Portfolio Properties definition

Portfolio Properties has the meaning set forth in Section 3.20.

Portfolio Properties means, as of any date, the Hotels subject to the Pooling Agreement together with the other properties whose Gross Revenues, Working Capital and Reserves are as of such date pooled with the Gross Revenues, Working Capital and Reserves of the Hotels under the Pooling Agreement.

Portfolio Properties means all properties acquired by Landlord pursuant to the Purchase Agreement.

Examples of Portfolio Properties in a sentence

• In connection with the construction on or operation and use of the Portfolio Properties, the Company represents that, as of the Closing Date, the Company has no knowledge of any material failure to comply with all applicable local, state and federal environmental laws, regulations, ordinances and binding administrative and judicial orders relating to the generation, storage, handling, transport and disposal of any Hazardous Materials (“Environmental Laws”) that would have a Material Adverse Effect.

• Each of the Portfolio Properties complies with all applicable codes, laws and regulations (including, without limitation, building and zoning codes, laws and regulations and laws relating to access to the Portfolio Properties), except for such failures to comply that would not in the aggregate have a Material Adverse Effect.

• Borrower shall maintain in good repair, working order and condition, excepting ordinary wear and tear, all of the Portfolio Properties and will make or cause to be made all appropriate repairs, renewals and replacements thereof.

• Borrower will transact business solely in its own name or in the commonly known name of one of the Portfolio Properties.

• The Operating Partnership has no knowledge of any pending or threatened condemnation proceeding, zoning change, or other proceeding or action that will in any manner affect the size of, use of, improvements on, construction on or access to, the Portfolio Properties, except such proceedings or actions that would not have a Material Adverse Effect.

More Definitions of Portfolio Properties

Portfolio Properties means real property improved with one or more completed buildings in which more than a fifty percent (50%) interest is owned, directly or indirectly, by Borrower or any Subsidiary of Borrower, including the Unencumbered Properties and the Properties listed on Schedule 1.1, as such schedule may be updated from time to time to reflect the acquisition or disposition of Portfolio Properties. Schedule 1.1 also indicates which of the Portfolio Properties are currently classified as Premium Centers and which are currently classified as Other Retail Centers or Other Properties.

Portfolio Properties means real property improved with one or more completed buildings that is owned directly or indirectly, in whole or in part, by Borrower, any Subsidiary of Borrower or any Partnership, including the Unencumbered Properties and the Properties listed on SCHEDULE 1.1, as such schedule may be updated from time to time to reflect the acquisition or disposition of Portfolio Properties. Portfolio Properties do not include the Simon Properties.

Portfolio Properties shall have the meanings set forth in the Recitals.

Portfolio Properties means collectively, each Demised Property together with each “Demised Property” as defined in the Other Lease.

Portfolio Properties means the portfolio properties, including, without limitation, shopping centers, residential properties, office buildings and business centers (including, without limitation, centers owned through unconsolidated joint ventures and other than are otherwise consolidated by Issuer) and undeveloped land described in the Registration Statement and Prospectus as being owned by Issuer or its subsidiaries.

Portfolio Properties means all of the 17 multifamily properties constituting the Heritage Portfolio and described on Exhibit C to the Securities Purchase Agreement, which are being purchased by the Property Partnerships, whether directly or indirectly, in the Heritage Transaction.

Portfolio Properties means each Demised Property together with each “Demised Property” as defined in the Other Leases.