Common use of Independent Buildings Clause in Contracts

Independent Buildings. The Buildings are fully independent in all respects from any other buildings or improvements not located on the Property including, without limitation, in respect of structural integrity, heating, ventilating and air conditioning, plumbing, mechanical and other operating and mechanical systems, all of which are connected directly to off-site utilities located in recorded easements or public streets or ways. The Buildings are located on lots which are separately assessed for purposes of real estate tax assessment and payment. The Buildings, all Building Service Equipment and all paved or landscaped areas related to or used in connection with the Buildings are located wholly within the perimeter lines of the lot or lots on which the Properties are located except any real property covered by any easement benefiting the Property or as disclosed in the Surveys.

Appears in 2 contracts

Samples: Credit Agreement (Lexington Corporate Properties Trust), Unsecured Revolving Credit Agreement (Lexington Corporate Properties Trust)

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Independent Buildings. The Buildings buildings on the property are fully independent in all respects from any other buildings or improvements not located on the Property property including, without limitation, in respect of structural integrity, heating, ventilating and air conditioning, plumbing, mechanical and other operating and mechanical systems, all of which are connected directly to off-site utilities located in recorded easements or public streets or ways. The Buildings buildings are located on lots which are separately assessed for purposes of real estate tax assessment and payment. The Buildingsbuildings, all Building Service Equipment building service equipment and all paved or landscaped areas related to or used in connection with the Buildings buildings are located wholly within the perimeter lines of the lot or lots on which the Properties properties are located except any real property covered by any easement benefiting the Property property or as disclosed in the Surveyssurveys.

Appears in 1 contract

Samples: Revolving Credit Agreement (Arc Corporate Realty Trust Inc)

Independent Buildings. The Buildings are fully independent in all respects from any other buildings or improvements not located on the Property Real Property, including, without limitation, in respect of structural integrity, heating, ventilating and air conditioning, plumbing, mechanical and other operating and mechanical systems, all of which are connected directly to off-site utilities located in recorded easements or public streets or ways. The Buildings are located on lots which are separately assessed for purposes of real estate tax assessment and payment. The Buildings, all Building Service Equipment and all paved or landscaped areas related to or used in connection with the Buildings are located wholly within the perimeter lines SECURED TERM LOAN AGREEMENT 22 28 of the lot or lots on which the Real Properties are located except any real property covered by any easement benefiting benefitting the Real Property or as disclosed in the Surveys.

Appears in 1 contract

Samples: Secured Term Loan Agreement (Net 2 L P)

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Independent Buildings. The Buildings are fully independent in all respects from any other buildings or improvements not located on the Eligible Property including, without limitation, in respect of structural integrity, heating, ventilating and air conditioning, plumbing, mechanical and other operating and mechanical systems, all of which are connected directly to off-site utilities located in recorded easements or public streets or ways. The Buildings are located on lots which are separately assessed for purposes of real estate tax assessment and payment. The Buildings, all Building Service Equipment and all paved or landscaped areas related to or used in connection with the Buildings are located wholly within the perimeter lines of the lot or lots on which the Eligible Properties are located except any real property covered by any easement benefiting the Property or as disclosed in the SurveysEligible Property.

Appears in 1 contract

Samples: Senior Unsecured Revolving Credit Agreement (Lexington Corporate Properties Trust)

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