Right to Repool Properties Sample Clauses

Right to Repool Properties. Landlord shall have the right from time to time in connection with a financing or other capital raising transaction to terminate the Term of this Agreement with respect to one or more Properties and contemporaneously to lease such Properties back to Tenant or an Affiliated Person as to Tenant under one of the Other Leases, and/or one or more new lease(s) as determined by Landlord (a “repooling”), provided that Landlord shall have obtained Tenant’s prior written consent to any such repooling, which consent shall not be unreasonably withheld, conditioned or delayed; provided, however, that Tenant may grant or withhold consent in Tenant’s sole discretion if a proposed repooling, after taking into account all prior repoolings, if any, would result in the repooling of a number of Properties that would exceed fifty percent (50%) of the Properties hereunder as of the Effective Date (i.e., a repooling of more than sixteen (16) Travel Centers in total over the Term) or would result in one or more new leases (as opposed to adding a Property to one of the Other Leases). Each party agrees to execute and deliver such documentation as the other party may reasonably request in connection with any such new lease or repooling, including, without limitation, a new lease, a lease amendment, and a new guaranty from Guarantor or confirmation from Guarantor that its existing Guaranty applies to any such new lease or lease amendment.
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Right to Repool Properties. A new Section 2.5 is added to the Lease immediately after Section 2.4 as follows:
Right to Repool Properties. Landlord shall have the right from time to time in connection with a financing or other capital raising transaction to terminate the Term of this Agreement with respect to one or more Properties and contemporaneously to lease such Properties back to Tenant or an Affiliated Person as to Tenant under one of the Other Leases, and/or one or more new lease(s) as determined by Landlord (a “repooling”), provided that Landlord shall have obtained Tenant’s prior written consent to any such repooling, which consent shall not be unreasonably withheld, conditioned or delayed. Each party agrees to execute and deliver such documentation as the other party may reasonably request in connection with any such new lease or repooling, including, without limitation, a new lease, a lease amendment, and a new guaranty from Guarantor or confirmation from Guarantor that its existing Guaranty applies to any such new lease or lease amendment.
Right to Repool Properties. Landlord shall have the right from time to time in connection with a financing or other capital raising transaction to terminate the Term of this Agreement with respect to one or more Properties and contemporaneously to lease such Properties back to Tenant or an Affiliated Person as to Tenant under one of the Other Leases, and/or that certain Lease Agreement, dated as of May 30, 2007, among HPT PSC Properties Trust, HPT PSC Properties LLC, and Tenant, as amended, and/or one or more new lease(s) as determined by Landlord (a “repooling”), provided that Landlord shall have obtained Tenant’s prior written consent to any such repooling, which consent shall not be unreasonably withheld, conditioned or delayed. Each party agrees to execute and deliver such documentation as the other party may reasonably request in connection with any such new lease or repooling, including, without limitation, a new lease, a lease amendment, and a new guaranty from Guarantor or confirmation from Guarantor that its existing Guaranty applies to any such new lease or lease amendment.
Right to Repool Properties. 14 2.6 Right of First Offer 14 ARTICLE 3 RENT 15
Right to Repool Properties. 16 2.6 Right of First Refusal. 16 ARTICLE 3 RENT 17 3.1 Rent. 17 3.2 Late Payment of Rent, Etc. 20 3.3 Net Lease, Etc. 21 3.4 No Termination, Abatement, Etc. 21 ARTICLE 4 USE OF THE LEASED PROPERTY 22 4.1 Permitted Use 22 4.2 Compliance with Legal/Insurance Requirements, Etc. 23 4.3 Environmental Matters 23 4.4 Ground Leases. 25 4.5 Shell Agreement. 26 ARTICLE 5 MAINTENANCE AND REPAIRS 26 5.1 Maintenance and Repair. 26 5.2 Tenant’s Personal Property. 27 5.3 Yield Up. 28 5.4 Management and Franchise Agreements. 28 ARTICLE 6 IMPROVEMENTS, ETC. 29 6.1 Improvements to the Leased Property. 29 6.2 Salvage. 29 ARTICLE 7 LIENS 29 ARTICLE 8 PERMITTED CONTESTS 30 ARTICLE 9 INSURANCE AND INDEMNIFICATION 30 9.1 General Insurance Requirements. 30 9.2 Waiver of Subrogation. 31 9.3 Form Satisfactory, Etc. 31 9.4 No Separate Insurance; Self-Insurance. 31 9.5 Indemnification of Landlord. 32 ARTICLE 10 CASUALTY 32 10.1 Insurance Proceeds. 32 10.2 Damage or Destruction. 33 10.3 Damage Near End of Term. 34 10.4 Tenant’s Personal Property. 34 10.5 Restoration of Tenant’s Personal Property. 34 10.6 No Abatement of Rent. 34 10.7 Waiver. 35 ARTICLE 11 CONDEMNATION 35 11.1 Total Condemnation, Etc. 35 11.2 Partial Condemnation. 35 11.3 Abatement of Rent. 36 11.4 Temporary Condemnation. 36 11.5 Allocation of Award. 37 ARTICLE 12 DEFAULTS AND REMEDIES 37 12.1 Events of Default. 37 12.2 Remedies. 38 12.3 Tenant’s Waiver. 40
Right to Repool Properties. 15 2.6 Right of First Refusal. 16 Article 3 RENT 16 3.1 Rent. 16
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Related to Right to Repool Properties

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  • Personal Property Requirements The Collateral Agent shall have received:

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  • New Hampshire Specific Data Security Requirements The Provider agrees to the following privacy and security standards from “the Minimum Standards for Privacy and Security of Student and Employee Data” from the New Hampshire Department of Education. Specifically, the Provider agrees to:

  • Student Data Property of LEA All Student Data transmitted to the Provider pursuant to the Service Agreement is and will continue to be the property of and under the control of the LEA. The Provider further acknowledges and agrees that all copies of such Student Data transmitted to the Provider, including any modifications or additions or any portion thereof from any source, are subject to the provisions of this DPA in the same manner as the original Student Data. The Parties agree that as between them, all rights, including all intellectual property rights in and to Student Data contemplated per the Service Agreement, shall remain the exclusive property of the LEA. For the purposes of FERPA, the Provider shall be considered a School Official, under the control and direction of the LEA as it pertains to the use of Student Data, notwithstanding the above.

  • Real Estate Assets In order to create in favor of Collateral Agent, for the benefit of Secured Parties, a valid and, subject to any filing and/or recording referred to herein, perfected First Priority security interest in certain Real Estate Assets, Collateral Agent shall have received from Borrower and each applicable Guarantor:

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