Removal of Properties. 3.1 The Contractor shall not, and shall ensure that the Contract Workers shall not, remove any property, including discarded and unused items, from the Premises without written authorisation from the Company.
Removal of Properties. The Borrower may, upon not less than five (5) Business Days’ notice to the Administrative Agent, request removal of a Hotel Property from the Unencumbered Pool, subject to the following conditions: (a) no Default or Event of Default shall have occurred that is continuing (other than a Default or Event of Default that would be cured by removal of such Hotel Property from the Unencumbered Pool) or would result therefrom, (b) following such removal there shall not be less than twenty (20) Borrowing Base Properties and (c) the Borrower shall have delivered to Administrative Agent a Compliance Certificate, prepared as of the last day of the most recent fiscal quarter, evidencing compliance with the covenants set forth in Section 10.1. as if such Hotel Property had not been included in the Unencumbered Pool. Upon Administrative Agent’s confirmation that the conditions to such removal have been satisfied, the Administrative Agent shall so notify (not to be unreasonably withheld or delayed more than five (5) Business Days after request therefor) Borrower and the Lenders in writing specifying the date of such removal.
Removal of Properties. In the event that goods, wares, merchandise and property of any and all kinds and description, are left in the Center after the termination of this Agreement, then the Authority shall be and is hereby authorized to remove from the Center at the expense of the Customer, all such goods, wares, merchandise and property of any and all kinds and description. The Authority shall not be liable for any damage or loss to said goods, wares, merchandise or other property which may be sustained, either by reason of such removal or the place to which it may be removed, and the Authority is hereby expressly released from any and all claims for damages of whatever kind or nature. The Authority reserves the right to remove from the Center all effects of the Customer or any person connected to the Customer’s occupancy of the Licensed Area remaining in the Center after termination of this Agreement at expense of the Customer and to charge One Hundred and no/100 Dollars ($100.00) per day for late removal of any property remaining in the Center, or the actual expense incurred in removal and storage of such property if undertaken by the Authority, whichever is greater.
Removal of Properties. The Borrower may, upon not less than five (5) Business Days’ notice to the Administrative Agent (or such shorter period of time as the Administrative Agent may agree), request removal of a Hotel Property from the Unencumbered Pool, subject to the following conditions: (a) no Default or Event of Default shall have occurred that is continuing (other than a Default or Event of Default that would be cured by removal of such Hotel Property from the Unencumbered Pool) or would result therefrom and (b)(i) so long as the Restriction Period is not then continuing, the Borrower shall have delivered to Administrative Agent a Compliance Certificate, prepared as of the last day of the most recent fiscal quarter, evidencing compliance with the covenants set forth in Section 10.1 as if such Hotel Property had not been included in the Unencumbered Pool or (ii) at any time during the Restriction Period, such removal shall only be permitted to the extent that the request therefor arises in connection with an Asset Disposition permitted pursuant to Section 10.4(v) and the proceeds of such Asset Disposition are applied in accordance with Section 2.8(b)(iv)(C) or such removal is required to cure a Default or Event of Default. Upon Administrative Agent’s confirmation that the conditions to such removal have been satisfied, the Administrative Agent shall so notify (not to be unreasonably withheld or delayed more than five (5) Business Days after request therefor) Borrower and the Lenders in writing specifying the date of such removal.
Removal of Properties. Upon any termination or expiration of this Agreement, First Liberty shall have a period of three (3) months from and after the effective date of termination within which it may elect to remove from the Properties all of its machinery, buildings, structures, facilities, equipment and other Properties of every nature and description erected, placed or situated thereon, except supports placed in shafts, drifts or openings in the Properties. Failure of First Liberty to so remove the same shall constitute abandonment by First Liberty to GeoXplor of the same; provided, however, that First Liberty may still be required to remove such Properties upon notice from GeoXplor at any time during the three-month period and thirty (30) days thereafter.
Removal of Properties. 12. (a) Save and except with prior permission of the Director, all properties brought in the Licence Area by the Licensee must be removed therefrom immediately after the expiry of the Licence Period or the sooner termination of this Agreement.
