Initial Property definition
Initial Property shall have the respective meanings ascribed thereto in Recital C.
Initial Property means each of the real properties set out opposite the respective Initial Property Company which is the owner of such real property in Part I of Schedule 1 (Property Companies and Properties).
Initial Property means the Tract 1 Property, the Tract 2 Property, the Tract 3 Property and the Tract 5 Property.
Examples of Initial Property in a sentence
Borrower shall use, and shall cause the Subsidiary Guarantor to use, the proceeds of the Initial Advance (i) to acquire the Initial Property, (ii) to make deposits into the Reserve Funds on the Closing Date in the amounts provided herein, (iii) to pay costs and expenses incurred in connection with the closing of the Loan, as approved by Administrative Agent, and (iv) to fund any working capital requirements of the Initial Property.
More Definitions of Initial Property
Initial Property means any of such Hotel Properties.
Initial Property means the property specified in Schedule One hereof;
Initial Property means the real property described in Exhibit A hereto at the time this
Initial Property means a 10,574 square-foot two-storey commercial real estate property located at 135 Main Street in Moncton, New Brunswick;
Initial Property shall have the meaning set forth in the Recitals.
Initial Property means the real estate as described in Exhibit A attached hereto and incorporated herein by reference.
Initial Property means a property listed in Part II of Schedule 1 (The Original Parties and Properties) and, where the context so requires, includes the buildings on that Property.