Anchor Property definition

Anchor Property means any and all Property of the Borrower, or rights, title or interests of the Borrower in Property, howsoever arising, acquired or obtained, whether now or hereafter existing, whether tangible or intangible, whether real or personal, and wherever located.
View Source

Examples of Anchor Property in a sentence

  • In the event of a default in payment of the Minimum Annual Payment obligation, the beneficiaries of the Minimum Annual Payment pursuant to this Covenant Agreement shall look exclusively to the Anchor Property for satisfaction thereof and shall not seek or obtain a personal judgment against CC Trust or its successors or assigns.

  • This Covenant Agreement imposes the covenants herein on the Anchor Property.

  • The covenants in this Covenant Agreement shall run with the Anchor Property described in Exhibit A to this Covenant Agreement.

  • Subject to Section 8 of this Covenant Agreement, during the Minimum Annual Payment Period, the owner(s) (and any successors in interest) of the Anchor Property will pay, or cause to be paid, not less than the Minimum Annual Payment of ad valorem taxes (or will make a payment in lieu of taxes in the Minimum Annual Payment amount).

  • In no event shall the covenants in this Covenant Agreement constitute a personal liability of CC Trust (or their respective successors and assigns), nor will the owner(s) of any portion of the Anchor Property be prevented from disputing any proposed increased ad valorem taxes that may be in excess of the Minimum Annual Payment amount.

  • CC Trust have agreed that a recordable instrument would include a covenant running with the land providing that the owner(s) and any successors in interest of the Anchor Property will pay or cause to be paid a minimum annual amount of ad valorem taxes on the Anchor Property and taxable personal property during the Minimum Annual Payment Period (as defined below).

  • The Real Property is part of an enclosed regional shopping mall, consisting of: (1) the Real Property and (2) the buildings and adjoining parking areas owned by third parties and currently operated as "Dillard's," "JC Penney" and "Sears" stores, respectively (the operators thereof being hereinafter collectively referred to as the "Anchor Property Operators").