Property Closing Date definition

Property Closing Date means the date on which the Lessor purchases a Property or, with respect to the first Advance, the date on which the Lessor seeks reimbursement for Property previously purchased by the Lessor.

Property Closing Date. (three (3) Business Days prior notice required for Advance)

Property Closing Date means the Initial Closing Date.

Examples of Property Closing Date in a sentence

• On each Property Closing Date, the Construction Agent shall cause each Property acquired by the Lessor on such date to be free and clear of all Liens except those referenced in Sections 6.2(r)(i) and 6.2(r)(ii).

• The Acquisition Loan will have a maturity date of 18 months from the Property Closing Date and will not bear any interest.

• On each Property Closing Date, on the date of any Construction Advance or any Completion Date, after delivery of the applicable Requisition and satisfaction of the other conditions precedent for such date, the Holders shall make a Holder Advance and the Lenders shall make Loans to the Lessor to pay for the Transaction Expenses, fees, expenses and other disbursements referenced in this Section 7.1(b).

• No Default or Event of Default will occur under any of the Operative Agreements as a result of, or after giving effect to, the Advance requested by the Requisition on such Property Closing Date.

• On the Property Closing Date, the Construction Agent or the Lessee shall cause the Property acquired by the Lessor to be free and clear of all Liens except those referenced in Section 6.1(cc)(i) and (ii).

More Definitions of Property Closing Date

Property Closing Date means the date on which the Property Closing occurs.

Property Closing Date means each date on which the Lessor purchases or leases (pursuant to Ground Lease) a Property.

Property Closing Date means the date of closing of the acquisition of Property–11 Commerce by Property Purchaser from CBH pursuant to the Property Purchase Agreement.

Property Closing Date means the Initial Closing Date. “Property Cost” shall mean (a) the aggregate amount of the Lessor Advances (in each case, as such amounts shall be increased pro rata according to the Lessor Advances advanced or extended from time to time including to pay for the Transaction Expenses and Uninsured Force Majeure Losses) and (b) respecting the various amounts described in the foregoing subsection (a), all the occurrences and items giving rise to all such amounts. “PTEs” shall have the meaning given to such term in Section 12.24(a) of the Participation Agreement. “Punchlist Advance” shall have the meaning given to such term in Section 5.11 of the Participation Agreement. “Punchlist Deadline” shall have the meaning given to such term in Section 5.11 of the Participation Agreement. “Purchase Agreement” shall mean the Agreement of Purchase and Sale and Joint Escrow Instructions dated as of October 4, 2017 by and between Xxxxxx Land Company and the Lessee, without regard to any amendment, modification, extension, supplement, restatement and/or replacement thereof subsequent to such date. “Purchase Money Security Interest” shall mean Liens upon real or tangible personal property securing loans to any Credit Party or Subsidiary of a Credit Party or deferred payments by such Credit Party or Subsidiary for the purchase of such real or tangible personal property. “Purchase Option” shall have the meaning given to such term in Section 20.1 of the Lease.

Property Closing Date. (three (3) Business Days prior notice required for Advance, except to the extent such Advance will be based solely on the ABR)

Property Closing Date means, with respect to any particular Acquired Property, the date and time as of which the conveyance of such Acquired Property to the appropriate Buyer hereunder actually takes place.

Property Closing Date means the Closing Date or the Additional Properties Closing Date, as applicable.