Removed Property definition

Removed Property. A Released Property or Exchanged Property that has either been released or substituted and that is removed from the Collateral Pool pursuant to Section 2.03 and Article VII hereof.

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Removed Property has the meaning specified in the definition of “Collateral Substitution”.

Removed Property. A Released Property or Exchanged Property that has either been released or substituted pursuant to Section 2.04 and Article VII hereof.

Examples of Removed Property in a sentence

The City is hereby authorized, in its sole discretion, to remove a portion of the Property (“Removed Property”) from this Agreement at any time, provided that the City and the owner of the Removed Property concurrently enter into a modified development agreement governing the development and use of the Removed Property.
On or prior to the effective date of any such substitution, the Property Manager shall deliver to the Custodian and each Issuer an amended Owned Property Schedule and an amended Mortgage Loan Schedule reflecting the addition to the Collateral of each new Qualified Substitute Property and related Lease, Qualified Substitute Hybrid Lease and Qualified Substitute Loan and the removal from the Collateral of each Removed Property and related Lease and Removed Loan.
For the month of substitution, the Available Amount shall include the Monthly Lease Payment due on the Lease for the Removed Property and Monthly Loan Payment due on the Mortgage Loan for the Removed Loan for such month and, thereafter, the applicable Issuer designee shall be entitled to retain all amounts received in respect of such Lease or Mortgage Loan.
Simultaneously with any substitution made pursuant to this Section 7.01, such Issuer shall distribute the Removed Property and Lease or the Removed Loan to its members or transfer the Removed Property and Lease or the Removed Loan to a third party purchaser.
Notwithstanding the foregoing, Seller, unless permitted by Section 34, may not substitute a Property or Properties for any Removed Property which was earlier substituted for a Removed Property in accordance with the provisions of this Agreement.

More Definitions of Removed Property

Removed Property has the meaning set forth in Section 3.11(b).

Removed Property means any Property that is removed from this Agreement in accordance with the terms hereof.

Removed Property. As defined in Section 1.8. Rent: Collectively, (i) the Base Rent and (ii) Additional Charges.

Removed Property means any and all FF&E removed from the Premises by any

Removed Property means each Property with respect to which this Agreement is terminated in accordance with the provisions of Sections 7, 15, 19, 20, 25, 27 or 35 hereof.

Removed Property shall be defined as a Property that is excluded from the transactions contemplated under this Agreement either automatically or by Buyer’s timely election pursuant to the provisions of Section 3(c) (failure of Subdivision Condition), Section 4(g) (uncured title defect), Section 4(a) (due diligence objection), Section 6(e) (failure to obtain estoppel), Section 12 (damage), Section 9 (condemnation), or Section 11 (Seller default).

Removed Property means machinery, equipment, fixtures, Additions, Substituted Property, Restorations or property removed from the Facilities in conformity with Section 416 or 417 of this Loan Agreement. After removal, Removed Property shall be Excluded Property.