Retained Real Property definition
Examples of Retained Real Property in a sentence
Such Member Retained (Real) Property may be disposed of by the Member only if such disposal does not adversely affect the Network, and provided such disposal is approved by the Board as set forth in Section 4.4 below.
The Mergers consummated pursuant to this Agreement will effectively convey to Holdings the entire Business and all of the assets and properties (other than the Retained Real Property) used by the Companies and the Subsidiaries (whether owned, leased or held under license by the Companies, any Subsidiary, by any of their respective Affiliates or by others) in connection with the conduct of the Business as heretofore conducted by Progress Energy and Progress Fuels.
Without limitation of the foregoing, no Transferred Entity directly or indirectly guarantees nor acts as a surety with respect to any Retained Real Property Lease, nor has posted any letter of credit, bond or other credit support with respect to any Retained Real Property Lease.
None of the Transferred Entities has (i) any obligations under, or have any Liabilities under or with respect to the Retained Real Property Leases other than the Chiswick Floor 3 Lease, or (ii) any relationship (contractual or otherwise) with any party with respect to the Retained Real Property Leases other than the Chiswick Floor 3 Lease, including any tenants, subtenants, licensees or sublicensees that are a party thereto.
The Real Property described in Schedule 1.1(b) sets forth an accurate list of all real property owned or leased by any Stockholder Party used in the conduct of the Business, but specifically excluding the Retained Real Property.