Existing Real Property definition

Existing Real Property means buildings or permanent structures, including equipment and apparatus used to maintain or service the buildings or structures that existed prior to the beginning of the "insured project".
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Existing Real Property means all now owned real property of Borrower, including leasehold interests, together with the buildings, structures and other improvements located thereon, and all licenses, easements and appurtenances relating thereto, wherever located, as more particularly described on Schedule 1.40 hereto but not including the Real Property subject to the Mortgages.
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Existing Real Property means the real property located at (a) 0000 Xxxxxxx Xxx., Elk Grove Village, Illinois 60007, and (b) 1201-0000 Xxxxx Xxxxx, McHenry, IL 60051.
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Examples of Existing Real Property in a sentence

  • The City and the Company agree to the calculation of PILOT Payments with respect to the Project Improvements, based upon these stipulated market values, using the applicable assessment ratio then in effect in the State of Missouri, without regard to any annual appraisal or assessment which may be rendered by the County Assessor with respect to the Existing Real Property or the Project Improvements.

  • Stayton acknowledges and agrees that Purchaser has not waived its rights under the PSA (including, without limitation those rights set forth in Section 7.1(i) and 8.6) with respect to any modifications to the Existing Real Property Loans and Existing Personal Property Loans required by the Modification Schedule which are not specifically satisfied in the modification documents or term sheets attached the Reorganization Plan or any modification or supplement to the Reorganization Plan.

  • The Company covenants and agrees that, during each year the Leased Property is exempt from ad valorem taxes by reason of the City owning title, the Company will (i) pay the Base PILOT which amount represents the ad valorem real property taxes on the Existing Real Property, and (ii) make annual payments in lieu of taxes to the City (each such payment, a “PILOT Payment”) as described in this Article III relating to the Project.

  • The City and the Company hereby agree that the tax abatement provided by this Agreement shall only apply to the Existing Real Property and the property financed with the proceeds of the Bonds (i.e., property constituting a part of the Project) and shall not apply to property not financed with proceeds of the Bonds.

  • Except for the filing of this Agreement with the Court pursuant to Section 10.1 in connection with the Sale & Auction Process Motion, this Agreement (including the Debt Modification Schedules) may not be disclosed (i) to any holder of the Existing Real Property Loans or the Existing Personal Property Loans and (ii) until the Court approves the Sale & Auction Process Motion, to any potential bidders for the Properties.

  • For the avoidance of doubt in the event that an Unsatisfied Closing Condition exists with respect to any Property that is subject to an Existing Real Property Loan with other Properties, then the Unsatisfied Closing Condition shall be deemed to apply to all of the Properties subject to such Existing Real Property Loan.


