Non-Residential Property Sample Clauses

Non-Residential Property. This Mortgage does not cover real property principally improved by one or more structures containing in the aggregate six (6) or less residential dwelling units having their own separate cooking facilities.
Sample 1Sample 2Sample 3See All (16)
AutoNDA by SimpleDocs
Non-Residential Property. This Deed of Trust does not cover real property principally improved by one or more structures containing in the aggregate four (4) or less residential dwelling units and at all times constitutes a commercial deed of trust.
Sample 1Sample 2
Non-Residential Property. Lessee shall not permit or passively consent to residential, recreational vehicle storage and or use, or any other use of the Leased Premises for lodging accommodations.
Sample 1
Non-Residential Property. This A&R Mortgage does not encumber real property principally improved or to be improved by one or more structures containing in the aggregate six
Sample 1
Non-Residential Property. Lessee shall not permit or passively consent to residential use of the Leased Premises.
Sample 1
Non-Residential Property. Although included in the Wesley Chapel Lakes DRX, xxx non-residential property along State Road 54, the proxxxxx Xxxxxx Xxxx Xxxx xxxxxxxxx, xxx xxx xroposed golf course site lying east of the Property as shown on Exhibit "C" (collectively the "Excluded Property") is being retained by the Seller and is not subject to this Agreement, except that the development and proposed uses thereof shall be governed by the Master Plan and shall be reasonably acceptable to the Buyer. The Buyer acknowledges that it is acceptable for the Excluded Property to be used as a golf course or other recreational facility. The Excluded Property shall not be included in the CDDs. In no event (except upon the termination of this Agreement) shall the Seller develop the Excluded Property as a competing residential subdivision. The retail and other non-residential uses on proposed County Road 56 (the "CR 56 Property") shall be marketed and sold by the Seller in a manner consistent with the Master Plan. The Buyer shall provide access and utility service to the CR 56 Property by constructing collector roads and related infrastructure during the ordinary course of its development of the residential portions of the Property pursuant to the Master Plan. The net sales proceeds received from the sale of the CR 56 Property shall be split between the parties as follows: (a) first, the Seller shall receive $6,000 per gross acre for such property (which shall be prorated as necessary for fractional acres), (b) second, the Seller shall be reimbursed from the net sales proceeds for any costs reasonably incurred by the Seller to improve such CR 56 Property for sale, and (c) third, the remaining net sales proceeds then shall be divided with the Seller receiving 50% and the Buyer receiving 50%, provided this Agreement is in full force and effect and the Buyer is not in material default hereunder. As used
Sample 1
Non-Residential Property. This Deed of Trust does not cover real property principally improved by one or more structures containing in the aggregate six (6) or less residential dwelling units having their own separate cooking facilities.
Sample 1
AutoNDA by SimpleDocs
Non-Residential Property. This Mortgage does not cover ------------------------ real property principally improved by one or more structures containing in the aggregate six (6) or less residential units having their own separate cooking facilities, and the Lessee so represents and warrants.
Sample 1

Related to Non-Residential Property

  • Owned Real Property The Company does not own any real property.

  • Location of Real Property and Leased Premises (a) Schedule 3.20(a) lists completely and correctly as of the Closing Date all real property owned by the Borrower and the Subsidiaries and the addresses thereof. The Borrower and the Subsidiaries own in fee all the real property set forth on Schedule 3.20(a).

  • Real Property (a) The Company does not own any real property.

  • Additional Property Collateral shall also includes the following property (collectively, the "Additional Property") which Pledgor becomes entitled to receive or shall receive in connection with any other Collateral: (a) any stock certificate, including without limitation, any certificate representing a stock dividend or any certificate in connection with any recapitalization, reclassification, merger, consolidation, conversion, sale of assets, combination of shares, stock split or spin-off; (b) any option, warrant, subscription or right, whether as an addition to or in substitution of any other Collateral; (c) any dividends or distributions of any kind whatsoever, whether distributable in cash, stock or other property; (d) any interest, premium or principal payments; and (e) any conversion or redemption proceeds; provided, however, that until the occurrence of an Event of Default (as hereinafter defined), Pledgor shall be entitled to all cash dividends and all interest paid on the Collateral (except interest paid on any certificate of deposit pledged hereunder) free of the security interest created under this Agreement. All Additional Property received by Pledgor (except for dividends permitted to be retained by Pledgor pursuant to the immediately preceding sentence) shall be received in trust for the benefit of Secured Party. All Additional Property and all certificates or other written instruments or documents evidencing and/or representing the Additional Property that is received by Pledgor, together with such instruments of transfer as Secured Party may request, shall immediately be delivered to or deposited with Secured Party and held by Secured Party as Collateral under the terms of this Agreement. If the Additional Property received by Pledgor shall be shares of stock or other securities, such shares of stock or other securities shall be duly endorsed in blank or accompanied by proper instruments of transfer and assignment duly executed in blank with, if requested by Secured Party, signatures guaranteed by a bank or member firm of the New York Stock Exchange, all in form and substance satisfactory to Secured Party. Secured Party shall be deemed to have possession of any Collateral in transit to Secured Party or its agent.

  • Location of Real Property The Perfection Certificate lists correctly, in all material respects, as of the Closing Date all Material Real Property owned by the Borrower and the Subsidiary Loan Parties and the addresses thereof. As of the Closing Date, the Borrower and the Subsidiary Loan Parties own in fee all the Real Property set forth as being owned by them in the Perfection Certificate except to the extent set forth therein.

Time is Money Join Law Insider Premium to draft better contracts faster.