Seller Owned Real Property definition

Seller Owned Real Property has the meaning provided in Section 4.9(a).
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Seller Owned Real Property means the facility located at 000 Xxxx Xxxx Xxxxx, Xxx Xxxxx, Xxx Xxxx 00000.
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Seller Owned Real Property means the Seller Real Property owned by Sellers.
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Examples of Seller Owned Real Property in a sentence

  • All interests in real property located in Puerto Rico and used in connection with the System that is either owned by such Seller ("Owned Real Property") or leased or used by such Seller ("Leased Real Property"), including all improvements thereon owned by such Seller, and including, but not limited to, the Owned Real Property and the Leased Real Property described on Schedule 5.21.

  • There is no (i) real property or interests in real property owned in fee by the Acquired Company or any of its Subsidiaries (the “Seller Owned Real Property”), or (ii) real property or interests in real property leased by the Acquired Company or any of its Subsidiaries (other than under the terms of the Production Contracts) (the “Seller Leased Real Property” and together with the Seller Owned Real Property, the “Seller Real Property”).

  • Schedule 1.13 contains a complete and accurate list of all Real Property owned by Seller ("Owned Real Property") and contains accurate and complete copies of preliminary title reports covering all of the Owned Real Property.

  • None of the Acquired Accounts Receivable arose from the sale of Inventory manufactured in whole or in part by Seller at a location other than the Seller Owned Real Property.

  • Schedule B contains a complete and accurate list of all Land and other Real Property or other interests therein owned by Seller (Owned Real Property), if any.

  • Except as disclosed on Schedule 1.2(h), SNM has either (i) good and marketable title to the Real Property which is indicated on Schedule 1.2(h) as being owned by Seller ("Owned Real Property") or (ii) valid leasehold interest in and to the Real Property which is indicated on Schedule 1.2(h) as being leased by SNM ("Leased Real Property"), in each case free and clear of all Liens.

  • There shall be no Encumbrances on title to the Asset Seller Owned Real Property other than Permitted Encumbrances.

  • All Acquired Inventory (other than Acquired Inventory in transit or Acquired Inventory consigned to others) are located at the Seller Owned Real Property.

  • The Purchaser shall have received an ALTA Owner’s Policy of Title Insurance dated as of the Closing Date, insuring title to the Seller Owned Real Property in the Purchaser, subject only to the Permitted Liens, or an unconditional commitment from the Purchaser Title Company binding itself to issue such title insurance.

  • The Sellers have good and clear, record and marketable fee simple title in and to all of the Seller Owned Real Property, free and clear of all Encumbrances, including any Contract granting any other Person the right of use or occupancy of the Seller Owned Real Property.


More Definitions of Seller Owned Real Property

Seller Owned Real Property is defined in Section 3.11.1.
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Seller Owned Real Property shall have the meaning set forth in clause (i) of the definition of “Purchased Assets.”
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Seller Owned Real Property means, collectively, all Real Property owned by each Seller, other than the Excluded Real Property, which Seller Owned Real Property is more particularly described on Schedule 1.1(m) attached hereto.
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Related to Seller Owned Real Property

  • Owned Real Property has the meaning set forth in Section 4.10(a).

  • Company Owned Real Property shall have the meaning set forth in Section 3.12(a).

  • Owned Real Properties has the meaning set forth in Section 3.16(b).

  • Transferred Real Property has the meaning set forth in Section 1.1(p).

  • Excluded Real Property means (a) any fee-owned real property with a purchase price (in the case of real property acquired after the Effective Date) or Fair Market Value (in the case of real property owned as of the Effective Date, with Fair Market Value determined as of the Effective Date) of less than $3,500,000 individually, (b) any real property that is subject to a Lien permitted by Sections 6.02(iv), (xix), (xxii), (xxiii), (xxviii) or (xxxi), (c) any real property with respect to which, in the reasonable judgment of the Term Administrative Agent (confirmed by notice to the Borrower) the cost (including as a result of adverse tax consequences) of providing a Mortgage shall be excessive in view of the benefits to be obtained by the Lenders, (d) any real property to the extent providing a mortgage on such real property would (i) be prohibited or limited by any applicable law, rule or regulation (but only so long as such prohibition or limitation is in effect), (ii) violate a contractual obligation to the owners of such real property (other than any such owners that are the Borrower or Affiliates of the Borrower) that is binding on or relating to such real property (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code) but only to the extent such contractual obligation was not incurred in anticipation of this provision or (iii) give any other party (other than the Borrower or a wholly-owned Restricted Subsidiary of the Borrower) to any contract, agreement, instrument or indenture governing such real property the right to terminate its obligations thereunder (other than customary non-assignment provisions which are ineffective under the Uniform Commercial Code or other applicable law) and (e) any Leasehold.

