DOCPROPERTY DocID" \* MERGEFORMAT 22518942.2 238213-10001
Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.
Mortgaged Property shall have the meaning assigned to such term in the recitals.
Excluded Property shall have the meaning set forth in the Security Agreement.
Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Closing Date pursuant to Section 5.11(c) or 4.02.