Subject Properties Clause Samples
The 'Subject Properties' clause defines and identifies the specific real estate or assets that are the focus of the agreement. It typically includes detailed descriptions such as the address, legal description, parcel number, or other identifying information to ensure there is no ambiguity about what is being bought, sold, or leased. By clearly specifying the subject properties, this clause ensures both parties are in agreement about the exact assets involved, thereby preventing disputes or misunderstandings regarding the scope of the transaction.
Subject Properties. Schedule 1.2 hereto is a correct and complete list of all Subject Properties as of the Closing Date. Each of the Subject Properties included by the Borrower in calculation of the compliance of the covenants set forth in §9 satisfies all of the requirements contained in this Agreement for the same to be included therein.
Subject Properties. The Projects identified on Schedule 1.1, Schedule 1.2 and Schedule 1.3 each satisfy the requirements for Subject Properties set forth in the definition of “Subject Properties”. The Subject Property Loan Documents prohibit (a) the Negative Pledge Properties from being included as Pledged Equity Properties and Pledged Distributions Properties, and (b) the Pledged Distributions Properties from being included as Pledged Equity Properties, and the applicable Assignor has pledged to Administrative Agent as Collateral all of the right, title and interest of such Assignor in and to the Capital Stock and Distributions that such Assignor is permitted to pledge under such Subject Property Loan Documents. The Subject Property Loan Documents and the organizational documents of the direct and indirect owners of the Subject Properties do not prohibit, restrict or limit the pledge of the Collateral to Administrative Agent or the subsequent transfer or assignment of the Collateral, other than, solely with respect to the Puerto Rico Properties, the requirement to deliver notice of any such subsequent transfer or assignment and a non-consolidation opinion to the lender under the Subject Property Loan Documents which encumber such Puerto Rico Properties in connection with any transfer or assignment (but not pledge) of the Collateral related to such Puerto Rico Properties and other than those conditions to the subsequent transfer of the Pledged Equity Interests that are identified in Schedule 5.21 attached hereto and made a part hereof.
Subject Properties. The City owns the real property known as ▇▇▇▇ ▇▇▇ Park, King County Parcel No. 5247801945, located in Seattle’s Historic International District. SCIDpda owns the real property known as the ▇▇▇▇ Hotel, a landmarked building, King County Parcel No. 1275150000, which is located directly north of and adjacent to ▇▇▇▇ ▇▇▇ Park. The properties are more fully described and depicted in Exhibit A, “▇▇▇▇ ▇▇▇ Park – ▇▇▇▇ Hotel Easement Extinguishment – Comfort Station Project”.
Subject Properties. Subject to the terms and conditions of the Asset Purchase and Sale Agreement, Purchaser shall purchase the Subject Properties from Kimberley, Metro National and MNC, free and clear of any Liens, exce▇▇ ▇▇ ▇▇▇cifically provided for therein for the Asset Purchase Price.
Subject Properties. The disclosure of confidential details concerning casinos for sale predominantly in the UK and also Globally that were not previously known to Party B and has requested Party A to disclose further details.
