Store Properties definition

Store Properties means the stores operated by any Seller or any Affiliate thereof at the locations identified on Exhibit 1.1 hereto.
Store Properties and “Store Property” shall mean each of the retail optical stores leased or subleased by the Company or any of Guarantor (including any Real Estate Affiliate) with the business and assets (other than real property) thereof owned and operated by the Company and any Guarantor and any Franchise at the real properties situated at the locations listed on Schedule 1.01 hereto, as such schedule may be amended, from time to time, by the Company.
Store Properties are defined in the recitals of this Agreement and includes the Owned Real Property and the property subject to the Leases.

Examples of Store Properties in a sentence

  • Buyer acknowledges and agrees that it has conducted its own independent review and analysis of the business, assets, condition and operations of Sellers and the Store Properties.

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  • Same Store net operating income ("SSNOI") includes income from real estate operations less property operating expenses (before interest and depreciation and amortization) for Same Store Properties.

  • As of the date hereof, such Seller owns or hold under valid leases all material tangible personal property necessary, i.e., the Equipment, for the conduct of the business of the Sellers/Debtors at the Store Properties.

  • On or prior to the close of business on [June 6, 2003] Buyer will deposit in escrow that portion of the Asset Purchase Price that is allocable under Schedule 4.5 of the Agreement to the Store Properties (the "Weekend Stores") for which the Inventory Count, as set forth on Exhibit A hereto, is to commence on either Friday, June 6 or Saturday, June 7, together with an amount equal to the sum of the Store Percentages of the Weekend Stores multiplied by the estimated Inventory Purchase Price of $40,000,000.

  • The Parties have reached certain agreements regarding the procedures to be followed in conducting the Inventory Count and concluding the Closing with respect to the Store Properties.

  • We expect a similar percentage of 2024 Capital Expenditures to Real Estate for Same Store Properties to be NOI-Enhancing.

  • The Equipment constitutes all of the Equipment used or held for use at the Store Properties and are sufficient for Buyer to operate the Store Properties from and after the applicable Closing Date in substantially the same manner as they were operated by Sellers prior to the applicable Closing Date.

  • With respect to all other Owned Store Properties located in Ohio, Seller shall be responsible for all unpaid taxes and installments of assessments for the year prior to Closing and taxes and installments of assessments for the year of Closing shall be prorated from January 1st to and including the date of Closing.

  • Average occupancy for the Same Store Properties was 92.8% during 2017 and 94.0% during 2016.

Related to Store Properties

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

  • Common Properties means and refer to those areas of land shown on any recorded subdivision plat of The Properties and intended to be devoted to the common use and enjoyment of the owners of The Properties.

  • Initial Properties means collectively the Properties listed on Schedule 1.1 and “Initial Property” means any of such Properties.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Other Properties shall have the meaning set forth in Section 9.1.

  • Subject Properties has the meaning specified in Section 5.13(a).

  • 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.

  • Real Estate Leases is defined in Section 4.7.

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

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and the sale of homes and related real estate activities, including the provision of mortgage financing or title insurance.

  • The Properties means and refer to all such existing properties, and additions thereto, as are subject to this Declaration or any Supplemental Declaration under the provisions of Article II hereof.

  • Real Estate Assets means any investment by the Company or the Operating Partnership in unimproved and improved Real Property (including fee or leasehold interests, options and leases), directly, through one or more subsidiaries or through a Joint Venture.

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

  • Real Estate-Related Assets means any investments by the Company or the Operating Partnership in Mortgages and Real Estate-Related Securities.

  • Income Property means, in respect of each Sub-Fund, (a) all interest, dividends and other sums deemed by the Trustee, (after consulting the auditors either on a general or case by case basis), to be in the nature of income (including taxation repayments, if any) received or receivable by the Trustee in respect of the Deposited Property of the relevant Sub-Fund (whether in cash or, without limitation, by warrant, cheque, money, credit or otherwise or the proceeds of sale or transfer of any Income Property received in a form other than cash); (b) all interest and other sums received or receivable by the Trustee in respect of (a), (c) or (d) of this definition; (c) all cash payments received or receivable by the Trustee for the account of the relevant Sub-Fund in respect of an Application; and (d) all Cancellation Compensation received by the Trustee for the account of the relevant Sub-Fund; (e) any payments to be received or are receivable by the Trustee under any contractual agreements in the nature of investments for the benefit of the relevant Sub-Fund but excluding (i) the Deposited Property; (ii) any amount for the time being standing to the credit of the distribution account for the account of the relevant Sub-Fund or previously distributed to Unitholders; (iii) gains for the account of the relevant Sub-Fund arising from the realisation of Securities; and (iv) any sums applied towards payment of the fees, costs and expenses payable by the Trust from the Income Property of the relevant Sub-Fund;

  • Real Estate means all Leases and all land, together with the buildings, structures, parking areas, and other improvements thereon, now or hereafter owned by any Loan Party, including all easements, rights-of-way, and similar rights relating thereto and all leases, tenancies, and occupancies thereof.

  • 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.

  • Material Properties means (a) those Mortgaged Properties designated on Schedule 3.12 as Material Properties and (b) each other Mortgaged Property with respect to which a Mortgage is granted pursuant to Section 5.11 after the Restatement Effective Date.

  • Leaseholds of any Person shall mean all the right, title and interest of such Person as lessee or licensee in, to and under leases or licenses of land, improvements and/or fixtures.

  • Hotel Property means a Property on which there is located an operating hotel.

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • Leased Properties means all real property and interests in real property leased by the Company or one of its Subsidiaries.

  • Real Property Assets means as to any Person as of any time, the real property assets (including 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.

  • Mining Property means a property used for mining operations as defined in the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002);

  • Historic property means any prehistoric or historic site, district, building, object or other real or personal property of historical, architectural or archaeological value, and folklife resources. These properties or resources may include, but are not limited to, monuments, memorials, Indian habitations, ceremonial sites, abandoned settlements, sunken or abandoned ships, engineering works, treasure trove, artifacts or other objects with intrinsic historical or archaeological value, or any part thereof, relating to the history, government and culture of Florida.

  • Retail Property means Real Property that is used primarily as a retail shopping center, which may include ancillary uses such as office, medical and restaurant uses.