Encumbered Property definition

Encumbered Property or “Encumbered Properties” shall mean a Property or Properties encumbered by a security interest, mortgage or any other Lien upon or charge against or interest in the property to secure payment of a debt or performance of an obligation.
Encumbered Property has the meaning specified in Section 7.01.

Examples of Encumbered Property in a sentence

  • The authority granted by this decision to Encumber utility property does not include authority to dispose of Encumbered property that is necessary or useful in the provision of utility service to the public.

  • Therefore, SCE’s request is appropriate and is granted.The authority granted by this decision to Encumber utility property does not include authority to dispose of Encumbered property that is necessary or useful in the provision of utility service to the public.

  • Encumbered property contributed to a partnership is proportionately added to the basis of partners.

  • Encumbered property is difficult to develop.2. Council should expedite the approval of the University Infrastructure Master Plan.

  • Encumbered property resales were found in counties around Rappahannock and were used in the examination.


More Definitions of Encumbered Property

Encumbered Property means the real property (including all improvements, buildings, fixtures, building equipment and personal property thereon and all additions, alterations and replacements made at any time with respect to the foregoing) and all other collateral securing repayment of the debt comprised in a Mortgage Loan, or, in the case of any Mezzanine Loan, the Equity Interests and the real property related thereto.
Encumbered Property means, individually or collectively, as the context may require, each of the properties listed on Schedule A-2, including each of the Properties securing the Mortgage Loan or otherwise owned by the Mortgage Loan Property Owner, as modified from time to time to reflect any Transfer permitted pursuant to Section 2.2.
Encumbered Property means all property,
Encumbered Property means (but excluding any and all [Excluded Property]):
Encumbered Property has the meaning set forth in the Security Documents.
Encumbered Property means, collectively, the real property and related fixtures that comprise (a) the corporate headquarters of the Borrower located at 000 Xxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx and (b) the printing facility and real property of the Borrower located at 00-00 Xxxxxxxxxx Xxxxxxxxxx, Xxxxxxx Xxxxx, Xxx Xxxx 00000.