Necessary Easements definition
Examples of Necessary Easements in a sentence
Permitted Exceptions shall include the Necessary Easements if they become recorded as herein provided.
Such easements are referred to herein as the “Necessary Easements.” Notwithstanding anything herein to the contrary (including without limitation the sixty (60) day window above), the granting of the Necessary Easements shall be subject to the consent of Purchaser’s lender, if any and if required by the loan documents with such lender, as determined by Purchaser in its reasonable discretion, and Purchaser shall use reasonable efforts to obtain that consent.
If the consent is not obtainable or required as determined by Purchaser in its reasonable discretion, then the Necessary Easements will be recorded subordinate to the lien of the lender, in such a manner that will not materially and negatively impact the lien of such lender, unless such recordation will be an event of default under the terms of the loan, in which case as determined by Purchaser in its reasonable discretion, Purchaser will be relieved of the obligation to grant the Necessary Easements.
As used herein, “Permitted Encumbrances” shall mean Necessary Easements, any matters consented to by Landlord and Tenant in writing, and those covenants, restrictions, reservations, liens, conditions, encroachments, easements, encumbrances and other matters of title that affect the Premises as of the date Landlord acquires the Land.
The Partnership has, or has valid and enforceable rights to acquire, good title or valid leasehold rights to the interests in the Facility, the Facility Site, including all Necessary Easements, and the tangible personal property forming a part of the Collateral purported to be covered by the Security Documents to which it is a party, subject only to Permitted Liens.
The Partnership shall have entered into the Lease Agreement with respect to the Facility Site and shall have obtained rights in the Necessary Easements, and such Lease Agreement and each such right shall be in full force and effect.