Individual Property definition

Individual Property means each parcel of real property, the Improvements thereon and all Personal Property owned by Mortgage Borrower and encumbered by a Mortgage, together with all rights pertaining to such Property and Improvements, as more particularly described in each Mortgage and referred to therein as the “Property”.

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

Individual Property means, individually, any one of the properties identified on Schedule II and encumbered by the Mortgage in respect of such property and, with respect to each such property, the Improvements, all Fixtures, all Equipment, all FF&E and all personal property owned by Mortgage Borrower and encumbered by a Mortgage, together with all rights pertaining to such property and Improvements, as more particularly described in the Granting Clauses of each Mortgage and referred to therein as the “Property”.

Examples of Individual Property in a sentence

• To the best of Bxxxxxxx’s knowledge, all roads necessary for the use of each Individual Property for its current purposes have been completed and dedicated to public use and accepted by all Governmental Authorities.

• If any portion of any Individual Property is taken by a condemning authority, Bxxxxxxx shall promptly commence and diligently prosecute the Restoration of the Property pursuant to Section 6.4 hereof and otherwise comply with the provisions of Section 6.4 hereof.

• Borrower shall promptly give Lender notice of the commencement of any proceeding for the Condemnation of any Individual Property (or any portion thereof) as reasonably practicable after Bxxxxxxx becomes aware of such Condemnation and shall deliver to Lender copies of any and all papers served in connection with such proceedings.

• To the best of Borrower’s knowledge, all public utilities necessary or convenient to the full use and enjoyment of each Individual Property are located either in the public right of way abutting the applicable Individual Property (which are connected so as to serve the applicable Individual Property without passing over other property) or in recorded easements serving and appurtenant to the applicable Individual Property.

• Borrower shall continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of each Individual Property.

More Definitions of Individual Property

Individual Property means each parcel of real property listed on Schedule III attached hereto, the Improvements thereon and all personal property owned by the related Borrower and encumbered by a Mortgage, together with all rights pertaining to such property and improvements as more particular described in the granting clauses of such Mortgages.

Individual Property means, with respect to each individual property described on Exhibit C attached hereto, “Property” as defined in the related Mortgage for such individual property.

Individual Property means each parcel of real property, the Improvements thereon and all personal property owned by Borrower and encumbered by a Security Instrument, together with all rights pertaining to such property and Improvements, as more particularly described in the granting clauses of each Security Instrument and referred to therein as the "Property"; a list of all Individual Properties on the date hereof appears on Schedule I attached hereto.

Individual Property and “Individual Properties” shall mean, from time to time, all real estate property owned or ground leased by any Consolidated CRT Entity or any Unconsolidated CRT Entity, together with all improvements, fixtures, equipment, and personalty relating to such property.

Individual Property means each parcel of real property, including any Release Property or Penn Traffic Release Property prior to its release or any Substitute Property or Penn Traffic Substitute Property upon substitution, the Improvements thereon and all Personal Property owned by Mortgage Borrower and encumbered by a Security Instrument, together with all rights pertaining to such Property and Improvements, as more particularly described in Article 1 of each Security Instrument and referred to therein as the “Property.”

Individual Property and “Individual Properties” shall mean, from time to time, all real estate property owned or ground leased by the Borrower or any Subsidiary Guarantor, together with all improvements, fixtures, equipment, and personalty relating to such property.

Individual Property means, individually, any one of the properties identified on Schedule II (it being the Improvements thereon and all Fixtures and all Equipment, FF&E and personal property owned by Mortgage Borrower and encumbered by a Mortgage, together with all rights pertaining to such property and Improvements, as more particularly described in the Granting Clauses of each Mortgage and referred to therein as the “Property”. For all purposes herein and in the other Loan Documents and to the extent not prohibited by the Ground Lease, the premises leased by Ground Lease Subsidiary or Borrower, as applicable, under the Ground Lease shall constitute a part of the Individual Property known as “Xxxxxx’x Lake Tahoe”, “Xxxxxx’x Lake Tahoe” and “Bill’s Lake Tahoe”, except that such ground leased premises shall not be subject to a lien of a Mortgage or an Operating Lease unless and until required pursuant hereto, the Mortgage Loan Agreement or pursuant to the Ground Lease Side Letter.