Franchise Liens Sample Clauses

Franchise Liens. To insure the continued compliance with the Non- Relocation Agreement and the other Project Documents by the Spurs, LLC or any other Person who acquires the Franchise by transfer, foreclosure, or otherwise at any time during the term of the Spurs License Agreement, Spurs, LLC may, at any time or from time to time, grant Liens upon any and all ownership rights in the Franchise; provided, however, that any such Liens shall (i) be made or granted in compliance with and subject to the requirements and obligations of Spurs, LLC, the Project Developer, and the Operator pursuant to the Project Documents, excluding only the provisions of Section 4.4 hereof, and (ii) provide that any Person who acquires the Franchise pursuant to any foreclosure or other transaction under any such Liens shall take the Franchise strictly subject to and assume the requirements and burdens imposed on Spurs, LLC, the Project Developer, and the Operator pursuant to the Project Documents ; provided, however, the County and anyone acting on its behalf irrevocably elects for the provisions of Section 4.4 hereof to not apply to or be enforced against any lender or any other Person who acquires the Franchise pursuant to any foreclosure or other transaction under the such Liens. Upon any such granting of such Liens, Spurs, LLC shall obtain from each such Lien holder a written acknowledgment and acceptance of the terms, provisions, and restrictions contained herein and shall provide an executed copy thereof to the County and shall state in the instruments creating and perfecting such Lien that any transfer is subject to the terms herein. In the event involuntary Liens or material encumbrances are placed on the Franchise that, upon foreclosure, would result in a violation hereof, Spurs, LLC will use its good faith efforts to promptly remove such Liens or material encumbrances after reasonable contest periods. Notwithstanding the foregoing to the contrary, the provisions of this Section 3.4 shall not apply to any Liens on the Franchise currently existing as of the date hereof; provided, however, Spurs, LLC shall obtain acknowledgments and consents from all holders of such existing Liens in conformity with this Section 3.4 on or before sale of the County Bonds as provided in the Development Agreement.
Sample 1
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Related to Franchise Liens

  • Liens Create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than the following:

  • Permitted Encumbrances The term “Permitted Encumbrances” shall mean:

  • Real Property; Personal Property (a) On the Disaffiliation Date, Local Church will have full title and ownership of the Real Property and Personal Property. The parties shall ensure all necessary transfers or other transactions relating to the above properties are completed on or prior to the Disaffiliation Date. Any costs resulting from such transfers or other transactions shall be borne by Local Church. Annual Conference shall fully cooperate with Local Church, as needed and applicable, to ensure that such transfers and other transactions convey all of Annual Conference’s interest – both for itself and on behalf of The United Methodist Church – in the Real Property and Personal Property, both tangible and intangible, of Local Church.

  • Permitted License Uses and Restrictions (a) This Order Form Supplement allows you, as an authorized User under the Master Subscription Agreement, to use the Software on any Supported Device and on no other devices.

  • ENCUMBRANCES/LIENS The Contractor shall not cause or permit any lien, attachment or other encumbrance by any person to be placed on file or to remain on file in any public office or on file with the UNDP against any monies due or to become due for any work done or materials furnished under this Contract, or by reason of any other claim or demand against the Contractor.

  • ENCUMBRANCES AND LIENS The Contractor shall not cause or permit any lien, attachment or other encumbrance by any person to be placed on file or to remain on file in any public office or on file with UNDP against any monies due to the Contractor or that may become due for any work done or against any goods supplied or materials furnished under the Contract, or by reason of any other claim or demand against the Contractor or UNDP.

  • Coverage C – Personal Property We insure for direct physical loss to the property described in Coverage C caused by any of the following perils unless the loss is excluded in Section I – Exclusions.

  • Real and Personal Property The Company has good and marketable title to, or has valid rights to lease or otherwise use, all items of real and personal property that are material to the business of the Company free and clear of all liens, encumbrances, claims and defects and imperfections of title except those that (i) do not materially interfere with the use of such property by the Company or (ii) would not reasonably be expected to have a Material Adverse Effect.

  • Properties and Leases Except as would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect, the Company and the Company Subsidiaries have good and marketable title to all real properties and all other properties and assets owned by them, in each case free from liens, encumbrances, claims and defects that would affect the value thereof or interfere with the use made or to be made thereof by them. Except as would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect, the Company and the Company Subsidiaries hold all leased real or personal property under valid and enforceable leases with no exceptions that would interfere with the use made or to be made thereof by them.

  • Access to Property, Property’s Management, Property Lender, and Property Tenants Potential Investor agrees to not seek to gain access to any non-public areas of the Property or communicate with Property’s management employees, the holder of any financing encumbering the Property, the Property’s tenants, and the Owner’s partners in the ownership of the Property, without the prior consent of Owner or HFF, which consent may be withheld in the Owner’s sole discretion.

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