Underlying Property definition

Underlying Property. , in relation to a PHE, means —

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Underlying Property has the meaning set forth in the recitals.

Underlying Property means, with respect to each Property Under Contract, the Real Property to be purchased by an Optionor under the Underlying Agreement, as set forth on the Property Schedule and described more particularly on Exhibit A hereto.

Examples of Underlying Property in a sentence

• The obligations of ▇▇▇▇▇▇▇▇▇ hereunder may be assigned or transferred to any Entity acquiring the Underlying Property to which each Expense relates; provided, however, such Entity unconditionally agrees in writing, reasonably satisfactory to the Trustee and the Delaware Trustee, to assume ▇▇▇▇▇▇▇▇▇’▇ obligations under this Section 6.02(b).

• Which May Be In Excess Of The Ultimate Purchase Price Of The Underlying Property.

• Which May Be In Excess Of The Ultimate Purchase Price Of The Underlying Property.......................

• Each of the Sold Entity and each Sold Entity Subsidiary was formed solely for the ownership of the Underlying Property (directly or indirectly) and has not engaged in any other business activities.

• Subject to Section 7.9(d), the Special Servicer shall retain the entity or entities that were acting as the Property Manager with respect to the related Underlying Property immediately prior to the Event of Default, or such other property managers as the Special Servicer shall deem appropriate (the "MANAGER"), to provide property management services at the relevant property.

More Definitions of Underlying Property

Underlying Property means (a) any Property owned by a direct or indirect subsidiary of the issuer of a Preferred Equity Interest, or (b) any Mortgaged Property that is the subject of a B Note or a Mortgage Loan, or (c) any Mortgaged Property underlying any Mezzanine Loan that is a Transaction Asset hereunder (including the Initial Transaction Asset).

Underlying Property means any real estate property that constitutes a Royalty Asset.

Underlying Property means the real property together with all buildings, fixtures, and improvements thereon; all waters and water rights on, relating, or appertaining thereto; all easements, licenses and rights of way relating or appertaining thereto; all rents, issues, royalties, income and profits; all awards made for taking by eminent domain or any proceeding or purchase in lieu thereof; the proceeds of any insurance; all tenements, hereditaments, rights, privileges, and appurtenances belonging or relating thereto or any improvements thereon; and including any of the foregoing now existing or created or arising in the future, if any, which are described in an Underlying Deed of Trust and which act as security for an Underlying Note.

Underlying Property means a real property owned by an Equity Entity.

Underlying Property means Mortgaged Property underlying the Initial Transaction Asset.

Underlying Property means the Property owned by Willow LP, the ownership interests in which are represented by a Class of Units of Willow LP, as set forth in Section 4.2;

Underlying Property means any residential property that is wholly owned by or acquired or to be acquired by Borrower (or any Series thereof) in connection with any Underlying Customer and the fee title to which is held by Borrower (or any Series thereof), together with all improvements thereon and all other rights, benefits and proceeds arising from and in connection with such property.