Leasehold Real Property definition

Leasehold Real Property shall have the meaning specified in Section 4.2.
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Leasehold Real Property means all leasehold interests in real property hereafter held by Borrower or any Subsidiary, as lessee, wherever located, together with all rights of the lessee under the related lease.
Sample 1
Leasehold Real Property means the Leasehold Parcel, together with all Improvements, and all Additions to, and Proceeds of the foregoing.
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Examples of Leasehold Real Property in a sentence

  • On or before the Closing Date, Sellers shall remove all Excluded Assets from all Facilities and other Leasehold Real Property to be occupied by Buyer.

  • Sellers have made available to Buyer true, correct and complete copies of the leases and subleases (as amended to date), and other agreements for occupancy, including all amendments, extensions and modifications thereto as of the date of this Contract, with respect to each parcel of Leasehold Real Property.

  • Use of the Leasehold Real Property for the various purposes for which it is presently being used is permitted as of right under all Leases.

  • Neither Sellers, nor to Sellers’ Knowledge any other party to the Lease of Leasehold Real Property, is in breach or default, and, to Sellers’ knowledge, no event has occurred which, with notice or lapse of time, would constitute a breach or default or permit termination, modification or acceleration thereunder.

  • Each Lease of Leasehold Real Property is a legal, valid and binding obligation of Sellers and is in full force and effect.

  • All Leases of Leasehold Real Property with a Related Person of Sellers contain rent and other terms that represent “fair market rental terms”.

  • In addition, Buyer shall have the right to have the Leasehold Real Property and Tangible Personal Property inspected by Buyer Group, at Buyer’s sole cost and expense, for purposes of determining the physical condition and legal characteristics of the Leasehold Real Property and Tangible Personal Property.

  • Xxxxx Xxxxxxx Facsimile: +0 000 000 0000 Location of Tangible Property Province of Ontario Schedule 2 Leasehold Real Property Schedule 2 Leasehold Real Property PIN 65366-0199 (LT) Part Lot 6 Concession 1 Xxxxxx being all of Mining claim L 1115059 designated as Part 1, 6R7912, Black River-Xxxxxxxx.

  • Buyer shall, at Buyer's expense, promptly comply with the requirements of any and all such notices hereafter issued, including but not limited to the payment of any fines, interest or penalties which result from Buyer's violations relating to its use and operation of the Leasehold, Real Property or other Included Assets and shall indemnify, defend, exonerate and hold Seller harmless therefrom.

  • All parking areas and all buildings, structures, facilities and improvements located on the Leasehold Real Property and including, without limitation, all mechanical systems, fixtures and equipment; heating systems, fixtures and equipment; air conditioning systems, fixtures and equipment; plumbing systems, fixtures and equipment; electrical systems, fixtures and equipment; and ventilating systems, fixtures and equipment (collectively, the "Leasehold Improvements").


More Definitions of Leasehold Real Property

Leasehold Real Property shall be as defined in the Recitals.
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Related to Leasehold Real Property

  • Real Property means any estates or interests in real property now owned or hereafter acquired by any Grantor and the improvements thereto.

  • Real Properties means, at any time, a collective reference to each of the facilities and real properties owned, leased or operated by the Consolidated Parties at such time.

  • Company Leased Real Property shall have the meaning set forth in Section 3.15(b).

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

  • Owned Real Property has the meaning set forth in Section 4.10(a).

  • Owned Real Properties has the meaning set forth in Section 3.16(b).

  • Mortgaged Real Property means each of the parcels of real property set forth on Schedule 4 hereto, or interests therein, owned in fee by a Credit Party, together with each other parcel of Real Property that shall become subject to a Mortgage after the Closing Date, in each case together with all of such Credit Party’s right, title and interest in the improvements and buildings thereon and all appurtenances, easements or other rights belonging thereto.

  • Real Property Interests means all interests in Owned Real Property and Leased Real Property, including fee estates, leaseholds and subleaseholds, purchase options, easements, licenses, rights to access, and rights of way, and all buildings and other improvements thereon and appurtenant thereto, owned or held by Sellers that are used in the business or operations of the Stations, together with any additions, substitutions and replacements thereof and thereto between the date of this Agreement and the Closing Date, but excluding the Excluded Real Property Interests.

