Prior Owned Property definition

Prior Owned Property means those certain parcels of property known as Parcel F-3 and Parcel GL-4, which were previously owned by Borrower in either fee or leasehold but which are not now owned and shall not after the Closing Date be owned by Borrower, and any interests and obligations related thereto.
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Prior Owned Property means the real estate previously owned by WHLR-Nashville Commons, LLC, WHLR-Pierpont Center, LLC, and WHLR-Riverbridge Shopping Center, LLC, as applicable, which real estate is no longer owned by such Individual Borrower as of the closing of the Loan.
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Prior Owned Property means the real estate previously owned by WHLR-Nashville Commons, LLC, WHLR-Xxxxxxxx Center, LLC, and WHLR-Riverbridge Shopping Center, LLC, as applicable, which real estate is no longer owned by such Individual Borrower as of the closing of the Loan.
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Examples of Prior Owned Property in a sentence

  • New Borrower represents and warrants to Lender that it does not as of the Effective Date, and has not previously, owned the Prior Owned Property or any other real property.

  • The term "Prior Owned Property" and all references thereto in the Loan Agreement are hereby deleted.

  • Borrower and Guarantor do not have any actual or contingent liabilities pertaining to the Prior Owned Property.


More Definitions of Prior Owned Property

Prior Owned Property means, individually and collectively, those certain parcels of real property having the Property ID Numbers/APNs of C-26-34-28-A00-0120-0000 and C-26-3428-040-0010.0, which were previously owned by Borrower.
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Prior Owned Property and all references thereto in the Loan Agreement are hereby deleted.
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Related to Prior Owned Property

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

  • Owned Properties has the meaning set forth in Section 3.16.

  • Company Owned Real Property shall have the meaning set forth in Section 3.12(a).

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

  • Assigned Property means real and related personal property which, in the discretion of the Administrator or his designee, has been made available to the Department for transfer for public health purposes.

  • Owned Real Properties has the meaning set forth in Section 3.16(b).

  • Transferred Property shall have the meaning specified in Section 2.1(a) hereof.

  • Transferred Real Property shall have the meaning set forth in Section 1.2(a)(vii).

  • Existing Property means all property against which ad valorem property taxes were levied by a local unit for its concluding fiscal year, minus all property that is considered losses for purposes of ad valorem property tax levies of the local unit for the ensuing fiscal year.

  • Permitted Real Property Encumbrances means (i) those liens, encumbrances and other matters affecting title to any Mortgaged Property listed in the applicable title policy in respect thereof (or any update thereto) and found, on the date of delivery of such title policy to the Administrative Agent in accordance with the terms hereof, reasonably acceptable by the Administrative Agent, (ii) as to any particular real property at any time, such easements, encroachments, covenants, restrictions, rights of way, minor defects, irregularities or encumbrances on title which do not, in the reasonable opinion of the Administrative Agent, materially impair such real property for the purpose for which it is held by the mortgagor or owner, as the case may be, thereof, or the Lien held by the Administrative Agent, (iii) municipal and zoning laws, regulations, codes and ordinances, which are not violated in any material respect by the existing improvements and the present use made by the mortgagor or owner, as the case may be, of such real property, (iv) general real estate taxes and assessments not yet delinquent, and (v) such other items as the Administrative Agent may consent to.

  • Separate property means all rights and interests in property of any kind, including contingent interests, owned by each party on the effective date of this agreement. The term "Separate Property", as used in this agreement, is further defined below.

  • Excluded Personal Property has the meaning set forth in Section 2.2(c).

  • Released Property shall have the meaning set forth in Section 2.9 hereof.

  • Real Property means any estates or interests in real property now owned or hereafter acquired by any Grantor and the improvements thereto.

  • Leasehold Property means any leasehold interest of any Loan Party as lessee under any lease of real property.

  • Excluded Property shall have the meaning set forth in the Security Agreement.

  • Company Leased Real Property shall have the meaning set forth in Section 3.15(b).

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.

  • Excluded Real Property means (a) any fee-owned real property with a purchase price (in the case of real property acquired after the Effective Date) or Fair Market Value (in the case of real property owned as of the Effective Date, with Fair Market Value determined as of the Effective Date) of less than $3,500,000 individually, (b) any real property that is subject to a Lien permitted by Sections 6.02(iv), (xix), (xxii), (xxiii), (xxviii) or (xxxi), (c) any real property with respect to which, in the reasonable judgment of the Term Administrative Agent (confirmed by notice to the Borrower) the cost (including as a result of adverse tax consequences) of providing a Mortgage shall be excessive in view of the benefits to be obtained by the Lenders, (d) any real property to the extent providing a mortgage on such real property would (i) be prohibited or limited by any applicable law, rule or regulation (but only so long as such prohibition or limitation is in effect), (ii) violate a contractual obligation to the owners of such real property (other than any such owners that are the Borrower or Affiliates of the Borrower) that is binding on or relating to such real property (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code) but only to the extent such contractual obligation was not incurred in anticipation of this provision or (iii) give any other party (other than the Borrower or a wholly-owned Restricted Subsidiary of the Borrower) to any contract, agreement, instrument or indenture governing such real property the right to terminate its obligations thereunder (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code or other applicable law) and (e) any Leasehold.

  • Abandoned property means personal property left by an owner who intentionally

  • Owned Real Estate means all land, together with all buildings, structures, fixtures, and improvements located thereon and all easements, rights of way, and appurtenances relating thereto, owned by the Company or any of its Subsidiaries.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Leased Personal Property shall have the meaning given such term in Section 2.1(e).

  • Release Property has the meaning set forth in Section 2.5.

  • Leased Properties have the meaning set forth in Section 3.16 herein.

  • Real Property Interests means all interests in Owned Real Property and Leased Real Property, including fee estates, leaseholds and subleaseholds, purchase options, easements, licenses, rights to access, and rights of way, and all buildings and other improvements thereon and appurtenant thereto, owned or held by Sellers that are used in the business or operations of the Stations, together with any additions, substitutions and replacements thereof and thereto between the date of this Agreement and the Closing Date, but excluding the Excluded Real Property Interests.