Examples of Baltimore Property in a sentence
Except for the delivery of the Deed, the Xxxx of Sale and the FIRPTA Certificate (as such terms are more particularly described in the Baltimore Purchase Agreement), Tenant shall be responsible for all of Landlord's obligations set forth in the Baltimore Purchase Agreement, including, without limitation, all covenants of Landlord and Landlord's obligations relating to the subdivision of the Baltimore Property.
Baltimore Owner has good, marketable and insurable title to the real property comprising the Baltimore Property and good title to the balance of such Individual Property, free and clear of all Liens whatsoever except the Permitted Encumbrances, such other Liens as are permitted pursuant to the Loan Documents and the Liens created by the Loan Documents.
Buyer may make, or require Seller to make or cause to be made, an election under Section 856(l) of the Code, effective as of the Closing Date, to treat the Seller Subsidiary owning the Baltimore Property for federal income tax purposes as a “taxable REIT subsidiary” and Seller shall cooperate in connection with making such election.
If the tenant at the Baltimore Property commences payment of rent prior to June 1, 2006, then Buyer shall pay, or cause to be paid, to the Seller Representative, for payment to the Stockholders, promptly upon receipt, an amount equal to the product of (A) fifty percent (50%) of the base rent collected from such tenant with respect to the period prior to June 1, 2006, multiplied by (B) the Seller Pro Rata Percentage.
Net Capital Proceeds, if any, and any proceeds from the Hxxxx Street Property pursuant to Section 6.3 below and proceeds from the Baltimore Property pursuant to Section 6.4 below shall be distributed as soon as reasonably practicable, and in any event within ten days after the same become available for distribution, to the extent such distribution in not prohibited by third-party debt agreements of the Partnership or a Subsidiary.
Baltimore Borrower is the sole member of HH Baltimore LLC, a Delaware limited liability company (the “IDOT Guarantor”) which is the owner in fee title to the Baltimore Property (as hereinafter defined).
Upon the sale of the Subdivided Parcel from Landlord to the Baltimore Purchaser, Exhibit C to the Agreement to Lease referred to herein as a Purchase Document shall be amended to delete the "Allocation of Minimum Rent" provided for therein with respect to the Baltimore Property and insert the Baltimore Minimum Rent applicable upon the closing of the sale of the Subdivided Parcel as provided herein in its place.
Buyer shall pay, or cause to be paid, to Seller Representative, for payment to the Stockholders, within three (3) Business Days after the closing of the sale of the Baltimore Property, the Baltimore Property Excess Sale Amount.
Borrower has good, marketable and insurable fee simple title to the real property comprising part of each Individual Property (other than the Baltimore Property) and good title to the balance of such Individual Property, free and clear of all Liens whatsoever except the Permitted Encumbrances, such other Liens as are permitted pursuant to the Loan Documents and the Liens created by the Loan Documents.
The Management Agreements related to the Portsmouth Property and the Baltimore Property shall also provide that except for payment of base management fees, which in no event shall exceed five percent (5%) of Gross Income from Operations for any Individual Property all of the Manager’s rights under such Management Agreement are subordinate to the Lien of the Mortgage and the rights of Lender.