Deferred Property definition

Deferred Property has the meaning given in Section 5.3.
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Deferred Property shall have the meaning set forth in Section 2.5(d) below.
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Deferred Property shall have the meaning set forth in Section 14.2.
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Examples of Deferred Property in a sentence

  • If Seller cures any Title Defect within the Cure Period, then the Closing with respect to the Closing Deferred Property for which such Title Defect has been cured will proceed and will be finalized within seven (7) days following the end of the Cure Period.

  • If Buyer does not elect to waive an existing Title Defect, Seller shall retain the Closing Deferred Property and the Parties shall have no further obligation with respect thereto.

  • The “Allocated Deposit” shall for each Deferred Property be the amount equal to the Deposit multiplied by the fraction of (x) the Allocated Asset Value of such Deferred Property over (y) the Initial Purchase Price.

  • In this event, Buyer shall have the right to elect by written notice to Seller, which notice shall be delivered within seven (7) days after receipt by Buyer of Notice from Seller of such failure or refusal to cure any such Title Defect, to waive all of the Title Defects applicable to any Closing Deferred Property (which waived Title Defects shall be deemed Permitted Encumbrances) and proceed to Closing on such Closing Deferred Property.

  • If the Reletting Costs have not been determined by the date that is two (2) days prior to the Scheduled Closing Date, then the Acquired Property that suffered the Significant Casualty shall be deemed to be a Deferred Property subject to Section 13.1 below and the applicable Deferred Closing Date shall be the date that is five (5) Business Days after the date that the Reletting Cost has been determined.

  • Buyer shall be entitled to use the trademarks, trade names, service marks, service names, logos, and similar proprietary rights of Seller with respect a Deferred Property in accordance with the provisions of the Interim Systems Management Agreement entered into with respect to such Deferred Property.

  • If the Reletting Costs have not been determined by the date that is two (2) days prior to the Scheduled Closing Date, then the Acquired Property that suffered the Significant Taking shall be deemed to be a Deferred Property subject to Section 13.1 below and the applicable Deferred Closing Date shall be the date that is five (5) Business Days after the date that the Reletting Cost has been determined.

  • In the event that Seller has not delivered any Ground Lease Estoppel deliverable required under Section 2.4(a)(vii) above with respect to any Acquired Property that is subject to a Ground Lease, then such Acquired Property shall be deemed to be a Deferred Property subject to Section 13.1 above, and the Deferred Closing Date with respect thereto shall be the date that is five (5) Business Days after Seller delivers such Ground Lease Estoppel in accordance with Section 2.4(a)(vii).

  • If Buyer does not elect to waive an existing Title Defect, Seller shall retain the affected Closing Deferred Property and the Parties shall have no further obligation with respect thereto.

  • The provisions of this Section 3.7.1 shall be subject to any contrary provisions of any Systems Management Agreement entered into pursuant to Section 5.3 with respect to a Deferred Property.


More Definitions of Deferred Property

Deferred Property means any Transferred Property that is determined to be a Deferred Asset pursuant to, and in accordance with, Section 7.1(a).
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Deferred Property is defined in Section 4.2(a)(iv).
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Deferred Property means each Property with respect to which the Seller has elected, pursuant to the terms hereof, to cure or restore a Material Adverse Matter or an event or condition giving rise to a Value Diminution, whether such cure or restoration is effected before or after the Closing and whether the sale and purchase of such Deferred Property occurs at or after the Closing.
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