Included Real Estate definition

Included Real Estate means the Owned Real Estate (if the Purchaser has elected to purchase such Owned Real Estate) and the real estate which is the demised premises under each Designated 365 Real Estate Lease, Assumed and Subleased Real Estate Lease, Designated Non-365 Real Estate Lease, Non-365 Subleased Real Estate Leases, Company Lease or Direct Lease, collectively, or under Replacement Lease A and any Equivalent Lease (to the extent that the Seller is the tenant thereunder), if applicable.
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Examples of Included Real Estate in a sentence

  • The Sellers have made available to the Purchaser true, correct and complete copies of the Included Real Estate Leases, in each case as amended or otherwise modified and in effect.

  • If the Sellers enter into an Equivalent Lease or a Temporary Lease, such Equivalent Lease or Temporary Lease shall, following its execution, be deemed an Included Real Estate Lease for all purposes hereunder and shall be assigned to the Purchaser or a Designated Purchaser at Closing.

  • The Real Estate that is included in the Stations Assets includes the KMXK tower site, the WWJO tower site and a portion of the WJON site known as the "Headquarters Property" on which the broadcasting offices and studio of the Stations and WJON-AM tower and ground systems are located (said parcels are collectively referred to herein as the "Included Real Estate").

  • In the event the Buyer and the Sellers' Representatives are unable to agree on such an allocation, the Buyer and the Sellers shall retain a nationally recognized valuation or accounting firm, the fees and expenses of which shall be borne 50% by the Buyer and 50% by the Sellers, to perform such allocation based on its determination of the appropriate valuation of the Companies, the Included Entities and the Included Real Estate and the allocation of such firm shall be binding on the Sellers and the Buyer.

  • To the Knowledge of the Sellers, no landlord under an Included Real Estate Lease has notified a Seller, a Company or any of their Affiliates that it intends to terminate such Included Real Estate Lease prior to its scheduled expiration.

  • The Included Real Estate and the Excluded Real Estate constitute the Owned Real Estate.

  • Furthermore, if necessary at all post-Closing, the Seller shall cooperate with the Buyer and take all necessary actions (at the Seller’s own expense) to ensure that good, valid and clean title to all of the parcels referenced in the Included Real Estate shall vest in the Company’s name.