Ground Lease Property definition

Ground Lease Property means, in respect of any Person, any Land, Improvement or Appurtenance of such Person that is subject to a Ground Lease.

Ground Lease Property means, individually and collectively, as the context requires, each Individual Property that is demised by one of the Ground Leases.

Ground Lease Property means, collectively, each Individual Property of which Mortgage Borrower is a tenant under a Ground Lease.

Examples of Ground Lease Property in a sentence

• Landlord shall have received a Ground Lessor Estoppel Certificate and, if applicable, a Fee Mortgagee Estoppel Certificate, for each Ground Lease Property.

• Any such certificate may be relied upon by any actual or prospective mortgagee, assignee, sublessee or purchaser of the Premises and Ground Lease Property.

• Lessee acknowledges that Lessor shall execute and deliver one or more mortgages with respect to its interest in the Premises and Ground Lease Property (each a "Mortgage") in order to secure Permitted Financing and, in connection therewith, shall assign its interest in and to this Lease.

• No such assignment or lease of the Premises or sub-sublease of the Ground Lease Property shall modify or limit any right or power of Lessor hereunder or affect or reduce any obligation of Lessee hereunder and all such obligations shall continue in full effect as obligations of a principal and not of a guarantor or surety, as though no assignment or leasing had been made.

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More Definitions of Ground Lease Property

Ground Lease Property means each real property demised by a Ground Lease.

Ground Lease Property shall have the meaning set forth in the Loan Agreement (Mortgage).

Ground Lease Property means the part of the Property which is the subject premises of the Ground Lease, being the real and personal property demised to Borrower pursuant to the Ground Lease.

Ground Lease Property means any land, improvements and appurtenances subject to a Ground Lease in favor of Seller.

Ground Lease Property means any of them.

Ground Lease Property means the real property demised by the Ground Leases.

Ground Lease Property has the meaning set forth in recitals hereto.