Partial Release Property definition

Partial Release Property has the meaning set forth in Section 2.17.
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Partial Release Property shall have the meaning set forth in Section 3.2 of this Agreement.
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Partial Release Property means each of the four (4) individual Properties listed on Schedule 5.
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Examples of Partial Release Property in a sentence

  • Borrower must provide no less than sixty (60) days prior written notice to Lender requesting a Partial Release, identifying the Partial Release Property and the date upon which it desires to have the Partial Release Property released (the “Partial Release Date”).

  • Xxxxxx Title: Associate Director SCHEDULE I (Individual Properties; First Disbursement Properties and Subsequent Disbursement Properties; Allocated Loan Proceeds; Partial Release Property (Section 3.2)) Individual Individual City State First Disbursement Allocated Loan Property No. Property Name Property/Subsequent Proceeds Disbursement Property/Partial Release Property ------------------ ------------------- ---------------- --------- ----------------------------- ---------------- A-1 000 X.

  • Minooka Minooka IL Second Disbursement Property / $24,170,000 APL Logistics Xxxxxxx Partial Release Property X-00 000 Xxxxxxxx Romeoville IL Third Disbursement Property $11,270,000 Court B-18 10320 Xxxxx Woodridge IL First Disbursement Property $10,410,000 Drive B-19 10441 Xxxxxxx Woodridge IL First Disbursement Property $6,240,000 B-20 000 Xxxxx Xxxxxxxxxxxxx XX Second Disbursement Property $9,620,000 Parkway B-21 000 X.

  • Upon a consummation of a Partial Release, the Partial Release Property shall no longer constitute a portion of the Property.

  • Minooka Minooka IL Second Disbursement Property / $24,170,000 APL Logistics Kellogg Partial Release Property X-00 000 Xxxxxxxx Romeoville IL Third Disbursement Property $11,270,000 Court B-18 10320 Xxxxx Woodridge IL First Disbursement Property $10,410,000 Drive B-19 10441 Xxxxxxx Woodridge IL First Disbursement Property $6,240,000 B-20 000 Xxxxx Xxxxxxxxxxxxx XX Second Disbursement Property $9,620,000 Parkway B-21 000 X.

  • Xxxxxx Xxxx City of CA Subsequent Disbursement $16,290,000 Industry Property A-4 0000 Xxxxxx Xxx Fontana CA Subsequent Disbursement $24,560,000 Property / Partial Release Property A-5 0000 Xxxxxxxx Xxx.

  • Xxxxxx Xxxx City of CA Subsequent Disbursement $16,290,000 Industry Property A-4 00000 Xxxx Xx. Xxxxxxx XX Subsequent Disbursement $24,560,000 Property / Partial Release Property A-5 0000 Xxxxxxxx Xxx.

  • With respect to that certain Individual Property identified on Schedule I as the Partial Release Property (the "Partial Release Property"), if the space tenant therein, Exel, Inc.

  • Following the first to occur of (1) the first Secondary Market Transaction of the Loan or (2) the second anniversary of the date hereof, Borrower shall have the right to obtain a partial release (“Partial Release”) of a Partial Release Property from the applicable Security Instrument, Assignment of Leases and Rents and related UCC financing statements upon satisfaction of the conditions to a Partial Release set forth in this Section 5.34.

  • Xxxxxx, Associate Director SCHEDULE 1 (Individual Properties; First Disbursement Properties and Subsequent Disbursement Properties; Allocated Loan Proceeds; Partial Release Property (Section 3.2)) Individual Individual City State First Disbursement Allocated Loan Property No. Property Name Property/Subsequent Proceeds Disbursement Property/Partial Release Property ---------------------------------------------------------------------------------------------------------------- A-1 000 X.


More Definitions of Partial Release Property

Partial Release Property means each Individual Property that is the subject of a Partial Release as set forth herein. “Partial Release Property Net Sale Proceeds” shall mean, in connection with the Partial Release of the Partial Release Property, the value of all consideration received by Borrower in connection with the sale of such Partial Release Property, including cash, notes, assumed indebtedness, deferred payments (contingent or otherwise), prepaid expenses and non-
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Partial Release Property means each Individual Property that is the subject of a Partial Release as set forth herein. “Partial Release Property Net Sale Proceeds” shall mean, in connection with the Partial Release of the Partial Release Property, the value of all consideration received by Borrower in connection with the sale of such Partial Release Property, including cash, notes, assumed indebtedness, deferred payments (contingent or otherwise), prepaid expenses and non- customary prorations in favor of Borrower, less the reasonable and actual costs and expenses of such sale reasonably approved by Xxxxxx, including broker’s commissions payable to a third party Person that is not an Affiliate of any Restricted Party which Person is reasonably acceptable to Lender under a marketing agreement reasonably acceptable to Lender, market rate sales and marketing expenses payable to Lender-approved third party sales and marketing service providers that are not Affiliates of any Restricted Party, legal fees and transfer, sales and recording taxes (but excluding income taxes attribute to such sale), all of which costs and expenses shall not exceed (a) four percent (4%) of the gross contract price with respect to any such sale where the gross contract price is equal to or greater than $10,000,000.00 other than the sale of the Individual Property known as Commerce Plaza at Hillcrest, (b) five percent (5%) of
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Related to Partial Release Property

  • Release Property shall have the meaning set forth in Section 2.6 hereof.

