Initial Properties definition

Initial Properties means collectively the Properties listed on Schedule 1.1 and “Initial Property” means any of such Properties.

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Initial Properties means collectively the Hotel Properties listed on ------------------ Schedule 1.01(b), and "Initial Property" means any of such Hotel Properties. ----------------

Initial Properties means the portfolio of 425 properties totaling approximately 35.3 million square feet of GLA, comprising 415 retail properties, nine warehouse properties and one office complex that the Trust indirectly acquired through the Partnership in connection with its initial public offering in 2013, and “Initial Property” means any one of them.

Examples of Initial Properties in a sentence

• As of the Closing Date, the Borrower represents to the Lenders and the Administrative Agent that the Initial Properties qualify as Eligible Properties and that the information provided on Schedule 1.1 is true and correct.

• As of the Closing Date, the Borrower represents and warrants to the Lenders and the Administrative Agent that the Initial Properties qualify as Eligible Properties and that the information provided on Schedule 1.1 is true and correct in all material respects.

• All public utilities necessary to the use and enjoyment of each of the Initial Properties in the manner described in the Prospectus is located either in the public right-of-way abutting such Initial Property (which are connected so as to serve such Initial Property without passing over other property) or in recorded easements serving such Initial Property, subject to such exceptions which, singly or in the aggregate, would not have a Material Adverse Effect.

• As more fully set forth therein, the Addenda supplement the terms and conditions of the Option Agreement and Construction Agreement and otherwise set forth the terms and conditions applicable to the Initial Properties.

• As to any Pool, ▇▇▇▇▇▇’s Total Payment Obligation (as defined below) for Initial Properties shall not at any time exceed Fifty Million Dollars ($50,000,000) (the “Initial Pool Payment Obligation Limit”).

More Definitions of Initial Properties

Initial Properties means the interests in a portfolio of 27 income-producing properties, comprised of 26 retail, office and industrial properties and one land lease community, which were indirectly acquired by the REIT concurrently with the completion of the IPO.

Initial Properties means those properties listed in Exhibit B hereto.

Initial Properties means the portfolio of 256 properties, consisting of 255 retail properties across Canada and one Industrial Property that CT REIT indirectly acquired through the Partnership from CTC on October 23, 2013 in connection with the Initial Public Offering.

Initial Properties means the properties and assets to be acquired by the Corporation from the Vendors pursuant to the Sale Agreement;

Initial Properties means the portfolio of 26 commercial properties located in Ontario, Saskatchewan, Alberta and British Columbia totaling approximately 958,000 square feet of GLA that the REIT indirectly acquired through the Partnership in conjunction with closing of the IPO, and “Initial Property” means any one of them.

Initial Properties means the 14 properties acquired by the REIT pursuant to the IPO.

Initial Properties means the 27 income-producing office, industrial, and retail properties acquired by the REIT from the Manager in connection with the IPO, as further described herein.