Examples of Valencia Property in a sentence
WREP has restructured the Capital Research Loan to provide for terms no less favorable to WREP than the following: (i) interest at 16% per annum, payable monthly, (ii) principal due two years from restructuring, (iii) secured by a lien in WREP's equity in any of WREP's real property other than the Irwindale Property and the Valencia Property, and (iv) prepayable at any time in whole or in part without any penalty, and such other commercially reasonable terms for a loan of its type.
The Borrower and each of the Consolidated Businesses and the UJVs (other than the UJV which owns the Valencia Property) has in force paid insurance with financially sound and reputable insurance companies or associations in such amounts and covering such risks as are usually carried by companies engaged in the same or a similar business and similarly situated.
Each of the Borrower, the Consolidated Businesses and the UJVs (other than the UJV which owns the Valencia Property) have good record and marketable title in fee simple to, or a valid leasehold interest in, all its real property, and good title to, or a valid leasehold interest in, all its other property, and, except as disclosed in the Borrower Consolidated Financial Statements, none of such property is subject to any Lien voluntarily placed thereon or consented thereto by the Borrower.
The Borrower, the Consolidated Business and the UJVs (other than the UJV which owns the Valencia Property) enjoy peaceful and undisturbed possession of all leased property necessary in any material respect in the conduct of their respective businesses.
Calculated as the average annual increase of the Company’s aggregate rental income through 2026 for the GR Property, FM Property, CO Property, Lewisville Property, the DST Properties, Buchanan Property, Madison Ave Property, Valencia Property, De Anza Property, Fisher Road Property, ON3 Property, and Mount Comfort Land (as defined in our Form 10-Q, filed November 11, 2023).
During the Due Diligence Period, the Purchaser shall have the right to obtain, at Purchaser’s sole cost and expense, an independent appraisal from a third party appraiser reasonably acceptable to the Purchaser confirming that the fair market value of the Talega Property equals or exceeds the Talega Allocated Purchase Price and that the fair market value of the Valencia Property equals or exceeds the Valencia Allocated Purchase Price.
For purposes of determining the fair market value of the Valencia Property pursuant to this Section 2.4.2, it shall be assumed that the Valencia Lease does not exist and that the Valencia Property (including all real and personal property held and/or owned by the Tenant under the Valencia Lease), is owned and operated as a single enterprise without the benefits and burdens of the Valencia Lease.