Original Properties definition

Original Properties means the Americana Lakewood apartments, the Emerald Pointe apartments, the Sedona apartments and the Quadrangles Village apartments (or any property the federal income tax basis of which is determined in whole or in part by reference to the basis of the foregoing).

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Original Properties means those self-storage facilities (including, without limitation, all land, improvements and other property, and all fixtures and personal property, comprising each such property, respectively) to be transferred to the Company pursuant to the Contribution Agreement and the Purchase Agreements.

Original Properties means the real property secured with Mortgages dated prior to the New Closing Date, as described in greater detail in the applicable Mortgages, together with all buildings and other improvements thereon (other than leasehold improvements that are the property of a Tenant under a Lease at a Property) and all personal property owned by Borrower and encumbered by the Mortgages, together with all rights pertaining to such property.

Examples of Original Properties in a sentence

• The General Partner shall use all commercially reasonable efforts in disposing of any of the Original Properties to structure such transaction as one or more Section 1031 Exchanges.

• For purposes of Regulations Section 1.752, the Partners agree that $12,000,000 of the Partnership debt secured by the Original Properties at the Closing shall be allocated to Eden as a result of Eden's guaranty of $12,000,000 of such debt, which guaranty is nonrecourse to the partners and members of Eden; provided, however, that nothing contained herein shall preclude amortization of such debt in accordance with the applicable loan documents.

• All of the provisions of the Agreement requiring Seller to deliver title, survey, certificates of occupancy, leases, estoppel certificates and all other due diligence deliveries and closing documents shall apply to the FAYETTE Properties in the same manner as applied to the Original Properties and all of Seller's representations, warranties, obligations and indemnities under the Agreement shall also apply to the FAYETTE Properties.

• Likewise, all of Purchaser's rights of inspection, representations, warranties, obligations and indemnities under the Agreement shall apply to the FAYETTE Properties in the same manner as applied to the Original Properties, including Newnan.

• Notwithstanding the foregoing, Storage agrees that, for so long as both Storage and Investor are Members of the Company, neither Storage nor its Affiliates shall initiate directly or indirectly the development of any new self-storage facilities within a three mile radius of any of the Original Properties, except that the limitation shall apply only within a one and one-half mile radius of the Original Properties, listed on Schedule 4.16(a).

More Definitions of Original Properties

Original Properties means those properties and assets described in the Conveyance that have been contributed to the Partnership by the Original Limited Partners as described in Section 4.2(a).

Original Properties means the NYC Properties, the Avis Property and the Brooklyn Property.

Original Properties means the real property identified as the “Original Properties” on the Property List, as described in greater detail in the applicable Mortgages, together with all buildings and other improvements thereon (other than leasehold improvements that are the property of a Tenant under a Lease at a Property) and all personal property owned by Borrower and encumbered by the Mortgages, together with all rights pertaining to such property.

Original Properties means each of the freehold and leasehold properties individually identified in Schedule 2;

Original Properties means substantially all of the assets of the Partnership (other than cash and cash equivalents), subject to all of its liabilities, all as described in the Participation Agreement.

Original Properties means (i) the Drever Interests; (ii) any real property interests owned by the Drever Partnerships on the Effective Date; (iii) all properties received in transactions described in Section 7.3(c)(ii) hereof; and (iv) all interests received in transactions described in Sections 7.3(c)(iii) and (iv) hereof.

Original Properties means those certain assets of the Transferors, all as described in the Conveyance Agreement, interests in which are to he contributed to the Partnership by the Transferors on behalf of themselves and the General Partner pursuant to Article IV