Covered Real Property definition

Covered Real Property means Covered Property constituting real property or an interest in real property.
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Covered Real Property means, at any time, (a) any Real Property Asset listed on Schedule 6.02 that is not, at such time, subject to Liens permitted under Section 6.02 securing Indebtedness (other than the Obligations) of the Borrower or any Subsidiary permitted under Section 6.01; (b) any Real Property Asset (other than any Real Property Asset listed in Schedule 6.02) consisting of a leasehold interest in real property now owned or hereafter acquired by the Borrower or any Subsidiary; and (c) any Real Property Asset (other than any Real Property Asset listed in Schedule 6.02) consisting of a fee interest in real property now owned or hereafter acquired by the Borrower or any Subsidiary, excluding, however, (i) any fee interest in undeveloped land held by the Borrower or any Subsidiary for the development of a Related Store, provided that construction of such Related Store has commenced thereon not later than 270 days following the acquisition of such fee interest in undeveloped land by the Borrower or such Subsidiary, (ii) any fee interest in any Real Property Asset consisting of a Related Store that is under construction, provided that (A) such construction has not been continuing for longer than one year and (B) such fee interest was not, prior to the commencement of such construction, required to be encumbered by a Mortgage pursuant to Section 5.13(b), (iii) any fee interest in any Real Property Asset consisting of a Related Store the construction of which is complete, provided that (A) no more than 270 days have elapsed since the later of the date of completion of such construction and the date on which the Borrower or any Subsidiary acquired such fee interest and (B) such fee interest was not previously required to be encumbered by a Mortgage pursuant to Section 5.13(b); (iv) any fee interest in any Real Property Asset consisting of a Related Store (whether fully constructed or under construction) that is subject to a Lien permitted under Section 6.02(d); and (v) any Real Property Asset from and after such time as such Real Property Asset becomes subject to a Lien permitted under Section 6.02(e) or Section 6.02(f), provided that if an Unavoidable Delay (as defined below) occurs during any time period specified with respect to any
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Covered Real Property has the meaning assigned to that term in subsection 6.9.
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Examples of Covered Real Property in a sentence

  • In addition to the notice, the Acquiring Member shall make any and all information concerning the Covered Real Property and the terms of the acquisition available for inspection by the other Member.

  • The Acquiring Member’s notice shall describe in detail the terms of the acquisition (including the associated costs), the Covered Real Property subject to the acquisition, whether or not the Acquiring Member believes the acquisition of the Covered Real Property by the Company is in its best interests, and the reasons for its conclusions.

  • If conveyed to the Company, the Covered Real Property shall become a part of the Properties for all purposes of this Agreement immediately upon the notice of such other Member’s election to participate.

  • Each Borrower shall, and shall cause each of its Subsidiaries to, permit any authorized representatives designated by Administrative Agent, upon reasonable notice, to visit and inspect any Additional Mortgaged Property for the purpose of obtaining an appraisal of value, conducted by consultants retained by Administrative Agent in compliance with all applicable banking regulations, with respect to such Covered Real Property Asset.

  • If the other Member does not give notice of its election to participate within the 60 day period in Section 10.1(c), neither such other Member nor the Company shall have any interest in the Covered Real Property, and the Covered Real Property shall not be a part of the Properties or otherwise be subject to this Agreement.

  • If conveyed to the Company, the Covered Real Property will become a part of the Properties for all purposes of this Agreement immediately upon the notice of such other Member’s election to participate.

  • Such other Member will, within 15 days of the date of conveyance of the Covered Real Property to the Company, pay to the Acquiring Member its proportionate share, based on the Members’ proportionate Interests, of the Acquiring Member’s and its Affiliates’ actual out-of-pocket acquisition costs.

  • In addition to the notice, the Acquiring Member will make any and all information concerning the Covered Real Property and the terms of the acquisition available for inspection by the other Member.

  • Each Borrower shall, and shall cause each of its Subsidiaries to, permit any authorized representatives designated by any Agent, upon reasonable notice, to visit and inspect any Additional Mortgaged Property for the purpose of obtaining an appraisal of value, conducted by consultants retained by such Agent in compliance with all applicable banking regulations, with respect to such Covered Real Property Asset.