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

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

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

  • Leaseholds of any Person means all the right, title and interest of such Person as lessee or licensee in, to and under leases or licenses of land, improvements and/or fixtures.

  • Estate in Real Property A fee simple estate in a parcel of land.

  • Residential real property means real property improved by a one to four family dwelling used or occupied, or intended to be used or occupied, wholly or partly, as the home or residence of one or more persons, but shall not refer to (a) unimproved real property upon which such dwellings are to be constructed or (b) condominium units or cooperative apartments or (c) property on a homeowners’ association that is not owned in fee simple by the seller.

  • Transferred Real Property shall have the meaning set forth in Section 1.2(a)(vii).

  • Material Leased Real Property shall have the meaning set forth in Section 3.17(b).

  • Permitted Real Property Encumbrances means (i) those liens, encumbrances and other matters affecting title to any Mortgaged Property listed in the applicable title policy in respect thereof (or any update thereto) and found, on the date of delivery of such title policy to the Administrative Agent in accordance with the terms hereof, reasonably acceptable by the Administrative Agent, (ii) as to any particular real property at any time, such easements, encroachments, covenants, restrictions, rights of way, minor defects, irregularities or encumbrances on title which do not, in the reasonable opinion of the Administrative Agent, materially impair such real property for the purpose for which it is held by the mortgagor or owner, as the case may be, thereof, or the Lien held by the Administrative Agent, (iii) municipal and zoning laws, regulations, codes and ordinances, which are not violated in any material respect by the existing improvements and the present use made by the mortgagor or owner, as the case may be, of such real property, (iv) general real estate taxes and assessments not yet delinquent, and (v) such other items as the Administrative Agent may consent to.

  • 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.

  • Real Property Assets means, as of any time, the real property assets (including interests in participating mortgages in which the Borrower’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by the Borrower, EQR and the Consolidated Subsidiaries of either or both at such time.

  • Real Property Leases has the meaning set forth in Section 4.7(b).

  • Leasehold of any Person shall mean all of the right, title and interest of such Person as lessee or licensee in, to and under leases or licenses of land, improvements and/or fixtures.

  • Company Real Property means the Company Owned Real Property and the Company Leased Real Property.

  • Excluded Real Property means (a) any fee-owned real property with a purchase price (in the case of real property acquired after the Effective Date) or Fair Market Value (in the case of real property owned as of the Effective Date, with Fair Market Value determined as of the Effective Date) of less than $3,500,000 individually, (b) any real property that is subject to a Lien permitted by Sections 6.02(iv), (xix), (xxii), (xxiii), (xxviii) or (xxxi), (c) any real property with respect to which, in the reasonable judgment of the Term Administrative Agent (confirmed by notice to the Borrower) the cost (including as a result of adverse tax consequences) of providing a Mortgage shall be excessive in view of the benefits to be obtained by the Lenders, (d) any real property to the extent providing a mortgage on such real property would (i) be prohibited or limited by any applicable law, rule or regulation (but only so long as such prohibition or limitation is in effect), (ii) violate a contractual obligation to the owners of such real property (other than any such owners that are the Borrower or Affiliates of the Borrower) that is binding on or relating to such real property (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code) but only to the extent such contractual obligation was not incurred in anticipation of this provision or (iii) give any other party (other than the Borrower or a wholly-owned Restricted Subsidiary of the Borrower) to any contract, agreement, instrument or indenture governing such real property the right to terminate its obligations thereunder (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code or other applicable law) and (e) any Leasehold.

  • Material Real Property means any real property owned by any Loan Party with a fair market value in excess of $5,000,000.

  • Leasehold Interests means all of each Borrower’s right, title and interest in and to, and as lessee, of the premises identified on Schedule 4.19(A) hereto.

  • Rental Property means a hotel room, vacation home, or other rental property You booked for Your stay during Your Trip.