Real Property Parcel definition

Real Property Parcel is defined in Section 7.14.
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Real Property Parcel means, in respect of any Person, any Land of such Person, together with the right, title and interest of such Person, if any, in and to the streets, the Land lying in the bed of any streets, roads or avenues, opened or proposed, in front of such Land, the air space and development rights pertaining to the Land and the right to use such air space and development rights, all rights of way, privileges, liberties, tenements, hereditaments and appurtenances belonging or in any way appertaining thereto, all fixtures, all easements now or hereafter benefiting the Land and all royalties and rights appertaining to the use and enjoyment of the Land, including all alley, vault, drainage, mineral, water, oil and gas rights, and all of the buildings and other improvements now or hereafter erected on the Land and any fixtures appurtenant thereto.
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Examples of Real Property Parcel in a sentence

  • Each Real Property Parcel has legal access to a public street by unrestricted frontage or over a title-insured easement and complies with applicable subdivision regulations, except for minor survey defects which do not materially interfere with the Company's or any Subsidiary's intended use and except for subdivision of acreage into residential lots after acquisition in the ordinary course of the Company's or any Subsidiary's business.

  • Neither the Company nor any Subsidiary has knowledge of any off-record or undisclosed legal or equitable interest claimed by any person in any Real Property Parcel or any pending or threatened litigation or administrative proceeding against or affecting any Real Property Parcel or any claim of right to file a mechanic's or materialman's lien against any Real Property Parcel.

  • In the event the Administrative Agent or any Lender is required under applicable Law to obtain updated appraisals of any Accepted Real Property Parcel, the Borrower shall cooperate with the Administrative Agent in obtaining such appraisals and pay the costs of such appraisals in accordance with Section 10.08 hereof.

  • Each Real Property Parcel has legal access to a public street by unrestricted frontage or over a title-insured easement and complies with applicable subdivision regulations, except for minor survey defects which do not materially interfere with the Company’s or any Subsidiary’s intended use and except for subdivision of acreage into residential lots after acquisition in the ordinary course of the Company’s or any Subsidiary’s business.

  • Promptly upon learning of the institution of any proceeding for the condemnation or other taking of any Real Property Parcel of the Company or any of its Subsidiaries, the Company shall notify the Administrative Agent of such proceeding, and permit the Administrative Agent to participate in any such proceeding, and from time to time shall deliver to the Administrative Agent all instruments reasonably requested by the Administrative Agent to permit such participation.

  • Neither the Company nor any Subsidiary has knowledge of any off-record or undisclosed legal or equitable interest claimed by any person in any Real Property Parcel or any pending or threatened litigation or administrative proceeding against or affecting any Real Property Parcel or any claim of right to file a mechanic’s or materialman’s Lien against any Real Property Parcel.

  • The Company and its Subsidiaries will not acquire any new Real Property Parcel without the prior written consent of the Required Lenders, other than the following pending purchases: (i) Haydens Crossing/Rings real property, pursuant to contract dated March 13, 2002, for the purchase of 165.152 acres located on ▇▇▇▇▇▇▇ ▇▇.

  • Unless and until the Senior Administrative Agent notifies the Company otherwise, the Company shall, and shall cause each of its Subsidiaries to, (i) close all sales of residential units (including any GMAC Parcel) or any other Real Property Parcel through a title agency approved by the Senior Administrative Agent, including Alliance Title Agency, Ltd.

  • By: Its: SELLERS: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ SCHEDULE 3.6(a) Parcel 1 - ▇▇▇▇▇▇▇▇▇▇ #1-29 SCHEDULE 3.6(b) Permitted Encumbrances for Real Property Parcel 1 - ▇▇▇▇▇▇▇▇▇▇ #1-29 All Encumbrances and exceptions to title as set forth in Schedule B-II of Title Insurance Commitment FA-5484 prepared by First American Title Insurance Company dated January 31, 1997, except for Seller's obligations to fulfill Requirements #2, 3 and 4 as set forth in Schedule B-I of said commitment.

  • At least ten (10) Business Days prior to the acquisition of any Real Property Parcel by the Company or any Restricted Subsidiary, the Company shall, and shall cause each Restricted Subsidiary to, provide each of the Senior Administrative Agent and the Administrative Agent written notice thereof.