  • If the other Member does not give notice of its election to participate within the 30 day period in Section 10.1(c), neither such other Member nor the Company will have any interest in the Covered Real Property, and the Covered Real Property will not be a part of the Properties or otherwise be subject to this Agreement.


More Definitions of Covered Real Property

Covered Real Property means (i) the Acquired Interest Real Property and (ii) the portion of the Excluded Real Property located at 0000 Xxxx Xxxxxx Xxxxxx Blvd, New Bedford, MA to be covered by the Lease Agreement. “COVID-19” means the disease caused by SARS-CoV-2 or COVID-19 (and all related strains and sequences), and any evolutions or mutations thereof or related or associated epidemics, pandemics, public health emergencies, or disease outbreaks. “COVID-19 Laws” means (i) Presidential Proclamation 9994 of March 13, 2020 Declaring a National Emergency Concerning the COVID-19 Outbreak, (ii) the CARES Act, (iii) the Families First Coronavirus Response Act of 2020, (iv) Presidential Memorandum of August 8, 2020, Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster, 85 FR 49587, (v) H.R. 133 – Consolidated Appropriations Act, 2021, (vi) H.R. 1319 - American Rescue Plan Act of 2021, Public Law No: 117-2, (vii) any other Law specifically directed at and in response to COVID-19, and (vii) any amendment to the foregoing. “COVID-19 Measures” means any quarantine, “shelter in place,” “stay at home,” workforce reduction, social distancing, shutdown, closure, sequester or any other Law, Order, directive, guidelines or recommendations by any Governmental Entity in connection with or in response to COVID-19, including the CARES Act. “Customs Laws” has the meaning set forth in Section 3.20(c). “Data Security Requirements” means, collectively, all of the following to the extent relating to Data Treatment or otherwise relating to privacy, security or security breach notification requirements and applicable to any of the CD Group Companies, to the conduct of the Business, or to any of the Business Systems or data: (i) the CD Group Companies’ own rules, policies and procedures (whether physical or technical in nature, or otherwise), (ii) all applicable Laws, rules, and regulations (including Department of Defense FAR Supplement Clause 252.204-7012), (iii) industry standards applicable to the industry in which the CD Group Companies operate (including National Institute of Standards and Technology Special Publication 800-171), and (iv) contracts and agreements into which the CD Group Companies have entered or by which they are otherwise bound. “Data Treatment” means the access, collection, use, processing, storage, sharing, distribution, transfer, disclosure, security, destruction, disposal of or any other activity regarding data, including Protected Data (whether in electr...
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Covered Real Property means any real property that is currently occupied by Seller or the Seller Subsidiaries pursuant to a Seller Lease that is an Assigned Contract.
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Covered Real Property shall have the meaning set forth in Section 10.1(a).
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Covered Real Property means the Owned Real Property and the Leased Real Property.
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Covered Real Property shall have the meaning provided in Section 8.13.
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Covered Real Property shall have the meaning given to such term in Section 12.02(a).
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Related to Covered Real Property

  • Leased Real Property has the meaning set forth in Section 3.18(b).

  • Owned Real Property has the meaning set forth in Section 4.10(a).

  • Mortgaged Real Property means each of the parcels of real property set forth on Schedule 4 hereto, or interests therein, owned in fee by a Credit Party, together with each other parcel of Real Property that shall become subject to a Mortgage after the Closing Date, in each case together with all of such Credit Party’s right, title and interest in the improvements and buildings thereon and all appurtenances, easements or other rights belonging thereto.

