Ground Leased Property definition

Ground Leased Property means each Transferred Asset identified as being subject to a Ground Lease on Schedule A attached hereto.

Ground Leased Property. The real property leased pursuant to the Ground Leases.

Ground Leased Property means, individually and/or collectively (as the context requires), all or any portion of any Individual Property that is subject to a Ground Lease.

Examples of Ground Leased Property in a sentence

• In the appraisal delivered to Lender on or prior to the Closing Date, no value was attributed to the Ground Leased Property covered by the San Antonio Ground Lease.

• This Master Lease, to the extent affecting and solely with respect to the Ground Leased Property, is and shall be subject and subordinate to all of the terms and conditions of the Ground Lease.

• The Portsmouth Ground Lease and the Portsmouth Condominium Documents generally require that the net proceeds be used to repair and reconstruct the improvements on the Ground Leased Property covered by the Portsmouth Ground Lease.

• Any amounts remaining in the Ground Lease Reserve Fund after the Debt has been paid in full or after the Ground Leased Property has been released in accordance with the terms hereunder, shall be returned (x) in the event the Mezzanine Loan is outstanding, to Mezzanine Lender to be applied in accordance with the Mezzanine Loan Agreement, or (y) in the event that the Mezzanine Loan is paid in full, to Borrower.

• The Ground Lease permits the interest of Ground Lease Borrower to be encumbered by a mortgage or the Ground Lessor has approved and consented to the encumbrance of the Ground Leased Property by the applicable Security Instrument.

More Definitions of Ground Leased Property

Ground Leased Property means those certain Individual Properties demised by each of the Ground Leases.

Ground Leased Property means that certain Individual Property demised by a Ground Lease.

Ground Leased Property. The real property leased pursuant to the Ground Leases. There is no Ground Leased Property as of the Second Amendment Date.

Ground Leased Property. The real property leased pursuant to the Ground Leases. The Ground Leased Property in respect of the Ground Lease in existence as of the Commencement Date is described in Exhibit E attached hereto.

Ground Leased Property shall have the meaning set forth in Section 2.8(a).

Ground Leased Property. As defined in Section 1.4(a).

Ground Leased Property means those two (2) certain properties in Nueces County, Texas, subject to ground leases from Texas A&M University, containing 7.494 and 4.841 acres, respectively, and commonly known as Miramar Phase I Apartments and Miramar Phase II Apartments, respectively.