More Definitions of Existing Real Property

Existing Real Property means the premises located, respectively, at (a) 50 Xxxxx Xxxx Xxxx, Xxxx xx Xxxxxxxxxx, Xxxxxx of Middlesex, in the Commonwealth of Massachusetts, (b) 1000 Xxxx Xxxx, City of Plano, County of Collin, in the State of Texas, and (c) 100 0xx Xxxxxx X., Xxxxxxx, Xxxx Xx., XX 00000.
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Existing Real Property means all real property owned by an Obligor in fee simple or leased by an Obligor pursuant to a Long-Term Lease on the Closing Date, as more particularly described on SCHEDULE 3.03.
Sample 1
Existing Real Property means those certain parcels of property located at: 13, 15 & 00 Xxx Xxxxxx Xx., Danbury, CT 06810 (Fairfield Co.), to the extent a title search reveals that this property is still owned by a Credit Party. 000 X. Xxxxx Xx., Xxxxxx Xxxxxx, XX 00000 (Orange Co.) 0000 X. Xxxxx Xxxxxx, Xxxxxxx, XX 00000 (Kankakee Co.) 000 X. Xxxxx Xx., Xxxxxxxxxxx, XX 00000 (Macon Co.) 000 Xxxxxxxx Xx., Lawrence, MA 01843 (Essex Co.) 000 Xxxxxxxx Xx., Xxxxxxx, XX 00000 (Blue Earth Co.) 0000 0xx Xx. XX, Xxxxxxxxx XX 00000 (Rice Co.) 0000 X. Xxxxxx Xx., Xxxxxxxx, XX 00000 (Xxxxxx Co.) 000 Xxxxx Xx., Xxxxxxxxxx, XX 00000 (Panola Co.) Xxx 0.00, & Xxx 00.00 Xxxxxxxxxx Xx., Monroe NJ (Middlesex Co.) 000 Xxxx Xxx., Xxxxx Xxxx, XX 00000 (Cape May Co.) 0000 X. Xxxx Xxxxxx, Xxxxxxxxx, XX 00000 (Fairfield Co.) 000 Xxxx Xxxx Xxxxx Xxxxx, Xxxxxxxxx, XX 00000 (Fairfield Co.) 0000 Xxxxxxxxxx Xxxx, Xxxxxx, XX 00000 (Xxxxx Co.) 0000 Xxxxxxxxxx Xxxx, Xxxxxx, XX 00000 (Xxxxxxxxxx Co.) 000 00xx Xxxxxx, X.X., Xxxxxxxxx, XX 00000 (Xxxxx Co.) River Road, Tinicum, PA (Delaware & Bucks Co.) 0000 Xxxxxxx Xxx., Xxxxxxx, XX 00000-0000 (Bucks Co.) 0000 Xxxxxxxxx Xxxxxx, Connellsville, PA 15425 (Fayette Co.) 0000 Xxxxxxxx, Xxxxxxx, XX 00000 (York Co.) 000 Xxxxx Xxx, Cheraw, SC 29520 (Chesterfield Co.) 000 Xxxxxxxx Xxx, Xxxxxxxxxxx, XX 00000 (Chesterfield Co.) 00000 Xxxx Xxxxxx Blvd., Xxxxxxxxx, TX 77478 (Fort Bend Co.) 0000 Xxxxx Xxxxxx, Xxxxxxx, XX 00000 (Xxxxxx Co.) 0000 X. Xxxxxxx, Conroe, TX 77303 (Xxxxxxxxxx Co.) 0000 Xxxxxxxxxxx Xxxx, Xxxxxxxxxx, XX 00000 (Xxxxxxxxx Co.) 0000 Xxxxx Xxxxx, Xxxxxxx, XX 00000 (Brook Co.) 00000 00xx Xxx, Xxxxxxxx Xxxxx, XX 00000 (Chippewa Co.) 0000 Xx. Xxxxx Xxxxxx, La Crosse, WI (La Crosse Co.) 0000 X. Xxxx Xxxxxx, Xxxxxxx, XX 00000 (Winnebago Co.) 000 Xxxxx 0xx Xxxxxx, Xxxxxxx, XX 00000 (Washakie Co.) 0000 Xxxxxxxxxx Xx., Xxxxxxxxx, XX (Xxxxxxxxx Co.) 0000 X. Xxxxxxxx, Xxxxxx, XX (DuPage Co.) 0000 Xxxxx Xxxx, Olympia, WA (Xxxxxxxx Co.)
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Existing Real Property means those certain parcels of property located at:
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Existing Real Property the collective reference to all parcels of Material Real Property as of the Initial Closing Date other than any parcel of Material Real Property which was undeveloped as of the Initial Closing Date.
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Existing Real Property means the Project Site and the improvements existing thereon at the date of this Agreement. “Job” means a full-time equivalent position with the Company of not less than 37.5 hours per week at the Project Site, which shall include normal full-time employee benefits offered by the Company. Positions filled by workers who are not directly employed by the Company do not qualify as “Jobs” for purposes of this definition.
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Related to Existing Real Property

  • Existing Property means all property against which ad valorem property taxes were levied by a local unit for its concluding fiscal year, minus all property that is considered losses for purposes of ad valorem property tax levies of the local unit for the ensuing fiscal year.

  • Leased Real Property has the meaning set forth in Section 3.18(b).

  • Real Properties means, at any time, a collective reference to each of the facilities and real properties owned, leased or operated by the Consolidated Parties at such time.

  • Owned Real Property has the meaning set forth in Section 4.10(a).

  • Owned Real Properties has the meaning set forth in Section 3.16(b).

  • Real Property means any estates or interests in real property now owned or hereafter acquired by any Grantor and the improvements thereto.

  • Real Property Interests means all interests in Owned Real Property and Leased Real Property, including fee estates, leaseholds and subleaseholds, purchase options, easements, licenses, rights to access, and rights of way, and all buildings and other improvements thereon and appurtenant thereto, owned or held by Sellers that are used in the business or operations of the Stations, together with any additions, substitutions and replacements thereof and thereto between the date of this Agreement and the Closing Date, but excluding the Excluded Real Property Interests.

