REA definition

REA means any construction, operation and reciprocal easement agreement or similar agreement (including any separate agreement or other agreement between Borrower and one or more other parties to an REA with respect to such REA) affecting the Property or portion thereof.

REA means, individually and/or collectively (as the context may require), each reciprocal easement, covenant, condition and restriction agreement or similar agreement affecting the Property as more particularly described on Schedule III hereto and any future reciprocal easement or similar agreement affecting the Property entered into in accordance with the applicable terms and conditions hereof.

REA means Request for Equitable Adjustment.

Examples of REA in a sentence

• Under the REA, Macy’s pays approximately 40% of the total property taxes assessed against the shared tax lot to the Property Borrower, who then makes the required tax payments to the applicable taxing authority.

• In the event of default under the Mortgage Loan documents, the lender has the right to require, among other related rights, the Property Borrower to exercise the rights of the Property Borrower under the REA to pursue the creation of a separate tax lot for the portion of the Mortgaged Property that is part of the Shared Tax Lot, such that no portion of the Mortgaged Property shares a tax lot with any real property that is not subject to the lien of the Mortgage Loan.

• The Lender shall (x) release all Liens on the Collateral promptly after the payment in full of the Obligations (other than contingent indemnity Obligations for which no claim has been made) and (y) release the Lien on any Collateral constituting Equity Interests in a Project Company upon the exercise of a counterparty to a Power Purchase Agreement of any Permitted REA Rights, upon receipt by the Lender of the proceeds of such transaction in accordance with Section 2.02(b).

• In the event any counterparty to a Power Purchase Agreement seeks to exercise any Permitted REA Right, Xxxxxx will cooperate reasonably with the Loan Parties (at the sole cost and expense of the Loan Parties) in the Loan Parties’ execution of any transaction to comply with any Permitted REA Right.

More Definitions of REA

REA means incorporated rural electrification association;

REA means, collectively, those certain agreement(s) more particularly described on Schedule VIII attached hereto and made a part hereof, as the same may be amended, restated, supplemented or otherwise modified from time to time in accordance with the terms of this Agreement.

REA means the Regional Energy Account issued by Regional Load Dispatch Centre and amendment (if any) thereto

REA or “Reciprocal Easement Agreement” shall mean the reciprocal easement agreements or similar agreements affecting any Individual Property or portion thereof and set forth in the Borrower’s Certification.

REA means, individually or collectively (as the context requires), each reciprocal easement or similar agreement affecting the Property (or any portion thereof) as more particularly described on Schedule IV hereto (if any), any Atrium REA (if entered into pursuant to the terms hereof), any amendment, restatement, replacement or other modification thereof, any future reciprocal easement or similar agreement affecting such Property (or any portion thereof) entered into in accordance with the applicable terms and conditions hereof and any amendment, restatement, replacement or other modification thereof.

REA means a reciprocal easement agreement or any other agreement or document of record affecting a Leased Property as of the Commencement Date, or which is created or imposed after the Commencement Date by, or with the consent of, Tenant.

REA means any reciprocal access, easement, construction and/or operating or similar agreements with respect to the individual Properties in effect as of the Closing Date.