CUSA Properties Sample Clauses

CUSA Properties. See Section 2.1.
Sample 1Sample 2
AutoNDA by SimpleDocs
CUSA Properties. At the Closing, CUSA shall sell, convey, transfer and assign to Refinery Buyer and Refinery Buyer shall purchase and receive from CUSA all right, title and interest of CUSA in and to CUSA’s crude oil refinery and light products marketing terminal at El Paso, Texas and the assets associated with the crude oil refinery and light products marketing terminal (the “North Refinery”), being more particularly described as follows (collectively the “CUSA Properties”):
Sample 1
CUSA Properties. At the Closing, CUSA shall sell, convey, transfer and assign to Buyer and Buyer shall purchase and receive from CUSA all right, title and interest of CUSA in and to assets associated with Sellers' crude oil and natural gas production associated with the Point Xxxxxxxx Project, as such assets are described as follows (collectively the "CUSA Properties"). Notwithstanding the foregoing, certain CUSA Properties are jointly used in the ownership, use, operation, maintenance, improvement or abandonment of the properties related to the Santa Xxxxxxx Channel and Dos Xxxxxxx Projects (the "SBC/DC Properties") transferred to Venoco, Inc. ("Venoco") under the Purchase and Sale Agreement among CUSA, CPL, Venoco and Ellwood Pipeline, Inc. dated as of November 4, 1998. Such jointly used properties are designated in the referenced Schedules by a "J," and shall be transferred in accordance with the provisions of Section 5.5 of this Agreement:
Sample 1
CUSA Properties. 8 2.2 CPL Properties . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 2.3
Sample 1

Related to CUSA Properties

  • Real Properties The Company does not have an interest in any real property, except for the Leases (as defined below).

  • Leased Properties Section 3.22 of the Disclosure Schedule sets forth a list of all of the leases and subleases ("Leases") and each leased and subleased parcel of real property in which the Company has a leasehold or subleasehold interest or to which the Company is a party either as landlord or sublandlord (the "Leased Real Property"). Each of the Leases are in full force and effect, and the Company holds a valid and existing leasehold or subleasehold interest or Landlord or Sublandlord interest as applicable, under each of the Leases described in Section 3.22 of the Disclosure Schedule. The Company has delivered to HK true, correct, complete and accurate copies of each of the Leases. With respect to each Lease set forth on Section 3.22 of the Disclosure Schedule: (i) the Lease is legal, valid, binding, enforceable and in full force and effect; (ii) to the Knowledge of the Company the Lease will continue to be legal, valid, binding, enforceable and in full force and effect on identical terms following the Closing; (iii) neither the Company, nor, to the Knowledge of the Company, any other party to the Lease, is in breach or default, and no event has occurred which, with notice or lapse of time, would constitute such a breach or default by the Company or permit termination, modification or acceleration under the Lease by any other party thereto; (iv) the Company has not, and, to the Knowledge of the Company, no third party has repudiated any provision of the Lease; (v) there are no disputes, oral agreements, or forbearance programs in effect as to the Lease; (vi) the Lease has not been modified in any respect, except to the extent that such modifications are disclosed by the documents delivered to HK; (vii) the Company has not assigned, transferred, conveyed, mortgaged, deeded in trust or encumbered any interest in the Lease (except for Permitted Liens); and (viii) the Lease is fully assignable to HK without the necessity of any consent or the Company shall obtain all necessary consents prior to the Closing.

  • Owned Properties The Company does not own any real property.

  • The Properties 3.1 All of the Properties are in England, Wales or Scotland.

  • Leasehold Properties In relation to those Properties which are leasehold:

  • Mortgaged Properties No Loan Party that is an owner of Mortgaged Property shall take any action that is reasonably likely to be the basis for termination, revocation or denial of any insurance coverage required to be maintained under such Loan Party’s respective Mortgage or that could be the basis for a defense to any claim under any Insurance Policy maintained in respect of the Premises, and each Loan Party shall otherwise comply in all material respects with all Insurance Requirements in respect of the Premises; provided, however, that each Loan Party may, at its own expense and after written notice to the Administrative Agent, (i) contest the applicability or enforceability of any such Insurance Requirements by appropriate legal proceedings, the prosecution of which does not constitute a basis for cancellation or revocation of any insurance coverage required under this Section 5.04 or (ii) cause the Insurance Policy containing any such Insurance Requirement to be replaced by a new policy complying with the provisions of this Section 5.04.

  • Existence; Businesses and Properties (a) Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence, except as otherwise expressly permitted under Section 6.05.

  • Borrowing Base Properties (a) Except where the failure to comply with any of the following would not have a Material Adverse Effect, each of Parent and Borrower shall, and shall use commercially reasonable efforts to cause each other Loan Party or the applicable tenant, to:

  • Operations and Properties Borrower shall, and shall cause each of its Subsidiaries to, act prudently and in accordance with customary industry standards in managing or operating its assets, properties, business and investments. Borrower shall, and shall cause each of its Subsidiaries to, keep in good working order and condition, ordinary wear and tear excepted, all of its assets and properties which are necessary to the conduct of its business.

  • Properties; Liens Each Company has good title to all of its property reflected on the Current Financials (except for property that is obsolete or that has been disposed in the ordinary course of business or, after the date of this Agreement, as otherwise permitted by Section 8.7 or Section 8.8). Except for Permitted Liens, no Lien exists on any Unencumbered Property, and the execution, delivery, performance, or observance of the Loan Documents shall not require or result in the creation of any Lien on any Unencumbered Property.

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