Replaced Properties definition

Replaced Properties has the meaning given to such term in Section 2.12 of this Agreement.
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Replaced Properties shall have the meanings set forth in Section 2.5.3(a) hereof.
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Replaced Properties means, collectively, the Dapper I Replaced Properties, the Dapper II Replaced Properties and the Dapper III Replaced Properties.
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Examples of Replaced Properties in a sentence

  • Borrower may, subject to the conditions in this Section, substitute one or more properties (each a "Substitute Property" and collectively the "Substitute Properties") for a then encumbered Facility (a "Replaced Property" and collectively, the "Replaced Properties").

  • Discount has advised Dapper I and FFC that it desires to provide for the substitution of the Dapper I Replaced Properties with the Dapper I Substitute Properties under the Dapper I Master Lease, which would require the substitution of the Dapper I Replaced Properties with the Dapper I Substitute Properties under the Dapper I Loan Documents.

  • Dapper II leases the Dapper II Properties, including, without limitation, the Dapper II Replaced Properties, to Discount pursuant to the Dapper II Master Lease.

  • Upon Closing, Advance shall receive fee title to the Dapper III Replaced Properties, all free and clear of all liens, encumbrances, charges and security interests of any nature whatsoever, except the Permitted Exceptions.

  • The Dapper II Loans are secured in part by first priority mortgage liens on the Dapper II Properties, including, without limitation, the Dapper II Replaced Properties.

  • FFC shall have received the consent of Residual Value Insurer to the substitution of the Substitute Properties for the Replaced Properties.

  • Discount has advised Dapper III and FFC that it desires to provide for the substitution of the Dapper III Replaced Properties with the Dapper III Substitute Properties under the Dapper III Master Lease, which would require the substitution of the Dapper III Replaced Properties with the Dapper III Substitute Properties under the Dapper III Loan Documents.

  • In the event that the Substitution involves more Replaced Properties than Substitute Properties, or more Substitute Properties than Replaced Properties, than the total Allocated Loan Amounts of the Replaced Properties shall be reallocated proportionately among the Substitute Properties based on the FMV of the Substitute Properties at the time of Substitution and as adjusted by Lender in its reasonable discretion based on DSCR of the Substitute Properties.

  • With respect to any Substitution, no more than two (2) Replaced Properties may be substituted for any one (1) Substitute Property unless Rating Confirmation is obtained.

  • Discount has advised Dapper II and FFC that it desires to provide for the substitution of the Dapper II Replaced Properties with the Dapper II Substitute Properties under the Dapper II Master Lease, which would require the substitution of the Dapper II Replaced Properties with the Dapper II Substitute Properties under the Dapper II Loan Documents.

Related to Replaced Properties

  • 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.

  • Individual Property means each parcel of real property, the Improvements thereon and all Personal Property owned by Mortgage Borrower and encumbered by a Mortgage, together with all rights pertaining to such Property and Improvements, as more particularly described in each Mortgage and referred to therein as the “Property”.

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.