Office Property definition

Office Property means a Property improved with a building or buildings the substantial use of which is office space, which may include a Property that is part of a Mixed-Use Project.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Office Property means any Property which constitutes primarily commercial office space other than a Parking Property.

Office Property means, at any time, a building or real property in Canada in which not less than 50% of the GLA is used or is reasonably capable of being used as office space.

Examples of Office Property in a sentence

• Notwithstanding the foregoing, in the event that a tenant of a City Office Property hires a third-party leasing broker to solicit proposals for a new lease and the Advisor or a Bound Party is contacted by such broker in relation to a Managed Property, the Advisor or such Bound Party shall promptly notify the Independent Directors of such proposal, following which the Company shall be entitled to respond to such proposal or sign a lease with such tenant for a Managed Property.

• The term "Territory" for purposes of this Agreement shall --------- mean the area within a thirty (30) mile radius of any Industrial or Office Property that Weeks or a Weeks Affiliate has developed, operated, managed, leased, constructed, or landscaped, or is in the process of developing, operating, managing, leasing, constructing or landscaping, or has entered into a binding, written agreement to do so on the effective date of this Agreement.

• At the request of any Committee Representative appointed by Whitehall, WCPT shall deliver to Whitehall copies of all additional information and documents concerning such Office Property which are reasonably available to WCPT and are reasonably necessary for Whitehall to evaluate whether such Office Property is a suitable and desirable investment for the Company or one of its Subsidiaries, including all third-party reports and internal analyses or investment memoranda.

• For purposes of the first sentence of this Section 4.2(a)(ii), the direct or indirect ownership by WCPT or any of its Affiliates (including WRP) of any indebtedness or debt security which (1) is secured by one or more Office Properties, and (2) when added to any senior and pari passu debt secured by such Office Property, had a loan-to-value ratio in excess of ninety percent (90%) at the time of origination shall constitute ownership of an Office Property by WCPT and a breach of this Section 4.2(a)(ii).

• Purchaser has received access to copies of all deeds, title insurance policies, surveys, Permits and Phase I environmental reports relating to or otherwise affecting the Owned Office Property to the extent in the Company’s possession or control.

More Definitions of Office Property

Office Property means any Real Property that is an office building and any related parking facility.

Office Property means all Assessor’s Parcels of Developed Property used as offices, including medical and dental offices and office condominiums, according to Assessor’s Data or as otherwise known to the CFD Administrator.

Office Property means a Property improved with, and from which at least 80% of the rental income is derived from the use of such Property as, office space.

Office Property means all Assessor’s Parcels of Developed Property for which a building permit(s) permitting the construction of one or more non-residential facilities has been issued by the City which are, or are expected by the City to be, primarily used for: professional/medical offices, or for any other uses that are consistent with office land use designations, as determined by the City.

Office Property. A real property with office rental units (including mixed use office/multi-family and office/retail) as to which the majority of the underwritten revenue is from office rental units.

Office Property means any office building property, including, without limitation, a research and development facility or a mixed-use complex, not less than 40% of the rentable square footage of which is used for offices and/or research and development space.

Office Property means any land, together with all buildings, structures, improvements, and fixtures located thereon, and all easements and other rights and interests appurtenant thereto, that will be either owned or Leased by the Company as of the Closing, for purposes of operating and maintaining a corporate office in the Area.