REIT I Properties definition

REIT I Properties means each real property owned, or leased (including ground leased) as lessee or sublessee, by REIT I or any REIT I Subsidiary as of the date of this Agreement (including all of REIT I’s or any REIT I Subsidiary’s right, title, and interest in and to all buildings, structures and other improvements and fixtures located on or under such real property and all easements, rights and other appurtenances to such real property).
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REIT I Properties means each real property owned, or leased (including ground leased) as lessee or sublessee, by REIT I or any REIT I Subsidiary as of the date of this Agreement (including all of REIT I’s or any REIT I Subsidiary’s right, title and interest in and to buildings, structures and other improvements and fixtures located on or under such real property and all easements, rights and other appurtenances to such real property).
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REIT I Properties means the Properties originally purchased by REIT I.
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Examples of REIT I Properties in a sentence

  • Neither REIT I nor any of its Subsidiaries has Knowledge that REIT I or the applicable Subsidiary has violated any covenants, conditions, easements or restrictions of record affecting any of REIT I Properties, which violation has not been cured and, if not cured, would, individually or in the aggregate, be reasonably likely to have a Material Adverse Effect with respect to REIT I.

  • As of the date hereof, each of the REIT I Properties is owned or leased by REIT I or the REIT I Subsidiary indicated on Section 4.10(a) of the REIT I Disclosure Letter.

  • Upon the Sale of REIT I Properties, REIT I Net Sale Proceeds shall be received by the Partnership and distributed 100% to the Partners (other than the Special Limited Partners) who are Partners on the Partnership Record Date in accordance with their respective Percentage Interests on the Partnership Record Date.

  • REIT I or its Subsidiaries shall have obtained any and all consents required by loan documents relating to loans secured by security interests in REIT I Properties to which REIT I or its Subsidiaries are parties to consummate the transactions contemplated hereby.

  • Each of REIT I Properties is an independent property that does not rely on any facilities (other than public facilities, public roads and off-site parking) located in any real property which is not a REIT I Property to fulfill any requirement of any Governmental Authority or for the furnishing to such REIT I Property of any essential building system or utility, except as would not, individually or in the aggregate, be reasonably likely to have a Material Adverse Effect with respect to REIT I.