Removal of Properties. The Borrower may, upon not less than five (5) Business Days’ notice to the Administrative Agent, request removal of a Hotel Property from the Unencumbered Pool, subject to the following conditions: (a) no Default or Event of Default shall have occurred that is continuing (other than a Default or Event of Default that would be cured by removal of such Hotel Property from the Unencumbered Pool) or would result therefrom and (b) the Borrower shall have delivered to Administrative Agent a Compliance Certificate, prepared as of the last day of the most recent fiscal quarter, evidencing compliance with the covenants set forth in Section 10.1. as if such Hotel Property had not been included in the Unencumbered Pool. Upon Administrative Agent’s confirmation that the conditions to such removal have been satisfied, the Administrative Agent shall so notify (not to be unreasonably withheld or delayed more than five (5) Business Days after request therefor) Borrower and the Lenders in writing specifying the date of such removal.
Removal of Properties. Your Party shall, prior to the termination or expiration of this Agreement, remove the properties of Your Party, Your Party’s members, Your Party’s visitors or the visitors of Your Party’s members from the Office Space and place. KrSpace has the right to dispose of any properties that are left in the Office Space or place after the termination or expiration of this Agreement by a notice to Your Party, and has no obligation to store such properties. Your Party shall waive the right to raise any claim or demand in respect of such properties or the disposal of such properties by KrSpace. Your Party shall pay any expenses as reasonably incurred by KrSpace for the purpose of removing and disposing of the aforesaid properties. After the termination or expiration of this Agreement, KrSpace will not pass on or keep any letter or package to or for Your Party.
Removal of Properties. In the event that goods, wares, merchandise and property of any and all kinds and description, are left in the Center after the termination of this Agreement, then the Authority shall be and is hereby authorized to remove from the Center at the expense of the Customer, all such goods, wares, merchandise and property of any and all kinds and description. The Authority shall not be liable for any damage or loss to said goods, wares, merchandise or other property which may be sustained, either by reason of such removal or the place to which it may be removed, and the Authority is hereby expressly released from any and all claims for damages of whatever kind or nature. The Authority reserves the right to remove from the Center all effects remaining in the Center after termination of this Agreement at expense of the Customer and to charge One Hundred and no/100 Dollars ($100.00) per day for time after date specified on any property remaining in the Center, or the actual expense incurred in such removal and storage, whichever is greater.
Removal of Properties. No Property may be sold, transferred, or otherwise removed from, the related Eligible Property Owner unless (a) the related Minimum Release Price is remitted to the Paying Agent prior to such release, or simultaneously with such release subject to an escrow or bailee letter agreement reasonably acceptable to Administrative Agent and such removal and release would not result in or cause any of the following (w) an increase in the then effective Loan to Value Ratio from the effective Loan to Value Ratio immediately prior to such release, (x) a decrease in the then effective Debt Yield from the effective Debt Yield immediately prior to such release, (y) a decrease in the then effective Debt Service Coverage Ratio from the Debt Service Coverage Ratio immediately prior to such release, or (z) the occurrence of a Cash Trap Trigger Event; or (b) (i) the Calculation Agent has assigned a Property Borrowing Base of zero to such Property and the Administrative Agent has determined that ownership of such Property is reasonably likely to cause the related Eligible Property Owner to incur any material liabilities that could materially and adversely affect such Eligible Property Owner or the Lenders, (ii) is in breach of clause (r) set forth on Schedule 1 or (iii) is in material breach of clause 11 of the definition of “Eligible Property” and, in each case, the Administrative Agent directs the Borrower to remove or transfer (or cause the removal or transfer of) such Property from the related Eligible Property Owner. In any case, Borrower shall notify Administrative Agent at least two (2) Business Days prior to the removal of any Property from the related Eligible Property Owner. Following the occurrence of a Default, Properties may be sold, transferred or otherwise liquidated, but only to the extent that the Borrower remits to Paying Agent with respect to each such Property, for application to the prepayment of outstanding Advances, an amount equal to the greater of (x) the Minimum Release Price and (y) the lesser of (i) the Market Value and (ii) the Purchase Value. For the avoidance of doubt, following the occurrence and during the continuation of an Event of Default, no Property may be may be sold, transferred or otherwise liquidated by any Loan Party.
