Ground Lease Improvements definition

Ground Lease Improvements means all buildings, fixtures, and other improvements to the Real Property owned by MEDCO as reflected in the books and records of MEDCO.
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Ground Lease Improvements means the Building and other improvements constructed on the Ground Lease Land pursuant to the Ground Lease.
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Ground Lease Improvements shall have the meaning set forth in Section 2.1(f).
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Examples of Ground Lease Improvements in a sentence

  • An amount equal to Twenty Five Million Two Hundred Thousand and No/100 Dollars ($25,200,000.00) for the DFW Ground Lease Improvements.

  • PPJ Land LLC shall quitclaim unto Purchaser all of PPJ Land LLC’s its right, title and interest in and to the DFW Ground Lease Improvements free and clear of all Liens, other than those arising under, and otherwise such conveyance shall be subject to, the DFW Ground Lease.

  • This Agreement may not be assigned prior to the Closing by any party hereto without the prior written consent of the other party except that Purchaser may assign, in part, after receiving written consent from the Seller, its rights and obligations herein applicable to the Leases, Ground Lease Improvements and Owned Real Property to another entity, which may acquire title thereto and lease such Assets to Purchaser after the Closing.

  • Payment shall be made within 7 datys of delivery and acceptance of the goods/equipment.

  • MEDCO is the owner of (i) leasehold rights under and by virtue of the Ground Lease and, subject to the terms of the Ground Lease, is the owner of the Ground Lease Improvements, and (ii) certain tangible personal property located at the Real Property, all of which MEDCO owns, and which is operated by the Manager, under the tradename “Rocky Gap Lodge and Golf Resort” (the “Business”).

  • In the event that construction of any Ground Lease Property Improvements is delayed because of any Force Majeure Delays, the Initial Ground Lease Improvements Completion Date or the applicable Ground Lease Property Improvements Completion Date, as the case may be, shall be extended for the additional time caused by such Force Majeure Delays, without liability on the part of Developer.

  • MEDCO shall have provided satisfactory evidence of the release of the Leasehold Deed of Trust as well as the release or satisfaction of all other Encumbrances (other than Permitted Encumbrances) so that the interest of MEDCO in the Ground Lease, the Real Property, and the Ground Lease Improvements, as conveyed by MEDCO pursuant to the Assignment of Ground Lease and the Assignment of Ground Lease Improvements, shall be subject only to the legal operation and effect of the Permitted Encumbrances.

  • Xxxxxx, Esquire Exhibit C Form of Bxxx of Sale and Assignment of Ground Lease Improvements BXXX OF SALE AND ASSIGNMENT OF GROUND LEASE IMPROVEMENTS THIS BXXX OF SALE AND ASSIGNMENT OF GROUND LEASE IMPROVEMENTS is made August 3, 2012, by and between MARYLAND ECONOMIC DEVELOPMENT CORPORATION, a Maryland corporation (“MEDCO”) and EXXXXX RESORT, LLC, a Maryland limited liability company ( “Buyer”).

Related to Ground Lease Improvements

  • Leasehold Improvements means all buildings, structures, improvements and fixtures located on any Leased Real Property which are owned by Company or any Company Subsidiary, regardless of whether title to such buildings, structures, improvements or fixtures are subject to reversion to the landlord or other third party upon the expiration or termination of the lease for such Leased Real Property.

  • Site Improvements means any construction work on, or improvement to, streets, roads, parking facilities, sidewalks, drainage structures and utilities.

  • 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:

  • Tenant Improvements Defined in Exhibit B, if any.

  • Landlord Work means the work, if any, that Landlord is obligated to perform in the Premises pursuant to a separate agreement (the “Work Letter”), if any, attached to this Lease as Exhibit C.

  • 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.

  • Building Project means the aggregate combined parcel of land on a portion of which are the improvements of which the Premises form a part, with all the improvements thereon, said improvements being a part of the block and lot for tax purposes which are applicable to the aforesaid land.

  • 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.

  • Ground Leases Those certain leases with respect to real property that is a portion of the Leased Property, pursuant to which Landlord is a tenant and which leases have either been approved by Tenant or are in existence as of the date hereof and listed on Schedule A hereto.

  • Project Improvements means site improvements and facilities that are:

  • Substitute Improvements means the substitute or additional improvements of the Issuer described in Article V hereof.

  • Capital Improvement Project means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, appurtenances to roads and bridges to enhance the safety of animal-drawn vehicles, pedestrians, and bicycles, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities including real property, interests in real property, facilities, and equipment related or incidental to those facilities.

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • Capital Improvements mean the purchase, renovation, rehabilitation, or construction of permanent land, buildings, structures, equipment and furnishings used directly for or in the Project, and any goods or services for the Project that are purchased and capitalized under GAAP, including any organizational costs and research and development costs incurred in Illinois. Capitalized lease costs for land, buildings, structures or equipment shall be included in “Capital Improvements” only if the lease term, including any extensions or options to extend, equals or exceeds the term of this Agreement, and provided that such lease costs are valued at their present value using the corporate interest rate prevailing at the time the Company filed its Application with the Department.

  • Expansion Project has the meaning set forth in Section IV.3.a of this Agreement.

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Landlord’s Work means the work of constructing the Tenant Improvements.

  • Private Improvements means the improvements to be constructed on the Property that are not Public Improvements.

  • this Tenant Work Letter means the relevant portion of Sections 1 through 6 of this Tenant Work Letter.

  • Parking space leasing data means the following government data on an application for, or lease of, a parking space: residence address, home telephone number, beginning and ending work hours, place of employment, location of parking space, and work telephone number.

  • Leasehold condominium means a condominium in which all or a portion of the real estate is subject to a lease the expiration or termination of which will terminate the condominium or reduce its size.

  • Home improvement means the remodeling, altering,

  • Residential rental property means property that is used solely as leased or rented property for residential purposes. If the property is a space rental mobile home park, residential rental property includes the rental space that is leased or rented by the owner of that rental space but does not include the mobile home or recreational vehicle that serves as the actual dwelling if the dwelling is owned and occupied by the tenant of the rental space and not by the owner of the rental space.

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • Minimum Improvements means the acquisition of land and construction of a 152-unit market rate residential apartment building, construction of a stormwater pond and related improvements. The Minimum Improvements are more fully depicted in Exhibit B, which is attached hereto and incorporated herein.

  • Tenant Work All work installed or furnished to the Premises by Tenant in connection with Tenant’s initial occupancy pursuant to Rider 2 and the Workletter.