Michigan Real Property definition

Michigan Real Property means, collectively, the Real Property now owned or hereafter acquired by any Credit Party, and located in Michigan.
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Michigan Real Property means the Real Property owned by Parent located at 0000 Xxxxxxx Xxxx, Xxxxxx Xxxxx, XX 00000.
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Michigan Real Property means the real property owned by Gen123 and located in the City of Holland, County of Allegan, State of Michigan, having a tax identification parcel number of 53-02-03-100-029.
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Examples of Michigan Real Property in a sentence

  • Rather, for a prescriptive easement, “[t]he use must be exclusive, not in the sense that it is used only by the person claiming the prescriptive easement, but in the sense that it does not depend upon a like right by others[,]” Cameron, Michigan Real Property Law, Section 6.11, citing Outhwaite v Foot, 240 Mich 327; 215 NW 331 (1927).

  • Each Loan Party shall maintain, preserve, protect and keep in good condition and working order all of its material properties and equipment, including (as applicable) the Equipment, the Florida Real Property and the Michigan Real Property, ordinary wear and tear excepted and (b) make all necessary repairs thereto in accordance with sound industry practice.

  • He is a regular contributing au- thor for the Michigan Probate and Estate Plan- ning Journal, Michigan Real Property Review, and the American Bar Association’s Probate and Property.

  • Cameron, Jr., Michigan Real Property Law, Principles and Commentary, Third Edition, §2.15 (2005) (“Royalty clauses generally provide that the lessee will either deliver a percentage of the oil produced to the lessor’s credit, free of cost, into tank reservoirs or into the pipeline to which the lessee may connect wells on the leasehold or pay the lessor a percentage of proceeds of production.

  • Most relevant to this case, the RJA affirms circuit court jurisdiction over quiet-title claims brought to determine “any right in, title to, equitable title to, interest in, or right to possession of land.” MCL 600.2932(1); see also 2 Cameron, Michigan Real Property Law (3d ed), § 30.23, p 1795.

  • Except as set forth on Schedule 4.4(c) of the Disclosure Schedules, no Inventory of the Business has been relocated from the Florida Owned Real Property or the Leased Real Property to the Michigan Real Property since July 29, 2017.

  • Harvey v Crane, 85 Mich 316, 322; 48 NW 582 (1891); 1 Cameron, Michigan Real Property Law (2d ed), § 6.24, p 215; 1 Restatement Property (Servitudes), 3d,§ 4.13(1), p 631.1 The owner of the property cannot take steps that unreasonably interfere with the beneficiary’s enjoyment of the easement.

  • As such, “a subsequent purchaser in good faith and for valuable consideration, or what is known as a bona fide purchaser for value, is a person who purchases or acquires some interest in real estate for valuable consideration in good faith, without notice that some third party claims a right to or an interest in it.” 1 Cameron, Michigan Real Property Law (3rd Ed) § 11.20, p.

  • Each Loan Party shall maintain, preserve, protect and keep in good condition and working order all of its material properties and equipment, including (as applicable) the Equipment, the Aircraft (including, for the avoidance of doubt, ensuring that the Aircraft maintains its warranty under the applicable Rolls-Royce engine program), the Florida Real Property and the Michigan Real Property, ordinary wear and tear excepted and (b) make all necessary repairs thereto in accordance with sound industry practice.

  • Upon the satisfaction of each of the Michigan Real Property Eligibility Conditions (a) Schedule R-1 to the Credit Agreement shall be deemed to include the Michigan Real Property and the Michigan Real Property shall constitute Real Property Collateral under the Credit Agreement and (b) Schedule E-2 to the Credit Agreement shall be deemed to include the Michigan Real Property.


More Definitions of Michigan Real Property

Michigan Real Property means the Borrowers’ owned real property located in Kentwood, Michigan.
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Michigan Real Property. Collectively, certain real property lying and being situate in Lapeer County, Michigan, Saginaw County, Michigan, and Tuscola County, Michigan owned by Saginaw, and, real property lying and being situate in Saginaw County, Michigan, Tuscola County, Michigan, Huron County, Michigan and Sanilac County, Michigan
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Michigan Real Property means the Real Property owned by Voxx Automotive Corp. located at 2365 Pontiac Road, Auburn Hills, MI 48326.
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Michigan Real Property. Collectively, certain real property lying and being situate in Lapeer County, Michigan, Saginaw County, Michigan, and Tuscola County, Michigan owned by Saginaw, and, real property lying and being situate in Saginaw County, Michigan, Tuscola County, Michigan, Huron County, Michigan and Sanilac County, Michigan owned by Huron, more particularly described on Composite Exhibit "F" appended hereto and made a part hereof. 12. Subparagraph (ccc) of Section 1.2 of the Loan Agreement is hereby amended and restated so that, from and after the date hereof, it shall read in its entirety as follows:
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Related to Michigan Real Property

  • 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.

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

  • Real Property means, collectively, all right, title and interest (including any leasehold, mineral or other estate) in and to any and all parcels of or interests in real property owned or leased by any Person, whether by lease, license or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles and contract rights and other property and rights incidental to the ownership, lease or operation thereof.

