lease attached to the Agreement as an exhibit (“Stadium Lease”), the terms of which will be consistent with this MOU. The term of the Stadium Lease will be coterminous with the Agreement. Following the 30th year after signing of the Agreement (or, if earlier, the period in which the bonds used to finance the initial construction of the Project will have been paid), Cubs may in its discretion purchase from the City for $1 the Stadium Site. Following termination of the Agreement, Cubs may in its discretion purchase from the City the Improvements on the Stadium Site for a value to be agreed by the Parties, provided however Cubs shall have a credit against such price equal to the value of the Cubs’ contribution(s) to Capital Improvements as set forth in Section 5.4, provided such Improvements have a reasonable useful commercial life remaining after Year 20.
CONVEYANCE AND LEASE. Section 12.01. Company and the Subsidiary Guarantor May Consolidate on Certain Terms 56 Section 12.02. Successor to Be Substituted 57 Section 12.03. Opinion of Counsel to Be Given Trustee 58
CONVEYANCE AND LEASE. Company May Consolidate, Etc. on Certain Terms. Subject to the provisions of Section 5.2, the Issuer shall not, directly or indirectly, consolidate with, merge with or into, or sell, convey, transfer or lease all or substantially all of its properties and assets to another Person unless: the resulting, surviving or transferee Person (the “Successor Company”), if not the Issuer, shall be a corporation, organized and existing under the laws of the United States of America, any State thereof, the District of Columbia, the Cayman Islands, the British Virgin Islands, Bermuda or Hong Kong and the Successor Company (if not the Issuer) shall expressly assume all of the obligations of the Issuer under this Note and the Refinancing Documents; no Fundamental Change shall have occurred as a result of such merger or consolidation; and immediately after giving effect to such transaction, no Default or Event of Default shall have occurred and be continuing under this Note. For purposes of this Section 5.1, the sale, conveyance, transfer or lease of all or substantially all of the properties and assets of one or more Subsidiaries of the Issuer to another Person, which properties and assets, if held by the Issuer instead of such Subsidiaries, would constitute all or substantially all of the properties and assets of the Issuer on a consolidated basis, shall be deemed to be the sale, conveyance, transfer or lease of all or substantially all of the properties and assets of the Issuer to another Person and except as permitted pursuant to and subject to the conditions as set out in this Article V, the provisions of Section 3.3(a) shall apply.
