Affected Properties definition
Examples of Affected Properties in a sentence
SANRAL has made provision for access to Affected Properties, which prior to the execution of the Road Development enjoyed formal access to the road, by establishing alternative accesses, Access Roads and/or access servitudes as indicated on the Road Development Plan and Annexure A.
Upon a Loan Splitting, the principal amount of the Loan shall be reduced by an amount equal to the aggregate Allocated Loan Amounts of the Affected Properties (the “New Note Amount”), and the original principal amount of the Split Loan, as evidenced by the New Note, shall be equal to the New Note Amount.
As a result of the execution of the Road Development, businesses which operate from Affected Properties may not enjoy the same access or exposure as previously.
In the event of any inconsistencies between the provisions of this Agreement on the one hand and the Senior Loan Agreement or any Junior Loan Agreement on the other hand with respect to the uncrossing of Affected Properties, the provisions of this Agreement shall control.
Subsequent to the release of the Affected Properties from the lien of the Loan pursuant to this Section 9.1.3, the balances of the components of the Loan shall be the same as they would have been had a prepayment occurred in an amount equal to the applicable Allocated Loan Amount of the Affected Properties, and such prepayment had been applied pro rata to all remaining payments.