Examples of Deleted Properties in a sentence
In the event that this Lease is terminated as to one or more Deleted Properties (but not all of the Premises) pursuant to Section 17.2 or as to one or more Leased Properties (but not all of the Premises) in connection with a Casualty or Condemnation, the provisions of this Section 17.9 shall be applicable.
In addition to the prorations and credits contemplated by Section 6.3 below, (a) the Price shall be decreased by the aggregate amount of the Allocated Prices of any Deleted Properties, (b) the portion of the Price payable on the Closing Date shall be reduced by the Allocated Price of any Deferred Properties, and (c) the Price shall be decreased by the aggregate amount of any adjustments effected pursuant to Sections 2.5 and 2.6 below.
As of the applicable Property Removal Date, this Lease shall be automatically and ipso facto amended to: (i) delete and eliminate the Deleted Property(ies) herefrom; (ii) exclude the applicable Deleted Properties from the definition of Premises; (iii) reduce the Fixed Rent payable hereunder by the Allocated Rent applicable to all of the Deleted Properties; and (iv) SCHEDULE 2 attached hereto shall be revised to remove the Allocated Rent for all of the Deleted Property(ies).
If Contributor exercises its option pursuant to this Section 3L to delete one or more of the properties set forth in this Section 3L (each a "Contributor Deleted Property," and together the "Contributor Deleted Properties"), this Agreement shall, without further action of the parties, be deemed to have been automatically and ipso facto amended to eliminate each Contributor Deleted Property herefrom.
This excludes second homes, holiday homes but will include Exemptions E and Deleted Properties.
This subsection (ii) of Section 3G shall not apply to any Deleted Properties and shall apply to any Contributor Deleted Properties.
Notwithstanding the foregoing, no such amendment shall modify any indemnity or other obligation of a party regarding the Deleted Properties which expressly survives the deletion of the Property or Additional Property, or the termination of this Agreement.
The aggregate Allocated Loan Amount (defined below) for the Deleted Property, when taken together with the Allocated Loan Amounts for the Deleted Properties subject to all prior Substitutions, shall not exceed fifty percent (50%) of the total initial loan amount.
If Seller agrees to the Deleted Properties and Substituted Properties requested by Buyer as provided in (i) above, then the Purchase Price shall increase by the amount the aggregate allocated Purchase Price of the Substituted Properties exceeds the aggregate allocated Purchase Price of the Deleted Properties.
In the event that this Lease is terminated as to one or more Deleted Properties (but not all of the Premises) pursuant to SECTION 17.2 or as to one or more Leased Properties (but not all of the Premises) in connection with a Casualty or 47 Condemnation, the provisions of this SECTION 17.9 shall be applicable.