  • Owned Property has the meaning set forth in Section 4.10(a).

  • Material Owned Real Property means any Real Property, or group of related tracts of Real Property, acquired (whether in a single transaction or a series of transactions) or owned in fee by any Loan Party, in each case, in respect of which the fair market value (including the fair market value of improvements owned or leased by such Loan Party and located thereon) on such date of determination exceeds $1,000,000.

  • Owned Real Estate means all land, together with all buildings, structures, fixtures, and improvements located thereon and all easements, rights of way, and appurtenances relating thereto, owned by the Company or any of its Subsidiaries.

  • Company Leased Real Property has the meaning set forth in Section 3.14(b).

  • Real Property means, collectively, all right, title and interest (including any leasehold, mineral or other estate) in and to any and all parcels of or interests in real property owned or leased by any Person, whether by lease, license or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles and contract rights and other property and rights incidental to the ownership, lease or operation thereof.

  • Company Real Property means the Company Owned Real Property and the Company Leased Real Property.

  • Owned Properties has the meaning set forth in Section 3.16.

  • Permitted Real Property Encumbrances means (i) those liens, encumbrances and other matters affecting title to any Mortgaged Property listed in the applicable title policy in respect thereof (or any update thereto) and found, on the date of delivery of such title policy to the Administrative Agent in accordance with the terms hereof, reasonably acceptable by the Administrative Agent, (ii) as to any particular real property at any time, such easements, encroachments, covenants, restrictions, rights of way, minor defects, irregularities or encumbrances on title which do not, in the reasonable opinion of the Administrative Agent, materially impair such real property for the purpose for which it is held by the mortgagor or owner, as the case may be, thereof, or the Lien held by the Administrative Agent, (iii) municipal and zoning laws, regulations, codes and ordinances, which are not violated in any material respect by the existing improvements and the present use made by the mortgagor or owner, as the case may be, of such real property, (iv) general real estate taxes and assessments not yet delinquent, and (v) such other items as the Administrative Agent may consent to.

  • Leased Real Property has the meaning set forth in Section 3.18(b).

  • Real Property Interests means all interests in real property of whatever nature, including easements, whether as owner or holder of a Security Interest, lessor, sublessor, lessee, sublessee or otherwise.

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Material Leased Real Property shall have the meaning given in Section 3.7(b).

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Closing Date pursuant to Section 5.11(c).

  • Excluded Personal Property means the following:

  • Residential real property means real property improved by a one to four family dwelling used or occupied, or intended to be used or occupied, wholly or partly, as the home or residence of one or more persons, but shall not refer to (a) unimproved real property upon which such dwellings are to be constructed or (b) condominium units or cooperative apartments or (c) property on a homeowners’ association that is not owned in fee simple by the seller.

  • Estate in Real Property A fee simple estate in a parcel of land.

  • Included Assets has the meaning in Section 5.1(d)(ii)(A).

  • Material Real Property means any fee owned Real Property located in the United States that is owned by any Loan Party with a fair market value in excess of $10,000,000 (at the Closing Date or, with respect to Real Property acquired after the Closing Date, at the time of acquisition, in each case, as reasonably estimated by the Borrower in good faith).

  • Real Properties means, at any time, a collective reference to each of the facilities and real properties (including the Borrowing Base Properties) owned or leased by the Consolidated Parties at such time.

  • Real Property Assets means as to any Person as of any time, the real property assets (including, without limitation, interests in participating mortgages in which such Person’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by such Person at such time.

  • Governmental Real Property Disclosure Requirements means any Requirement of Law of any Governmental Authority requiring notification of the buyer, lessee, mortgagee, assignee or other transferee of any Real Property, facility, establishment or business, or notification, registration or filing to or with any Governmental Authority, in connection with the sale, lease, mortgage, assignment or other transfer (including any transfer of control) of any Real Property, facility, establishment or business, of the actual or threatened presence or Release in or into the Environment, or the use, disposal or handling of Hazardous Material on, at, under or near the Real Property, facility, establishment or business to be sold, leased, mortgaged, assigned or transferred.