REOA definition
Examples of REOA in a sentence
In the event Landlord cannot enforce Landlord’s rights under the Toys REOA, the Landlord shall perform all of the obligations on behalf of Toys for the Shopping center at Landlord’s sole cost and expense.
Notwithstanding anything in the Lease to the contrary, Tenant acknowledges that a statement which complies with the requirements of the “Toys Statement,” as such term is defined in the Toys REOA, shall constitute compliance with this Section 11.2.
Landlord hereby represents and warrants to Tenant that neither the Net Lease nor 39 the REOA shall affect either Tenant's rights and obligations under this Lease or Landlord's obligations to 40 Tenant under this Lease.
However, the immediately preceding sentence shall not be construed to limit North Tower Owner's rights and remedies against the South Tower Owner with respect to any contributions (whether payment or performance) which South Tower Owner is obligated to contribute under the REOA; it being understood and agreed that the REOA shall govern and control North Tower Owner's and South Tower Owner's duties and obligations to each other with respect to the parking obligations under the LDA.
The following sentences in this subsection briefly summarize and reflect how utilities will be handled at the Property; however, Article VI of the REOA specifically sets forth how utilities will be handled at the Property and shall govern and prevail over this subsection.
In the event of any conflict or discrepancy between the Net Lease and/or the 41 REOA and the terms and provisions of this Lease, the terms and provisions of this Lease shall control.
Such water and sewer line and other utility facilities which will serve the Project will be installed and located on the North Tower Parcel and any and all cost and expense in connection with same shall be allocated among the North Tower Owner and South Tower Owner in accordance with the REOA.
A notice to the Approving Owners (as defined in the REOA) under the REOA from Seller advising of the sale of the Property and notifying the Approving Owners thereunder that Seller’s status as Approving Owner of the Office Tower Parcel and the Additional Retail Parcel has been transferred to Buyer, substantially in the form attached hereto as Exhibit N, duly executed by Seller.
Owner acknowledges and agrees that the Project is only a portion of the "Project," as such term is defined in that certain Reciprocal Easement and Operation Agreement, dated September 27, 2000, and filed as Document No. 3324805 in the Office of the Hennepin County Registrar of Titles, as amended (the "REOA").
Mortgagor agrees to promptly, faithfully and diligently observe, perform and discharge each and every term, condition, obligation, covenant and agreement which Mortgagor is now, or hereafter becomes, liable to observe, perform or discharge under the REOA, the Redevelopment Contract, and the Skyway Agreements (as those terms are defined in the Loan Agreement) (hereinafter collectively referred to as “Integral Agreements”).