Option Property definition

Option Property has the meaning set forth in Section 12(iv).

Option Property. As defined in Section 11(a).

Option Property has the meaning set forth in Section 3.8.7.

Examples of Option Property in a sentence

• At any one time and from time to time, Mezzanine Borrower may cause Mortgage Borrower to allow Individual Properties (other than the Distribution Centers) to Go Dark provided that (i) the aggregate Allocated Loan Amount for all Individual Properties that Go Dark at any one time (excluding any Go Dark Purchase Option Properties) shall not exceed the Go Dark Limit and (ii) in no event may Mezzanine Borrower allow the Mortgage Borrower to allow any Go Dark Purchase Option Property to Go Dark.

• The fair market value of Option Property that is listed or traded on an exchange or the prices for which are available on a quotation system shall be the last sale price for such Option Property on such exchange or quotation system.

• In the event that the Option Property is not sold to a third party within 180 days of notice to Tenant of the intent to sell or the notice is for less than the entire Premises, then the option to purchase set forth herein shall remain in full force and effect for that portion of the Premises which is not sold and Owner shall give notice as required herein of any subsequent intent to sell.

• Tenant further agrees and acknowledges that Tenant has leased and occupied the Option Property prior to the Closing, by reason of such tenancy, possession and occupancy, Tenant is fully aware of the condition of the Option Property.

• Termination of this Agreement pursuant to Section 4.2.A above shall in no manner release or discharge Network Member from any professional or legal obligation to continue to provide or arrange for the provision of Covered Services to Subscribers up to the effective date of termination.

More Definitions of Option Property

Option Property is defined in Section 29.2.

Option Property means all of Lessor’s right, title and interest in the Leased Properties, excluding the following items:

Option Property means a real property (other than an Option Underlying Property) described on Schedule 3 hereto.

Option Property means the 10.27± acres described as Parcel E in Exhibit D. “Property” shall mean those lands within the City of Naples in Collier County, Florida

Option Property means approximately square feet of unimproved real property as more particularly described on Exhibit “A”, subject to easements, rights-of-way and any other encumbrances of record.]

Option Property means the 10.27± acres described as Parcel E in Exhibit D.

Option Property shall have the meaning specified in Recital D.