Office Property Clause Samples

The "Office Property" clause defines the specific premises or areas within a building that are designated for office use under a lease or agreement. It typically outlines the location, size, and boundaries of the office space, and may include details such as floor number, suite designation, or amenities provided. By clearly identifying the office property, this clause ensures both parties understand exactly which space is being leased, reducing the risk of disputes over property use or access.
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Office Property. All furniture, fixtures, computer hardware and software, and supplies, spare parts, and all other tangible personal property and assets utilized in the Business, including, without limitation, those identified on Exhibit “A” (the “Office Property”).
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Office Property. See §5.2.
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Office Property. An income producing operating property utilized principally for office/flex/industrial purposes.
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Office Property. On or before the Conversion Date, the Company shall acquire one hundred percent of the fee simple title to the Office Property pursuant to the purchase option in the Lease. Simultaneously with acquiring fee simple title to the Office Property, the Company shall execute and deliver to the Administrative Agent the Mortgage duly executed and delivered by such Borrower(s) and in recordable form covering the Office Property pursuant to which the Administrative Agent shall have a perfected first priority mortgage Lien on the Office Property (subject only to Permitted Liens that are referred to in the Schedule to the Mortgage and/or the title policy referred to below) for the benefit of the Lenders. In connection therewith, the Borrowers shall deliver to the Administrative Agent on or before the date specified above the following: (a) a flood insurance policy in the amount reasonably required by the Administrative Agent, but in no event less than the amount sufficient to meet the requirements of applicable Law and the Flood Disaster Protection Act of 1973, or evidence satisfactory to the Administrative Agent that the Office Property is not located in a flood hazard area; (b) an update to the Phase I environmental assessment referred to in Section 4.1(b) addressed to the Administrative Agent (or subject to a reliance letter satisfactory to the Administrative Agent), made within one hundred and eighty (180) days prior to the date that the Company acquired fee simple title to the Office Property, in form and substance reasonably acceptable to the Administrative Agent; (c) a fully paid mortgagee title insurance policy for the Office Property (or a binding commitment to issue a title insurance policy, marked to the Administrative Agent’s satisfaction to evidence the form of such policies to be delivered with respect to the Mortgage), on ALTA Form 2006 Form (or such other form as shall be reasonably acceptable to the Administrative Agent), issued by a title insurance company reasonably acceptable to the Administrative Agent, together with such endorsements requested by the Administrative Agent, in an amount equal to not less than the Total Exposure of the Lenders on the Conversion Date, insuring the Mortgage as a valid first priority Lien on the Office Property and all appurtenant easements, with no exceptions which the Administrative Agent shall not have approved in the exercise of its reasonable discretion; and (d) such other documents as the Administrative Agent sha...
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Office Property. Notwithstanding anything in this Agreement to the contrary, the parties agree that the Company shall have the right but not the obligation to enter into a contract providing for the lease or sublease of office property by the Company on commercially reasonable terms beginning October 1, 1997 for a term not to exceed one year, provided, however, that no such lease or sublease shall be entered into without Acquiror's consent, which consent shall not be unreasonably withheld.
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Office Property. The words “Office Property” mean the Borrower’s offices located at ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇
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Office Property. All of Seller’s right, title and interest in and to the leased premises in Lafayette, Louisiana and Houston, Texas, together with all other equipment, improvements and facilities located on or appurtenant to said leased premises (collectively, the “Office Property”); and
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Related to Office Property

  • Partnership Property All property, real, personal, tangible, intangible, or mixed, acquired by or contributed to the Partnership shall be owned by the Partnership and titled in its name and such property shall not be owned individually by any Partner. Each Partner acknowledges and agrees that the System and all elements thereof, are the exclusive property of the Company and are not Partnership property. Each Partner acknowledges and agrees that the Proprietary Marks are the exclusive property of the Company and are not Partnership property. Each Partner acknowledges and agrees that the Partnership shall not acquire or own any land or buildings. Any land or buildings used in the Partnership business shall be acquired and owned by the Company or an Affiliate of the Company and leased to the Partnership at reasonable rates and terms, and such land and buildings shall not be Partnership property.

  • B8 Property Where the Client issues Property free of charge to the Contractor such Property shall be and remain the property of the Client and the Contractor irrevocably licences the Client and its agents to enter upon any premises of the Contractor during normal business hours on reasonable notice to recover any such Property. The Contractor shall not in any circumstances have a lien or any other interest on the Property and the Contractor shall at all times possess the Property as fiduciary agent and bailee of the Client. The Contractor shall take all reasonable steps to ensure that the title of the Client to the Property and the exclusion of any such lien or other interest are brought to the notice of all sub-contractors and other appropriate persons and shall, at the Client’s request, store the Property separately and ensure that it is clearly identifiable as belonging to the Client.

  • Cooperative Property The real property and improvements owned by the Cooperative Corporation, that includes the allocation of individual dwelling units to the holders of the Cooperative Shares of the Cooperative Corporation.

  • Real Estate All real property at any time owned or leased (as lessee or sublessee) by the Borrower or any of its Subsidiaries.

  • Real Estate Assets In the event that any Credit Party hereafter acquires an interest in any Material Real Estate Asset and such interest has not otherwise been made subject to the Lien of the Collateral Documents in favor of Administrative Agent, for the benefit of Lenders, then such Credit Party, contemporaneously with acquiring such Material Real Estate Asset, shall take all such actions and execute and deliver, or cause to be executed and delivered, the following: (i) fully executed and notarized Mortgages, in proper form for recording in all appropriate places in all applicable jurisdictions, encumbering each such Material Real Estate Asset (it being understood that such Credit Party shall use reasonable best efforts to obtain any Mortgage of a qualifying Leasehold Interest); (ii) an opinion of counsel (which counsel shall be reasonably satisfactory to Syndication Agent and Administrative Agent) in each state in which such Material Real Estate Asset is located with respect to the enforceability of the form(s) of Mortgages to be recorded in such state and such other matters as Syndication Agent and Administrative Agent may reasonably request, in each case in form and substance reasonably satisfactory to Syndication Agent and Administrative Agent; (iii) from time to time, at the request of Administrative Agent, appraisals as are required by law or regulation; (iv) ALTA mortgagee title insurance policies or unconditional commitments therefor issued by a title company with respect to each such Material Real Estate Asset, together with a title report issued by a title company with respect thereto, dated not more than thirty (30) days prior to the effective date of such executed Mortgage and copies of all recorded documents listed as exceptions to title or otherwise referred to therein, each in form and substance reasonably satisfactory to Syndication Agent and Administrative Agent; (v) evidence of flood insurance with respect to each Flood Hazard Property that is located in a community that participates in the National Flood Insurance Program, in each case in compliance with any applicable regulations of the Board of Governors of the Federal Reserve System, in form and substance reasonably satisfactory to Syndication Agent and Administrative Agent; and (vi) ALTA surveys of all such properties which are not Leasehold Properties, certified to Administrative Agent and dated not more than thirty (30) days prior to the effective date of such executed Mortgage.