Owned Properties definition

Owned Properties has the meaning set forth in Section 3.16.

Owned Properties means all Land owned by the Secured Companies from time to time, specifically including as at the date of this Agreement the Land described in Schedule 6.01(j) attached hereto.

Owned Properties shall have the meaning given to that term in Section 4.01(z).

Examples of Owned Properties in a sentence

• There is no option or other agreement (written or otherwise) or right in favor of others to purchase any interest in Owned Properties.

• The Company has delivered to Purchaser true, correct and complete copies of (i) all deeds, title reports and surveys for the Owned Properties and (ii) the Real Property Leases, together with all amendments, modifications or supplements, if any, thereto.

• No foreclosures Allowed.• No Bank Owned Properties are allowed.• Non-occupying co-borrowers/co-signers/guarantors are not permitted.• 100% financing is Not Permitted.• Interest Only Mortgages and Adjustable Rate Mortgages are Not Permitted.• “No Doc” Loans or No Income Check Loans are Not Allowed.• 80/20 Loans are Not Allowed.

• There are no outstanding requirements or recommendations by any insurance company that has issued a policy covering the Company Owned Properties, or by any board of fire underwriters or other body exercising similar functions, requiring or recommending any repairs or work to be done on any such property.

• Please also refer to the section headed “Business — Properties — Owned Properties — Buildings or Groups of Buildings” in the Prospectus for further details.

More Definitions of Owned Properties

Owned Properties as defined in Section 4.14. ----------------

Owned Properties means, collectively, (i) the land and premises owned by any Credit Party on the date of this Agreement which are listed on Schedule 5.1(k), and (ii) after the date of this Agreement the lands and premises notified to the Administrative Agent pursuant to each Compliance Certificate, but shall exclude lands and premises sold or otherwise disposed of as permitted in this Agreement from the date of such sale or disposition.

Owned Properties means any property owned, leased, or operated by the Company or in which the Company holds a security or other interest (including an interest in a fiduciary capacity) and, when required by the context, this term also includes the owner or operation of such property, but only with respect to such property.

Owned Properties means, collectively, (i) the Mining Properties, and (ii) after the date of this Agreement, the additional lands and premises notified to the Lender pursuant to each Compliance Certificate.

Owned Properties shall have the meaning ascribed to such term in Section 5.7 of this Agreement.

Owned Properties shall have the meaning set forth in Section 7.12.

Owned Properties has the meaning given to it in paragraph 1 of Schedule 3;