Optioned Property definition

Optioned Property. – means all of Owner’s right, title and interest (which in- cludes fee simple title to the real property) in and to all property and assets used in or otherwise related to the operation of the Project including, without limitation, all real property and interests in real property, all tangible and intangible personal property including furniture, fixtures, equip- ment, supplies, intellectual property, licenses, permits, approvals, and contractual rights of any

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Optioned Property shall have the meaning set forth in Section 23.01 hereof.

Optioned Property shall have the meaning assigned thereto in Section 8.17.

Examples of Optioned Property in a sentence

• The Optioned Property shall be conveyed free and clear of all loans, and shall be subject only to the applicable Occupancy Agreements, to Permitted Encumbrances, and to all matters occurring subsequent to the date hereof that would be disclosed by an accurate survey, title search, and inspection of the Premises.

• At Closing upon payment of the Option Price, title to the Project shall be conveyed by a limited warranty deed in recordable form executed by the Lessee, title to the Equipment shall be conveyed by a bill of sale containing limited warranties of title, this Ground Lease shall terminate as to the Optioned Property and the Lessee's interest in applicable Occupancy Agreements shall be conveyed by an assignment thereof containing limited warranties of title.

• The closing of the transfer of the Lessee's right, title and interest in and to the Optioned Property (the "Closing") shall be held on or before the date that is ninety (90) days after the date of the Exercise Notice, on such date and at such time and place as the Lessor and the Lessee shall agree.

• If the Optioned Property shall be less than the entire Premises, then the Lessor and the Lessee shall execute an amendment to this Ground Lease at such closing amending the definition of the Premises.

• The Lessor may exercise such option to purchase the Lessee's right, title and interest in and to the Optioned Property by delivering written notice (the "Exercise Notice") of such exercise to the Lessee, which Exercise Notice shall either state that the entirety of the Project is being purchased or identify with a metes and bounds description or lot and block description of the Optioned Property that Lessee desires to purchase.

More Definitions of Optioned Property

Optioned Property means the Facility and the Board’s interest in the Leased Lands upon which the Facility is which is the subject of a Declaration;

Optioned Property means all of Owner’s right, title and interest (which includes fee simple title to the real property) in and to all property and assets used in or otherwise related to the operation of the Project including, without limitation, all real property and interests in real property, all tangible and intangible personal property, including furniture, fixtures, equipment, supplies, intellectual property, licenses, permits, approvals, and contractual rights of any kind or nature, together with the right to own and carry on the business and operations of the Project.

Optioned Property means, with respect to any Receivable, the real property (a) which is the subject option investment upon which the Borrower, the Trust and/or the applicable Originator has relied in its underwriting of such Receivable, (b) in which the Trust is the owner (as successor-by-assignment to the applicable Originator thereof) of an option interest pursuant to the terms and provisions of the option purchase agreement, home equity contract, or other similar agreement executed in conjunction therewith, and (c) encumbered by the Receivable Instruments executed in conjunction with such Receivable.

Optioned Property means the real property Buyer has an option to purchase pursuant to the Option Agreement.

Optioned Property has the meaning given to it in Section 5.1(1).

Optioned Property means the land more particularly described on Schedule 6.12 annexed hereto with all buildings, structures, improvements or other real property of any kind or nature whatsoever situated thereon, and all appurtenant and ancillary rights thereto, including, without limitation, easements, covenants, water rights, sewer rights and utility rights.

Optioned Property means the portion of the Property subject to the Option Agreement.