Remainder Property definition

Remainder Property shall have the meaning set forth in the recitals to this Agreement.
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Remainder Property means any Individual Property or Properties that are not released from the lien of the Mortgage as a result of a Partial Defeasance.
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Remainder Property shall have the meaning set forth in Section 3.10 of ------------------- this Agreement.
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Examples of Remainder Property in a sentence

  • The Seller has no knowledge of the aforesaid conditions existing on the Seller’s Remainder Property, or of any archaeological sites, burial grounds or cemeteries existing on the Property or on Seller’s Remainder Property.

  • Prior to Closing, Seller shall complete all Closure Work at the buildings identified in Schedule 3.5(c) as being delivered at Closing (and related structures identified in Schedule 3.5(b)) (the “Buildings Vacated at Closing”), but excluding the Remainder Property and Hazardous Materials stored, used or brought onto the Site Services Building by Buyer.

  • A temporary construction easement agreement to be recorded at Closing in the public records of ▇▇▇▇▇▇ County, Maryland (the “Construction Easement Agreement”) to provide Purchaser and its agents, consultants, contractors and employees access to the Property over and across such portions of the Seller’s Remainder Property as may be reasonably necessary for certain materials deliveries, contractor parking, and project staging and phasing during construction of the Project.

  • Notwithstanding the foregoing, but subject to the Post-Closing Agreement, so long as Buyer does not unreasonably interfere with the Closure Work, Buyer shall have full rights to enter and access the Remainder Property commencing on the Closing.

  • Seller shall deliver to Buyer possession of (a) the Property (other than the Remainder Property) with all Closure Work related thereto completed upon the Closing and (b) each building in the Remainder Property as the Closure Work related thereto is completed.

  • However, division of the Subject Patent Property into the Reversion Property and the Remainder Property may require compliance with the California Subdivision Map Act.

  • HARVEYS shall retain the right and option to purchase the remainder of the Property (also referred to herein as the "Remainder Property") in accordance with paragraph 4, herein below.

  • The Property and the Remainder Property are collectively referred to in this Section 4.3.1 as "ADJUSTED PARCEL II".

  • In the event of any potential sale transaction related to the Remainder Property, Owner, in good faith, shall provide Developer with all necessary written information to evidence compliance with the provisions of this Section.

  • Owner hereby grants Developer a one-time right of first negotiation (“First Right”) to acquire the Remainder Property, or any portion thereof.


More Definitions of Remainder Property

Remainder Property means any portion of the Property that is not released from the lien of the Deed of Trust as a result of a Partial Release (as defined in the Deed of Trust).
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