Virginia Property definition

Virginia Property means the real property owned by Comdial Business ----------------- Communications Corporation and located at 0000 Xxxxxxxx Xxxxx, Xxxxxxxxxxxxxxx, Xxxxxxxx 00000, together with all improvements thereon and appurtenances thereto.
Sample 1
Virginia Property means the real estate and Improvements thereon commonly known as 0000 Xxxxxxxx Xxxx, Xxxxxxx, Xxxxxxxx, the legal description of which is set forth on Exhibit A hereto, together with, if any, all and singular the rights under all easements, cross-easements and reciprocal easements, access and parking rights, appurtenances, passages, waters, water courses, riparian rights, and restrictive covenants in favor of or benefiting or arising in connection with any portion of the Virginia Property, but specifically excluding all of Seller’s personal property.
Sample 1
Virginia Property means the real property located at 0000 Xxxxxxxxxxx Xxxx, Xxxxxxxxxxxxxxx, Xxxxxxxx. FACILITY I: $4,000,000 REVOLVING LINE OF CREDIT
Sample 1

Examples of Virginia Property in a sentence

  • Notwithstanding anything to the contrary elsewhere in this Mortgage, as to any portion of the Trust Estate located in the Commonwealth of Virginia (the "Virginia Property"): (1) With respect to the portions of the Virginia Property constituting real property, this instrument shall be deemed to be and shall be construed as a Deed of Trust, enforceable in accordance with the applicable laws of the Commonwealth of Virginia.

  • All of the obligations of Borrower under this Agreement, the Notes and the other Loan Documents shall be secured by all of Borrower’s right, title and interest in and to all present and future rents, income, issues, profits, revenues, royalties, rights and benefits arising now and hereafter from the Property and the Virginia Property.

  • Section 21(f)(iii) of this Mortgage is hereby amended to add the following sentence with respect to the Virginia Property: "The Jurisdictional Trustee shall receive and receipt for the proceeds of any sale of the Virginia Properties under or by virtue of this Section 21(f)." Section 21(f)(iii) is further amended to substitute the term "Jurisdictional Trustee" for "Beneficiary" with respect to the Virginia Property.

  • In the event of default of any purchaser, the Jurisdictional Trustee shall have the right to resell the Virginia Property as set forth above.

  • Thereafter, upon the expiration of such time and the giving of such notice of sale as may then be required by law, and without the necessity of any demand on any Grantor, the Jurisdictional Trustee, at the time and place specified in the notice of sale, shall sell the Virginia Property or any part thereof at public auction to the highest bidder for cash in lawful money of the United States payable at time of sale.

  • The aggregate amount of the Companies’ liabilities with respect to the Virginia Property Taxes (including, without limitation, all fees and penalties relating thereto, if any), do not exceed $62,575.90 (such amount, the “Virginia Property Tax Liability”).

  • The Company shall have delivered to the Bank a report from a qualified environmental engineer or consultant acceptable to the Bank with respect to an environmental investigation and audit of the Virginia Property (the scope of which will be defined by the Bank), showing no contamination of the Virginia Property (other than as previously disclosed to the Bank in writing) by Hazardous Materials and that no portion of the Virginia Property constitutes "wetlands" under any Environmental Law.

  • If, at any time after the -------------------------------------- date of this Agreement, the Bank obtains an updated appraisal for the Virginia Property and such updated appraisal determines that the fair market value of the Virginia Property is in excess of $15,000,000, the Company shall cause Comdial Business Communications Corporation to execute and deliver such modifications to the Deed of Trust as the Bank shall require to increase the amount of indebtedness secured by the Deed of Trust.

  • The Collateral Agent shall have received a copy of all recorded documents referred to, or listed as exceptions to title in, the title policy or policies referred to above and a copy of all other material documents affecting the Virginia Property.

  • Should Beneficiary elect to sell the Virginia Property, or any part thereof, the Beneficiary or Jurisdictional Trustee shall give such notice of default and election to sell as may then be required by law.


More Definitions of Virginia Property

Virginia Property means the Property known as Chancellor’s Village located at 12100 Chancellor’s Xxxxxxx Xxxx, Xxxxxxxxxxxxxx, Xxxxxxxx 00000.
Sample 1
Virginia Property means the Property located in Ft. Belvoir, VA, more specifically described in Schedule E-2.
Sample 1
Virginia Property the Mortgaged Property located in Henrico County, Virginia.
Sample 1

Related to Virginia Property

  • Partnership Property means any property, real, personal or mixed, or any interest therein or appurtenant thereto which may be owned or acquired by the Partnership.

  • 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.

  • Estate in Real Property A fee simple estate in a parcel of land.

  • Adjacent Property means all land adjoining and surrounding the Stadium Site on which will be located any public streets, sidewalks, plazas, or bridges and any public or private parking facilities or other accoutrements to be developed by Authority or other parties in connection with the Project.

  • New property means (i) the assessed value, after final

  • State property means any building, land, or other real property owned, leased, or occupied by any department, agency, or instrumentality wholly owned by the State, unless, with respect to any building, land, or other real property leased or rented by the State, the lease or rental agreement shall prohibit the establishment of such vending facilities.

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

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

  • 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);

  • Joint Property means property that is owned by 2 or more persons with rights of survivorship, and includes a tenancy by the entireties in real property, a tenancy in personal property as provided in section 1 of 1927 PA 212, MCL 557.151, a joint tenancy, a joint tenancy with rights of survivorship, and a joint life estate with contingent remainder in fee. For purposes of this part, joint property is considered to consist of a present interest and a future interest. The future interest is the right of survivorship.

  • 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.

  • 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.

  • Cooperative Property The real property and improvements owned by the Cooperative Corporation, including the allocation of individual dwelling units to the holders of the Coop Shares of the Cooperative Corporation.

  • Common Property means any and all real and personal property and easements and other interests therein, together with the facilities and improvements located thereon, now or hereafter owned by the Association for the common use and enjoyment of the Owners.

  • 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.

  • 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.

  • Company Real Property means the Company Owned Real Property and the Company Leased Real Property.

  • Timberlands means, as of any date of determination, all real property owned by or leased to the Borrower or any Subsidiary that is suitable for Timber production, natural resource development or real estate development. For the avoidance of doubt, “Timberlands” shall exclude property, plant and equipment of the Borrower and its Subsidiaries associated with their manufacturing activities.

  • Property Owners association" or "association" means an incorporated or unincorporated entity upon

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  • Timberland means land, other than land owned by the federal government and land designated by the board as experimental forest land, which is available for, and capable of, growing a crop of trees of a commercial species used to produce lumber and other forest products, including Christmas trees. Commercial species shall be determined by the board on a district basis.

  • Residential real property means real property improved by a one to four family dwelling used or occupied, or intended to be used or occupied, wholly or partly, as the home or residence of one or more persons, but shall not refer to (a) unimproved real property upon which such dwellings are to be constructed or (b) condominium units or cooperative apartments or (c) property on a homeowners’ association that is not owned in fee simple by the seller.