Owned Facility definition
Examples of Owned Facility in a sentence
If Licensee abandons the use of a Municipal Facility or a Licensee- Owned Facility location or any of its Equipment located on third-party structures in the ROW for a period of six (6) or more consecutive months, the Equipment on such Municipal Facility or the Equipment and Licensee-Owned Facilities shall be removed at the expense of Licensee.
All such Parent Owned Facilities are supplied with utilities and other services, including gas, electricity, water, telephone, sanitary sewer and storm sewer, all of which services are adequate for the uses to which such Parent Owned Facility is being put and are provided via public roads or via permanent, irrevocable, appurtenant easements benefiting the parcel of real property.
If for any reason such proceeds, award or compensation are less than the Loan Value of the Owned Facility together with interest accrued thereon to the date of payment and the Make-Whole Premium Amount with respect thereto, NHLP or the Issuer shall promptly pay the difference between such proceeds, award or compensation and the Loan Value plus such interest and the Make-Whole Premium Amount to the Indenture Trustee for application in accordance herewith.
If you are assigned to a Third Party Owned Facility, you are entering into this Housing Agreement with the University as agent for the Company, and you hereby acknowledge that this Housing Agreement has been assigned by the Company in favor of Wilmington Trust, National Association, its successor and assignee (the "Trustee").
Any moneys received by the mortgagees or beneficiaries under a Mortgage relating to an Owned Facility as payment for any loss under any policy of mortgage title insurance which was delivered by NHLP shall become part of the Mortgaged Property and shall be paid and applied in the same manner contemplated by Section 3.3 hereof.
The Liens granted to the Agent for the benefit of the Banks pursuant to the Mortgages and the Leasehold Mortgages constitute valid Liens under applicable law having priority over all other Liens except that if otherwise permitted by this Agreement they may be subordinate to Liens in favor of the Owned Facility Lenders and Lessor Lenders, as the case may be, and Schedule 6.01(aa) indicates if such Liens are subordinated.
As a condition to the payment or application of such proceeds, award or compensation under this Section 7.1(a)(i), the Owned Facility with respect to which such proceeds, award or compensation shall apply shall be released from the mortgage and/or lien under this Indenture or the related Mortgage upon receipt by the Indenture Trustee of an amount equal to the Loan Value of the subject Owned Facility plus interest accrued thereon to the date of payment and the Make-Whole Premium Amount with respect thereto.
All such Company Owned Facilities are supplied with utilities and other services, including gas, electricity, water, telephone, sanitary sewer and storm sewer, all of which services are adequate for the uses to which such Company Owned Facility is being put and are provided via public roads or via permanent, irrevocable, appurtenant easements benefiting the parcel of real property.
The Company or one of the Company Subsidiaries has fee title to each Company Owned Facility, free and clear of any Liens other than Permitted Liens.
If Licensee abandons the use of a Municipal Facility or a Licensee- Owned Facility location or any of its Equipment located on third-party structures in the ROW for a period of six (6) or more consecutive months, or if Licensee fails to remove its Equipment from a Municipal Facility after the expiration or earlier termination of any Supplement Term, the Equipment for such Municipal Facility or the Equipment and Licensee-Owned Facilities may be removed by Licensor at the expense of Licensee.