Additional Real Property definition
Examples of Additional Real Property in a sentence
All costs and expenses arising from any action taken by the Agent or any Bank in connection with the pledge of Additional Collateral or Additional Real Property pursuant to this Section 6.13, including, without limitation, reasonable costs of counsel for the Agent, shall be payable by the Borrower to the Agent or the Bank incurring such cost or expense within 10 Business Days after demand therefor.
The Purchased Assets are insured with reputable insurers in such amounts and against such risks and losses as are customary in the gas utility industry, and neither Seller nor, with respect to the Additional Real Property, Building Seller has received any written notice of cancellation or termination with respect to any material insurance policy of Seller or Building Seller providing coverage in respect of the Purchased Assets.
If any Real Property Taxes or Additional Real Property Taxes to be paid by Tenant shall cover any period prior to the Lease Commencement Date or after the Expiration Date, then Tenant’s Share of such Real Property Taxes shall be prorated on a day-for-day basis such that the amount actually paid or reimbursement by Tenant covers only the period of time within the applicable tax fiscal year during which this Lease shall be in effect.
To the knowledge of the Company, each Real Property benefits and each Additional Real Property, assuming the consummation of the transactions contemplated by the applicable Property Acquisition Agreement, benefits from any Infrastructure Agreements that are necessary for the Company and each of its Subsidiaries to conduct its business as conducted as of the date hereof, except as would not have or reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect.
Neither the Company nor any of its Subsidiaries has engaged any Person other than any construction project manager to provide Third Party development management services with respect to any Real Property or any Additional Real Property where the amounts payable to such Third Party exceeds or is expected to exceed €5,000,000.