Right of Reversion. Should Tenant or its assigns fail or refuse to exercise its option to purchase as herein described, and the term of the Lease or any extensions thereof end, then the title and ownership of the Improvements (including the building), Fixtures and Personal Property related to (*ADDRESS CONFIDENTIAL*) and the Leased Premises shall revert back to the Landlord. At the expiration of the Term, Tenant, if requested by Landlord, shall execute any and all documents necessary to evidence that ownership and title to the aforementioned Improvements (including the building), Fixtures and Personal Property is in Landlord and to extinguish and remove any cloud or potential cloud on the title to the Premises and/or the Improvements
Right of Reversion. 85.15 A full time employee permitted to perform their duties on a part time basis for an agreed period may, if circumstances alter before the expiry of the agreed period, revert to full time duties as soon as practicable, but no later than the expiry of the period.
Right of Reversion. (a) Seller shall have a right (a “Right of Reversion”) permitting Seller, at its option, to regain ownership of the Reversion Assets subject to the limitations and restrictions set forth in this Section 2.6, in the event that:
Right of Reversion. An employee shall have the ability to return to their former position within one year of being appointed to an out of scope position and shall have all seniority restored. She shall receive her former rate of pay, subject to any increments she would have earned had she remained in her former position
Right of Reversion. 12.1 All Patent Rights claiming the pharmaceutical composition and/or use of ASOs and/or Products may transfer and revert to Isis and upon the assignment described in Section 12.3, all Program Technology and Program Know-how comprised of such pharmaceutical composition and/or use of ASOs and/or Products shall be deemed Isis Confidential Information, upon the earliest occurrence of any of the following events (“Reversion Trigger Events”):
Right of Reversion. If, for whatever reason, Buyer is in Default (as that term is defined in the Development Agreement) under Section 7.2 of the Development Agreement or the Development Agreement is terminated pursuant to Section 8.1 thereof, Seller shall thereafter be entitled to provide written notice to Buyer requiring Buyer to Transfer the Land Rights to Seller, subject only to: (i) the Permitted Liens; and (ii) any applicable approvals that may be required from FERC, NYISO and any other applicable Governmental Authority of competent jurisdiction (“Reconveyance Approvals”), which shall be obtained at Buyer’s sole cost and expense; provided Seller pays to Buyer an amount equal to the Land Rights Purchase Price less any damages suffered by Seller arising directly from any such Default under and/or termination of the Development Agreement. All reasonable and documented costs and expenses incurred by Buyer after Buyer obtains the Reconveyance Approvals and prior to closing shall be reimbursed by Seller. Notwithstanding the above, if the 115 kV Sugarloaf Switching Station (as defined in the EM&CP) has been placed into service by Buyer as part of the RTS Project, and at such time there has been no Default under the Development Agreement or termination of the Development Agreement, unless otherwise directed by NYISO, the 115 kV Sugarloaf Switching Station shall continue to be owned by Buyer and the Land Rights shall continue to be owned by Buyer notwithstanding any later such Default or termination.
Right of Reversion. The County shall have a right of reversion, and fee simple title to the Property shall revert back to the County, as if the Property were never transferred pursuant to this Agreement, if the State, by and through the State Properties Commission, ceases use of the Property as a DDS facility. If any new capital improvements are constructed on the Property by the State after the conveyance contemplated by this Agreement, the County will acquire the improvements for fair market value at the time of the reversion. The County’s right of reversion shall be appropriately referenced in the limited warranty deed.
Right of Reversion. 29.25 A full time Employee permitted to perform their duties on a part time basis for an agreed period:
Right of Reversion. In the event Developer or its successors and/or assigns fails to comply with any obligations of Developer under this Agreement, the Deed, the Binding MOU, the Assigned MOU, the Development Plan, or the Site Plan (the “Documents”), or if Developer fails to commence construction (as defined in Section 3.04 of this Agreement) on or before February 15, 2016, or if Developer fails to complete construction on or before the Construction Completion Date, or if said Hotel Project is not constructed in compliance with the Documents, the Property shall revert to the City. The City shall exercise the right of reversion by the City by filing an affidavit indicating that the City has exercised its right of reversion. Upon the filing of such affidavit, the Property shall automatically, without further action, vest in fee simple in the City. Developer’s execution of this Agreement evidences Developer’s agreement to and acceptance of said right of reversion, and Developer further waives any objection to the form or operation of the right of reversion as well as any effect said right of reversion may have on the marketability of title to said Property.
Right of Reversion. A permanent employee who fails probation or requests, during probation, to revert to her former position, shall be able to revert to her former position.
