Special Property definition

Special Property means:

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Special Property means identifiable property in which the holder has only a

Special Property means: (a) any contract, instrument, permit, lease or license or other document as to which and for so long as the creation of a hypothec or other security interest would constitute a violation of a valid and enforceable restriction in favour of a third party on such creation unless and until any required consents were obtained; (b) any contract, instrument, permit, lease, license or other documents as to which and for so long as the creation of a hypothec or other security interest would give any other party to such contract, instrument, permit, lease, license or other document the right to terminate its obligations thereunder; and (c) any contract, instrument, permit, lease or license or other document held by the Grantor to the extent that and for so long as any Applicable Law applicable thereto prohibits the creation of a hypothec or other security interest therein.

Examples of Special Property in a sentence

Absent express agreement to the contrary, the amounts charged by Seller pursuant to this purchase order shall include payment for all Special Property.
The Company shall from time to time at the reasonable request of the Lender (which request shall refer to this Section 2.1) give written notice to the Lender identifying in reasonable detail the Special Property (and stating in such notice that such Special Property constitutes “Excluded Property”) and shall provide to the Lender such other information regarding the Special Property as the Lender may reasonably request.
Unless otherwise stated to the contrary in this purchase order, all Special Property, and all tangible and intangible property furnished by Buyer to Seller, or based on or derived from Seller’s confidential or proprietary information, or produced or purchased by Seller at Buyer’s expense, for use in Seller’s performance of this purchase order, and any replacement thereof, is and shall remain the exclusive property of Buyer.
If the Property is or may be subject to a Historic Property local ordinance or is subject to or may 431 qualify for the Historic Property Special Property Tax Assessment under ORS 358.475 to 358.565, Seller shall provide OREF-045 Historic 432 Property Addendum.
Applicant agrees that both it and its agents, invitees, and guests will comply with the “▇▇▇▇▇▇ ▇▇▇▇▇▇ Special Property Use Policies and Procedures,” set forth below as Exhibit A.

More Definitions of Special Property

Special Property means the property of companies that is assessed under ss. 76.01 to 76.26.

Special Property means identifiable property in which the holder

Special Property means identifiable property in which the holder has only a qualified, temporary, or limited interest.

Special Property means any permit, lease or license held by any Grantor that prohibits, and any law applicable thereto prohibits, the creation of a lien or security interest therein, in each case only to the extent, and for so long as, such permit, lease, license, contract or other agreement, or law applicable thereto, validly prohibits the creation of a lien or security interest in such property in favor of the Secured Party on its own behalf and on behalf of the Lenders and the MHR Funds (and upon the termination of such prohibition (howsoever occurring)) such permit, lease, license, contract or agreement shall cease to be “Special Property”). Notwithstanding the foregoing, the term “Special Property” shall include (i) the property and assets pledged to GECC pursuant to that certain Master Lease Agreement dated as of March 14, 2004 between the Company and GECC and the schedules relating thereto delivered prior to the date of this Agreement, and (ii) those agreements, properties and assets listed on Exhibit Q hereof.

Special Property in accordance with the provisions of Section 7.23(h).

Special Property means an Eligible Hotel that is designated by the Borrower as a "Special Property" in accordance with the provisions of Section 7.23(h).

Special Property means any General Intangible held by any Pledgor to the extent, and for so long as, any valid contract applicable to such Property or Requirement of Law applicable thereto, validly prohibits the creation of a Lien on such Property in favor of the Collateral Agent (and upon the termination of such prohibition (howsoever occurring) such Property shall cease to be "Special Property"). Upon delivery to the Collateral Agent, (a) any Pledged Securities now or hereafter included in the Securities Collateral shall be accompanied by stock powers duly executed in blank or other instruments of transfer satisfactory to the Collateral Agent and by such other instruments and documents as the Collateral Agent may reasonably request and (b) all other property comprising part of the Securities Collateral shall be accompanied by proper instruments of assignment duly executed by the applicable Pledgor and such other instruments or documents as the Collateral Agent may reasonably request. Each subsequent delivery of Pledged Securities shall be accompanied by a schedule describing the securities then being pledged hereunder, which schedule shall be attached hereto as a supplement to Schedule II and made a part hereof. Each schedule so delivered shall supplement any prior schedules so delivered. TO HAVE AND TO HOLD the Securities Collateral, together with all right, title, interest, powers, privileges and preferences pertaining or incidental thereto, unto the Collateral Agent, its successors and assigns, for the benefit of the Secured Parties, forever; subject, however, to the terms, covenants and conditions hereinafter set forth.