Closed Property definition

Closed Property means the property at Birmingham Star City listed as a closed property and short particulars of which are set out in part 5 of schedule 8;
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Closed Property means Seller's fee or leasehold interest in all those certain identified tracts or parcels of land ("Parcels") with the buildings ("Buildings"), and all other improvements erected on the Parcels and fixtures and equipment attached thereto, including, without limitation, the existing teller counters, drive-through facilities and equipment, safe deposit boxes (unless removed by Seller as permitted by Section 3 hereof), bank vaults and the wiring for the security systems, and all building, plans, licenses and permits to the extent transferrable, and warranties and guaranties to the extent transferable, together with all rights, privileges, tenements, hereditaments, rights of way, easements, appendages and appurtenances of such land. Excluded as part of a Closed Property are the following: (a) the Automated Teller Machine ("ATM") machines connected to or located within the Buildings or situated as freestanding structures on the Parcels, (b) alarms and security equipment, telecommunication equipment, computers, computer terminals and computer equipment, supplies, documents, records, cash, coin and signage (including pylons, but excluding pylon base poles and foundations), (c) any office equipment (whether leased or owned) located in the Buildings including, without limitation, furniture, furnishings and artwork, and (d) any personal property belonging to any tenant occupying any portion of the Closed Property.
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Closed Property means any real property (including buildings, improvements and appurtenant structures thereto) (i) owned or leased by an Acquired Company, Asset Seller or predecessor in interest thereof and (ii) used in the operation of the Business prior to, but not on or after, the Closing Date;
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Examples of Closed Property in a sentence

  • The obligations of Tenant under this clause (B) with respect to Additional Rent (other than real estate taxes so prorated) due after the Termination Date shall survive any such termination of this Lease as to the Closed Property.

  • The foregoing Dark Period restriction shall survive Settlement on each Closed Property, shall survive the expiration or earlier termination of this Agreement and shall constitute a covenant running with the Closed Property for the benefit of Seller and its successors and assigns.

  • If a condemnation proceeding is instituted against a Closed Property or any portion thereof, or if a Closed Property is substantially damaged by fire or other casualty, prior to Settlement, Purchaser may terminate this Agreement as to such Closed Property upon written notice to Seller, whereupon the parties shall have no further liabilities or obligations hereunder with respect to such Closed Property, but this Agreement shall continue in full force and effect as to the remaining Closed Properties.

  • Seller shall indemnify, defend and hold Purchaser harmless from and against all claims for payment by such contractors for services with respect to such Closed Property rendered prior to the date of the Settlement for such Closed Property.

  • From time to time and at the request of either Seller or Purchaser (whether before, at or after the Settlement for a Closed Property), the other party shall execute, acknowledge and deliver such other and further documents as the requesting party may reasonably request to effectuate the provisions of this Agreement.

  • At each Settlement, Purchaser and Seller shall adjust for real estate taxes and assessments on the Closed Property, municipal water and sewer charges, fuel, utility charges, rent, and lease liabilities, such adjustments to be calculated as of 11:59 PM on the day immediately preceding Settlement.

  • In the event this Agreement is terminated prior to the Settlement on a Closed Property, Purchaser will return to Seller any documents and other materials received from Seller with respect to such Closed Property.

  • If Settlement takes place as to such Closed Property, all other requirements and notices shall be complied with by Purchaser and all other work or improvements done or ordered done shall be performed and paid for Purchaser.

  • Prior to the Settlement, Seller shall have paid all service providers under the service and maintenance contracts for the Closed Property for services rendered up to the day prior to the Settlement.

  • Prior to Settlement, this Agreement shall not be deemed or construed to give Purchaser any equitable ownership of, or title to, any Closed Property, Fee Property or Leasehold Property.

Related to Closed Property

  • Foreclosed Property The Property or other Collateral securing the Mortgage Loan, title to which has been acquired by the Special Servicer on behalf of the Trust and the Companion Loan Holders through foreclosure, deed in lieu of foreclosure or otherwise in the name of the Trustee or its nominee.

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Closing Date pursuant to Section 5.11(c) or 4.02.

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Qualified property has the meaning set forth in Section 313.021(2) of the TEXAS TAX CODE and as interpreted by the Comptroller’s Rules and the Texas Attorney General, as these provisions existed on the Application Review Start Date.

  • Specified Property means property for which an election has been made for a special elective benefit.