Examples of New Facilities in a sentence
At the conclusion of the Base Lease Term, the New Facilities Real Property shall be returned to the City, together with the New Facilities and any other improvements thereto, in substantially the condition thereof as of the date hereof, or the date the New Facilities Real Property is added thereto, subject to normal wear and tear.
Subject to the provisions of the Facilities Agreement, the Corporation covenants that it will maintain or cause to be maintained the New Facilities Real Property, and will not cause, permit, or suffer to be caused or permitted waste thereto.
For and in consideration of the agreement of the Corporation to provide funds to finance the Capital Project and the application of the proceeds of the Note to the expansion, construction, and renovation of the Capital Project, the City hereby conveys to the Corporation the New Facilities.
Such instruments may include a termination of this Base Lease with respect to such portion of the New Facilities Real Property as is affected thereby or an acceptance or acknowledgement of the right of the grantee of such easement or right-of-way to continue to use such property notwithstanding the exercise of any rights or remedies afforded to the Corporation hereunder or under the Facilities Agreement.
The Corporation shall have the power to convey undivided interests in the New Facilities to the City from time to time as Acquisition Payments are made as contemplated by the Facilities Agreement.