Common use of Independent Building Clause in Contracts

Independent Building. The Building is fully independent in all respects including, without limitation, in respect of structural integrity, heating, ventilating and air conditioning, plumbing, mechanical and other operating and mechanical systems, and electrical, sanitation and water systems, all of which are connected directly to off-site utilities located in public streets or ways or through insured perpetual private easements approved by the Agent. The Building is located on a lot which is separately assessed for purposes of real estate tax assessment and payment. The Building, all Building Service Equipment and all paved or landscaped areas related to or used in connection with the Building are located wholly within the perimeter lines of the lot or lots on which the Mortgaged Property is located, except as may be specifically shown on the Survey for such Mortgaged Property.

Appears in 3 contracts

Samples: Master Revolving Credit Agreement (Ramco Gershenson Properties Trust), Master Revolving Credit Agreement (Ramco Gershenson Properties Trust), Master Revolving Credit Agreement (Ramco Gershenson Properties Trust)

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Independent Building. The Building is fully independent in all respects including, without limitation, in respect of structural integrity, heating, ventilating and air conditioning, plumbing, mechanical and other operating and mechanical systems, and electrical, sanitation and water systems, all of which are connected directly to off-site utilities located in public streets or ways or through insured perpetual private easements approved by the Agent. The Building is located on a lot which is separately assessed for purposes of real estate tax assessment and payment. The Building, all Building Service Equipment Personal Property and all paved or landscaped areas related to or used in connection with the Building are located wholly within the perimeter lines of the lot or lots on which the Mortgaged Property is located, except as may be specifically shown on the Survey for such Mortgaged Property.

Appears in 2 contracts

Samples: Revolving Credit Agreement (American Real Estate Investment Corp), Revolving Credit Agreement (American Real Estate Investment Corp)

Independent Building. The Building is fully independent in all respects including, without limitation, in respect of structural integrity, heating, ventilating and air conditioning, plumbing, mechanical and other operating and mechanical systems, and electrical, sanitation and water systems, all of which are connected directly to off-site utilities located in public streets or ways or through insured perpetual private easements approved by the Agent. The Building is located on a lot which is separately assessed for purposes of real estate tax assessment and payment. The Building, all Building Service Equipment and all paved or landscaped areas related to or used in connection with the Building are are, except as specifically disclosed on a Survey delivered to the Agent prior to the date hereof, located wholly within the perimeter lines of the lot or lots on which the Mortgaged Property is located, except as may be specifically shown on the Survey for such Mortgaged Property.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Wellsford Real Properties Inc), Term Loan Agreement (Wellsford Real Properties Inc)

Independent Building. The Building is Buildings on each Mortgaged Property are fully independent from any other real estate in all respects including, without limitation, in respect of structural integrity, heating, ventilating and air conditioning, plumbing, mechanical and other operating and mechanical systems, and electrical, sanitation and water systems, all of which are connected directly to off-site utilities located in public streets or ways or through insured perpetual private easements approved by the Agentways. The Building is Buildings are located on a lot lots which is are separately assessed for purposes of real estate tax assessment and payment. The BuildingBuildings, all Building Service Equipment and all paved or landscaped areas related to or used in connection with the Building Buildings are located wholly within the perimeter lines of the lot or lots on which the Mortgaged Property is located, Properties are located except as may be specifically shown on disclosed in the Survey for such Mortgaged PropertySurveys.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Amerivest Properties Inc), Credit Loan Agreement (Koger Equity Inc)

Independent Building. The Building is Buildings on each Mortgaged Property are fully independent from any other real estate in all respects including, without limitation, in respect of structural integrity, heating, ventilating and air conditioning, plumbing, mechanical and other operating and mechanical systems, and electrical, sanitation and water systems, all of which are connected directly to off-site utilities located in public streets or ways or through insured perpetual private easements approved by the Agentways. The Building is Buildings are located on a lot lots which is are separately assessed for purposes of real estate tax assessment and payment. The BuildingBuildings, all Building Service Equipment building service equipment and all paved or landscaped areas related to or used in connection with the Building Buildings are located wholly within the perimeter lines of the lot or lots on which the Mortgaged Property is located, Properties are located except as may be specifically shown on disclosed to the Survey for such Mortgaged PropertyAgent.

Appears in 1 contract

Samples: Term Loan Agreement (Amerivest Properties Inc)

Independent Building. The Building is fully independent in all respects including, without limitation, in respect of structural integrity, heating, ventilating and air conditioning, plumbing, mechanical and other operating and mechanical systems, and electrical, sanitation and water systems, all of which are connected directly to off-site utilities located in public streets or ways or through insured perpetual private easements approved by the Agent. The Building is located on a lot which is separately assessed for purposes of real estate tax assessment and payment. The Building, all Building Service Equipment and all paved or landscaped areas related to or used in connection with the Building are located wholly within the perimeter lines of the lot or lots on which the Mortgaged Collateral Property is located, except as may be specifically shown on the Survey for such Mortgaged Collateral Property.

Appears in 1 contract

Samples: Bridge Loan Agreement (Ramco Gershenson Properties Trust)

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Independent Building. The Building is Buildings on the Mortgaged Property are fully independent from any other real estate in all respects including, without limitation, in respect of structural integrity, heating, ventilating and air conditioning, plumbing, mechanical and other operating and mechanical systems, and electrical, sanitation and water systems, all of which are connected directly to off-off site utilities located in public streets or ways or through insured perpetual private easements approved by the Agentways. The Building is Buildings are located on a lot lots which is are separately assessed for purposes of real estate tax assessment and payment. The BuildingBuildings, all Building Service Equipment and all paved or landscaped areas related to or used in connection with the Building Buildings are located wholly within the perimeter lines of the lot or lots on which the Mortgaged Property is located, located except as may be specifically shown on disclosed in the Survey for such Mortgaged Propertysurveys previously delivered to Agent.

Appears in 1 contract

Samples: Revolving Credit Agreement (Amerivest Properties Inc)

Independent Building. The Building is fully independent in all respects including, without limitation, in respect of structural integrity, heating, ventilating and air conditioning, plumbing, mechanical and other operating and mechanical systems, and electrical, sanitation and water systems, all of which are connected directly to off-site utilities located in public streets or ways or through insured perpetual private easements approved by the AgentMajority Banks. The Building is located on a lot which is separately assessed for purposes of real estate tax assessment and payment. The Building, all Building Service Equipment and all paved or landscaped areas related to or used in connection with the Building are located wholly within the perimeter lines of the lot or lots on which the Mortgaged Property is located, except as may be specifically shown on the Survey for such Mortgaged Property.

Appears in 1 contract

Samples: Master Revolving Credit Agreement (Ramco Gershenson Properties Trust)

Independent Building. The Building is Buildings on each Mortgaged Property are fully independent from any other real estate in all respects including, without limitation, in respect of structural integrity, heating, ventilating and air conditioning, plumbing, mechanical and other operating and mechanical systems, and electrical, sanitation and water systems, all of which are connected directly to off-site utilities located in public streets or ways or through insured perpetual private easements approved by the Agentways. The Building is Buildings are located on a lot lots which is are separately assessed for purposes of real estate tax assessment and payment. The BuildingBuildings, all Building Service Equipment and all paved or landscaped areas related to or used in connection with the Building Buildings are located wholly within the perimeter lines of the lot or lots on which the Mortgaged Property is located, Properties are located except as may be specifically shown on disclosed in the Survey for such Mortgaged Property.Surveys. (d)

Appears in 1 contract

Samples: Loan Agreement (Liberty Property Limited Partnership)

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