New Owned Real Property definition

New Owned Real Property means all Owned Real Property and related agreements acquired by a Securitization Entity following the Closing Date.
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New Owned Real Property means real property (including the land, buildings and fixtures) that is (i) acquired in fee after the Closing Date by a Securitization Entity or (ii) acquired in fee after the Closing Date by a Non-Securitization Entity and contributed to, or otherwise acquired by, a Securitization Entity pursuant to a contribution agreement in form and substance reasonably acceptable to the Trustee.
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New Owned Real Property means any real property owned by IHOP Real Estate and acquired after the Closing Date.
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Examples of New Owned Real Property in a sentence

  • Notwithstanding the foregoing, no Lien will be granted to the Trustee for the benefit of the Secured Parties on any New Owned Real Property until such time as the Mortgages are required to be delivered in accordance with the Indenture.

  • Upon the request of the applicable Guarantor, and at the direction of the Manager, the Trustee shall execute and deliver a release of mortgage to be held in escrow pending a closing of a sale of any Owned Real Property or New Owned Real Property; provided that if such closing shall not occur, such release of mortgage shall be returned by the escrow agent directly to the Trustee.

  • Neither the Trustee nor any agent on its behalf shall in any way be liable for any delays in the recordation of any Mortgage, for the rejection of a Mortgage by any recording office or for the failure of any Mortgage to create in favor of the Trustee, for the benefit of the Secured Parties, legal, valid and enforceable first priority Liens on, and security interests in, the Guarantors’ right, title and interest in and to each Owned Real Property and New Owned Real Property, and the Proceeds thereof.


More Definitions of New Owned Real Property

New Owned Real Property. “New Owned Real Property” means all Owned Real Property and related agreements acquired by a Securitization Entity following the Closing Date.
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Related to New Owned Real Property

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

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

  • 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.

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

  • 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).