Trust Exchange Sample Clauses

Trust Exchange. 6.1.1 To implement SB 792 and effectuate the planned consolidation and reconfiguration of lands within the Project Site that are or may be held subject to (a) the public trust for commerce, navigation, and fishery, (b) a statutory trust imposed by the Xxxxxx Act or SB 792, or (c) both the public trust and a statutory trust (collectively, the “Public Trust”), the Agency agrees to enter into that certain Hunters Point Shipyard/Candlestick Point Title Settlement, Public Trust Exchange and Boundary Line Agreement in substantially the form attached hereto as Attachment 5 (as amended from time to time, the “Public Trust Exchange Agreement”), subject to the approval of the State of California, acting by and through the California State Lands Commission (“State Lands”), the City acting by and through the Board of Supervisors, the City acting by and through the San Francisco Port Commission (the “Port”), and the State of California, acting by and through the California Department of Parks and Recreation (“State Parks”). The Public Trust Exchange Agreement provides that the Public Trust exchange as described therein (the “Public Trust Exchange”) will occur in a series of phased closings (each, a “Trust Exchange Closing Phase”) upon the satisfaction of certain conditions. The lands to be included in the Public Trust Exchange lie within eleven separate areas, as described more fully in the Public Trust Exchange Agreement and including the “Shipyard Site”, the “Parcel A Site”, the “Hilltop Trust Streets”, the “CP State Park Site”, the “Non-Park Commission Land”, the “Yosemite Slough Addition”, the “Navy ROW”, the “Xxxxxx Drive Site”, the “Old Stadium Development Site”, the “Park Addition” and the “Port Site”. The Agency and Developer shall each use reasonable efforts to satisfy the conditions and diligently and timely complete the Public Trust Exchange under the Public Trust Exchange Agreement to achieve a configuration of trust and non-trust lands substantially similar to that set forth in the Public Trust Exchange Agreement as and when needed to enable Developer to satisfy its obligations under this DDA in accordance with the Schedule of Performance, and as otherwise consistent with Sub-Phase Approvals or as may be needed to satisfy the Developer Stadium Obligations. Without limiting the foregoing, Developer shall initiate and complete, at no cost to the Agency that does not constitute an Agency Cost, all mapping and legal descriptions and take such additional action...
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Trust Exchange. The Trust Exchange shall have been completed for those parcels to be conveyed. Nothing in this Agreement shall be construed as creating an obligation on the part of any Party to satisfy the requirements for completing the Trust Exchange.
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Trust Exchange. FSEP IV hereby agrees to transfer to the Trust $1,558,000 principal amount of the XX Xxxxxx Note in exchange for, and in consideration of the receipt of, (i) a like principal amount of the Trust Holding Notes and (ii) an Interest Note issued by the Trust to FSEP IV. The Trust hereby agrees to transfer to FSEP IV (i) $1,558,000 aggregate principal amount of the Trust Holding Notes and (ii) an Interest Note issued by the Trust to FSEP IV in exchange for, and in consideration of the receipt of, $1,558,000 principal amount of the XX Xxxxxx Note (the "Trust Xxxxxx Note").
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Trust Exchange. 6.1.1 To implement the Exchange Act and to effectuate the planned reconfiguration of lands within the Project Site that are or may be held subject to
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Related to Trust Exchange

  • Like-Kind Exchange At either party’s request, the non-requesting party will take all actions reasonably requested by the requesting party in order to effectuate all or any part of the transactions contemplated by this Agreement as a forward or reverse like-kind exchange for the benefit of the requesting party in accordance with Section 1031 of the Internal Revenue Code and, in the case of a reverse exchange, Rev. Proc. 2000-37, including executing an instrument acknowledging and consenting to any assignment by the requesting party of its rights hereunder to a qualified intermediary or an exchange accommodation titleholder. In furtherance of the foregoing and notwithstanding anything contained in this Agreement to the contrary, the requesting party may assign its rights under this Agreement to a “qualified intermediary” or an “exchange accommodation titleholder” in order to facilitate, at no cost or expense to the other, a forward or reverse like-kind exchange under Section 1031 of the Internal Revenue Code; provided, however, that such assignment will not relieve the requesting party of any of its obligations hereunder. The non-requesting party will also agree to issue all closing documents, including the deed, to the applicable qualified intermediary or exchange accommodation titleholder if so directed by the requesting party prior to Closing. Notwithstanding the foregoing, in no event shall the non-requesting party incur or be subject to any liability that is not otherwise provided for in this Agreement.

  • Stock Exchange Delisting Prior to the Closing Date, the Company shall cooperate with Parent and use its reasonable best efforts to take, or cause to be taken, all actions, and do or cause to be done all things, reasonably necessary, proper or advisable on its part under applicable Laws and rules and policies of the New York Stock Exchange to enable the delisting by the Surviving Corporation of the Shares from the New York Stock Exchange as promptly as practicable after the Effective Time and the deregistration of the Shares under the Exchange Act at the Effective Time.

  • Stock Exchange Delisting; Deregistration Prior to the Closing Date, the Company shall cooperate with Parent and use its reasonable best efforts to take, or cause to be taken, all actions, and do or cause to be done all things, reasonably necessary, proper or advisable on its part under applicable laws and rules and policies of NASDAQ to enable the delisting by the Surviving Corporation of the Shares from NASDAQ and the deregistration of the Shares under the Exchange Act as promptly as practicable after the Effective Time.

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