Common use of Separate Lots Clause in Contracts

Separate Lots. The Mortgaged Property is comprised of one (1) or more parcels which constitute one or more separate tax lots which do not include any property not a part of the Mortgaged Property.

Appears in 3 contracts

Samples: Mezzanine Construction Loan Agreement (Prime Group Realty Trust), Credit Agreement (Prime Group Realty Trust), Mezzanine Loan Agreement (Prime Group Realty Trust)

AutoNDA by SimpleDocs

Separate Lots. The Each Mortgaged Property is comprised of one (1) or more parcels which constitute one or more separate tax lots which and do not include constitute a portion of any property other tax lot not a part of the such Mortgaged Property.

Appears in 2 contracts

Samples: Loan Agreement (IMH Financial Corp), Loan Agreement (IMH Financial Corp)

Separate Lots. The Each Mortgaged Property is comprised of one (1) or more parcels which constitute one or more a separate tax lot or lots which do and does not constitute or include a portion of any property other tax lot not a part of the such Mortgaged Property, unless and to the extent otherwise set forth in the Title Policy.

Appears in 1 contract

Samples: Loan and Security Agreement (CNL Hotels & Resorts, Inc.)

Separate Lots. The Each Mortgaged Property is comprised of one (1) or more parcels which constitute one or more separate tax lots which do not include any property not a part of the applicable Mortgaged Property.

Appears in 1 contract

Samples: Loan Agreement (Entertainment Properties Trust)

AutoNDA by SimpleDocs

Separate Lots. The Each Mortgaged Property is comprised of one (1) or more parcels which constitute one or more a separate tax lot or lots which do and does not include constitute a portion of any property other tax lot not a part of the such Mortgaged Property.

Appears in 1 contract

Samples: Credit Agreement (Lubys Inc)

Separate Lots. The Each Mortgaged Property is comprised of one (1) or more parcels which constitute one or more constitutes a separate tax lot or lots which do and does not include constitute a portion of any property other tax lot not a part of the such Mortgaged Property.

Appears in 1 contract

Samples: Loan Agreement (Walden Residential Properties Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!