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Original Closing Date pursuant to Section 5.11(d) or pursuant to Section 5.11(d) of the Original Credit Agreement or the Prior Credit Agreement.

  • 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.

  • Real Property Interests means all interests in real property of whatever nature, including easements, whether as owner or holder of a Security Interest, lessor, sublessor, lessee, sublessee or otherwise.

  • Material Real Property means any fee owned Real Property located in the United States that is owned by any Loan Party with a fair market value in excess of $10,000,000 (at the Closing Date or, with respect to Real Property acquired after the Closing Date, at the time of acquisition, in each case, as reasonably estimated by the Borrower in good faith).

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

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

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

  • 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 Laws has the meaning set forth in Section 4(l) below.

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

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

  • Hotel Property means a Property on which there is located an operating hotel.

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

  • Agricultural property means a property that is used primarily for agricultural purposes but, without derogating from section 9 of the Municipal Property Rates Act, (Act 6 of 2004), excludes any portion thereof that is used commercially for the hospitality of guests and excludes the use of the property for the purpose of eco-tourism or for the trading in or hunting of game;

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

  • Transferred Real Property means (a) the Transferred Owned Real Property and (b) the premises that is subject to the Transferred Real Property Leases.

  • Eligible Real Property means, as to any Borrower, Real Property owned by such Borrower in fee simple in each case which are acceptable to Agent in good faith based on the criteria set forth below. In general, Eligible Real Property shall not include: (i) Real Property which is not operated by a Borrower except as Agent may otherwise agree; (ii) Real Property subject to a security interest, lien, mortgage or other encumbrance in favor of any person other than Agent (and other than those permitted under Section 9.8(b), 9.8(c) or 9.8(d) hereof or are subject to an intercreditor agreement in form and substance satisfactory to Agent between the holder of such lien and Agent); (iii) Real Property that is not located in the continental United States of America; (iv) Real Property that is not subject to the valid and enforceable, first priority, perfected security interest, lien and mortgage of Agent; (v) Real Property where Agent determines that issues relating to compliance with Environmental Laws adversely affect such Real Property in such manner that such Real Property would not be acceptable for purposes of including it in the calculation of the Borrowing Base based on the customary practices, procedures and policies of Agent and its Affiliates; provided, that, if the Real Property is acceptable for such purposes in accordance with such practices, procedures and policies, subject to the satisfaction of the other conditions set forth herein and any requirements arising pursuant to such practices, procedures and policies, such Real Property will be considered Eligible Real Property but subject to the right of Agent to establish Reserves to reflect the adverse affect of any environmental conditions or events with respect thereto on its value or the ability of Agent to sell or otherwise realize on such Collateral; (vi) Real Property improved with residential housing; (vii) Real Property that is not subject to a then current final written appraisal by an appraiser reasonably acceptable to Agent (which shall be one of the appraisers selected by Agent from its list of approved appraisers), on which Agent and Lenders are expressly permitted to rely, and that is in form, scope and methodology reasonably satisfactory to Agent; (viii) if requested by Agent, Real Property for which Agent shall not have received a then current environmental audit conducted by an independent environmental engineering firm reasonably acceptable to Agent (based on Agent’s list of approved firms and in form, scope, substance and methodology reasonably satisfactory to Agent, the results of which are satisfactory to Agent; (ix) if requested by Agent, Real Property for which Agent shall not have received, in form and substance reasonably satisfactory to Agent, a valid and effective title insurance policy (whether in the form of a pro form policy or a marked up title policy commitment) issued by a company and agent reasonably acceptable to Agent: (A) insuring the priority, amount and sufficiency of the Mortgage with respect to such Real Property, (B) insuring against matters that would be disclosed by surveys and (C) containing any legally available endorsements, assurances or affirmative coverage requested by Agent for protection of its interests; and (x) any Real Property other than the Baldwyn Real Property, except as Agent may otherwise agree. Any Real Property that is not Eligible Real Property shall nevertheless be part of the Collateral.

  • Residential property means improved property that:-

  • College property means any property owned, leased, or controlled by a member college of the Virginia Community College System and the administrative office of the Virginia Community College System.

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

  • Material Real Estate Asset means (i) any fee-owned Real Estate Asset having a fair market value in excess of $2,500,000 as of the date of the acquisition thereof or (ii) any Real Estate Asset that the Required Lenders have determined is material to the business, general affairs, assets, liabilities, operations, management, condition (financial or otherwise), stockholders’ equity, results of operations or value of any Loan Party or any Subsidiary thereof, including the Borrower.

  • Timberlands means, as of any date of determination, all real property owned by or leased to the Borrower or any Subsidiary that is suitable for Timber production, natural resource development or real estate development. For the avoidance of doubt, “Timberlands” shall exclude property, plant and equipment of the Borrower and its Subsidiaries associated with their manufacturing activities.

  • Material Properties means (a) those Mortgaged Properties designated on Schedule 3.12 as Material Properties and (b) each other Mortgaged Property with respect to which a Mortgage is granted pursuant to Section 5.11 after the Restatement Effective Date.