Individual Property definition

Individual Property means each parcel of real property, the Improvements thereon and all Personal Property owned by Mortgage Borrower and encumbered by a Mortgage, together with all rights pertaining to such Property and Improvements, as more particularly described in each Mortgage and referred to therein as the “Property”.

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Individual Property means, individually, any one of the properties identified on Schedule II and encumbered by the Mortgage in respect of such property and, with respect to each such property, the Improvements, all Fixtures, all Equipment, all FF&E and all personal property owned by Mortgage Borrower and encumbered by a Mortgage, together with all rights pertaining to such property and Improvements, as more particularly described in the Granting Clauses of each Mortgage and referred to therein as the “Property”.

Individual Property shall have the meaning set forth in the Loan Agreement (Mortgage).

Examples of Individual Property in a sentence

• The aggregate purchase price for the Property shall be Nine Hundred Forty-Seven Million and No/100 Dollars ($947,000,000.00) (the “Purchase Price”), which Purchase Price is the sum of the purchase price allocated to each Individual Property on Schedule A-1 attached hereto and Schedule A-2 attached hereto (each such allocated purchase price, the “Allocated Purchase Price”).

• If the sale of the Property is not consummated for any reason except a default by Buyer as provided in Section 12.2 or by Seller as provided in Section 12.3, subject to the provisions hereof relating to Individual Property Terminations (if applicable), the Deposit shall be returned to Buyer promptly, whereupon this Agreement shall terminate, and no Party shall have any further obligation to the other hereunder except for those obligations which expressly survive the termination of this Agreement.

• Buyer acknowledges and ▇▇▇▇▇▇ that, solely in the event that an Individual Property Termination occurs, the Master Lease may be modified by the execution of Severed Lease Documents.

• Buyer shall be deemed to have elected to proceed under Section 7.3(b)(ii) unless, within ten (10) Business Days from receipt of notice of such Material Casualty, Buyer provides Seller with written notice that Buyer elects to terminate this Agreement with respect to the affected Individual Property pursuant to Section 7.3(b)(i).

More Definitions of Individual Property

Individual Property means each parcel of real property set forth on Schedule VIII hereto, the Improvements thereon and all personal property owned by Borrower and encumbered by a Mortgage, together with all rights pertaining to such property and Improvements, as more particularly described in the granting clauses of the related Mortgage and referred to therein as the “Property”.

Individual Property means, with respect to each individual property described on Exhibit C attached hereto, “Property” as defined in the related Mortgage for such individual property.

Individual Property means each parcel of real property, the Improvements thereon and all personal property owned by Borrower and encumbered by a Security Instrument, together with all rights pertaining to such property and Improvements, as more particularly described in the granting clauses of each Security Instrument and referred to therein as the "Property"; a list of all Individual Properties on the date hereof appears on Schedule I attached hereto.

Individual Property and “Individual Properties” shall mean, from time to time, all real estate property owned or ground leased by any Consolidated CRT Entity or any Unconsolidated CRT Entity, together with all improvements, fixtures, equipment, and personalty relating to such property.

Individual Property means each parcel of real property, including any Release Property or Penn Traffic Release Property prior to its release or any Substitute Property or Penn Traffic Substitute Property upon substitution, the Improvements thereon and all Personal Property owned by Mortgage Borrower and encumbered by a Security Instrument, together with all rights pertaining to such Property and Improvements, as more particularly described in Article 1 of each Security Instrument and referred to therein as the “Property.”

Individual Property and “Individual Properties” shall mean, from time to time, all real estate property owned or ground leased by the Borrower or any Subsidiary Guarantor, together with all improvements, fixtures, equipment, and personalty relating to such property.

Individual Property as defined in the Mortgage Loan Agreement.