Definition of Portfolio Properties

  1. Portfolio Properties means real property improved with one or more completed buildings in which more than a fifty percent (50%) interest is owned, directly or indirectly, by Borrower or any Subsidiary of Borrower, including the Unencumbered Properties and the Properties listed on Schedule 1.1, as such schedule may be updated from time to time to reflect the acquisition or disposition of Portfolio Properties. Schedule 1.1 also indicates which of the Portfolio Properties are currently classified as Premium Centers and which are currently classified as Other Retail Centers or Other Properties.

Examples of Portfolio Properties in a sentence

  1. Upon the purchase of any Title Portfolio Properties, the Purchaser shall pay Seller the applicable incremental percentage of the Transition Fee.
  2. Updated Lists of Unencumbered Properties and Portfolio Properties.

Definition of Portfolio Properties in Term Loan Agreement

Portfolio Properties means real property improved with one or more completed buildings in which more than a fifty percent (50%) interest is owned, directly or indirectly, by Borrower or any Subsidiary of Borrower, including the Unencumbered Properties and the Properties listed on Schedule 1.1, as such schedule may be updated from time to time to reflect the acquisition or disposition of Portfolio Properties. Schedule 1.1 also indicates which of the Portfolio Properties are currently classified as Premium Centers and which are currently classified as Other Retail Centers or Other Properties.