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Ground Lease Land definition

Ground Lease Land means a Land parcel in which a Ground Lease Seller owns a leasehold interest pursuant to a Ground Lease, together with such Ground Lease Seller’s Additional Interests that are appurtenant to such Land parcel.
Ground Lease Land means the real property described in Schedule 2.
Ground Lease Land means the land described in the Ground Lease.

Examples of Ground Lease Land in a sentence

  • The term "Gilroy Ground Lease" shall mean the ground leases of portions of the Land as more particularly described on Exhibit A (the "Gilroy Ground Lease Land") between the Gilroy Seller as ground lessee, and those parties identified therein as ground lessors (the "Gilroy Ground Lessor"), as such ground leases heretofore may have been or hereafter may be amended, restated or otherwise modified.

  • If the proceeds or awards have not been collected as of the Closing, then such proceeds or awards shall be assigned to Buyer, except to the extent needed to reimburse Seller for sums reasonably expended to collect such proceeds or awards or to repair or restore the Property and/or the Ground Lease Land, and Seller shall retain the rights to such proceeds and awards to such extent.

  • Fifteen Million Three Hundred Thirty Thousand and No/100ths Dollars ($15,330,000.00) of the Purchase Price (the “Fee Simple Purchase Price”) shall be allocated to the purchase of Seller’s right, title, interest, liabilities and obligations with respect to the Fee Simple Land, the portion of the Improvements and the Personal Property located thereon and any Leases and Contracts not associated with the Ground Lease Land.

  • This Agreement shall be recorded by the City, at its expense, in the Milwaukee County Register of Deeds Office against the Ground Lease Land.

  • Seller has received notice from GA DOT that acquisition of title to and easements over a portion of the Fee Simple Land and a portion of the Ground Lease Land are required in connection with the proposed widening of Fourteenth Street by GA DOT (the “Fourteenth Street Project”).

  • This contract modification includes 10 VAFO appraisals, 15 ULA appraisals and 6 Ground Lease (Land Only) appraisals.

  • City’s use of this easement (including access to the Water Main Easement Area and the City Water Main Facilities therein, and City’s operation, maintenance, repair, inspection and replacement of those facilities) shall not interfere with the use of the Access Roads or the Ground Lease Land by the State, Brewers, District, or their respective invitees and permittees during Event Periods, as that term is defined in the Amended REO.

  • The State, District, and Brewers hereby grant unto City, and City hereby accepts, an easement for the already-existing water utility facilities located within those portions of the Ground Lease Land more particularly described on Exhibit B and depicted on Exhibit A (“Water Main Easement Area”).

  • A condemnation shall be deemed material if any portion of any net rentable area of the Property or any parking on the Property and/or the Ground Lease Land is taken, or the existing access to the Property and/or the Ground Lease Land is materially and adversely affected.

  • Seller has not filed, and has not retained anyone to file, notices of protest, or to commence actions to review real property tax assessments, against the Unit or the Ground Lease Land.


More Definitions of Ground Lease Land

Ground Lease Land has the meaning set forth in Section 1.2.1.

Related to Ground Lease Land

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Ground Leases Those certain leases with respect to real property that is a portion of the Leased Property, pursuant to which Landlord is a tenant and which leases have either been approved by Tenant or are in existence as of the date hereof and listed on Schedule A hereto.

  • Leased Land means land which is the subject of a lease granted under section 60 or 93G; S. 3 def. of "lessee" amended by No. 39/1997 s. 4(2)(b).

  • Operating Lease means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any Property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.

  • Real Property Lease has the meaning set forth in Section 3.9(b).

  • Real Estate Leases has the meaning set forth in Section 2.1(d)(ii).

  • Financeable Ground Lease means, a ground lease reasonably satisfactory to the Administrative Agent on behalf of the Lenders, which must provide customary protections for a potential leasehold mortgagee (“Mortgagee”) such as (i) a remaining term, including any optional extension terms exercisable unilaterally by the tenant, of no less than 25 years, (ii) a provision that the ground lease will not be terminated until the Mortgagee has received notice of a default, has had a reasonable opportunity to cure and has failed to do so, (iii) provision for a new lease to the Mortgagee as tenant on the same terms if the ground lease is terminated for any reason, (iv) transferability of the tenant’s interest under the ground lease by the Mortgagee without any requirement for consent of the ground lessor unless based on delivery of customary assignment and assumption agreements from the transferor and transferee, (v) the ability of the tenant to mortgage tenant’s interest under the ground lease without any requirement for consent of the ground lessor and (vi) provisions that the tenant under the ground lease (or the leasehold mortgagee) has customary protections with respect to the application of insurance proceeds or condemnation awards attributable to the tenant’s interest under the ground lease and related improvements.

  • 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.

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • Operating Leases means all real or personal property leases under which any Company is bound or obligated as a lessee or sublessee and which, under GAAP, are not required to be capitalized on a balance sheet of such Company; provided that Operating Leases shall not include any such lease under which any Company is also bound as the lessor or sublessor.

  • Material Leasehold Property means a Leasehold Property reasonably determined by Administrative Agent to be of material value as Collateral or of material importance to the operations of Company or any of its Subsidiaries.

  • Company Leased Real Property has the meaning set forth in Section 3.14(b).

  • Tenant Leases means leases, subleases, licenses or other use agreements between Seller and tenants with respect to Real Property, if any.

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Leasehold Property means any leasehold interest of any Credit Party as lessee under any lease of real property.

  • Co-op Lease With respect to a Co-op Loan, the lease with respect to a dwelling unit occupied by the Mortgagor and relating to the stock allocated to the related dwelling unit.

  • Space Leases means any and all leases, subleases, lettings, licenses, concessions, operating agreements, management agreements, and all other agreements affecting the Trust Estate that Trustor has entered into, taken by assignment, taken subject to, or assumed, or has otherwise become bound by, now or in the future, that give any person the right to conduct its business on, or otherwise use, operate or occupy, all or any portion of the Site or Improvements and any leases, agreements or arrangements permitting anyone to enter upon or use any of the Trust Estate to extract or remove natural resources of any kind, together with all amendments, extensions, and renewals of the foregoing entered into in compliance with this Deed of Trust, together with all rental, occupancy, service, maintenance or any other similar agreements pertaining to use or occupation of, or the rendering of services at the Site, the Improvements or any part thereof.

  • Leasehold interest means the interest of the lessor or the lessee under a lease contract.

  • adjacent land means all land that borders a property and all land that would have bordered a property, if they were not separated by a river, road, railway line, power transmission line, pipeline, or a similar feature;

  • Leased Properties have the meaning set forth in Section 3.16 herein.

  • Base Lease means the Base Lease Agreement delivered concurrently with this Lease between the Company and the Issuer.

  • 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.

  • Property Lease means any Depot Lease, any lease in respect of a Managed Station Area, any lease in respect of Shared Facilities or any Station Lease and any agreement or lease of a similar or equivalent nature (whether in respect of any such facility or otherwise) which the Franchisee may enter into with a person who has an interest in a network or a railway facility which is to be used for or in connection with the provision or operation of the Franchise Services;

  • Material Leased Real Property has the meaning set forth in Section 2.14.

  • Recorded Leasehold Interest means a Leasehold Property with respect to which a Record Document has been recorded in all places necessary or desirable, in Collateral Agent’s reasonable judgment, to give constructive notice of such Leasehold Property to third-party purchasers and encumbrancers of the affected real property.

  • Leased Real Property has the meaning set forth in Section 3.18(b).