Exchange Properties definition
Examples of Exchange Properties in a sentence
Without limiting the generality of the foregoing, this Agreement shall not be affected by any change in the zoning or use of the Exchange Properties prior to completion.
At the Effective Time, (i) PSP11 will receive from escrow deeds for the PSI Exchange Properties and (ii) PSI will receive from escrow deeds for the PSP11 Exchange Properties.
PSP11 in its sole discretion shall be satisfied as to the status of title to (including the existence and effect of liens and encumbrances), and the results of an environmental audit of, each of the real properties owned by AOPP and each of the PSI Exchange Properties.
PSP11 agrees that it will not dispose of the PSI Exchange Properties for at least a period of two years after the Effective Time.
PSP11 and PSI acknowledge that the PSP11 Exchange Properties, and the PSI Exchange Properties, have the respective values set forth in Exhibits B and C hereto.