CT Property definition

CT Property has the meaning assigned to such term in the definition of Permitted Indebtedness.
Sample 1Sample 2Sample 3
CT Property means the Real Property leased by Target and Operating Company pursuant to the Connecticut Lease.
Sample 1
CT Property means the Personal Property located on or relating to the CT Real Property or the Business being conducted at the CT Real Property as of the date hereof and the Closing Date, including but not limited to the property described on Schedule 2.1, but not including any of the Excluded Assets.
Sample 1

Examples of CT Property in a sentence

  • CT shall sell, convey, assign, transfer and deliver to Purchaser and Purchaser shall purchase, acquire and accept from CT, the CT Property, for the purchase price of $2,411,755.00.

  • Section 2.1. The purchase price for the Property shall be $88,665,568.00 (the “Purchase Price”), allocated as follows: Elgin Property: $35,324,230; University Park Property: $24,341,338; CT Property: $29,000,000.

  • It is agreed and understood by Buyer that, upon Seller’s receipt of the items identified herein that: (a) Seller shall neither have nor incur further obligations to Buyer to address any conditions or requirements arising from or related to former, current or future environmental conditions at, under, emanating from or having emanated from the CT Property; and (b) Buyer shall reimburse Seller for reasonable costs incurred by Seller relating to post-Closing conditions caused by Buyer.

  • For purposes of this Agreement, “Property Acquisition Price” shall mean $21,450,000 for the IL Property, $20,000,000 for the TX Property and $80,750,000 for the CT Property.

  • True and complete copies of the title insurance policies obtained by TX LLC in connection with its acquisition of the TX Property, IL LLC in connection with its acquisition of the IL Property and CT LLC in connection with its acquisition of the CT Property have been heretofore delivered to counsel to the special committee of the board of directors of GXXX.

  • Notwithstanding this obligation of Seller, Buyer agrees that Buyer, to the exclusion of Seller, shall have the sole obligation for any investigation and remediation costs, including reimbursement of Seller for such costs, arising as a result of Buyer’s use of the CT Property after the Closing.

  • For so long as Operating Company leases the CT Property, Buyer shall cause Operating Company to use commercially reasonable efforts to obtain from the owner of the CT Property any required signatures for any variance and/or use or activity restriction, including deed restrictions and ELURs, if such restriction is consistent with Operating Company’s intended use of the CT Property.

  • To the extent such forms require certification by a party agreeing to complete any necessary environmental investigation and remediation of the site (the “Certifying Party”), the parties will use reasonable efforts to obtain such certification from TransTechnology Corporation or Norco, Inc., the current owner of the CT Property.

  • For so long as Operating Company leases the CT Property, Buyer agrees that it will not use the CT Property for residential use.

  • As additional security, the NJ Loan and the CT Loan (collectively, the “NJ/CT Loan”), and the NY Loan, will each be secured by an agreement from each Borrower pledging and agreeing to pay to Lender all Excess Cash Flow (as defined below) generated by its Individual Property constituting NJ Property and the CT Property with respect to the NJ/CT Loan, and the NY Property with respect to the NY Loan.

Related to CT Property

  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • Joint Property means property that is owned by 2 or more persons with rights of survivorship, and includes a tenancy by the entireties in real property, a tenancy in personal property as provided in section 1 of 1927 PA 212, MCL 557.151, a joint tenancy, a joint tenancy with rights of survivorship, and a joint life estate with contingent remainder in fee. For purposes of this part, joint property is considered to consist of a present interest and a future interest. The future interest is the right of survivorship.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Replacement Property means any property which is placed in service as a replacement for any item of Equipment or any Improvement previously subject to this Fee Agreement regardless of whether such property serves the same functions as the property it is replacing and regardless of whether more than one piece of property replaces any item of Equipment or any Improvement to the fullest extent that the FILOT Act permits.

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.

  • Adjacent Property means all land adjoining and surrounding the Stadium Site on which will be located any public streets, sidewalks, plazas, or bridges and any public or private parking facilities or other accoutrements to be developed by Authority or other parties in connection with the Project.

  • Vacant Property means, individually, and “Vacant Properties” means, collectively, the Properties listed on Schedule XI attached hereto which are not leased to or occupied by any Tenant as of the Cut-Off Date.

  • DOCPROPERTY SWDocID" #4870-7680-5924v2" ""

  • Security Property means all right, title and interest in, to and under any Security Document, including:

  • the Property means the Property more particularly described in Condition 2 of the Conditions of Sale (as defined in 1.6 below);

  • Personal Property means any machinery, equipment, tools, vehicles, furniture, leasehold improvements, office equipment, plant, parts and other tangible personal property.

  • Subject Properties has the meaning specified in Section 5.13(a).

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Closing Date pursuant to Section 5.11(c).

  • Borrowing Base Property means Eligible Property and/or Commercial Land that the Administrative Agent has agreed to include in calculations of the Borrowing Base pursuant to Section 4.1. A Property shall be excluded from the determination of the Borrowing Base if at any time such Property shall cease to be an Eligible Property.

  • Personal Property Collateral means all Collateral other than Real Property.

  • Development Property means a Property currently under development for use as an office or industrial building that has not become a Stabilized Property, or on which the improvements (other than tenant improvements on unoccupied space) related to the development have not been completed, provided that such a Development Property on which all improvements (other than tenant improvements on unoccupied space) related to the development of such Property have been completed for at least twelve (12) months shall cease to constitute a Development Property notwithstanding the fact that such Property has not become a Stabilized Property.

  • Redevelopment Property means a property owned by the Company or a Consolidated Subsidiary (a) where the commenced leased square footage is less than 60% of the sum of net rentable square feet and redevelopment space, with reasonable adjustments to leased square footage determined in good faith by the Company, including adjustments for available power, required support space and common area and (b) that the Company reasonably characterizes as held in whole or in part for redevelopment.

  • Release Property shall have the meaning set forth in Section 2.6 hereof.

  • Collateral has the meaning set forth in Section 2.

  • Real Property Collateral means the parcel or parcels of Real Property identified on Schedule R-1 and any Real Property hereafter acquired by Borrower.

  • Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.

  • Real Property Assets means as to any Person as of any time, the real property assets (including, without limitation, interests in participating mortgages in which such Person’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by such Person at such time.

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.