Development Lease (Office Condominium) definition

Development Lease (Office Condominium) means that interest in the Development Lease assigned by Original Tenant to Assignor as the same pertains only to the Office Condominium.
Sample 1

Examples of Development Lease (Office Condominium) in a sentence

  • Without limiting the generality of any other provision of this Agreement, Assignee's covenants and obligations contained in this Section 12 shall survive Closing and shall be deemed a continuing obligation of Assignee and its successors and assigns and shall not merge with the Assignment and Assumption of Development Lease (Office Condominium) or any other documents delivered at the Closing.

  • Assignee shall be responsible for payment of any GPLET under the Development Lease (Office Condominium) commencing at such time as said abatement of GPLET shall expire, all in accordance with the terms and provisions of the Development Lease (Office Condominium).

  • The rent payable to the City pursuant to the Development Lease (Office Condominium) shall be pro-rated as of the Closing Date and Assignee shall be responsible for all rent (and other amounts) payable pursuant to the Development Lease (Office Condominium) following the Closing Date.

  • Assignor shall pay any and all costs, fees and other charges (if any) imposed by the City of Phoenix in connection with the assignment of the Development Lease (Office Condominium) from Assignor to Assignee.

  • The First Sale Payment (as defined by the Development Lease) payable to the City of Phoenix pursuant to the Development Lease (Office Condominium) in the amount of $25,000, in respect of the assignment and assumption of the Office Condominium shall be paid in full by Assignor at Closing.

  • Assignor and Assignee shall cooperate to prepare and timely submit any required filings, with the applicable governmental entities, in respect of the Development Lease (Office Condominium) for the tax year in which the Closing occurs and, as and when applicable, Assignee shall be responsible for any government property lease excise tax (“GPLET”) payable in respect of the Development Lease (Office Condominium) following the Closing Date.

Related to Development Lease (Office Condominium)

  • Condominium Project Real estate including the separate ownership in fee, or on a satisfactory leasehold estate, of a particular residential unit with an indivisible interest in the real estate designated for common ownership strictly by unit owners.

  • Redevelopment Agreement means an agreement between the

  • Condominium Declaration means the Declaration of Condominium for NetApp RTP Phase I Condominium recorded in Book 012647, Page 01310, Wake County, North Carolina Registry.

  • Urban renewal project means undertakings and activities of a municipality in an urban renewal area for the elimination and for the prevention of the development or spread of slums and blight, and may involve slum clearance and redevelopment in an urban renewal area, or rehabilitation or conservation in an urban renewal area, or any combination or part of them in accordance with an urban renewal plan. These undertakings and activities may include:

  • Redevelopment Area means the community redevelopment area described, defined or otherwise identified or referred to in the Redevelopment Plan.

  • Condominium Plan means a plan described in Section 4285.

  • Condominium means a common interest community in which portions of the real estate are designated for separate ownership and the remainder of the real estate is designated for common ownership solely by the owners of those portions. A common interest community is not a condominium unless the undivided interests in the common elements are vested in the unit owners.

  • Redevelopment project means any work or undertaking

  • Operating Lease means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any Property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Redevelopment Commission means the Fishers Redevelopment Commission.

  • Development Site means any parcel or lot on which exists or which is intended for building development other than the following:

  • Condominium unit A Single Family Property within a Condominium Project.

  • Redevelopment Contract means this redevelopment contract between the Authority and Redeveloper with respect to the Project.

  • Project Land means any parcel or parcels of land on which the project is developed and constructed by a promoter;

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • Development Consent means the consent granted to the Development Application for the Development and includes all modifications made under section 4.55 of the Act.