Reverter. Upon termination of this Agreement, all licenses and right granted under this Agreement shall revert to RCT for the benefit of RCT.
Reverter. Subject to the provisions of Section 2 below, title to all the Property shall revert to Grantor or the then assignee of Grantor's rights hereunder upon the first to occur of the following (each, a "Reversion Triggering Event"):
Reverter. Unless, before the expiration or termination -------- of the Option Period for a given ZSS, NN exercises the RoW Option for such ZSS (pursuant to SECTION 4.2), all Commercialization Rights, in RoW, in all fields, for Products based on Zid Embodiments in such ZSS shall revert to ZGI. Similarly, unless, before the expiration or termination of the Option Period for a given ZSS, NN exercises the BC Option for such ZSS (pursuant to SECTION 4.2), all Commercialization Rights worldwide in the BC Field, for Products based on Zid Embodiments in such ZSS shall revert to ZGI.
Reverter. Unless, before the expiration or termination -------- of the Option Period for a given ZSS, NN exercises the RoW Option for such ZSS (pursuant to SECTION 4.2), all Commercialization Rights, in RoW, in all fields, for Products based on Zid Embodiments in such ZSS shall revert to ZGI. Similarly, unless, before the expiration or termination of the Option Period for a given ZSS, NN exercises the BC Option for such ZSS (pursuant to SECTION 4.2), all Commercialization Rights worldwide in the BC Field, for Products based on Zid Embodiments in such ZSS shall revert to ZGI. As of June 16, 2000, after NN's analysis of [*], [*] and TACI, NN has determined that all rights in the ZSSs for [*], [*] and TACI have reverted to ZGI. The following SUBSECTION 4.1.6. shall be added.
Reverter. In accordance with the Public School Code of 1949, 24 P.S. § 7-707(8), the Deed conveying the Property from NASD to Township shall include a provision whereby the Property will revert to NASD in the event the Property is no longer being used for municipal purposes.
Reverter. Notwithstanding the foregoing, if the Tenant fails to develop, construct and operate the Project in accordance with the provisions of this Lease, then the Landlord may, at its option, terminate this Lease, at which point the entirety of the Leased Premises, including any and all of the Tenant’s rights with respect to the Leased Premises and Project, shall immediately revert to the Landlord. Landlord's rights granted under this Section relating to the Leased Premises shall always be subject and subordinate to and limited by, and shall not defeat, render invalid, impair or limit in any way the lien or property rights of any mortgagee, holders of mortgages, trustees on behalf of bondholders, and any credit enhancers of such bonds, and Landlord shall provide notice and not less than thirty (30) days to cure any such default by Tenant to such mortgage holders, trustees, credit enhancers, and Performance and Payment Bond issuers, if any, as referenced above prior to the exercise of its reversionary interest. This Section does not and will not subordinate the Landlord's fee simple interest in the Leased Premises to any mortgage or lien.
Reverter. Developer acknowledges that County claims that title to that portion of the Leased Property which is more particularly described on Exhibit “H” attached hereto and made a part hereof (the “Reverter Property”) reverted to the County in accordance with the terms of the Settlement Agreement (the “County Settlement Agreement”) entered between the County and the City, in Case No. 01-13810 CA 08, in the Eleventh Judicial Circuit in and for Miami-Dade County, Florida (the “County Litigation”). The CRA and the City dispute the claim by the County that title to the Reverter Property reverted to the County and the City and the CRA are contesting such reverter in that case styled City of Miami, et al., Plaintiffs, vs. Miami-Dade County, Defendant, Case No. 07-46851CA 31 pending in the Eleventh Judicial Circuit in and for Miami-Dade County, Florida (the “Reverter Litigation”). The City, the CRA and the County have negotiated a settlement agreement in the form of Exhibit "I" attached hereto, in connection with the Reverter Litigation (the "Reverter Settlement Agreement"). The Reverter Settlement Agreement must be approved by the Board of Commissioners of the City, the Board of Commissioners of the County and the Board of Commissioners of the CRA to be effective. If the Reverter Settlement Agreement is approved by the respective boards and executed by all parties, the CRA covenants and agrees to execute and deliver all documents to be executed and delivered by the CRA in accordance with the Reverter Settlement Agreement within the time frame required under the Reverter Settlement Agreement.
Reverter. In the event FSUS Inc. is dissolved or is otherwise terminated, all of its property and improvements, furnishings, and equipment purchased with public funds shall automatically revert to and become the property of FSU, subject to any lien or encumbrance on such property in favor of any capital or other debt obligation of FSUS Inc. being satisfied. In the event that any capital obligation remain to be satisfied, FSU and the BOR shall have first option to satisfy such capital obligation, but neither FSU nor BOR nor the State shall be responsible for such capital obligation incurred by FSUS Inc.
Reverter. In the event the Improvements are not completed by the Completion Date, the Property shall revert to and thereafter become fee simple real estate owned by the Seller and Seller shall refund the purchase price less ten-thousand dollars ($10,000) to Buyer. Upon the request of the Seller, the Buyer will provide a general warranty deed to the Property in form and substance acceptable to the Seller evidencing the reconveyance of the Property.
Reverter. Upon termination of this Agreement, except as otherwise expressly provided in this Agreement, all licenses and rights granted from CPP to TILLOTTS under this Agreement will immediately, automatically and completely revert to CPP for its sole benefit.
