Philadelphia Property definition

Philadelphia Property means the property located at 000 Xxxx Xxxxxx, Xxxxxxxxxxxx, XX 00000 and commonly known as Holiday Inn Philadelphia, Pennsylvania.
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Philadelphia Property shall have the meaning set forth in the Mortgage Loan Agreement.
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Philadelphia Property means the Individual Property identified as property number on Schedule I attached hereto.
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Examples of Philadelphia Property in a sentence

  • The Philadelphia Affiliate Ground Lessor is the sole legal and equitable fee owner of the Philadelphia Property, subject only to Permitted Liens.

  • Notwithstanding the foregoing, the parties acknowledge that they will not take such actions with the lenders for the Newport Property or the Philadelphia Property, until such time as Newport Beach or Mid-Wilshire exercises its rights under the Newport Put Agreement and the Philadelphia Put Agreement, respectively.

  • The SPE Deficiency Claim (which is estimated to be approximately $11,742,000) represents the aggregate amount of the SPE Claim ($18,233,000) minus the sum of (i) the amount paid to the SPE Group from the sale of SPE Providence Property ($3,491,000) and (ii) the estimated value of the SPE Philadelphia Property ($3,000,000).

  • If Buyer so elects pursuant to Section 5.17, the Philadelphia Property Disposition shall have been completed.

  • Until the earlier of (i) the expiration of the Philadelphia Put Agreement and (ii) in the event Mid-Wilshire exercise the Philadelphia Put Right, such time as ASOT or a Qualified Designee acquires the Philadelphia Property pursuant to the Philadelphia Put Agreement, the Philadelphia Property shall be managed by R&B.

  • In the event that the Philadelphia Property is acquired by ASOT in accordance with the Philadelphia Put Agreement, the Escrowed Units shall be released to the R&B Partners together with any distributions paid thereon concurrently with the closing of such acquisition.

  • The Parties hereby agree that Seller’s completing, on the Closing Date, all acts necessary to “sell” (within the meaning of 21 Pennsylvania Consolidated Statutes § 613) to Buyer the Philadelphia Property may make such sale “unlawful” under 21 Pennsylvania Consolidated Statutes § 613.

  • Accordingly, the Parties shall at Closing execute and deliver all of Seller’s Closing Documents, Buyer’s Closing Documents, and joint delivery documents (under Section 9(d) of the Original Purchase Agreement) concerning the Philadelphia Property into a so-called “New York-style” escrow closing with the escrow department of the Title Company.

  • Rather, Mid-Wilshire and ASOT will enter into the Philadelphia Put Agreement on the First Closing Date, pursuant to which Mid-Wilshire will have the right (but not the obligation) to contribute the Philadelphia Property to ASOT or a Qualified Designee in accordance with the terms of the Philadelphia Put Agreement.

  • The SPE Group has received property in the amount of $11.742 million in respect of the SPE Claims on account of the payments to the SPE Group from the sale of the SPE Providence Property and the transfer of title of SPE Philadelphia Property to the SPE Group.


More Definitions of Philadelphia Property

Philadelphia Property means the real property, fixtures and improvements thereon located at 0000 Xxxx Xxxxxx, Xxxxxxxxxxxx, Xxxxxxxxxxxx and operated as a Hampton Inn.
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Philadelphia Property is the real property described in Schedule 1.1I attached hereto, together with all appurtenances, Improvements located thereon, the Leases, Intangible Property, Permits and Personal Property applicable to such real property.
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Philadelphia Property means the property known as “Digital 000 Xxxxxxxx Xxxxxx” located at 000 Xxxxxxxx Xxxxxx (aka 000-000 Xxxxxxxx Xx.), Xxxxxxxxxxxx, Xxxxxxxxxxxx 00000.
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Philadelphia Property means the Philadelphia Property as shown on Schedule IX attached hereto and made a part hereof.
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Related to Philadelphia Property

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

  • Agricultural land means land primarily devoted to the

  • Commercial real estate means real estate or an interest in real estate that is not any of the following:

  • Real Estate-Related Assets means any investments by the Company or the Operating Partnership in Mortgages and Real Estate-Related Securities.

  • Association Property means that property, real and personal, which is owned or leased by, or is dedicated by a recorded plat to, the association for the use and benefit of its members.

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and related real estate activities, including the provision of mortgage financing or title insurance.

  • Residential real estate means any real property located in this state, upon which is constructed or intended to be constructed a dwelling;

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Partnership Property means any property, real, personal or mixed, or any interest therein or appurtenant thereto which may be owned or acquired by the Partnership.

  • Real Estate means all Leases and all land, together with the buildings, structures, parking areas, and other improvements thereon, now or hereafter owned by any Loan Party, including all easements, rights-of-way, and similar rights relating thereto and all leases, tenancies, and occupancies thereof.

  • Transit village means a community with a bus, train, light rail,

  • Timberland means land, other than land owned by the federal government and land designated by the board as experimental forest land, which is available for, and capable of, growing a crop of trees of a commercial species used to produce lumber and other forest products, including Christmas trees. Commercial species shall be determined by the board on a district basis.

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  • Center means the center for educational performance and information created in section 94a.

  • Historic building means a building, including its structural components, that is located in this state and that is either individually listed on the national register of historic places under 16 U.S.C. 470a, located in a registered historic district, and certified by the state historic preservation officer as being of historic significance to the district, or is individually listed as an historic landmark designated by a local government certified under 16 U.S.C. 470a(c).

  • residential land means land used or capable of being used for residential purposes (but does not include land on which there is no residential dwelling).

  • Shopping Center means the Shopping Center identified on the initial page hereof.

  • 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.