Retail Real Property definition

Retail Real Property means Real Property that is operated primarily or is intended to be operated primarily as a retail complex or retail center.
View Source
Retail Real Property means all of the property rights of each Retail Seller in any portion of the Owned Real Property, including (a) any rights of such Retail Seller as lessee under (including as holder of the leasehold interest under) the Retail Master Lease in an air rights parcel of approximately 286,500 square feet located within a portion of the Owned Real Property, and any right of such Retail Seller to convert such leasehold interest into fee simple title, and (b) all easements granted to such Retail Seller under the ▇▇▇▇▇.
View Source

Examples of Retail Real Property in a sentence

  • All machinery, equipment and systems owned and used by the Sellers Primarily in connection with the ownership or operation of the Fuel Retail Business and located on the Fuel Retail Real Property Interests, including all storage tanks, meters, pumps, pipes, and Included IT Equipment (the “Fuel Retail Equipment”).

  • The Retail Real Property consists of valid property interests owned by Retail (provided that the Section 2.2(b) Election has not been made), and Retail owns, or has a valid leasehold interest in, the tangible personal property constituting Purchased Retail Assets in each case free any clear of Encumbrances other than Permitted Encumbrances.

  • Resort owns a fee interest in the Owned Real Property (as defined below); Retail owns the Retail Real Property (as defined below); and the Sellers, prior to June 9, 2009, were developing a proposed hotel, casino and entertainment resort at the Real Property (as defined below) (the “Project”).