Common use of Easements; Dedications Clause in Contracts

Easements; Dedications. Without the consent of Lender, Borrower shall have the right from time to time to release property, grant easements, or dedicate property in connection with lot line adjustments, utility or road requirements or other similar items, provided that any such release, easement or dedication will not have a material adverse effect on the value, use or operation of the applicable Collateral Property and such Collateral Property will remain in compliance with all Requirements of Law.

Appears in 1 contract

Samples: Loan Agreement (Westfield America Inc)

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Easements; Dedications. Without the consent of Lender, Borrower shall have the right from time to time to release property, grant easements, or dedicate property in connection with lot line adjustments, utility or road requirements or other similar items, provided that any such release, easement or dedication will not have a material adverse effect on the value, use or operation of the applicable Collateral Property and such the Collateral Property will remain in compliance with all Requirements of Law.

Appears in 1 contract

Samples: Loan Agreement (Westfield America Inc)

Easements; Dedications. Without the consent of Lender, Borrower shall have the right from time to time to release property, grant easements, or dedicate property in connection with lot line adjustments, utility or road requirements or other similar items, provided that any such release, easement or dedication will not have a material adverse effect on the value, use value or operation utility of the applicable Collateral Property and such Collateral Property will remain in compliance with all Requirements of Law...............................68 6.11 Leases...........................................................68 6.11.1

Appears in 1 contract

Samples: Loan Agreement (Westfield America Inc)

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Easements; Dedications. Without the consent of Lender, Borrower shall have the right from time to time to release property, grant easements, or dedicate property in connection with lot line adjustments, utility or road requirements or other similar items, provided that any such release, easement or dedication will not have a material adverse effect on the value, use or operation of the applicable Collateral Property and such Collateral Property will remain in compliance with all Requirements of LawLegal Requirements.

Appears in 1 contract

Samples: Loan Agreement (Westfield America Inc)

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