Substitute Properties definition

Substitute Properties shall have the respective meanings set forth in Section 2.4.2(a).

Substitute Properties has the meaning set forth in Section 20.1.

Substitute Properties. As defined in Section 21.1. Taking: A taking or voluntary conveyance during the Term hereof of all or part of the Leased Property, or any interest therein or right accruing thereto or use thereof, as the result of, or in settlement of, any Condemnation or other eminent domain proceeding affecting the Leased Property whether or not the same shall have actually been commenced.

Examples of Substitute Properties in a sentence

• In the event that said equity value of the Substitute Property or group of Substitute Properties is less than said equity value of the Leased Property, Lessee shall pay to Lessor an amount equal to the difference, subject to the limitation set forth below.

• An Issuer may remove a Terminated Lease Property or REO Property from the Collateral Pool in exchange for the addition of one or more Qualified Substitute Properties to the Collateral Pool pursuant to the provisions of Section 7.01.

• Monthly Lease Payments due with respect to Qualified Substitute Properties and Qualified Substitute Hybrid Leases and Monthly Loan Payments due with respect to Qualified Substitute Loans in the month of substitution shall not be part of the Collateral and will be retained by the Property Manager and remitted by the Property Manager to such Issuer on the next succeeding Payment Date.

• Subject to the terms and conditions set forth in this Section 2.6, Borrower may obtain a release of the Lien of a Security Instrument (and the related Loan Documents) encumbering an Individual Property (a "Substituted Property") by substituting therefor its fee interest in one or more hotel properties of like kind and quality acquired by Borrower (individually, a "Substitute Property" and collectively, the "Substitute Properties"), provided that no such substitution may occur after the Maturity Date.

• Notwithstanding Section 7.01 of the Property Management Agreement, on or prior to December 31, 2013, no portion of the Future Funding Deposit may be utilized by the Issuers to acquire Qualified Substitute Properties.

More Definitions of Substitute Properties

Substitute Properties shall have the respective meanings set forth in Section 11.29.

Substitute Properties shall have the meaning given such term in Section 16.1.

Substitute Properties. As defined in Article 16.

Substitute Properties means those Properties which are substituted for Selected Premises pursuant to the terms set forth in this Agreement.

Substitute Properties means, collectively, more than one Substitute Property.

Substitute Properties shall have the meaning set forth in Section 2.8 hereof.

Substitute Properties means, collectively, the Dapper I Substitute Properties, the Dapper II Substitute Properties and the Dapper III Substitute Properties.