GOLF COURSE PROPERTY Sample Clauses

GOLF COURSE PROPERTY. Department hereby allows Operator to operate that certain Golf Course Property (as hereinafter described) for the Term of this Operating Agreement (as hereinafter described), together with all appurtenances thereto. The Golf Course Property consists of approximately 143 acres and is designated as Block 40, Lots 1.01 and 1.06, on the Tax Map of Upper Freehold Township, Monmouth County, New Jersey is attached hereto and incorporated by reference as Exhibit C, excluding the structures and areas currently leased by a third party tenant as part of the operation of a restaurant/banquet facility known as the Greens Café. A lease for Greens Café (“Greens Café Lease”) attached hereto and incorporated by reference as Exhibit D, with A & Ku Enterprises, Inc. (“Greens Café Tenant”), was assigned to the Department in 2006. The lease, including all amendments, gives Greens Café Tenant the exclusive right to dispense food, alcoholic and non-alcoholic beverages from the existing restaurant, take-out area, banquet room (including outdoor patio), outdoor pavilion (food and non-alcoholic beverages only), and mobile food/beverage carts on the Golf Course Property and for all golf outings held on the Golf Course Property. The Greens Café Lease went into effect in March 2003, was assigned to the Department in 2006 and if all renewal options are exercised, will expire on December 31, 2018. The Golf Course Property includes an eighteen-hole golf course and driving range together with any buildings, structures, parking lots and improvements located on the land and premise. It is expressly understood that this Operating Agreement does not in any way whatsoever grant or convey any permanent easement, lease, fee or other interest in the Golf Course Property to Operator. Easements on Golf Course Property Two easements have been granted to Monmouth County for Bridge U95 along Walnford Road and Bridge U37 on the easterly side of Xxxxxx Mill Road. The Golf Course Property is also subject to any utility easement along the public roads.
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GOLF COURSE PROPERTY. Department hereby allows Operator to operate Golf Course Property (as hereinafter described for the Term of this Operating Agreement). The Golf Course Property consists of approximately Two Hundred Twenty-Five (225) acres and is designated as Block 1801, Lot 1 on the Tax Map of the Township of Pittsgrove, County of Salem, State of New Jersey. The Golf Course Property, includes an eighteen-hole public golf course and driving range together with any buildings, structures, parking lots and improvements located on the land and premise. A map of the Golf Course Property is attached hereto and incorporated by reference as Exhibit C, excluding the structure and areas currently owned by a third-party referenced below. It is expressly understood that this Operating Agreement does not in any way whatsoever grant or convey any permanent easement, lease, fee or other interest in the Golf Course Property to Operator. There is also a parcel of land in the center of the Golf Course Property designated as Block 1801, Lot 25 on the Tax Map of the Township of Pittsgrove, County of Salem, State of New Jersey that is not owned by the Department and is not part of the RFP and this Operating Agreement. The owner of this parcel (Centerton Real Estate Holdings LLC) operates an event center and restaurant known as The Grove at Centerton. The Grove at Centerton has the following easement on the Golf Course Property: a right-of way easement for access; four (4) drainage easements; and a septic system easement, copies of which are attached hereto and incorporated by reference as Exhibit D. Atlantic City Electric has a utility easement across the Golf Course Property.
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Related to GOLF COURSE PROPERTY

  • B8 Property B8.1 Where the Client issues Property free of charge to the Contractor such Property shall be and remain the property of the Client and the Contractor irrevocably licences the Client and its agents to enter upon any premises of the Contractor during normal business hours on reasonable notice to recover any such Property. The Contractor shall not in any circumstances have a lien or any other interest on the Property and the Contractor shall at all times possess the Property as fiduciary agent and bailee of the Client. The Contractor shall take all reasonable steps to ensure that the title of the Client to the Property and the exclusion of any such lien or other interest are brought to the notice of all sub-contractors and other appropriate persons and shall, at the Client’s request, store the Property separately and ensure that it is clearly identifiable as belonging to the Client.

  • Partnership Property All property, real, personal, tangible, intangible, or mixed, acquired by or contributed to the Partnership shall be owned by the Partnership and titled in its name and such property shall not be owned individually by any Partner. Each Partner acknowledges and agrees that the System and all elements thereof, are the exclusive property of the Company and are not Partnership property. Each Partner acknowledges and agrees that the Proprietary Marks are the exclusive property of the Company and are not Partnership property. Each Partner acknowledges and agrees that the Partnership shall not acquire or own any land or buildings. Any land or buildings used in the Partnership business shall be acquired and owned by the Company or an Affiliate of the Company and leased to the Partnership at reasonable rates and terms, and such land and buildings shall not be Partnership property.

  • 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.

  • Ground Leases For purposes of this Exhibit C, a “Ground Lease” shall mean a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Title to Properties; Leases Except as indicated on Schedule 7.3 hereto, the Borrower and its Subsidiaries own all of the assets reflected in the consolidated balance sheet of the Borrower and its Subsidiaries as at the Balance Sheet Date or acquired since that date (except property and assets sold or otherwise disposed of in the ordinary course of business since that date), subject to no rights of others, including any mortgages, leases, conditional sales agreements, title retention agreements, liens or other encumbrances except Permitted Liens.

  • 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 "Owned Real Property Schedule" attached hereto sets forth a list of all owned real property (the "Owned Real Property") used by the Company or any of it Subsidiaries in the operation of the Company's or any of it Subsidiaries' business. With respect to each such parcel of Owned Real Property and except for Liens in favor of the Senior Lenders: (i) such parcel is free and clear of all covenants, conditions, restrictions, easements, liens or other encumbrances, except Permitted Encumbrances; (ii) there are no leases, subleases, licenses, concessions, or other agreements, written or oral, granting to any person the right of use or occupance of any portion of such parcel; and (iii) there are no outstanding actions or rights of first refusal to purchase such parcel, or any portion thereof or interest therein.

  • Owned Property We do not cover property damage to property owned by any insured or any other resident of any insured's household. This includes expenses and costs incurred by any insured or others to repair, replace, restore or maintain such property to prevent injury to a person or damage to property of others, whether on or away from an insured location.

  • Ground Lease Reserved.

  • Occupancy of the Mortgaged Property As of the date of origination, the Mortgaged Property was lawfully occupied under applicable law;

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