Leased Properties have the meaning set forth in Section 3.16 herein.
Undeveloped Property means all Assessor’s Parcels of Taxable Property which are not Developed Property.
Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.
Project Property means the real property on or for which preconstruction service or construction work is or will be provided.
Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.