PROPERTY SPECIFIC Clause Samples
The 'PROPERTY SPECIFIC' clause defines the particular property or properties that are subject to the agreement. It typically identifies the property by address, legal description, or other unique identifiers to ensure there is no ambiguity about what is being referenced. By clearly specifying the property, this clause ensures that all parties understand exactly which asset is involved, thereby preventing disputes or confusion regarding the subject matter of the contract.
PROPERTY SPECIFIC. 1. Section 17 is modified to add the following to the end of the Section:
PROPERTY SPECIFIC. With respect to each Property (where references are made to “the Property” in this Section 5.11 they are intended to refer to each and every Property):
PROPERTY SPECIFIC. Hours of operation for a pull or return of a vessel or unit from storage at MM98 property are MONDAY-SATURDAY, 8:00AM-6:00PM. Note we may be closed during holidays or any other date/time for maintenance or other reasons. It is important you plan ahead. We are NOT open Sundays.
PROPERTY SPECIFIC. 1. Section 17 is amended to add the following new subsection (i):
(i) Borrower shall maintain the contract for termite control services with a qualified service provider at the Mortgaged Property for so long as the Indebtedness remains outstanding.”
2. Section 17 is modified to add the following to the end of the Section:
PROPERTY SPECIFIC. 1. Section 7(a) is amended to delete the Imposition starting with “[Deferred] assessments…” and inserting the following:
PROPERTY SPECIFIC. 1. The following new Section is added to Instrument:
PROPERTY SPECIFIC