  • Eligible Real Property means, as to any Borrower, Real Property owned by such Borrower in fee simple in each case which are acceptable to Agent in good faith based on the criteria set forth below. In general, Eligible Real Property shall not include: (i) Real Property which is not operated by a Borrower except as Agent may otherwise agree; (ii) Real Property subject to a security interest, lien, mortgage or other encumbrance in favor of any person other than Agent (and other than those permitted under Section 9.8(b), 9.8(c) or 9.8(d) hereof or are subject to an intercreditor agreement in form and substance satisfactory to Agent between the holder of such lien and Agent); (iii) Real Property that is not located in the continental United States of America; (iv) Real Property that is not subject to the valid and enforceable, first priority, perfected security interest, lien and mortgage of Agent; (v) Real Property where Agent determines that issues relating to compliance with Environmental Laws adversely affect such Real Property in such manner that such Real Property would not be acceptable for purposes of including it in the calculation of the Borrowing Base based on the customary practices, procedures and policies of Agent and its Affiliates; provided, that, if the Real Property is acceptable for such purposes in accordance with such practices, procedures and policies, subject to the satisfaction of the other conditions set forth herein and any requirements arising pursuant to such practices, procedures and policies, such Real Property will be considered Eligible Real Property but subject to the right of Agent to establish Reserves to reflect the adverse affect of any environmental conditions or events with respect thereto on its value or the ability of Agent to sell or otherwise realize on such Collateral; (vi) Real Property improved with residential housing; (vii) Real Property that is not subject to a then current final written appraisal by an appraiser reasonably acceptable to Agent (which shall be one of the appraisers selected by Agent from its list of approved appraisers), on which Agent and Lenders are expressly permitted to rely, and that is in form, scope and methodology reasonably satisfactory to Agent; (viii) if requested by Agent, Real Property for which Agent shall not have received a then current environmental audit conducted by an independent environmental engineering firm reasonably acceptable to Agent (based on Agent’s list of approved firms and in form, scope, substance and methodology reasonably satisfactory to Agent, the results of which are satisfactory to Agent; (ix) if requested by Agent, Real Property for which Agent shall not have received, in form and substance reasonably satisfactory to Agent, a valid and effective title insurance policy (whether in the form of a pro form policy or a marked up title policy commitment) issued by a company and agent reasonably acceptable to Agent: (A) insuring the priority, amount and sufficiency of the Mortgage with respect to such Real Property, (B) insuring against matters that would be disclosed by surveys and (C) containing any legally available endorsements, assurances or affirmative coverage requested by Agent for protection of its interests; and (x) any Real Property other than the Baldwyn Real Property, except as Agent may otherwise agree. Any Real Property that is not Eligible Real Property shall nevertheless be part of the Collateral.

  • Company Leased Real Property has the meaning set forth in Section 3.14(b).

  • Owned Real Properties has the meaning set forth in Section 3.16(b).

  • Residential real property means real property improved by a one to four family dwelling used or occupied, or intended to be used or occupied, wholly or partly, as the home or residence of one or more persons, but shall not refer to (a) unimproved real property upon which such dwellings are to be constructed or (b) condominium units or cooperative apartments or (c) property on a homeowners’ association that is not owned in fee simple by the seller.

  • Real Properties means, at any time, a collective reference to each of the facilities and real properties owned, leased or operated by the Consolidated Parties at such time.

  • Material Real Property means any real property owned by any Loan Party with a fair market value in excess of $5,000,000.

  • Real Property means, collectively, all right, title and interest (including any leasehold estate) in and to any and all parcels of or interests in real property owned in fee or leased by any Loan Party, whether by lease, license, or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, incidental to the ownership, lease or operation thereof.

  • Company Real Property means the Company Owned Real Property and the Company Leased Real Property.

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

  • Rental Property means a hotel room, vacation home, or other rental property You booked for Your stay during Your Trip.

  • Hotel Property for any hotel means the Real Property and the Personal Property for such hotel.

  • Leased Real Estate means all real property that the Company or any of its Subsidiaries leases, subleases or otherwise uses or occupies, or has the right to use or occupy, pursuant to a Lease.

  • Additional Property means, in respect of a Series, the rights and benefits provided in respect of the Series, or applicable Class, pursuant to any letter of credit, surety bond, cash collateral account, spread account, guaranteed rate agreement, maturity liquidity facility, tax protection agreement, interest rate and/or currency swap agreement, loan agreement, enhancement agreement or other similar arrangement as contemplated under the Pooling and Servicing Agreement and as provided for in the related Series Purchase Agreement.

  • Residential property means improved property that:-