Property Consents definition
Examples of Property Consents in a sentence
Each License will continue to be valid, binding and enforceable, and in full force and effect on identical terms following the consummation of the transactions contemplated hereby upon obtaining the Required Intellectual Property Consents (as hereinafter defined), if any.
Prior to the Closing, Seller will request execution of all Real Property Consents.
Buyer hereby acknowledges and agrees that its sole and exclusive remedy for Seller’s failure to obtain the Real Property Consents as contemplated in Section 5.1, shall be as provided in this Article V.
At the time of termination of such agreement, to the extent that the Seller may do so if the requisite Real Property Consents have been obtained, Seller shall convey to Buyer the remaining rights they may have in the Excluded Facilities and, assign, to the extent related to the Sherwood Gas Gathering and Compression System, the Real Property Interests pursuant to a special warranty deed or assignment.
To the extent that the benefit of any of the Property Agreements can be assigned by EFPL to Purchaser B without any Property Consents, a Deed of Assignment of Property Agreements will be entered into between EFPL and Purchaser B with effect from Completion.
Each License will continue to be valid, binding and enforceable, and in full force and effect on identical terms following the consummation of the transactions contemplated hereby upon obtaining the Required Intellectual Property Consents, if any.
In the event that the ** Real Property Consent(s) described in Section 2.3(b) of the Disclosure Schedules to the PSA are not obtained prior to Closing, Seller will provide MarkWest Ranger Pipeline Company, L.L.C. (“MarkWest Ranger”), to the commercially reasonable extent possible, with the rights, benefits and burdens of the portion of the Ranger NGL Pipeline that is not conveyed to MarkWest Ranger at the Closing as a consequence of failing to obtain such consent(s).
Within ten (10) business days following the Consent Deadline, RARE shall deliver a notice to Purchaser listing any Restaurants (including the addresses of such Restaurants) with respect to which Real Property Consents have not been obtained and with respect to which RARE desires to terminate this Agreement (the “Non-transferable Excluded Restaurants”).
When the ** Real Property Consent(s) are obtained, Seller shall convey the applicable portions of the Ranger NGL Pipeline pursuant to the terms of the PSA.
Subject to obtaining Transferred Property Consents or Transferred Property Approvals the relevant Business Vendor shall transfer the Transferred Properties to the relevant Designated Purchaser in accordance with clause 2 and the remaining terms of this Schedule on the Closing Date.