Assumption Properties definition

Assumption Properties means all Properties identified as Assumption Properties on the Seller Information Schedule.
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Examples of Assumption Properties in a sentence

  • At the Closing, subject to Purchaser’s obligations under ARTICLE 5, Purchaser shall receive a credit against the Base Purchase Price of each of the Assumption Properties in the amount of the outstanding principal balance and all accrued and unpaid interest (if any) thereon, of the applicable Assumed Loan as of the Closing Date.

  • The Assumed Encumbrances for each of the Assumption Properties, together with the underlying Notes and any other documents executed by the Assumption Sellers are collectively referred to herein as, the “Assumed Loan Documents”.

  • Purchaser recognizes and agrees that each of the Assumption Properties is presently encumbered by a Deed of Trust and certain other security and related documents (collectively, the “Assumed Encumbrances”) in connection with loans made to the Assumption Sellers by the applicable Assumption Lender set forth on the Seller Information Schedule.

Related to Assumption Properties

  • Common Properties means and refer to those areas of land shown on any recorded subdivision plat of The Properties and intended to be devoted to the common use and enjoyment of the owners of The Properties.

  • Real Property Interests means all interests in real property of whatever nature, including easements and servitudes, whether as owner or holder of a Security Interest, lessor, sublessor, lessee, sublessee or otherwise.

  • Real Properties means, at any time, a collective reference to each of the facilities and real properties owned, leased or operated by the Consolidated Parties at such time.

  • Subject Properties has the meaning specified in Section 5.13(a).

  • Initial Properties means collectively the Properties listed on Schedule 1.1 and “Initial Property” means any of such Properties.