Common use of Separate Parcel Clause in Contracts

Separate Parcel. The Project is taxed separately without regard to any other property and for all purposes the Project may be mortgaged, conveyed, and otherwise dealt with as an independent parcel.

Appears in 5 contracts

Sources: Loan Agreement (Veeco Instruments Inc), Loan Agreement (Applied Epi Inc), Loan Agreement (Datron Systems Inc/De)

Separate Parcel. The Project Each Project's Real Property is taxed separately without regard to any other property and for all purposes the Project such Real Property may be mortgaged, conveyed, and otherwise dealt with as an independent parcel.

Appears in 2 contracts

Sources: Loan Agreement (On Stage Entertainment Inc), Loan Agreement (On Stage Entertainment Inc)