  • Mortgaged Real Property means each of the parcels of real property set forth on Schedule 4 hereto, or interests therein, owned in fee by a Credit Party, together with each other parcel of Real Property that shall become subject to a Mortgage after the Closing Date, in each case together with all of such Credit Party’s right, title and interest in the improvements and buildings thereon and all appurtenances, easements or other rights belonging thereto.

  • Additional Property means, in respect of a Series, the rights and benefits provided in respect of the Series, or applicable Class, pursuant to any letter of credit, surety bond, cash collateral account, spread account, guaranteed rate agreement, maturity liquidity facility, tax protection agreement, interest rate and/or currency swap agreement, loan agreement, enhancement agreement or other similar arrangement as contemplated under the Pooling and Servicing Agreement and as provided for in the related Series Purchase Agreement.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Company Leased Real Property shall have the meaning set forth in Section 3.15(b).

  • Material Leased Real Property shall have the meaning set forth in Section 3.17(b).

  • Real Property Assets means, as of any time, the real property assets (including interests in participating mortgages in which the Borrower’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by the Borrower, EQR and the Consolidated Subsidiaries of either or both at such time.

  • Permitted Real Property Encumbrances means (i) those liens, encumbrances and other matters affecting title to any Mortgaged Property listed in the applicable title policy in respect thereof (or any update thereto) and found, on the date of delivery of such title policy to the Administrative Agent in accordance with the terms hereof, reasonably acceptable by the Administrative Agent, (ii) as to any particular real property at any time, such easements, encroachments, covenants, restrictions, rights of way, minor defects, irregularities or encumbrances on title which do not, in the reasonable opinion of the Administrative Agent, materially impair such real property for the purpose for which it is held by the mortgagor or owner, as the case may be, thereof, or the Lien held by the Administrative Agent, (iii) municipal and zoning laws, regulations, codes and ordinances, which are not violated in any material respect by the existing improvements and the present use made by the mortgagor or owner, as the case may be, of such real property, (iv) general real estate taxes and assessments not yet delinquent, and (v) such other items as the Administrative Agent may consent to.

  • Excluded Real Property means (a) any fee-owned real property with a purchase price (in the case of real property acquired after the Effective Date) or Fair Market Value (in the case of real property owned as of the Effective Date, with Fair Market Value determined as of the Effective Date) of less than $3,500,000 individually, (b) any real property that is subject to a Lien permitted by Sections 6.02(iv), (xix), (xxii), (xxiii), (xxviii) or (xxxi), (c) any real property with respect to which, in the reasonable judgment of the Term Administrative Agent (confirmed by notice to the Borrower) the cost (including as a result of adverse tax consequences) of providing a Mortgage shall be excessive in view of the benefits to be obtained by the Lenders, (d) any real property to the extent providing a mortgage on such real property would (i) be prohibited or limited by any applicable law, rule or regulation (but only so long as such prohibition or limitation is in effect), (ii) violate a contractual obligation to the owners of such real property (other than any such owners that are the Borrower or Affiliates of the Borrower) that is binding on or relating to such real property (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code) but only to the extent such contractual obligation was not incurred in anticipation of this provision or (iii) give any other party (other than the Borrower or a wholly-owned Restricted Subsidiary of the Borrower) to any contract, agreement, instrument or indenture governing such real property the right to terminate its obligations thereunder (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code or other applicable law) and (e) any Leasehold.

  • Transferred Real Property shall have the meaning set forth in Section 1.2(a)(vii).

  • Residential real property means real property improved by a one to four family dwelling used or occupied, or intended to be used or occupied, wholly or partly, as the home or residence of one or more persons, but shall not refer to (a) unimproved real property upon which such dwellings are to be constructed or (b) condominium units or cooperative apartments or (c) property on a homeowners’ association that is not owned in fee simple by the seller.

  • Real Property Lease has the meaning set forth in Section 3.9(b).

  • Real Property Leases has the meaning set forth in Section 4.7(b).

  • Company Real Property means the Company Owned Real Property and the Company Leased Real Property.

  • Real Property Security Documents means the Landlord Consent and any mortgage or deed of trust or any other real property security document executed or required hereunder to be executed by any Obligor and granting a security interest in real Property owned or leased (as tenant) by any Obligor in favor of the Lenders.

  • Hotel Property for any hotel means the Real Property and the Personal Property for such hotel.

  • Real Property Asset means, at any time of determination, any interest then owned by any Loan Party in any real property.

  • Material Real Property means any real property owned by any Loan Party with a fair market value in excess of $5,000,000.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Estate in Real Property A fee simple estate in a parcel of land.