Examples of Fee Premises in a sentence
Even though residential categories are permitted in the CC zone, the future use of the site will remain commercial due to a buyer’s covenant in the purchase and sale agreement between Shell and PacWest which restricts residential development of the Fee Premises (site).
If this Contract terminates without fault of Operator on any day other than the last day of any calendar month, the applicable Concession Fee, Premises rent, and utility fees for said month shall be paid pro rata in the same proportion that the number of days this Contract is in effect for that month bears to the number of days in that month.
Any cost determined by the TRUST associated with the operation, management, maintenance, or other direct cost associated with the ConRAC that are not otherwise allocated to the Concession Fee, Contingent Fee, Premises Rents and Fees, Shuttle Bus O&M Fee; or included in the annual budget for the Facility O&M Fee may be assessed to all On Airport RACs on a nondiscriminatory basis as Supplemental Rent.
Each property constituting the Fee Premises and the Leasehold Premises.
Notwithstanding the above, this subsection shall not apply to the sale of Fee Premises after the date hereof to Spirit pursuant to the terms of the Spirit P&S.
The Company is the sole owner of and has good title to that portion of the Project located on (i) the Fee Premises and (ii) the Easement Premises free and clear of any Liens, except for Permitted Liens.
The rights and obligations of the parties are defined in the Contractor Services Agreement dated May 19, 1998, as amended by the Canadian NPAC/SMS Contractor Services Agreement Amending Agreement, dated March 31, 2003, the Canadian NPAC/SMS Contractor Services Agreement Amending Agreement, effective as of the 28th day of October 2005, and SOW 59 dated December 18, 2006.
If on the Closing Date title to the Fee Premises and Improvements is not insurable or is subject to any Unpermitted Exceptions, Purchaser may elect, as its sole right and remedy, either (i) to take such title to the interests as can be conveyed, with no abatement of the Purchase Price (except for abatement to the extent of monetary liens of a definite, fixed and ascertainable amount not in excess of the Purchase Price), or (ii) to terminate this Agreement and proceed pursuant to Section 10.1 below.
With respect to Fee Premises, each of these covenants shall appear in the Grant Deed delivered pursuant to this Agreement and shall run with the land and bind Buyer’s successors and assigns.
Represents amounts available under the Company's $250 million share repurchase program.