Ownership of Land. The Access Holder acknowledges that QR does not own or control the land identified in Part 5 of Schedule 2 and agrees that in respect of that land owned or controlled by another person (“Landowner”) then:
Ownership of Land. The Operator acknowledges that QR Network does not own or control the land identified in Part 5 of Schedule 2 and agrees that in respect of that land owned or controlled by another person (“Landowner”) then:
Ownership of Land. On the last day of each Fiscal Quarter that ends on or after June 30, 2007, (i) the aggregate book value of all Approved Land and Raw Land owned by Borrowers, Guarantor or any subsidiary of a Borrower or Guarantor shall not exceed twenty five percent (25%) of Guarantor’s Consolidated Adjusted Tangible Net Worth and (ii) the ratio of (a) the book value of all Land owned by Borrowers, Guarantor or any subsidiary of a Borrower or Guarantor which is not subject to a Qualifying Agreement of Sale and on which no Unit has been constructed or is being constructed to (b) Guarantor’s Consolidated Adjusted Tangible Net Worth shall not exceed the following applicable ratio: Fiscal Quarter Ending Applicable Ratio June 30, 2007 2.10:1 September 30, 2007 2.00:1 December 31, 2007 2.00:1 March 31, 2008 2.00:1 June 30, 2008 1.85:1 September 30, 2008 1.85:1 December 31, 2008 1.85:1 March 31, 2009 and thereafter 1.75:1
Ownership of Land. 17.1 The Xxxxx Xxxxxx Properties and the Certificated Properties are the only immovable properties owned, used or occupied by an Xxxxx Xxxxxx Group Company or in respect of which any Xxxxx Xxxxxx Group Company has any estate, interest, right or ownership.
Ownership of Land. 5.1 The Developer warrants that it has legally enforceable rights to purchase the Option Land on terms which enable it to comply with the provisions of clause 5.2.
Ownership of Land. The Company has no interest in any freehold, leasehold or other immovable property in any part of the world.
Ownership of Land. 13.1 The Properties referred to in Schedule 8 (Relevant Property) are the only Properties owned, used or occupied by any member of the Baltic Group or in respect of which any member of the Baltic Group has any estate, interest, right or liability (contingent or otherwise).
Ownership of Land. (a) The rights, powers and privileges of the Asset Manager will rest in contract only and will not create or be deemed to create any estate or interest in the Property.
