Examples of Ski Facility in a sentence
If Landlord elects to negate Tenant’s notice of termination, then (i) this Lease shall not terminate, and (ii) Landlord shall, with due diligence, repair and restore the Ski Facility in its entirety at Landlord’s sole cost and expense.
Tenant shall pay all costs, expenses, fees and charges incurred in connection with the use or occupancy of the Leased Premises, including the Ski Facility.
Any such insurance related proceeds not required for the repair and restoration of the Ski Facility shall belong to Landlord.
During the term of this Lease, Landlord shall not be required to build or rebuild any improvements to the Leased Premises or the Ski Facility, or to make any repairs, replacements, alterations, restorations or renewals thereto.
Borrower shall have provided Lender an agreement with Forest Service and TransCanada, in form an content satisfactory to Lender in its sole discretion, with respect to the construction of the Pipeline, together with any other approvals Lender deems necessary from the Forest Service with respect to the operation of the Ski Facility on Forest Service lands and its consent to the Mortgage.
Ski Facility: A recreational use, with associated facilities and improvements, for downhill or cross country skiing, snowboarding, snowshoeing, snowmobiling, or other snow related activities.
Tenant shall comply with all Laws which affect the Leased Premises and the Ski Facility located thereon and the use and occupancy thereof.
So long as Landlord shall not be in default under this Lease, Tenant will, except when prevented from so doing by Force Majeure or by other causes beyond its reasonable control (including the unavailability of film) and subject to the provisions of the Articles captioned “Subletting and Assigning,” “Damage Clause,” and “Condemnation” during the Term of this Lease, operate or cause to be operated a ski resort in the Ski Facility (such covenant being herein called “Tenant’s Operating Covenant”).
If a material part of the Leased Premises (meaning any part of the Ski Facility) is so taken and Tenant elects not to terminate this Lease, then Tenant shall, to the extent and making use of the condemnation award, restore the Leased Premises to a complete unit as similar as reasonably possible in design, character and quality to the building which existed before such taking.
Subject to the provisions of the Article captioned “Fixtures,” any alterations, changes, improvements and additions made by Tenant shall immediately become the property of Landlord and shall be considered a part of the Ski Facility, but Landlord shall not be obligated to compensate or reimburse Tenant or any other person or entity for any such alterations, changes, improvements or additions made by Tenant, and Tenant hereby waives all right to any such compensation or reimbursement..