Subject Properties. The Projects identified on Schedule 1.1, Schedule 1.2 and Schedule 1.3 each satisfy the requirements for Subject Properties set forth in the definition of “Subject Properties”. The Subject Property Loan Documents prohibit (a) the Negative Pledge Properties from being included as Pledged Equity Properties and Pledged Distributions Properties, and (b) the Pledged Distributions Properties from being included as Pledged Equity Properties, and the applicable Assignor has pledged to Administrative Agent as Collateral all of the right, title and interest of such Assignor in and to the Capital Stock and Distributions that such Assignor is permitted to pledge under such Subject Property Loan Documents. Other than restrictions prohibiting Negative Pledge Properties and Pledged Distribution Properties from becoming Pledged Equity Properties, the Subject Property Loan Documents and the organizational documents of the direct and indirect owners of the Subject Properties do not prohibit, restrict or limit the pledge of the Collateral to Administrative Agent or the subsequent transfer or assignment of the Collateral, other than, (i) solely with respect to the Puerto Rico Properties known as the MetLife Properties, the requirement to deliver notice of any such subsequent transfer or assignment and a non-consolidation opinion to the lender under the Subject Property Loan Documents which encumber such Puerto Rico Properties in connection with any transfer or assignment (but not pledge) of the Collateral related to such Puerto Rico Properties, (ii) solely with respect to the Puerto Rico Properties known as the ▇▇▇▇ ▇▇▇▇▇▇▇ Properties, the requirement to satisfy the rating agency requirements under the Subject Property Loan Documents which encumber such Puerto Rico Properties in connection with any transfer or assignment (but not pledge) of the Collateral related to such Puerto Rico Properties, (iii) restrictions in certain Subject Property Loan Documents for Pledged Distribution Distributions Properties which prohibit such Pledged Distributions Properties from qualifying as Pledged Equity Properties, and (iv) those conditions to the subsequent transfer of the Pledged Equity Interests that are identified in Schedule 5.21 attached hereto and made a part hereof.
Subject Properties. A property will become subject to this Agreement upon Owner’s written notice (which may include electronic communication) to MODA that such property shall be subject to this Agreement. Any property that becomes subject to this Agreement is referred to individually as a “Property” and collectively as “Properties.” Owner shall provide such notice only with respect to Properties that are currently owned by Owner. At any time upon the request of MODA, Owner shall provide to MODA, in such form as may be reasonably requested by MODA, a written list of Properties subject to this Agreement, executed by Owner, which upon ▇▇▇▇’s execution of the same shall serve as an amendment to this Agreement. A Property may be removed from the scope of this Agreement by Owner’s delivery of at least 60 days’ prior written notice to MODA that such Property shall be removed from the scope of this Agreement. Upon the effectiveness of any such removal of a Property, MODA will no longer be obligated to provide any services under this Agreement with respect to such removed Property.
Subject Properties. ▇▇▇▇▇ agrees to purchase from Seller 5 parcels located in the County of ▇▇▇▇▇▇ and State of Minnesota (“Subject Properties”), to- wit: See attached Exhibit A.
Subject Properties. Subject Properties means all of EPI's interest in the oil and gas properties described in the Deed of Trust.
Subject Properties. (a) In order to ensure compliance with the requirements of Article 10, the Bound Recology Companies shall notify the City of any sale, transfer, conveyance, or assignment of a Subject Property, excepting any deed of trust, mortgage, or similar instrument granted by the Bound Recology Companies, within 30 days following the date of sale, transfer, conveyance, or assignment.
(b) The Bound Recology Companies shall report to the City all transfer tax payments made in San Francisco and in other counties and/or cities in connection with the sale, transfer, conveyance, or assignment of Subject Properties, including those paid by the seller and buyer.
(c) With the submission of FYE22 and FYE23 Audited Financial Statements to the Controller’s Office, the Bound Recology Companies shall submit a supplemental schedule of Subject Properties including any Transfers of Subject Properties over the reporting period of the Audited Financial Statement. This supplemental schedule shall include Agreed Upon Procedures (“AUP”) reviewed and approved by external auditors.
(d) With the submission of the RYE22B and RYE23 Annual Rate Reports, the SF Recology Companies shall submit a supplemental schedule of Subject Properties including any Transfers of Subject Properties over the reporting period of the applicable Annual Rate Report.
(e) All future rate applications must include a supplemental schedule of Subject Properties, updated to reflect any additions, Transfers, and related details of all Subject Property transactions, including gross property sale proceeds, Net Proceeds, transfer taxes paid by county as well as US Internal Revenue Code Section 1031 Like-Kind Exchange Investment Property documentation.
(f) Each supplemental schedule of Subject Properties, as described in subsections 4.2(c), (d), and (e) above shall include the associated costs for each Subject Property being charged to San Francisco ratepayers for the applicable reporting period. Each rate application and Annual Rate Report shall note if any Subject Property previously paid for, in whole or in part by San Francisco ratepayers, is no longer used in San Francisco operations and is available for potential Transfer.