Situs State definition

Situs State means the state or commonwealth where a Facility is located.
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Situs State shall have the meaning provided in Section 13.08.
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Situs State means the state, province, territory, protectorate, country or other jurisdiction situated outside of the State of New Jersey within which a subdivision is located.
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Examples of Situs State in a sentence

  • Upon the occurrence of an Event of Default, Landlord may exercise all rights and remedies under this Lease and the laws of the applicable Situs State that are available to a lessor of real and personal property in the event of a default by its lessee, and as to the Lease Collateral, all remedies granted under the laws of the applicable Situs State to a secured party under its Uniform Commercial Code.

  • Landlord and Tenant shall, promptly upon the request of either, enter into a short form memorandum of this Lease, in form suitable for recording under the laws of the applicable Situs State.

  • Notwithstanding the foregoing, however, no Tenant shall, by virtue of this Lease, have any rights to, or title or interest in, the Facility leased by another Tenant, or any right or obligation to operate the same, to the extent it does not have the Authorization necessary or required to do so from the Governmental Authority of the Situs State for such Facility.

  • This Lease shall be governed by and construed in accordance with the laws of the state in which the Premises is situated (the “Situs State”), without regard to the internal law of the Situs State regarding conflicts of laws.

  • For those offerings utilizing a HUD Property Report or Situs State Public Offering Statement in lieu of a New Jersey format offering statement.

  • Either party owing the other party a sum of money based on adjustments made to prorations after the Closing Date shall promptly pay that sum to the other party, together with interest thereon at the rate of the lesser of (i) the maximum interest rate permitted by law in the Situs State or (ii) thirteen and one-half percent (13.5%) per annum, to the date of payment if payment is not made within ten (10) days after mutual agreement of the amount due.

  • Either party owing the other party a sum of money based on adjustments made to prorations after the Closing Date shall promptly pay that sum to the other party, together with interest thereon at the rate of the lesser of (i) the maximum interest rate permitted by law in the Situs State and (ii) thirteen and one-half percent (13.5%) per annum, to the date of payment if payment is not made within 10 days after mutual agreement of the amount due.