Suites on Paseo Property definition

Suites on Paseo Property means that certain multi-family property owned by Lindo Paseo LLC, a Delaware limited liability company, with an address of 5565, 5595 and 0000 Xxxxx Xxxxx, Xxx Xxxxx, XX 00000 and encumbered by the Mortgage.
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Suites on Paseo Property means that certain multi-family property owned by Lindo Paseo LLC, a Delaware limited liability company, with an address of 5565, 5595 and 5625 Lindo Paseo, San Diego, CA 92115and encumbered by the Mortgage.
Sample 1

Examples of Suites on Paseo Property in a sentence

  • In order to create in favor of Administrative Agent, for the benefit of Secured Parties, a valid, perfected first priority (except for Permitted Liens) mortgage lien against the Suites on Paseo Property, Administrative Agent shall have received a commitment from First American Title Insurance Company to issue the Title Policy.

  • In addition, Administrative Agent shall render or cause to be rendered to each Lender, on a periodic basis (but in any event once per calendar quarter), an income and expense statement for the Suites on Paseo Property, and each Lender shall promptly contribute its Proportionate Share of any operating loss for the Property, and such other expenses and operating reserves as Administrative Agent shall deem reasonably necessary pursuant to and in accordance with the approved Post-Foreclosure Plan.

  • It is expressly understood and agreed that each of the respective obligations under this Agreement and the other Loan Documents, including advancing Loans, losses incurred in connection with the Loan, costs and expenses of enforcement, advancing to preserve the Lien against the Collateral or to preserve and protect the Suites on Paseo Property, shall be without regard to any adjustment in the Proportionate Shares occasioned by the acts of a Defaulting Lender.

  • Any purchase money mortgage or deed of trust taken in connection with the disposition of the Suites on Paseo Property in accordance with the immediately preceding sentence shall name Administrative Agent, as agent for the Lenders, as the beneficiary or mortgagee; provided, however, that purchase money financing shall not be provided in connection with the disposition of the Suites on Paseo Property without the prior consent of each Lender.

  • Administrative Agent shall undertake to sell the Suites on Paseo Property, at such price and upon such terms and conditions as the Required Lenders reasonably shall determine to be most advantageous to the Lenders.

  • Borrower, Guarantor and Mortgagor (and any other mortgagor of the Suites on Paseo Property, if applicable) agree to refrain from opposing such foreclosure proceedings following the occurrence and during the continuation of Event of Default under the Credit Agreement.

  • Xxxxxxxx, Guarantor and Xxxxxxxxx (and any other mortgagor of the Suites on Paseo Property, if applicable) agree to refrain from opposing such foreclosure proceedings following the occurrence and during the continuation of Event of Default under the Credit Agreement.

  • Borrower shall, or shall cause Mortgagor to, repay the Indebtedness referenced in Section 7.1(e)in full by the earlier of (a) the maturity date of the Indebtedness, (b) the closing date of any sale of the Suites on Paseo Property, and (c) September 19, 2024.

  • In the event that the Indebtedness is repaid in full other than through a sale of the Suites on Paseo Property, Borrower shall, or shall cause Mortgagor to (as applicable), execute and/or deliver to Administrative Agent a Pledge Agreement, Mortgage, Assignment of Leases and Rents, Title Policy, opinion of counsel, and legal diligence and search reports, all in form and substance satisfactory to Administrative Agent, no later than thirty (30) days after repayment of the Indebtedness.

Related to Suites on Paseo Property

  • 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.

  • 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.

  • Historic building means a building, including its structural components, that is located in this state and that is either individually listed on the national register of historic places under 16 U.S.C. 470a, located in a registered historic district, and certified by the state historic preservation officer as being of historic significance to the district, or is individually listed as an historic landmark designated by a local government certified under 16 U.S.C. 470a(c).

  • Securitization Property means the property described in section 10j.

  • 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.

  • newly rateable property means any rateable property on which property rates were not levied before the end of the financial year preceding the date on which this Act took effect, excluding –

  • 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 Original Closing Date pursuant to Section 5.11(d) or pursuant to Section 5.11(d) of the Original Credit Agreement or the Prior Credit Agreement.

  • Healthcare Facility means that portion of the Project operated on the Land as a Nursing Home, Intermediate Care Facility, Board and Care Home, Assisted Living Facility and/or any other healthcare facility authorized to receive insured mortgage financing pursuant to Section 232 of the National Housing Act, as amended, including any commercial space included in the facility.

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Residential property means improved property that:-

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

  • Real Estate Leases has the meaning set forth in Section 2.1(d)(ii).

  • Real Properties means the real property owned by the Borrower or any of its Subsidiaries.

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.

  • Regulated motor vehicle surface means any of the following, alone or in combination:

  • Unimproved Land means land on which no development (other than improvements that are not material and are temporary in nature) has occurred.

  • Retail Property means a Property improved with a building or buildings the substantial use of which is retail space, which may include a Property that is part of a Mixed-Use Property.

  • 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.

  • Real Property Asset means, at any time of determination, any interest then owned by any Loan Party in any real property.

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

  • Expansion to an existing manufactured home park or subdivision means the preparation of additional sites by the construction of facilities for servicing the lots on which the manufactured homes are to be affixed (including the installation of utilities, the construction of streets, and either final site grading or the pouring of concrete pads).

  • Substitute Property shall have the meaning set forth in Section 2.6 hereof.

  • Commercial property means property formerly or currently used primarily for business, retail, governmental or professional purposes.

  • 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.

  • Public Property means any and all property owned by the City or held in the name of the City by any of the departments, commissions or agencies within the City government.

  • After-Acquired Property means any property (other than Collateral or Excluded Property) that is acquired or otherwise owned by the Company or any Subsidiary after the Issue Date of a type that secures the Secured Obligations.