Examples of Ground Lease Properties in a sentence
Mortgage Borrower has good, marketable and insurable (i) leasehold title to the Land and the Improvements relating to the Ground Lease Properties, and enjoys the quiet and peaceful possession of the Leasehold Estate related thereto, and (ii) fee simple title to the Land and the Improvements relating to the Fee Properties, in each case free and clear of all Liens whatsoever except the Permitted Encumbrances.
The Lessee takes the Special Facilities, Easements and Ground Lease Properties in their "as-is" condition.
The Lessee has full and exclusive responsibility for ascertaining the suitability of the Special Facilities, Easements and Ground Lease Properties for their intended use.
Lender shall have received a copy of a reasonably acceptable recognition agreement from all overlandlords with respect to Ground Lease Properties for which the Ground Lease is a sublease.
Contributor has in its possession an ALTA Form B (1970) Owner's Title Insurance Policy (or ground lessee's policy for the Ground Lease Properties) issued in the name of the applicable Property Owner with respect to each of the Individual Properties.