Ground Lease Properties Sample Clauses

Ground Lease Properties. 4 1.26 Ground Leases.................................................. 4 1.27 Host........................................................... 4 1.28 Improvements................................................... 4 1.29

Ground Lease Properties. Seller hereby agrees to sell and convey to Buyer, and Buyer hereby agrees to purchase and take from Seller, subject to and in accordance with all of the terms and conditions of this Agreement, leasehold title in and to forty-one ( 41) condominium units in four (4) medical office buildings, but not including the land on which such medical office buildings are situated (collectively, the “Ground Lease Properties” or individually, a “Ground Lease Property”), further described in Exhibit B attached hereto and commonly known as:

Ground Lease Properties. Pursuant to the “Ground Leases” (as hereinafter defined) to be executed as of the Closing Date by Seller, as lessor, and Buyer, as lessee, Seller will ground lease to Buyer a leasehold interest in, to and under those certain tracts or pieces of land identified as a “Leasehold” on the attached Exhibit “A” (each, a “Ground Lease Property” and collectively, the “Ground Lease Properties;” the Fee Properties together with the Ground Lease Properties shall be referred to as the “Land”);

Ground Lease Properties. Notwithstanding anything to the contrary contained in the Purchase Agreement, the parties hereby acknowledge and agree that in addition to receiving leasehold title in and to the Ground Lease Properties pursuant to Section 1(b) of the Purchase Agreement at the Closing, Buyer shall receive fee simple title in and to the Ground Lease Properties from Seller at the Closing.