Easement Properties definition
Examples of Easement Properties in a sentence
With respect to the Easement Properties, on and after the date of the initial Borrowing under each Term Loan, the Borrower will have obtained all necessary licenses, easements and access rights required for the Project and the Borrower will enjoy peaceful and undisturbed possession of, all of the Collateral that is necessary for the construction and operation of the Project, in each of the foregoing cases for no less than a term of fifteen years.
Neither a current survey nor a current title insurance policy for the Hawaii Easement Properties would reveal any lien, encumbrance or state of facts that would reasonably be expected to have an Individual Material Adverse Effect.
Grantee shall be responsible for property taxes on personal property of Grantee at the Access Easement Properties and shall cause the same to be paid when due.
SF&L shall use the Easement Properties as authorized by this Easement, and operate and maintain the Off-Premises Improvements in a manner that does not cause any waste or nuisance, and in accordance with all state, federal, and local laws, rules, and regulations, including, but not limited to, environmental protection, fire, health and safety laws, rules, and regulations.
City does hereby grant to Lessee a non-exclusive easement (the “Easement”) over, under, and through the Easement Properties, for the purpose of providing ingress and egress to, as well as the use and enjoyment of, the Off-Premises Improvements, subject to the rights and limitations set forth herein.
In no event shall Grantee (a) bury underground or discharge into the sewage system at the Access Easement Properties any Hazardous Materials, or (b) use the Access Easement Properties as a storage site for Hazardous Materials.
Lessee shall have the exclusive right to construct, maintain, use, reconstruct, replace, renew, repair, and operate the Off-Premises Improvements, together with any and all necessary valves, meters, pumps and appurtenances thereto, for the transportation of petroleum products over, under, and upon the Easement Properties.
In the event that the Owners desire to jointly make any decisions hereunder, they shall be made by majority vote of the Owners of the lots comprising the Easement Properties.
The covenants, agreements and restrictions contained herein shall be covenants running with and for the benefit of and burden upon the Easement Properties and shall be binding upon and inure to the benefit of the Owners thereof, and their respective heirs, successors and assigns.
City shall have no obligation whatsoever to maintain or make safe the Easement Properties or to maintain the Off-Premises Improvements.