  • Residential rental property means property that is used solely as leased or rented property for residential purposes. If the property is a space rental mobile home park, residential rental property includes the rental space that is leased or rented by the owner of that rental space but does not include the mobile home or recreational vehicle that serves as the actual dwelling if the dwelling is owned and occupied by the tenant of the rental space and not by the owner of the rental space.

  • Leased Property shall have the meaning given such term in Section 2.1.

  • Released Property shall have the meaning set forth in Section 2.10 hereof.

  • 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.

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

  • the Property means the Property more particularly described in Condition 2 of the Conditions of Sale (as defined in 1.6 below);

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Environmental Release means any spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, dumping, disposing or migration into the environment.

  • Landlord Waiver means a letter in form and substance reasonably acceptable to the Administrative Agent and executed by a landlord in respect of Inventory of a Loan Party located at any leased premises of a Loan Party pursuant to which such landlord, among other things, waives or subordinates on terms and conditions reasonably acceptable to the Administrative Agent any Lien such landlord may have in respect of such Inventory.

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Loan Property means any property in which the applicable party (or a subsidiary of it) holds a security interest and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Lease Area means the Lease Area as more particularly described in SCHEDULE C.

  • Parcel 2 COMMON AREA APPURTENANT TO EACH COMMERCIAL UNIT APPURTENANT TO EACH COMMERCIAL UNIT, AN UNDIVIDED 1/185th FEE SIMPLE INTEREST IN AND TO THE PHASE ONE PROPERTY LESS AND EXCEPT THE UNITS SHOWN ON THE PHASE ONE PLAN, ALSO DESCRIBED AS THE PORTION OF THE “COMMON AREA” (AS THAT TERM IS DEFINED IN THE DECLARATION) LOCATED WITHIN THE PHASE ONE PROPERTY; TOGETHER WITH PARCEL 3: EXCLUSIVE USE COMMON AREAS AN EXCLUSIVE RIGHT FOR USE, POSSESSION AND ENJOYMENT APPURTENANT TO COMMERCIAL UNIT C4, FOR USE FOR BALCONY OR PATIO PURPOSES OVER PORTIONS OF THE COMMON AREA, DEPICTED AND ASSIGNED ON THE PHASE ONE PLAN AS “B-C4”. TOGETHER WITH PARCEL 4: NONEXCLUSIVE EASEMENTS NONEXCLUSIVE EASEMENTS ON, OVER, ACROSS AND THROUGH THE COMMON AREA FOR ACCESS, INGRESS, EGRESS, ENJOYMENT, DRAINAGE, ENCROACHMENT, SUPPORT, MAINTENANCE, INSPECTION, REPAIR AND FOR OTHER PURPOSES, AS MAY BE SHOWN ON THE PHASE ONE PLAN, AND AS DESCRIBED IN THE DECLARATION PARCEL E (COMPRISING XXXXXX 0, XXXXXX 0, XXXXXX 3, AND PARCEL 4 BELOW) PARCEL 1 COMMERCIAL UNIT C5, AS SHOWN AND DESCRIBED IN (A) THE CONDOMINIUM PLAN RECORDED ON SEPTEMBER 20, 2001 IN BOOK 2 OF CONDOMINIUM PLANS AT PAGE 36, IN THE OFFICIAL RECORDS OF MONO COUNTY, CALIFORNIA (THE “OFFICIAL RECORDS), AS AMENDED BY CORRECTION TO RECORDING REFERENCES RECORDED ON NOVEMBER 20, 2001 AS DOCUMENT NO. 2001008410 IN THE OFFICIAL RECORDS AND AMENDMENT TO CONDOMINIUM PLAN RECORDED IN BOOK 2 PAGES 39 THROUGH 39M OF CONDOMINIUM PLANS IN THE OFFICIAL RECORDS (COLLECTIVELY, THE “PHASE ONE PLAN”) AND (B) THE DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR THE VILLAGE AT MAMMOTH PHASE I (WHITE MOUNTAIN LODGE AND LINCOLN HOUSE) RECORDED AS DOCUMENT NO. 2001006657, IN THE OFFICIAL RECORDS AS AMENDED BY FIRST AMENDMENT RECORDED AS DOCUMENT NO. 2001008411 IN THE OFFICIAL RECORDS AND SECOND AMENDMENT RECORDED AS DOCUMENT NO. 2003001363 IN THE OFFICIAL RECORDS (COLLECTIVELY, THE “DECLARATION”) SAID UNIT BEING SITUATED WITHIN THAT PORTION OF THE CONDOMINIUM AIR SPACE ENVELOPE DESCRIBED BY THE PHASE ONE PLAN (THE “PHASE ONE PROPERTY”) AND LOCATED ON A PORTION OF LOT 1 OF TRACT 36-193a, PER MAP RECORDED IN BOOK 10, OF TRACT MAPS, AT PAGE 60, IN THE OFFICIAL RECORDS OF MONO COUNTY, CALIFORNIA; TOGETHER WITH

  • 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”.

  • Mixed-use property means an eligible property that includes three or more residential units and may also contain a commercial property component in the same building.

  • New property means (i) the assessed value, after final

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • domestic premises means any premises used wholly or partly as a dwelling or intended for such use;

  • Premises Building Partial Damage means if the Building of which the Premises are a part is damaged or destroyed to the extent that the cost to repair is less than fifty percent (50%) of the then Replacement Cost of the building.

  • Landlord Work means the work, if any, that Landlord is obligated to perform in the Premises pursuant to a separate agreement (the “Work Letter”), if any, attached to this Lease as Exhibit C.

  • the Land means the land on which the development would be carried out or, in relation to development already carried out, has been carried out;