Property Files definition

Property Files shall have the meaning set forth in Paragraph 8(b) of this Agreement.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Property Files shall have the meaning set forth in Section 4.01 hereof.

Property Files means the following documents that are in Seller’s possession, and nothing else: Phase 1 environmental report, A.L.T.A. Survey, and Geotechnical Report.

Examples of Property Files in a sentence

Borrower will deliver to Lender all Property Files in an electronic format reasonably agreed by Lender and Borrower.
All Property Files will be maintained in an online data room established and controlled by the Administrative Agent, and the Administrative Agent shall provide all Lenders with access thereto.
All Property Files will be maintained in an online data room established and controlled by the Administrative Agent and the Administrative Agent shall provide all Lenders with access thereto.
Property Files shall not include any appraisals or other indications of the market value of the Property.
Within five (5) business days after the Opening of Escrow, Seller will make available to Buyer the Property Files (as defined in this Paragraph 8(b)) of Seller.
To the extent Seller currently possesses or controls the same, the “Property Files” are defined as the items set forth on Exhibit “I” attached hereto; provided, however, Seller shall not be obligated to update, prepare, or cause to be prepared any of the above-referenced items which may or may not be contained in the Property Files.
Borrowers also shall make available, and cause each other Borrower Party and Guarantor to make available, to Lender a knowledgeable financial or accounting officer for the purpose of answering questions respecting the Property Files and the Rental Property.
Borrowers are obligated to obtain the Property Files from Lender or its designee at Borrowers’ expense on the Repayment Date.
There are no Contracts for the Property which are, or will be, a binding obligation of Buyer or that could create a lien, leasehold or other possessory interest, security interest, or encumbrance in or against the Property or any part thereof after the Closing, and Seller will deliver to Buyer true, correct and complete copies and originals of all Contracts as part of the Property Files in accordance with this Agreement.
For all purposes of this Loan Agreement, the most recently delivered Asset Transmission, Diligence Agent Report, Exception Report or listing of Property Files shall control.

More Definitions of Property Files

Property Files shall have the meaning set forth in Paragraph 8(b) of this Agreement. “Purchase Price” shall mean the monetary consideration specified in Paragraph 3 of this Agreement. “Real Property” shall mean the certain real estate, located in the County and State, and further described on Exhibit “A” attached hereto. “Regulatory Agreements” shall have the meaning set forth in Paragraph 23(a) of this Agreement. “Rejected Exceptions” shall have the meaning set forth in Paragraph 8(a) of this Agreement. “Representatives” shall mean, with respect to any person or entity, the direct and indirect directors, principals, officers, partners, members, shareholders, agents, contractors, employees, lawyers, accountants, advisors, consultants, and other representatives of such person or entity, and its prospective lenders and investors. “Required Consents” shall mean the timely notice to, and/or the written consent or approval of, each governmental or regulatory body (including the Housing Authority), in each case pursuant to the requirements applicable thereto and in each case to the extent required for the consummation of the transactions contemplated by this Agreement and the exhibits attached hereto. 4 “Section 42 Memorandum” shall mean a Memorandum of Agreement in the form of Exhibit “G” attached hereto. “Seller's Title Notice” shall have the meaning set forth in Paragraph 8(a) of this Agreement. “Service Contracts” shall mean all service, equipment, supply, management, maintenance, utility, listing and other operating contracts relating to the Property. “SHF” shall mean SunAmerica Housing Fund 378, a Nevada limited partnership and SLP Housing III LLC, a Nevada limited liability company, the limited partners of Seller. “Special Warranty Deed” shall mean a deed in the form of Exhibit “B” attached hereto. “State” shall mean the State in which the Real Property is located. “Survey” shall mean the new or updated survey, if any, of the Real Property and Improvements obtained by Buyer. “Tax Credit Laws” shall have the meaning set forth in Paragraph 23(a) of this Agreement. “Tax Credits” shall have the meaning set forth in Paragraph 23(a) of this Agreement. “Tenant Deposits” shall mean the deposits, if any, made by Tenants (including any interest accrued and unpaid thereon for the benefit of Tenants) less the amount such deposits have been charged, offset or otherwise reduced by Seller as permitted under the Tenant Leases or under applicable law. “Tenant Leases” shall mean the agre...

Property Files means copies of various documents and files materially relating to the Property in the possession of Seller, provided that the Property Files will exclude the following to the extent the same are not so made available: (i) internal memoranda, correspondence or analyses prepared by or for Seller, its property managers and/or advisors, (ii) communications between or among any of Seller, its property managers and/or advisors and their attorneys, and (iii) appraisals, assessments or other valuations of the Property. The Property Files will include, without limitation, any of the following relating to the Property, if actually in Seller’s custody, possession, or control: (x) copies of any and all environmental reports and other documents relating to environmental conditions,