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.
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.
Leased Real Property has the meaning set forth in Section 3.18(b).
Rental Property means a hotel room, vacation home, or other rental property You booked for Your stay during Your Trip.
Company Leased Real Property has the meaning set forth in Section 3.14(b).
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.
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.
Owned Real Properties has the meaning set forth in Section 3.16(b).
Easement means an acquired legal right for the specific use of land owned by others.
Utility easement means a right held by a facility operator to install, maintain, and access an underground facility or pipeline.
Leasehold condominium means a condominium in which all or a portion of the real estate is subject to a lease the expiration or termination of which will terminate the condominium or reduce its size.
Parcel means an identifiable unit of land that is treated as separate for valuation or zoning purposes.
Real Property Lease has the meaning set forth in Section 3.9(b).
Mining Property means a property used for mining operations as defined in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);
Leasehold Property means any leasehold interest of any Loan Party as lessee under any lease of real property.
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.
Easements has the meaning set forth in Section 2.1.3.