Subject Real Property definition
Examples of Subject Real Property in a sentence
The Arbitrators shall determine whether substantially all of a Subject Real Property has been taken to the extent the District and ▇▇▇▇▇ have been unable to agree on these matters.
The Arbitrators shall determine whether the remainder of the Subject Real Property in question may still be used in an economically sound manner for the uses and purposes for which it was being used prior to the taking in questions, and the Agreed Restoration.
In the event of such a partial taking, the District and ▇▇▇▇▇ shall enter into good faith negotiations in an attempt to agree on the restoration to be made (the “Agreed Restoration”) by ▇▇▇▇▇ to the remainder of the Subject Real Property in question.
Notwithstanding the foregoing sentence, ▇▇▇▇▇ shall not be obligated to expend more than the sum of the applicable policy limits plus the deductibles to Rebuild the Subject Real Property in question following any casualty loss.
Each Obligor has good title to (or valid leasehold interests in) each Subject Real Property and good title to all of its material personal property, including all property reflected in any financial statements delivered to the Administrative Agent or Lenders, in each case free of Liens except Permitted Liens.