Fee Owner(s) definition
Examples of Fee Owner(s) in a sentence
Any expenditures for capital replacements during any calendar year which have been included in an approved Capital Budget may be made without Owner's or Fee Owner's additional approval and, to the extent available, shall be made by Manager from the Reserve Fund (including accrued interest and unused accumulations from prior calendar years).
Fee Owner(s) intend to convey to the State of Minnesota, acting through its Board of Water and Soil Resources, a Conservation Easement pursuant to Minn.
Any expenditures for Capital Improvements and FF&E Replacements during any calendar year which have been included in an approved Capital Budget or FF&E Budget may be made without Owner's or Fee Owner's additional approval and, to the extent available, shall be made by Manager from the Reserve Fund (including accrued interest and unused accumulations from prior calendar years).
In addition, Borrower shall, in the event of any Fee Owner's bankruptcy, reaffirm and ratify the legality, validity, binding effect and enforceability of the applicable Ground Lease and shall remain in possession of the applicable Property and the applicable Leasehold Estate, notwithstanding any rejection thereof by such Fee Owner or any trustee, custodian or receiver.
If during the Term or any Extension Term of this Lease, Landlord or Fee Owners (hereinafter defined) shall have received a bona fide arm's length offer to purchase the Premises which is acceptable to Landlord and/or Fee Owners (the "Offer") from any third party (the "Transferee"), Landlord and Fee Owners shall send a notice (herein referred to as the "Transfer Notice") to Tenant.
Lender shall have the right, but not the obligation, to proceed in respect of any claim, suit, action or proceeding relating to the rejection of any Ground Lease by any Fee Owner as a result of a Fee Owner's bankruptcy, including, without limitation, the right to file and prosecute any and all proofs of claims, complaints, notices and other documents in any case in respect of such Fee Owner under and pursuant to the Bankruptcy Code.
In addition, pursuant to a Non-Imputation-Additional Insured Endorsement (ALTA 15.1), the Partnership and the Investor Partner were named as additional insureds under the title policies obtained by the Fee Owners (the “Owner’s Title Policies”).
If Tenant desires to exercise its option, it shall give notice (the "Counter Notice") to that effect to Landlord and Fee Owners within twenty (20) days after receipt of the Transfer Notice.
Tenant shall have the right to purchase the Premises at any time after the fifth (5) lease year upon giving notice in writing to Landlord and Fee Owners (hereinafter defined) (the "Purchase Notice") at least ninety (90) days prior to the expiration of the original Term or any Extension Term hereof of Tenant's intention to purchase the Premises.
Borrower shall not elect to treat any Ground Lease as terminated, canceled or surrendered pursuant to the applicable provisions of the Bankruptcy Code (including, without limitation, Section 365(h)(1) thereof) without Lender's prior written consent in the event of any Fee Owner's bankruptcy.